In July 2024, the European Securities and Markets Authority (ESMA) released a consultation paper detailing proposed Regulatory Technical Standards (RTS) on Liquidity Management Tools (LMTs) under the Alternative Investment Fund Managers Directive (AIFMD) and the Undertakings for Collective Investment in Transferable Securities (UCITS) Directive. This initiative aims to enhance the resilience of investment funds during...Read More

In June 2024, the Cyprus Court of Appeal issued a pivotal ruling that has profound implications for ‘trapped buyers’—individuals who, despite fulfilling their contractual obligations, have been unable to obtain title deeds for properties due to developers’ outstanding mortgages. This decision scrutinizes the constitutionality of the 2015 “Trapped Buyers Law,” which was enacted to address...Read More