Cost of Cyberattacks: Protecting Businesses in the Age of Digitalisation

28 September 2021

This article briefly examines what businesses can and should do to prevent cyberattacks and sufficiently limit their damages from cyberattacks and ensure GDPR compliance.

Issues surrounding GDPR compliance of Blockchain Technologies

16 September 2021

Blockchain technology, has come to prominence since the creation of Bitcoin back in 2009. In sum, Blockchain is a decentralized, distributed ledger system that stores and records information in blocks.

Virtual Voice Assistants: Allowing for technological advancement while maintaining GDPR compliance

13 September 2021

The European Data Protection Board recently issued guidelines regarding requirements of Virtual Voice Assistants (VVA) to be GDPR compliant (the Guidelines).

Revised EBA Guidelines on Major Incident Reporting

27 July 2021

On 10 June 2021 the European Banking Authority (EBA) published its revised Guidelines on major incident reporting under the Payment Service Directive (PSD2).

CySEC Publishes Directive on Registration of Crypto-Asset Service Providers

23 July 2021

CySEC has published a Directive on ‘the Register of Providers of Services Regarding Crypto Assets’, under powers conferred by Law 188(I)/2007 on ‘Prevention and Suppression of Money Laundering and Terrorist Financing’.

Cyprus enacts the 5th Anti Money Laundering Directive Introducing Crypto Assets

07 April 2021

The enactment of the 5^th Anti Money Laundering Directive via amendment of Law 188(I)/2007 constitutes the introduction of mandatory crypto assets regulation in Cyprus.

The Quincecare Duty: A narrower scope of Application

24 February 2021

The Quincecare duty is applied in United Kingdom since case Barclays Bank plc v Quincecare [1992] 4 All ER 363, issued back in 1992.

Moratorium on loan repayments

19 January 2021

As the second phase of the pandemic started to affect our country and the implementation of additional measures by the Cypriot Government to end it, the need for a new moratorium to protect certain categories of debtors arose.

Suspension of foreclosures involving primary residences or businesses dwellings until end of March 2021

18 January 2021

Harris Kyriakides LLC contributes to Commercial Law Review

16 July 2020

Our Associate Mr Christos Stroppos contributed to the Commercial Law Review as a co-author of a brief overview on the legal framework regulating the provision of electronic money services in the Republic of Cyprus.

Amendment of the Finance Leasing Law

15 June 2020

On 05/06/2020, the Parliament adopted the amendment of the Finance Leasing Law of 2016 (72(I)/2016) (the "Law") with 29 votes in favor, 14 against and 2 abstentions. 

Amendments to the Transfer and Mortgage of Property Law N.9/65

05 June 2020

On 02/08/2019, the Parliament has passed the Transfer and Mortgage of Property (Amending) (No. 4) Law of 2019, however, the President of the Republic of Cyprus has referred the law to the Supreme Court to determine its compatibility with Constitution.

Retrospective submission of a contract of sale

02 June 2020

On 8 May, 2020, the Supreme Court of Cyprus delivered its much-awaited judgement in the context of the appeal 68/19 (Appeal), granting leave for the submission of an application for the issuance of a Certiorari, a prerogative writ.

Cyprus publishes draft legislation for transposing DAC6

07 April 2020

The Republic of Cyprus has published draft legislation to transpose Directive 2018/822/EU on mandatory automatic exchange of information in the field of taxation in relation to reportable cross-border arrangements (DAC6).

Preparation of audited Financial Statements by individuals

21 August 2018

Reduction of the cheques validity period duration

09 July 2018