All Harris Kyriakides

Cyprus Supreme Court approves new Civil Procedure Rules

Information: 18 June 2021

The Supreme Court of Cyprus announced today that it has approved the adoption of new civil procedure rules that will be applicable in civil litigation in Cyprus.

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Book presentation - Cyprus Banking Law

Information: 16 June 2021

On the 3rd of June 2021, Cyprus Bar Association hosted the presentation of the book Cyprus Banking Law, edited by Dr. Nicolas Kyriakides, partner at Harris Kyriakides.

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Compensations Booklet 2020

Information: 14 June 2021

In our Compensations booklet for 2020 you may find a summary of all rulings issued by Cypriot courts in 2020, in which compensations were awarded for damages resulting from any form of accident.

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Harris Kyriakides organises webinar on recent decisions of the Cyprus Tender Review Authority

Information: 10 June 2021

Harris Kyriakides' Procurement & Regulatory team recently presented a webinar, entitled "Recent Decisions of the Tender Review Authority.

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Law on the Issuance of Government Guarantees

Information: 10 June 2021

Due to the prolonged effects of the pandemic on the economy, it was considered that the present conditions require the promotion of the measure of granting loans with government guarantees.

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International agreements of EU Member States and the transfer of personal data - an obligation under review

Information: 09 June 2021

This article reviews the announcement of the European Data Protection Board on the transfer of personal data on the basis of legal obligations deriving from international agreements.

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Cyprus justice resumes normal operations

Information: 08 June 2021

The Cyprus Supreme Court announced that, after re-evaluation of the epidemic conditions and taking into account current circumstances and the improved epidemiologic situation and the relevant decrees of the health authorities in relation to the coronavirus pandemic.

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Cyprus strategy for the Shipping sector

Information: 07 June 2021

The Cyprus Ministry for shipping is preparing a new strategic vision for Cyprus shipping sector that will determine the future of the maritime industry.

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Imposition of an administrative fine on the Board of Registered Realtors

Information: 04 June 2021

This article briefly discusses the imposition of an administrative fine by the Cyprus Data Protection Commissioner on the Board of Registered Realtors for failure to meet data subject request.

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Execution of judgments after the lapse of material time

Information: 03 June 2021

The judgement creditor, as defined under Order 40 r. 8 of the Civil Procedure Rules, who claims to be entitled to execution of a Court judgement may, even after ten (10) years have lapsed from the date of issuance of the Court judgement.

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Compliance with the New Whistleblower Directive

Information: 02 June 2021

Whistleblower Directive, adopted in 2019, introduces the minimum standards for a high level protection of persons reporting breaches of Union law.

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The Supreme Court clarifies legal questions that may arise in the context of banking litigation

Information: 01 June 2021

In its recent case law xxx Eustratiou and Alpha Bank Limited, Appeal No. 314/2013, dated 20/04/2021 the Supreme Court provided guidance on different legal questions that may arise in the context of a banking case through the Defence of the Defendant.

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Targeting Social Media Users and GDPR

Information: 31 May 2021

With the increased use of social media and developing targeting techniques offered by social media providers, the European Data Protection Board (EDPB) has updated its guidelines on the targeting of social media users issued in 2020.

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Suspension of foreclosures involving primary residences or businesses premises or agricultural fields until end of July 2021

Information: 26 May 2021

The Transfer and Mortgage of Property Law (Amending) Law of 2021 (Ν. 98(I)/2021) (the Law) was published in the government Gazette on 07.05.2021 in an effort to provide financial assistance and relief to borrowers who have been significantly affected by the COVID-19 pandemic and consequently, are unable to comply with their repayment obligations.

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Issuance of a 'Green Digital Certificate' and Use of Sensitive Personal Data

Information: 20 May 2021

The present article examines the suggested issuance of a "Digital Green Certificate" by the European Community and addresses certain data protection concerns regarding the issuance of such certificates.

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Harris Kyriakides is Recognised by Legal 500 as a “Leading Firm 2021”

Information: 18 May 2021

Harris Kyriakides is honoured to have been ranked again by The Legal 500 as a “Leading Firm” for Europe, Middle East and Africa.

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Harris Kyriakides included in the list of University of Oxford, Faculty of Law Benefactors

Information: 18 May 2021

Harris Kyriakides supported a recent research project on the effect of artificial intelligence on the administration of justice and adjudication by the University of Oxford.

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Imminent creation of a Commercial Court and an Admiralty Court

Information: 14 May 2021

The adoption of the bill establishing a Commercial Court and an Admiralty Court in Cyprus constitutes significant progress in the reform of the Cypriot judicial system.

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The transfer of the workplace to work from home during the COVID-19 pandemic

Information: 13 May 2021

The measures imposed by the government of the Republic of Cyprus for tackling the effects of the COVID-19 pandemic have caused sudden and extensive changes to the day-to-day operation of many businesses.

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Control of Public Tenders Procedures by the Tenders review authority

Information: 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.

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We are delighted to announce that our firm is represented in the board of directors of the Cyprus Forum of Insurance Lawyers (FIL)

Information: 11 May 2021

A team of lawyers who specialise on insurance law have established a union, under the name of Forum of Insurance Lawyers – FIL.

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International Comparative Legal Guide to: Drug & Medical Device Litigation 2021

Information: 07 May 2021

Harris Kyriakides team contributes the Cyprus chapter in the International Comparative Legal Guide to Drug & Medical Device Litigation 2021.

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Cyprus travel restrictions in Covid 19

Information: 06 May 2021

Cyprus has updated the procedures regulating the repatriation or travelling in Cyprus.

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Clear and present danger

Information: 23 April 2021

A recent article of Ioannis Generalis, Τrainee Αssociate at Harris Kyriakides, with title “Clear and present danger”, has been published in the Bunkerspot Magazine.

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Recognition and enforcement of UK judgments in Cyprus post-Brexit

Information: 13 April 2021

This article briefly describes if and how Brexit has impacted the recognition and enforcement of UK judgements in Cyprus.

