Injunctions suspending demands on performance bonds and bank guarantees
11 June 2024
Performance bonds and bank guarantees are vital in ensuring smooth commercial operations. They act as safeguards for parties engaged in business, particularly in industries like construction and contracting. These bonds assure that obligations will be fulfilled, thereby promoting confidence and stability in commercial dealings. Their use is often described as essential for maintaining trust and ensuring reliable transactions in the marketplace. However, in cases where disputes arise, contractors who have provided bank guarantees may seek the assistance of the court to prohibit the demand on the bank guarantee, in an effort to avoid the relevant sums being made available to the owners.
Read MoreNavigating the Corporate Sustainability Reporting Directive: Implications for Cyprus Companies
16 May 2024
On April 21, 2021, the EU Commission announced the adoption of the Corporate Sustainability Reporting Directive (the CSRD) in line with the commitment made under the European Green Deal. The CSRD will amend the existing Non-Financial Reporting Directive (the NFRD) and will substantially increase reporting requirements on the companies falling within its scope in its efforts to expand the sustainability information for users. With the CSRD's enactment in January 2023 and the deadline for national transposition approaching in July 2024, companies subject to the CSRD must prepare to meet their reporting obligations.
Read More09 January 2024
In a welcome and much anticipated interpretation of Cyprus law, the Cyprus Administrative Court has clarified that in proceedings before the Tender Review Authority (the TRA) where the remedies sought include the grant of an order for rendering ineffective a signed contract between the contracting authority and a successful tenderer, such successful tenderer has the right to participate and be heard in the course of the TRA proceedings.
Read MoreOutlook on the Cyprus Electronic Communications Code
05 May 2023
The Cyprus Electronic Communications Code has completed 12 months of continuous operation, after its adoption in March 2022.
Read MoreCompliance with the New Whistleblower Directive
02 June 2021
Whistleblower Directive, adopted in 2019, introduces the minimum standards for a high level protection of persons reporting breaches of Union law.
Read MoreControl of Public Tenders Procedures by the Tenders review authority
12 May 2021
The Tenders Review Authority (TRA) was established in 2003 and it is now governed by the Review procedure Procedures in the Field of Public Procurement Law of 2010.
Read MoreChallenging public procurement awards in Cyprus
02 November 2020
The Cyprus Tenders Review Authority and its pivotal role in safeguarding justice and transparency in Cyprus public procurement tenders.
Read MoreSweet & Maxwell Public Procurement Law Review
23 August 2024
Harris Kyriakides has recently contributed an article to the Sweet & Maxwell Public Procurement Law Review, discussing the judgment of NCR (Cyprus) Limited v Tender Review Authority and its influence on the rights of audience of affected parties within the EU Public Procurement framework.
Read MoreCyprus chapter in the Public Procurement 2024 by Chambers and Partners
18 April 2024
Harris Kyriakides team contributes to the Cyprus chapter in the Public Procurement 2024 by Chambers and Partners.
Read MorePublic Procurement 2023 by Chambers & Partners
12 May 2023
Harris Kyriakides Procurement & Regulatory team contributes to the Cyprus chapter in the Public Procurement 2023 by Chambers & Partners.
Read MoreGlobal Legal Group - Initial Public Offerings 2022
07 June 2022
Harris Kyriakides team contributes the Cyprus chapter in the Initial Public Offerings 2022 by Global Legal Group.
Read MoreLegal 500 Cyprus Public Procurement Guide 2022
24 February 2022
Harris Kyriakides is pleased to have contributed the chapter on Public Procurement in Cyprus in the Legal 500 Country Comparative Guides 2022.
Read MoreInterim Judicial Protection in Public Procurement
18 February 2024
Our partner, Eleni Neoptolemou held an engaging presentation on “Interim Judicial Protection in Public Procurement”, discussing avenues for obtaining interim relief in public procurement disputes
and highlighting significant cases
.
Read MoreHarris Kyriakides organises webinar on recent decisions of the Cyprus Tender Review Authority
10 June 2021
Harris Kyriakides' Procurement & Regulatory team recently presented a webinar, entitled "Recent Decisions of the Tender Review Authority.
Read MoreWe are experts on advising on all aspects of procurement law in Cyprus, whether it concerns legal advice and assistance during the submission of a tender, guiding our clients through the practical application of the procurement rules, or supporting them when they wish to challenge procurement decisions or are being challenged under the procurement rules.
Our key service areas include:
Our clients include companies across the full spectrum of industrial, commercial and service sectors, financial institutions and governmental agencies and organisations.
Follow us
1 Kinyra Street, 5th floor
1102 Nicosia
115 Faneromenis Avenue,
Antouanettas Building
6031 Larnaca
12 Platonos Street,
3027 Limassol
4 Nicou Nicolaidi & Kinyra,
2nd floor, 8011 Paphos
164A Georgiou Gourounia,
1st floor, 5289 Paralimni