The recent procedural rules of the Supreme Court provide for a change in the application process for a grant of permission. A request for a grant of permission to the Supreme Court is made when a party to a case, after the case has been heard in the First Instance Court and the Court of...Read More

Starting March 15, 2024, new legal provisions apply to the conversion of Cyprus companies to companies in EU Member States, and vice versa. This follows the amendment of the Companies Law (No.3) of 2024 (Law 26(I)/2024), which incorporates Directive (EU) 2019/2121 (the “Mobility Directive”) into domestic law. The directive amends Directive (EU) 2017/1132 concerning cross-border...Read More

The 2012 amendments to the International Trusts Law 69(I)/92 have made Cyprus an appealing jurisdiction for setting up International Trusts. A trust is a legal arrangement wherein the settlor, who is the owner of the asset, transfers the title to the asset to another person, the trustee. The trustee is then obliged to manage the...Read More

On May 24, 2024, the Council completed the final step in the EU decision-making process, formally adopting the Corporate Sustainability Due Diligence Directive (CSDDD) that was proposed by the European Commission in February 2022. This landmark directive imposes new obligations on large companies, with over 1,000 employees and a net turnover exceeding €450 million, affecting their own...Read More