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Outlook on COVID-19 Business Interruption (BI) Claims Contrasts FCA Test Case

Information: 12 April 2021

A recent UK Supreme Court judgment in the FCA test case indicates Covid-19 related extended BI cover claims not requiring physical damage may succeed, whereas US statistics suggest claims under basic BI cover mandating physical damage are likely to fail.

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

Information: 07 April 2021

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

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Marine Cyberattacks: Analysis of Liability and IMO 2021

Information: 05 April 2021

Cyberattacks bear risk for shipping companies in terms of contractual liability, third party liability, and regulator violations.

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Harris Kyriakides and Epsilaw are announcing their cooperation in a series of webinars designed to provide information for current legal issues

Information: 30 March 2021

The first webinar, entitled "How the procedure of personal injury claims changes with the new Civil Procedure Rules in Cyprus" will take place on Tuesday, 6 April, at 18:00.

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Adverse inferences in matrimonial litigation arising from the denial to submit to a DNA test – the position of the Cyprus Supreme Court

Information: 23 March 2021

When a person refuses to submit to DNA testing under a Court order, the Court is entitled only to take the refusal on record to draw an adverse inference therefrom.

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Mutual Recognition and Enforcement of maintenance decisions

Information: 22 March 2021

The free movement of families within the European Union has brought the need for ways of enforcing maintenance payments across international borders into focus.

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Approaching UK Whiplash Reforms Could Influence Cyprus

Information: 19 March 2021

The much-expected UK whiplash reforms introduce a new procedure for claims concerning soft tissue injuries from Road Traffic Accidents (RTAs).

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Recent Supreme Court's judgment in relation to international child abduction: Following the exceptions of the legislation

Information: 18 March 2021

Supreme Court of Cyprus decided not to order the return of a child to his habitual residence although there was an abduction in term of the Convention on the Civil Aspects of International Child Abduction.

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UK Supreme Court Overrules Court of Appeal on Disapplication of the Crossing Rules outside Narrow Channels

Information: 17 March 2021

UK Supreme Court overturned a Court of Appeal and Admiralty Court judgment involving collision outside a narrow channel.

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Justice in the Insurance sector

Information: 16 March 2021

A recent article of our Insurance and Personal Injury team with title: “Justice in the Insurance sector” has been published in the IN Business Magazine.

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Regulatory impact

Information: 11 March 2021

A recent article of Ioannis Generalis, Τrainee Αssociate at Harris Kyriakides, with title ‘Regulatory impact’, has been published in the Bunkerspot Magazine.

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Suspension of execution of a Court decision regarding the return of a minor

Information: 10 March 2021

Unpreceded for the Cypriot Courts is the decision of the Supreme Court of Cyprus (the Court) which was issued on 16th of February 2021 (the Case).

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Processing Personal Data of Criminal Convictions in Cyprus

Information: 03 March 2021

Article 10 of the General Data Protection Regulation (GDPR) specifically limits the processing of personal data relating to criminal convictions and offences or related security measures.

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EU-US Privacy Shield invalidated by the Court of Justice of European Union

Information: 02 March 2021

On July 16, 2020, the Court of Justice of the European Union (the CJEU) in the case of Data Protection Commissioner v Facebook Ireland Ltd and Maximillian Schrems (the Schrems Case) issued a landmark ruling invalidating EU-US Privacy Shield.

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New Directive on Taxation of Proceeds from Foreclosed Property

Information: 25 February 2021

Newly published Directive 09/2021 sets out the Tax Department’s process of determination of whether foreclosed property proceeds are taxed as Income or Capital Gains.

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The Quincecare Duty: A narrower scope of Application

Information: 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.

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Business Interruption COVID-19 Test Case: Financial Conduct Authority’s Test Case- The UK Supreme Court’s Decision

Information: 23 February 2021

Business Interruption COVID-19 Test Case.

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New scheme on fast track business activation in Cyprus

Information: 22 February 2021

The Fast Track Business Activation mechanism was approved by the Council of Ministers on 3rd of September 2020.

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Norwich Pharmacal Orders and Bank Secrecy

Information: 19 February 2021

Norwich Pharmacal Orders (NPOs) are frequently issued against banks. The conflict between bank secrecy and orders for disclosure of information is inevitable.

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Cyprus Makes Waves in Decarbonising Shipping

Information: 15 February 2021

Cyprus introduced tax cuts in January to incentivise shipping companies towards energy efficiency and use of alternative fuel, ultimately aiming for Green House Gases reduction.

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Decarbonising Shipping: A Review of IMO and EU Regulation

Information: 11 February 2021

Decarbonising shipping is essential, expensive, and complicated. Regulation is key to achieving the task, and which regulation prevails will determine shipping companies’ strategies for decades to come

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Circular no. C417 on Crypto-Asset Investment: Our Verdict

Information: 10 February 2021

CySEC has published circular C417, which is addressed to Cyprus Investment Firms, and contains guidance on investment in crypto-assets.

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Developments on penalties imposed on financial institutions for GDPR violations in Cyprus

Information: 09 February 2021

Due to significance of the violations under GPDR, the Commissioner considered that imposition of a fine to the financial institution is appropriate in the situation.

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Travelling to Cyprus during Covid 19

Information: 08 February 2021

As of February 6, passengers arriving to Cyprus from Category A & B countries must self-isolate for 72 hours, and undertake a PCR test after the lapse of this period, the cost of which will be borne by themselves.

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The issuance of a charging order and an order for sale of the charged asset

Information: 08 February 2021

The issuance of a charging order comprises an alternative means of enforcement which is accompanied by an order for sale of the charged asset under the Law on Charging Orders of 1992 (31 (Ι)/1992) (the Charging Order Law).

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Revised announcement of the Supreme court

Information: 03 February 2021

In light of the provisions of the Order of the Minister of Health, Regulatory Administrative Act 6/2021 and the need to take drastic measures for the prevention of the spread of the coronavirus (Covid-19 virus), a meeting was conducted on 11.1.2021 between the President and the Members of the Supreme Court.

