Drafted by the Department of Lands and Surveys and the Commissioner for Legislation the draft bill for the management of jointly owned buildings aims in solving management, maintenance, and operation issues of communal buildings. The first important change is the expansion of the bill’s application. The draft bill aims to expand the general scope of...Read More

Cyprus Asset Management Company Ltd (KEDIPES) is delivering a last-resort solution to defaulted borrowers in an effort to rescue thousands of borrowers in distress. KEDIPES has estimated that this plan will benefit borrowers of 800 residences. The plan will be managed by a subsidiary company established by KEPIDES. With this scheme, the government aims to...Read More