Can a “Reverse Merger” Be Made Under Cyprus Law?
The term “reverse merger” refers to a reorganisation whereby a subsidiary company absorbs the assets and liabilities of its parent holding company.
Update on Public Access to Ultimate Beneficial Owners (UBOs) Register
In light of the recent Judgement of the Court of Justice of the European Union (CJEE) in joined cases C-37/20 and C-601/20, of November 22, 2022, access to the Register of Beneficial Owners for the general public was suspended as of the 23rd of November 2022.
Strike Off of a Cyprus Company
Under Cap. 113, the Registrar of Companies may remove from the Register any company which appears not to be doing business and is not operation.
Merger or Liquidation? Practical comparison under Cyprus Law
We are often approached by clients who wish to simplify their corporate structures, with the question whether it is best to opt for a merger between their group companies, or the liquidation of companies which no longer they wish to keep alive.
Οι Αντιπροσωπευτικές Αγωγές και η προστασία συλλογικών συμφερόντων των καταναλωτών
Στο παρόν στάδιο δεν έχει θεσπιστεί κυπριακή νομοθεσία που να επιτρέπει την προώθηση αγωγών αποζημίωσης προς όφελος καταναλωτών στα πλαίσια της νέας οδηγίας (ΕΕ) 2020/1828.
Sale of Immovable Property
The Parliament has passed a new law levying on a 0.4% tax on all sales of immovable properties. The imposition of this levy is intended to serve humanitarian purposes by supporting Greek -Cypriot refugees.
EU Level Legislation on ESG and Sustainable Financing
Entered into force in late 2019, the amended Benchmark Regulation established the EU Climate Transition Benchmarks, EU Paris-aligned Benchmarks and sustainability-associated disclosures for benchmarks.
What is ESG Investing?
It is subjective and highly debatable what elements comprise environmental, social or governance factors, yet the investment community has coined the term as they generally acknowledged a broad definition of ESG Investing as non-financial dimensions of a security’s valuation, performance, and risk profile.
A Brief Guide to Shareholders’ Agreements
A shareholders’ agreement is a private agreement between shareholders which determines the manner in which shareholders exercise their rights with respect to the shares in the company or the rights attached to the shares in the company.
The Advantages of Setting Up an Electronic Money Institution
An Electronic Money Institution (EMI) is a market participant licensed by the Central Bank of Cyprus, which has the right to issue electronic money. Electronic money is pre-paid monetary value issued into circulation by an electronic money institution, held on electronic devices, which can be used for payment purposes. An EMI may also perform money…