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Bill on the Issuance of Government Guarantees

Information: 03 February 2021

Due to the prolonged effects of the pandemic on the economy, it was considered that the present conditions require the promotion of the measure of granting loans with government guarantees.

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Two-tier System of Cooperation for Effective Enforcement of GDPR

Information: 02 February 2021

On November 26, 2020, Belgian Data Protection Authority (DPA) and DNS Belgium, the organization managing the “.be” domain, signed a cooperation agreement.

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New Legislation on Combatting Sexism, and Sexism Spreading via the Internet

Information: 28 January 2021

The need to combat sexism and discrimination between genders which constitute de facto violations of human rights and fundamental liberties has led to the voting of the Law on Combatting Sexism and Sexism Spreading via Internet.

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The Right of Access to Public Sector Information Law of 2017 (184(I)/2017)

Information: 25 January 2021

The Right of Access to Public Information Law of 2017 (184(I)/2017) (the Law) has entered into force on the 22nd of December 2020.

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Rental payments during the Covid-19 pandemic

Information: 20 January 2021

As part of the new measures of support to businesses and self-employed persons which have recently been announced by the Government of the Republic of Cyprus for the purpose of mitigating the financial impacts of the COVID-19 pandemic.

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Moratorium on loan repayments

Information: 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.

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

Information: 18 January 2021

On 17.12.2020, the Parliament adopted the amendment of the Transfer and Mortgage of Property.

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IMO 2020 approaches 2021 – Has the Shipping Industry Adapted to the 0.5% Sulphur Cap?

Information: 05 January 2021

IMO 2020 introduced a 0.5% Sulphur cap on bunkers to ships operating outside Emission Control Areas.

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Workplace rights for employees undertaking IVF treatment in Cyprus

Information: 15 December 2020

What is IVF treatmentThe first reported birth of a child conceived by ‘in Vitro’ fertilization (IVF) was in 1978.

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2009 Motor Insurance Directive: an Evaluation of Current Proposals for Amendment

Information: 14 December 2020

The 2009 Motor Insurance Directive is paramount for materialising the fundamental right of freedom of movement for European citizens across the EU.

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P&I Club Coverage for COVID-19

Information: 24 November 2020

P&I Clubs invariably provide insurance cover for infectious diseases. COVID-19 related cover encompasses crew illness and deviation to ensure treatment, whereas the extent of quarantine cover varies between the individual rules.

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Questions about preventive measures for covid-19

Information: 24 November 2020

The Commissioner of Personal Data Protection has answered in a recent announcement frequently asked questions about preventive measures for covid-19.

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COVID-19 Test Case Judgment: To What Extent Are Business Interruption Policies Triggered by Non-Physical Damage/Loss?

Information: 24 November 2020

Business Interruption (BI) insurance policies are normally triggered by physical damage/loss.

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12 November 2020 – Announcement of the Supreme Court

Information: 12 November 2020

In light of the emergency measures announced on 11 November 2020 to curb the coronavirus pandemic by the Minister of Health, a meeting of the President and Members of the Supreme Court and the President and Vice President of the Cyprus Bar Association was held on 12.11.20 at the Supreme Court.

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Fines under the GDPR: The Danish example

Information: 05 November 2020

General Data Protection Regulation (GDPR) governs the collection of data related to people in the EU and it imposes obligations on EU countries but is applicable to any and all organisations that target or collect data on EU persons.

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COVID 19: Impact on Marine Insurance, and the Introduction of Exclusion Clauses

Information: 04 November 2020

COVID-19 impacts the wider maritime industry, including marine insurance. So far insurance claims have been reduced, though insurers are bracing for a potential influx through novel exclusion clauses.

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Challenging public procurement awards in Cyprus

Information: 02 November 2020

The Cyprus Tenders Review Authority and its pivotal role in safeguarding justice and transparency in Cyprus public procurement tenders.

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Oxford University Summer Internship Programme 2021

Information: 30 October 2020

We are delighted to have been invited by the Careers Service, University of Oxford to participate in their Summer Internship Programme in 2021 as a gold standard international internship host.

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The right to be forgotten is once more violated by Google

Information: 27 October 2020

The right to be forgotten provided under Article 17 of the General Data Protection Regulation (GDPR) was found by the Swedish Data Protection Authority (DPA) to be violated by the famous search result giant Google.

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Licensing and selling intellectual property in Cyprus and in Europe

Information: 26 October 2020

The rapid advances in artificial intelligence and other technology aspects have elevated the importance of securing, licensing and selling intellectual property.

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The 6th AML Directive – What changes in the fight against money laundering

Information: 22 October 2020

On 12 November 2018, the European Parliament published the 6th AML Directive (AMLD6), bringing into force further rules against money laundering, which Member States are required to transpose into national law by 3 December 2020.

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The American Rocket Docket System: A model for active case management for countries facing delays in justice

Information: 19 October 2020

Our Partner Dr Nicolas Kyriakides will be presenting on 21 October 2020, 16:00-18:00, the research seminar titled 'The American Rocket Docket System: A model for active case management for countries facing delays in justice' at the fourth research seminar series organized by the Department of Law at the University of Cyprus. Find more information here.

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Harris Kyriakides has joined as a Legal Sponsor the NPL Investing & Management Summit

Information: 12 October 2020

We are happy to announce that Harris Kyriakides, has joined as a Legal Sponsor the NPL Investing & Management Summit taking place online on October 21-22. Find out more details at https://www.ddc-financial.com/2-part-npl-summit-greece.

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Training Programme 2020-2021

Information: 08 October 2020

Harris Kyriakides LLC is excited to welcome six new trainee associates for its 2020-2021 training programme.

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Cyprus introduces film production incentives

Information: 23 September 2020

Producers and media companies are invited to utilise the Cyprus landscape and infrastructure and enjoy a variety of legal, corporate and tax incentives for filming in Cyprus under the new Cyprus Filming Scheme.

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How did the Covid-19 crisis affect the insurance sector?

