In the complex interplay of politics and power, lobbying stands as a critical, yet often misunderstood, mechanism shaping legislation and reform across the globe. From the halls of the European Union, where financial lobbyists have influenced policies following major crises, to the pioneering transparency efforts in Cyprus with entities like Zenox Public Affairs, lobbying serves as a powerful tool for legislative transformation and civic education.
On 8 February 2024, the European Commission adopted a revised Market Definition Notice, reflecting new market realities and developments in the Commission’s case practice and EU case law.
In an effort to protect the interests of purchasers of immovable property, the amended Sale of Land (Specific Performance) Law (132(I)/2023) (the Law) came into force on 12 December 2023. Essentially, the Law simplifies the procedure for specific performance, ensuring that the upon fulfilling their contractual obligations, the property will be transferred to the purchaser.
The President of the Republic of Cyprus, announced on 21 February 2024, the decision of the Council of Ministers to abolish the annual levy of Euro 350, which was payable by all companies registered in Cyprus to the Registrar of Companies.
Following the strategic update by the European Insurance and Occupational Pensions Authority (EIOPA) regarding the Supervisory Convergence Plan for 2024, it is important to reflect on the impact of the Insurance Distribution Directive (IDD).
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