The EU has approved six packages of sanctions in response to Russia's unprecedented and unprovoked military offense against Ukraine. The measures are aimed at limiting the Kremlin's ability to finance the war and cause clear economic and political costs to Russia and to Russian individuals who are connected to the regime.
Harris Kyriakides is pleased to announce our collaboration with University of Oxford and Oxford University Careers Service for the ninth consecutive year, offering summer internships to Oxford University law students in Cyprus.
On 23 February 2022, the European Commission published its proposal for a directive on corporate sustainability due diligence (the Proposal), aiming to apply cross-sectoral mandatory obligations on companies to implement robust processes to manage human rights, governance and environment risks within their own business and value chains.
The European Commission has published Questions and Answers (Q&A) on standard contractual clauses for data transfers under the Regulation 2016/679, (General Data Protection Regulation- GDPR).
The Hellenic Data Protection Authority (the Authority) supervises the application of the General Data Protection Regulation (GDPR) as well as other relevant laws and regulations concerning the protection of individuals from the processing of personal data in Greece.
The 4-year anniversary of the GDPR Regulation (EU) 2016/679, a short overview from the Office of the Cyprus Commissioner for Personal Data Protection.
As of today, June 1st, 2022, the Department of Registrar of Companies and Intellectual Property of the Ministry of Energy, Commerce and Industry in Cyprus has allowed access to the general public on the Register of Ultimate Beneficial Owners (UBOs) of Cyprus companies.
Following a recent amendment of the Law an Insurer may no longer be able to avoid satisfying a Court Judgments concerning third-party motor claim, regardless of whether an Insurance Policy was issued because of material non-disclosure and/or false statements.
In the Pre – Brexit world European Insurers dealing with UK parties could rely on Regulation (EU) No 1215/2012 setting out the legal framework on jurisdiction and the recognition and enforcement of judgments in civil and commercial matters (Brussels Recast Regulation).
This article briefly describes the arrangements made by financial institutions in the Republic of Cyprus to facilitate the opening of bank accounts for seafarers affected by the conflict between Ukraine and Russia.
The amended Bill of The Purchase and Sale of Credit Facilities and Related Matters (Amended) Law of 2021 (“the Bill”) was drafted, in order to establish the creation of a framework and supervision of credit facility acquiring companies.
EU sanctions are enacted as Regulations (for Russia, e.g. Council Regulation (EU) 269/2014, Council Regulation (EU) 833/2014, both as amended), having immediate effect in all member states as soon as they are published in the Official Journal of the EU.
CASPs must register with CySEC in order to be able to provide encryption exchange services within the regulatory framework.
Cyprus Courts issue their first judgment awarding civil law damages for breach of competition laws.
In an effort to facilitate effective waste management and enhance environmental protection, Cyprus has adopted legislation that implements the Extended Producer Responsibility Principle, regulating the assumption of responsibility by importers and manufacturers of selected products for financing and implementing the necessary infrastructure that would enable consumers to return a product when it becomes a waste.
Once a European patent is granted and published, the patent owner needs to take steps so as to validate the patent in each of the designated EU Member States within a specific time limit.
The electronic registration system (iJustice) has been fully implemented since 1st February, 2022, which marks an important step in the process of quality upgrade of the country's justice system.
In a recent decision issued in the context of an application for interim orders (the application), handled by our law firm, the court came up to very important findings regarding the residual powers of the directors of a company in receivership.
European legislative proposals to decarbonise the EU gas market and to ensure energy security for all citizens in Europe intended to facilitate a shift into renewable energy.
This article briefly sets out general overview of the fines imposed for GDPR violations in 2021 and how they increased compared to 2020.
This article focuses on the approach followed by the courts in Cyprus in instances where borrowers allege that they did not know the Greek language, and thus were not able to understand the terms of the loan agreement.
The Office of the Cyprus Registrar for State Aid has announced the inauguration of the Cyprus Central State Aid and De Minimis Registry.
The Larnaca District Court issued a decision in lawsuit no. 589/13, in which amongst others, the Court dealt with allegations of the existence of abusive clauses in the disputed loan agreement as it involved a loan in Swiss Francs.
A legislative proposal was submitted to the Parliament to lengthen the statutory deadline which protects trapped buyers.