Information: 22 September 2020

The efficiency of the regulatory framework of Solvency II is being tested by the crisis caused by the outbreak of the COVID-19 pandemic.

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First Cypriot citizen to be extradited to the United States

Information: 21 September 2020

The Republic of Cyprus extradites its first citizen to the United States.

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Aradippou Basketball Club

Information: 18 September 2020

Our lawyers have been actively involved in providing pro bono services to Aradippou Basketball Club on various legal matters.

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Frontiers in Civil Justice

Information: 17 September 2020

Our partner Dr Nicolas Kyriakides, Co-Director of the Procedural Law Unit at the University of Nicosia (https://www.unic.ac.cy/school-of-law/plu/), will be co-presenting a paper in the upcoming Frontiers in Civil Justice conference, on 16-17 November 2020 (https://www.unic.ac.cy/frontiers-in-civil-justice/).

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Repatriation or travel to Cyprus amid the COVID-19 pandemic

Information: 16 September 2020

Information on current travel procedures for persons intending to visit Cyprus.

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The Autonomy of EU Legal Order

Information: 15 September 2020

Our Associate Mr Christos Stroppos will be presenting on 16 September 2020, 16:00-18:00, the research seminar titled 'The Autonomy of EU Legal Order' at the fourth research seminar series organized by the Department of Law at the University of Cyprus. Find more information at here.

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Global Implications of the Rapidly Evolving Coronavirus Pandemic Restrictions for Charter Parties

Information: 14 September 2020

The outbreak of COVID-19 pandemic has plunged the world into economic, political, and social turmoil and had major impacts on the shipping sector.

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GLI - Litigation & Dispute Resolution 2020

Information: 28 August 2020

Harris Kyriakides LLC contributes the Cyprus chapter in Global Legal Insights: Litigation & Dispute Resolution 2020.

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Forthcoming changes in Cyprus competition laws

Information: 26 August 2020

Harris Kyriakides participates in the public consultation of the Cyprus Commission for the Protection of Competition on the 2021 Protection of Competition Law and Leniency Programme Regulations.

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Employee protection against dismissals in Cyprus during a pandemic

Information: 25 August 2020

Discussing the possibilities of employee dismissals following the government schemes issued in the wake of the COVID-19 pandemic.

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EU Commission demands that Cyprus establishes and interconnects an electronic register of road transport undertakings

Information: 18 August 2020

The European Commission refers Cyprus to the EU Court of Justice.

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Competition briefing – Important decisions adopted in 2019 by the Cyprus Commission for the Protection of Competition

Information: 29 July 2020

We set out below the most important decisions adopted in 2019 by the Commission for Protection of Competition.

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Investigations on private companies for data protection compliance purposes

Information: 24 July 2020

On 13 July 2020 the Commissioner for Personal Data Protection announced that she will soon commence investigations on private companies in order to evaluate whether the General Data Protection Regulation (EU) 2016/679 is properly applied.

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Harris Kyriakides LLC contributes to Commercial Law Review

Information: 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.

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Legal impacts of COVID-19 in Cyprus

Information: 15 July 2020

Our Associate Ms Georgina Athanasiou discusses how the COVID-19 crisis is impacting Cyprus legal market in the crisis management special edition of fivehundred magazine from The Legal 500.

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Harris Kyriakides supports the inaugural event of the Procedural Law Unit at University of Nicosia School of Law

Information: 14 July 2020

Harris Kyriakides supported the inaugural event of the Procedural Law Unit at University of Nicosia School of Law.

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European Commission publishes evaluation report on the General Data Protection Regulation

Information: 01 July 2020

The European Commission (Commission) published on 24 June 2020, just over two years of its entry into application, the first evaluation report on the General Data Protection Regulation (GDPR).

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Police & Judicial Journalism - Legal & Social Impacts

Information: 24 June 2020

The current challenges journalists are facing while conducting police or a judicial reporting, the criminological terminology used, the profile of the "criminal" at the recording of the crime, and how the mentality of journalism will change to address prisoners and ex-prisoners, were discussed in the context of an online event organised by the Association of Prisoners and Ex-Prisoners Rights Protection (the Association).

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International Comparative Legal Guide to: Product Liability 2020

Information: 19 June 2020

Harris Kyriakides LLC contributes the Cyprus chapter in the International Comparative Legal Guide to: Product Liability 2020.

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Amendment of the Finance Leasing Law

Information: 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.

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

Information: 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.

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Supreme Court reinstates procedural timeframes as of June 5, 2020

Information: 04 June 2020

Pursuant to a new Procedural Regulation (no. 2/2020) issued by the Supreme Court on May 13, 2020 and having effect as of June 5, 2020, all procedural timeframes in relation to filings of pleadings or applications or for the performance or processing of any procedural step, are reinstated and the suspension adopted due to the pandemic of Covid-19 is abolished.

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Retrospective submission of a contract of sale

Information: 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.

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Compensations in accident cases in 2019

Information: 01 June 2020

In our Compensations booklet for 2019, you may find a summary of all rulings issued by the Cypriot courts in 2019, in which compensations were awarded for damages resulting from any form of accident.

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Data Processing in the Re-opening of Businesses

Information: 25 May 2020

On May 11, 2020, the UK Information Commissioner’s Office (ICO) published guidance on how employers should handle data in the event they choose to test their employees for COVID-19 on return to work.

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Predictability of criminal liability in relation to restrictions of movements due to COVID-19

Information: 20 May 2020

In light of the coronavirus pandemic, the Cyprus government activated the provisions of an outdated law, providing the Minister of Health with the power to issue decrees determining, inter alia, the ways and reasons Cypriot citizens may commute.

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Criminal indictments and issue arrest warrant against Russian residents

Information: 19 May 2020

The Cyprus Supreme Court confirms the ability to serve criminal indictments and issue arrest warrant against Russian residents for criminal matters.

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Advertising Self-regulation: Promoting Higher Standards for the Advertising Industry

Information: 14 May 2020

Advertising self-regulation is an extremely important practice that incentivizes advertising bodies to hold themselves responsible and remain compliant with the requirements set forth by national legislation.

