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.
Our associate, Munevver Kasif, addressed the attendees of the GBCY International Investment Conference 2024, on the recent challenges faced in the maritime sector in Cyprus explaining how Cyprus remains an international maritime and ship management centre.
We applaud the organisers for putting together this insightful event, and are proud to have been a part of it.
On April 4th, 2024, a bill was submitted to the Cyprus Parliament aiming to relief thousands of borrowers and guarantors whose assets are encumbered by MEMOs.
The European Court of Human Rights (ECHR) ruled on April 9, 2024, in the case Verein KlimaSeniorinnen Schweiz and Others v. Switzerland (application no. 53600/20) that the Swiss government's failure to take adequate measures to combat global warming violated the guaranteed rights of its citizens, particularly the right to respect for private and family life (Article 8 of the European Convention on Human Rights).
The Cyprus Commission for the Protection of Competition (the Commission) has launched a public consultation on the draft bill titled "The Protection of Competition (Amendment) Law of 2024". The consultation will run from April 4, 2024, to May 2, 2024. The aim of the consultation is to invite interested parties to submit comments, observations, and suggestions on a draft bill, which will amend the Protection of Competition Law No. 13(I)/2022.
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