The European legislation on waste electrical and electronic equipment, packaging and batteries has been transposed into Cypriot law and it deals with entities generating such hazardous waste in Cyprus.
Directives issued by the European Union are legislative acts which guide the Member States to act in a particular way in order to achieve a uniform result.
In many legal systems, Motor Third Party Liability Insurance (“MTPL”) is not an optional choice, but, on the contrary obligatory, and its main purpose is to ensure that innocent third parties involved in car accidents have access to adequate compensation.
The Rent Control (Temporary Provisions) (Amendment) (No. 3) Law of 2020, was ruled as unconstitutional by the Supreme Court following its referral by the President of the Republic of Cyprus.
In June of 2019, the European Union adopted a directive that targets the limitation of single-use plastics (SUPs) and marine litter. Two years later, Cyprus has yet to implement the Directive into national law.
The French Competition Authority fined the tech giant Google with a whopping € 500 million fine for not abiding by one of its decisions.
This article briefly examines what businesses can and should do to prevent cyberattacks and sufficiently limit their damages from cyberattacks and ensure GDPR compliance.
On 13 September 2021, the provisions of the Social Insurance (Contributions) (Amending) Regulations of 2017 (the Provisions), entered into force by a decision of the Council of Ministers.
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.
The European Data Protection Board recently issued guidelines regarding requirements of Virtual Voice Assistants (VVA) to be GDPR compliant (the Guidelines).
On 10 June 2021 the European Banking Authority (EBA) published its revised Guidelines on major incident reporting under the Payment Service Directive (PSD2).
The ‘Ever Given’, the containership that blocked the Suez Canal in March 2021, is now finally on its way after being detained for over 3 months. However, legal issues in relation to the incident are expected to drag on.
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’.
This article briefly examines legal opportunities for the protection of trade secrets against their unlawful acquisition, use and disclosure in Cyprus.
The EU Enforcement Atlas Project is a project funded by the European Commission and initiated by the Centre of European Constitutional Law (Athens, Greece) and the European Union International of the Judicial Officers (UIHJ), aiming to provide information on enforcement procedures in the EU member states.
A recent report published by the World Bank advised against investment in LNG, branding its role in shipping decarbonisation as limited. LNG provides ready solutions to existing IMO emissions regulations and features several advocates.
In December 2020 Cyprus launched an unsuccessful tender for re-establishment of the Cyprus/Greece ferry connection. A new tender on more viable terms is on the cards, which could further address concerns raised by the Larnaca authorities.
In a recent judgment of the Cyprus Supreme Court in Centaur Trust Group Ltd and xxx Papaprodromou, Civil Application No. 109/2021, the Court affirmed the jurisdiction of the Cyprus Courts to issue search orders (Anton Piller orders) in aid of winding up petitions of Cyprus companies based on oppression on the minority or on just and equitable grounds.
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.
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.
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.
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.
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.
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.
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.
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.
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.
A team of lawyers who specialise on insurance law have established a union, under the name of Forum of Insurance Lawyers – FIL.
This article briefly describes if and how Brexit has impacted the recognition and enforcement of UK judgements in Cyprus.
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.
Cyberattacks bear risk for shipping companies in terms of contractual liability, third party liability, and regulator violations.
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.
The free movement of families within the European Union has brought the need for ways of enforcing maintenance payments across international borders into focus.
The much-expected UK whiplash reforms introduce a new procedure for claims concerning soft tissue injuries from Road Traffic Accidents (RTAs).
UK Supreme Court overturned a Court of Appeal and Admiralty Court judgment involving collision outside a narrow channel.
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).
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.
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.
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.
The Quincecare duty is applied in United Kingdom since case Barclays Bank plc v Quincecare  4 All ER 363, issued back in 1992.
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
CySEC has published circular C417, which is addressed to Cyprus Investment Firms, and contains guidance on investment in crypto-assets.
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.
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).
On November 26, 2020, Belgian Data Protection Authority (DPA) and DNS Belgium, the organization managing the “.be” domain, signed a cooperation agreement.
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.
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.
On 17.12.2020, the Parliament adopted the amendment of the Transfer and Mortgage of Property.
IMO 2020 introduced a 0.5% Sulphur cap on bunkers to ships operating outside Emission Control Areas.
The 2009 Motor Insurance Directive is paramount for materialising the fundamental right of freedom of movement for European citizens across the EU.