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Cyprus adopts e-signatures

Information: 13 May 2020

The Deputy Minister to the President for Research, Innovation and Digital Policy, announced the introduction of electronic signatures, digitalising the interaction of citizens with public authorities, pushing Cyprus a step forward to implement the EU digital single market.

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Virtual corporate governance in Cyprus – what Boards of Cyprus companies need to know

Information: 12 May 2020

Amid the ongoing COVID-19 outbreak and its related public health concerns, Cyprus companies will need to consider whether to hold Board meetings or general meetings remotely.

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Blockchain and GDPR: Compliance or Tension?

Information: 07 May 2020

Fundamental aspects of the blockchain technology seem to be incompatible with the data protection regulation. Before its widespread adoption and implementation these aspects shall be considered.

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Technology, Artificial Intelligence and the professions of Lawyer and Judge

Information: 06 May 2020

Our Senior Associate Mrs Eleni Neoptolemou writes on the use of technology and artificial intelligence in the legal world in InBusinessNews.com.

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International Comparative Legal Guide to: Drug & Medical Device Litigation 2020

Information: 05 May 2020

Harris Kyriakides LLC contributes the Cyprus chapter in the International Comparative Legal Guide to: Drug & Medical Device Litigation 2020. The guide provides a practical cross border insight into drug and medical device litigation.

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Competition law allows business co-operation exceptions in response to the COVID-19 crisis

Information: 03 May 2020

We examine the permissibility of cooperation between competitors amid the COVID-19 crisis, in view of the Temporary Framework issued by the European Commission.

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30 April 2020 - Announcement of the Supreme Court

Information: 30 April 2020

In light of the urgent need to take measures to prevent the spread of the Covid-19 coronavirus, and in compliance with the relevant directions that were issued by the Medical Services of the Ministry of Health, the Supreme Court has proceeded to the regulation of the temporary suspension or adjudication and or promotion of a series of cases in all Courts.

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Passenger Rights in the EU amid Covid-19

Information: 29 April 2020

In an effort to mitigate the economic impacts of Covid-19, the European Commission (the Commission) has published guidelines to ensure EU passenger rights- whether they travel by air, bus, rail, ship, or coach, are known to passengers and are applied in a coherent manner across the European Union (the EU).

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Virtual meetings allowed through statutory amendment for Cypriot multi-member governmental boards and bodies

Information: 28 April 2020

The imposition of strict restrictive measures to prevent the spread of coronavirus Covid - 19 highlighted the necessity to fill in the legislative vacuum concerning the possibility to hold a meeting of a collective (multi-member) administrative body through the use of electronic media (teleconferencing).

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Civil Registry and Migration Department made an announcement amid COVID-19

Information: 27 April 2020

Following the decision taken by the Council of Ministers on the operation of the public sector to prevent the spread of virus amid COVID-19 dated 15 March 2020, the Civil Registrar and Migration Department (CRMD) has made an announcement informing that the department shall be operated with a limited number of security personnel to handle emergency cases only.

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Conflicting judicial guidance from the Cyprus Administrative Court concerning the regulation of the operation hours of pharmacies in Cyprus

Information: 22 April 2020

In the course of the last months, two Judges of the Cyprus Administrative Court have issued conflicting decisions concerning the regulation promulgated by the Cyprus Pharmacy Board on the operation hours of pharmacies in Cyprus during the summer period.

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Access of non EU bidders and goods to the Cyprus public procurement market

Information: 15 April 2020

On 24 July 2019 the European Commission issued new guidelines geared towards access of third party nationals and corporations in the EU public procurement area, as part of a package of initiatives aiming to ensure fair competition, high quality and a level playing field in public procurement markets, regardless of origin of bidders.

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The European Green Deal

Information: 15 April 2020

On 11th December 2019 the European Commission presented the European Green Deal to transform the European Union into a fair and prosperous society, with a modern, resource-efficient and competitive economy.

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Cyprus publishes draft legislation for transposing DAC6

Information: 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).

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Suspension of loan installments and interest

Information: 06 April 2020

The escalation of the COVID-19 pandemic and the emergency situation created in the public health sector, which severely harms the citizens and the wider society, has led to concussions in the global and national economy.

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Suspension of payment of the VAT

Information: 02 April 2020

Under the Value Added Tax (Amending) Law of 2020 (L.24(I)/2020), the right of suspension of the obligation of payment of the VAT is conferred to the persons registered in the VAT Registry, whose specified taxation periods end on the 29th of February 2020, the 31st of March 2020 and the 30th of April 2020.

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Suspension of payment of the increased contribution to GESY

Information: 02 April 2020

The House of Representatives has approved on 27/3/2020 the Financial Support Program in response to the financial impact of the coronavirus and in particular the decision for non-payment of the increased contribution to GESY for a period of three months, i.e. April–June. In July, the rates will return to those announced in March 2020.

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COVID-19 and GDPR

Information: 28 March 2020

Governments, public and private organisations throughout Europe are taking measures to try to contain and mitigate COVID-19 and its consequences including processing sensitive personal data. However, they should still keep GDPR and its obligations in mind in the time of COVID-19.

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COVID-19 consequences on the insurance sector

Information: 27 March 2020

The outbreak of coronavirus (COVID- 19) has created a new reality, and its impact cannot be foreseen due to its uniqueness and lack of historical data. This evolving situation developed by coronavirus raises concerns about the impact on global economy, markets’ volatility and the consequences on the insurance sector.

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Measures for the assistance of companies that have sustained consequences due to the Coronavirus (COVID-19) outbreak

Information: 24 March 2020

In the course of the measures taken by the Cyprus Government to support the companies/businesses that are affected by the restricting measures imposed to prevent the spread of the Coronavirus, the Department of Registrar of Companies and Official Receiver (DRCOR) is announcing the following:

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Banking sector measures responding to the coronavirus crisis

Information: 23 March 2020

As the novel coronavirus (COVID-19) outbreak continues to evolve, Cyprus authorities adopted different measures in order to prevent the spread of the coronavirus (COVID-19) and to strengthen the economy. The measures affected, among others banking and other institutions active in the banking sector.

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First Standard Contractual Clauses for Contracts between Controllers and Processors

Information: 20 March 2020

The European Data Protection Board (the EDPB) has been actively cooperating with the National Supervisory Authorities in an effort to implement a more harmonized approach regarding standard contractual clauses (SCCs) for contracts between controllers and processors used internationally.

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Measures taken for the protection of employees and businesses in view of the spread of COVID-19

Information: 19 March 2020

On 15 March 2020, the Council of Ministers held an extraordinary meeting and decided on the measures to be taken for the protection of employees and businesses, in view of the emergency situation created as a result of the spread of coronavirus (COVID-19).

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Impact of the COVID-19 epidemic on public procurements

Information: 19 March 2020

The Treasury of the Republic and Ministry of Finance issued a joint statement on the impact of the COVID-19 epidemic on public procurements.

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Sanctions in Cyprus

Information: 18 March 2020

Our Senior Associate Dr. Panagiotis Tsangaris contributed the Cyprus chapter in the book Sanctions in Europe published by WorldECR.

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Slowdown in the service of governmental authorities

Information: 17 March 2020

In the light of the measures announced by the Cyprus government to curb the spread of the novel coronavirus (COVID-19), the governmental departments of the Republic of Cyprus have issued the following statement.

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Validity of decisions taken by public bodies through conference calls

Information: 17 March 2020

Following the growing coronavirus outbreak which continues to upend life across the globe, face-to-face meetings of the Board of many public bodies and organizations are no longer an option.

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Tax measures applied to support local businesses to overcome the crisis related to the effect of COVID-19

Information: 17 March 2020

The outbreak and rapid spread of the COVID-19 has roiled markets and disrupted business, threatening the global and local economies. In an attempt to support local businesses to overcome the crisis related to the effect of COVID-19, Cyprus Government have announced a number of TAX measures, which are yet to be finalized and submitted for the Parliament’s approval within this week.

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17 March 2020 - Instructions of the Senior Registrar of Limassol District Court

Information: 17 March 2020

Following the measures taken by the Supreme Court, the functions of the Court of Justice are strictly limited only to the procedures subject to exceptions.

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16 March 2020 - Announcement of the Department of Registrar of Companies and Official Receiver on measures to prevent the spread of COVID-19

Information: 17 March 2020

The Department of Registrar of Companies and Official Receiver has announced further measures to prevent the spread of COVID-19.

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16 March 2020 - Announcement of the Supreme Court

Information: 17 March 2020

In light of the need to take measures to prevent the spread of the Covid-19 coronavirus, a meeting of the President and Members of the Supreme Court was held on 16.3.2020 at the Supreme Court, in the presence of the Minister of Justice and Public Order, the Attorney General, and the President of the Cyprus Bar Association.

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16 March 2020 - Migration measures issued by the Ministry of Interior

Information: 17 March 2020

In view of the worldwide spread of COVID-19, which the World Health Organisation has classified as a pandemic, the Cyprus Government has issued a number of migration measures for travellers arriving in the Republic of Cyprus.

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Coexistence Agreements for Trademarks

Information: 13 March 2020

Coexistence agreements can be an easier and cheaper solution to disputes over trademark similarity between parties rather than litigation under appropriate circumstances.

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Our stance on COVID-19

Information: 13 March 2020

As the novel coronavirus (COVID-19) outbreak continues to evolve, we believe that it is important to reassure our valued clients that we are prepared for any contingency.

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Moneyval publishes the Cyprus Risk Assessment of Money Laundering and Terrorist Financing Risks

Information: 28 February 2020

Moneyval published on 12 February 2020 Cyprus’ comprehensive assessment of the effectiveness of anti-money laundering and countering the financing of terrorism (AML/CFT) system and its level of compliance with the Recommendations of the Financial Action Task Force (FATF).

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Casual electronic communications at the workplace concerning business issues

Information: 25 February 2020

Our Data Protection and Cyber Law team discusses a number of legal risks arising from communications at the workplace which do not adhere to proper data and communication policies.

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Processing Activities subject to a Data Protection Impact Assessment

Information: 24 February 2020

Our GDPR team discusses the opinion issued by the European Data Protection Board on the list of processing activities that are subject to a requirement of data protection impact assessment.

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ICLG: Litigation & Dispute Resolution 2020

Information: 18 February 2020

Harris Kyriakides LLC contributes the Cyprus chapter in the International Comparative Legal Guide to: Litigation & Dispute Resolution 2020.

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Cyprus Tax Facts and Figures 2020

Information: 18 February 2020

We are pleased to share our 2020 guide on Cyprus Tax Facts and Figures. This comprehensive and easy-to-use publication is aiming to provide complete, valid and updated information to Cyprus companies and individuals based on the cypriot legislation and tax practices.

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ICLG: Environment & Climate Change Law 2020

Information: 14 February 2020

Harris Kyriakides LLC contributes the Cyprus chapter in the International Comparative Legal Guide to: Environment & Climate Change Law 2020. The guide provides a practical cross border insight into Environment and Climate Change Law.

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Amendments to the legislation for “Trapped buyers”

Information: 04 February 2020

The House of Representatives of the Republic of Cyprus has amended the Transfer and Mortgage of Property Law of 1965 (9/65) (the Law) in 2015, through the introduction of Part VIB of the Law, seeking to protect “Trapped buyers”.

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Contribution in LexisNexis Company and Foreign Investment Law Guide 2020

Information: 03 February 2020

Harris Kyriakides LLC contributes the Cyprus chapter in LexisNexis® Company and Foreign Investment Law Guide’s 2020. The guide showcases a detailed review and analysis on Company & Foreign Investment practices around the world.

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Introducing IFRS 17 on Insurance Contracts

Information: 03 February 2020

IFRS 17 Insurance Contract (International Financial Reporting Standards) is the new accounting standards for insurance contracts. IFRS 17 was introduced on May 2017 by International Accounting Standards Board (IASB) and it is a profound development on setting out a common global accounting standard on measurement, recognition of profit and loss, presentation and disclosure of insurance contracts.

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GC Summit Cyprus 2020

Information: 31 January 2020

On 20 February, the Legal 500 inaugural GC Summit will take place in Cyprus and Harris Kyriakides LLC is delighted to partcipate in the event.

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Amendments to the Rent Control Law

Information: 31 January 2020

On 24 January 2020 the House of Representatives of the Republic of Cyprus has passed an amendment to the Rent Control Law of 1983 (the “Law”) that aims to make the eviction procedure easier and quicker.

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Walder Wyss Transaction Summit

Information: 30 January 2020

Our senior associate, Andrea Newton, attended the Walder Wyss Transaction Summit which took place in Zurich and Engelberg from 23 – 25 of January 2020.

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Extension of the imposition of fees for the late submissions with the Cyprus Registrar of Companies

Information: 30 January 2020

The Cyprus Department of Registrar of Companies and Official Receiver announced on 18th December 2019, that the imposition of a charge on the late submission of forms, as set out in the Companies Law, is postponed from the 18th December 2019 until the 21st April 2020.

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The Cypriot Civil Procedure and the Need for a Review

Information: 27 January 2020

Last week, the partner of our firm Dr Nicolas Kyriakides, participated in a panel discussion at the event organised by the @LarnacaandFamagustaBarAssociation and the @larnacabarassociation on the occasion of the publication of the book Despina Hadjidimitri-Kara with title “Lectures on Civil Procedure”.

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Contribution on Cyprus Review Journal

Information: 21 January 2020

A recent article of Dr Nicolas Kyriakides’, partner at Harris Kyriakides, with title ‘Cyprus Civil Justice System Reform: Developing a National Identity’, has been published in the Cyprus Review.

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The GDPR: new opportunities, new obligations

Information: 10 January 2020

What every business needs to know about the EU's General Data Protection regulation.

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The Cyprus Commission for the Protection of Competition rejects allegations of abuse of dominance

Information: 20 December 2019

The Cyprus Commission for the Protection of Competition rejected allegations of abuse of dominance regarding an exclusive dealing agreement for the supply of hairdressing salon products. Our Senior Associate Dr. Panagiotis Tsangaris comments on the decision in Concurrences.

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Elpida Project

Information: 16 December 2019

We were delighted to advise pro bono the Larnaca Tourism Board in the Elpida Project.

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The Outcome of the Assessment in GDPR Compliance in the Public Sector

Information: 16 December 2019

On October 11th, 2019, the Commissioner for personal data protection announced the results of an assessment conducted on the level of compliance with the provisions of the Regulation (EU) 2016/679 and the Law 125(I)/2018 in the Public Sector.

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Recent Case law by the Cyprus Administrative Court on Stay of Enforcement of an Administrative Act

Information: 02 December 2019

The party who is affected by an administrative act can seek temporary protection from the Administrative Court through an application for provisional injunction to stay the enforcement of that administrative act until the Administrative Court decides the lawfulness of the said administrative act.

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H.EL.M.E.T. comes to life

Information: 13 November 2019

A great and inspiring event hosted by PreventionatSea at Radisson Blu Hotel, Larnaca.

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Harris Kyriakides LLC is Recognised at Benchmark Litigation Europe 2020

Information: 24 October 2019

We are pleased to announce that Harris Kyriakides has been recommended amongst the top firms in Dispute Resolution.

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Harris Kyriakides LLC is recommended in the 2020 edition of IFLR 1000

Information: 22 October 2019

We are delighted for being a recommended firm in Financial and Corporate matters in the IFLR 1000 2020 edition, based on their independent research with clients.

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Radisson Blu International Larnaca Marathon

Information: 23 September 2019

Harris Kyriakides LLC is the official legal advisor of the biggest sporting event in Larnaca and professionally supports the Radisson Blu International Larnaca Marathon.

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Amendments to the Cyprus Citizenship Programme

Information: 20 September 2019

On 25 July 2019 the Council of Ministers has decided a number of amendments to the Cyprus Citizenship Programme, which aims to exclude politically exposed persons from the right to apply for the acquisition of the Cyprus citizenship.

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GDPR violation concerning consent declarations

Information: 16 September 2019

On 30th July 2019 the Greek Data Protection Authority has published an important decision on consent declarations concerning the processing of employees’ data. Our GDPR discusses the guidance issued by the Greek Data Protection Authority and its possible ramifications for Cyprus businesses.

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Registered Alternative Investment Funds

Information: 16 September 2019

On 31 July 2018, the Cyprus Parliament enacted Law 124(I)/2018 Alternative Investments Funds Law of Cyprus (the AIF law) which allowed for the establishment of a new investment vehicle called Registered Alternative Investment Funds (RAIF).

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Administrative Arrangements under GDPR

Information: 12 September 2019

On 12 February 2019, the European Data Protection Board (EDPB) adopted its first opinion (the Opinion) on an administrative arrangement, which provides a new mechanism for the transfer of personal data between European Union (EU) financial supervisory authorities and securities agencies and their non-EU counterparts.

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How to prevent cross-border parental child abduction

Information: 11 September 2019

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Cross border succession issues in Cyprus under the EU Succession Regulation

Information: 11 September 2019

The EU Succession Regulation (EU Regulation 650/2012, also known as the Brussels IV) governs cross-border issues of succession within the European Union.

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Succession in Cyprus: A summary

Information: 11 September 2019

Succession in Cyprus is governed by two main pieces of national legislation, namely the Wills and Succession Law (Cap. 195) and of the Administration of Deceased’s Estate Law (Cap. 189). In addition, as a member of the European Union, Cyprus applies European law on succession matters, such as the EU Succession Regulation (650/2012).

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Sovereign Immunity 2019 - Cyprus

Information: 28 August 2019

Institutions are occasionally prohibited from suing sovereign governments without their consent on the basis of the soverign immunity doctrine. Harris Kyriakides LLC summarises the Cyprus position on the matter in the 2019 Sovereign Immunity edition of #Lexology. You can read the Cyprus chapter here.

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Results of the General Data Protection Regulation

Information: 09 August 2019

A report published by the European Commission on the General Data Protection Regulation which is adopted with a common EU approach to the protection of personal data, directly applicable in the Member-States shows that it has achieved many of its objectives but needs more work.

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Legal trends on Cyprus real estate – an insight

Information: 05 August 2019

Andrea Newton from our Real Estate Practice is interviewed by Lawyers in Cyprus and provides an insight on Real estate developments and trends 2019.

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Summer Internship Experience 2019

Information: 01 August 2019

We were delighted to welcome the Summer 2019 internship class at our head offices in Larnaca.

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The implications of Brexit on Cyprus law

Information: 22 July 2019

The United Kingdom is currently in the process of exiting the European Union through an unprecedented, extensive and uncertain procedure. We touch upon the key areas of Cyprus law which may be affected from the UK withdrawal from the European Union.

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Cyprus Regulates Official Translations

Information: 11 July 2019

Cyprus has enacted a new law on the Registration and Regulation of the Services of Sworn Translators, which establishes the Registry of Sworn Translators and regulates official translations and related certifications.

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Compensations in accident cases

Information: 08 July 2019

In the Compensations booklet below, you may find a summary of all rulings issued by the Cypriot courts in 2018, in which compensations were awarded for damages resulting from any form of accident. The purpose of this report is to give an indication of the amount of compensation given for various accident cases.

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Trainee Programme 2019-2020

Information: 02 July 2019

We welcome applications from talented, highly motivated and committed graduates who are seeking an excellent working environment, challenging experiences and opportunities by joining our 2019-2020 trainee programme.

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Interplay Between the ePrivacy Directive and the GDPR

Information: 01 July 2019

The European Data Protection Board published an opinion on the interplay between the EU Directive on Privacy and Electronic Communications and the General Data Protection Regulation to generally clarify whether the processing of personal data triggers the material scope of both the GDPR and the ePrivacy Directive.

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Recent judgment of the European Court of Justice regarding the framework decision on the EAW

Information: 28 June 2019

The European Court of Justice delivered a judgment to clarify the question of defining judicial authority competent to issue a European Arrest Warrant, and ruled on the sufficient guarantee of independence required to be regarded as such under EU law.

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Guidance on Protection of Non-personal Data

Information: 25 June 2019

The European Commission has published a guidance to help to clarify the interaction between two sets of rules for free flow of personal and non-personal data as well as mixed data sets.

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Students’ Open Day

Information: 25 June 2019

A big thank you to everyone who came to the Students' Open Day in our Head Offices in Larnaca. It was a pleasure having you here, and hope you enjoyed your visit.

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Report of the Personal Data Protection Commissioner for the Insurance Sector

Information: 24 June 2019

Following an audit carried out in the insurance sector, the Commissioner for Personal Data Protection (the Commissioner) published her findings about the improvements to be made and accomplished before the end of June.

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Simplified Online Tools for Companies

Information: 24 June 2019

Recent European legislation makes it easier and cheaper to set up a company as well as registering branches or filing documents, especially in cross border operations.

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Business Insolvency Directive – A second chance for involvent but honest businesses

Information: 12 June 2019

Recent European legislation is giving reputable bankrupt entrepreneurs a second chance and makes it easier for viable enterprises in financial difficulties to access preventive restructuring frameworks at an early stage to prevent insolvency.

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Summer Internship Programme Partner for 2019

Information: 27 May 2019

It is our great pleasure to receive the Internship Office partner logo for 2019 by the University of Oxford.

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Proposal regarding the Motor Insurance Directive

Information: 13 May 2019

The proposal, as submitted by the Commission, seeks to amend the Motor Insurance Directive (2009/103/EC) in five specific areas: (i) insolvency of the insurer; (ii) claims history; (iii) risks due to uninsured driving; (iv) minimum amounts of cover; and (v) scope of the Directive.

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News Alert – Citizenship

Information: 13 May 2019

The Ministry of Interior has published the decision of the Council of Ministers that was taken during its previous meeting and concerns a clarification on the Cyprus Investment Programme.

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Electronic direct marketing and the issues arising from GDPR and the e-Privacy Directive

Information: 13 May 2019

Companies are increasingly using marketing to promote their products and services not only to their existing customers but also to potential ones. This is the purpose of the electronic marketing, to target individuals using digital methods, such as text messages or emails.

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New developments on global cartel legislation.

Information: 08 May 2019

Our competition team covers the Cyprus Chapter on #TheLegal500 Cartels.

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Cyprus Supreme Court approves use of independent IT

Information: 02 May 2019

On 14 November 2018, the Supreme Court of Cyprus issued its decision in Metaquotes software ltd v xxxxx Dababou Civil Appeal No. E234/2016.

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MaRITeC-X

Information: 25 April 2019

The Marine and Maritime Research, Innovation, Technology Centre of Excellence (MaRITeC-X) consortium

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Harris Kyriakides LLC is recommended at the 2019 edition of The Legal 500 Europe, Middle East and Africa

Information: 18 April 2019

We are proud for being recommended by The Legal 500 in Dispute Resolution, EU and competition and Real estate and Construction.

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Gold Standard Internship Host Award

Information: 17 April 2019

Harris Kyriakides LLC was awarded with a Gold Standard Internship Host Award by The University of Oxford. The Internship Office of the University of Oxford honored our firm for the support.

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Recent Important Rulings of the Administrative Court of Cyprus

Information: 15 April 2019

Every organised society is governed by a set of rules of law, that its members are bound to follow. At the same time, given that our legal system follows the rules of common law.

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The 60-days tax Residency Rules for Individuals

Information: 10 April 2019

On 14 July 2017 the Cyprus parliament voted for a Cyprus tax law amendment to also provide that an individual can be a Tax Resident of Cyprus even if he/she spends less that 183 days in the Republic.