Need for a Regulatory Framework Litigation funding, is a mechanism by which a third-party provides financial support to a plaintiff or a law firm for a legal dispute in exchange for a portion of the settlement or judgment award. In other words, litigation funding is an agreement between a funder and a litigant or a…
The FTX bankruptcy filings caused a chain reaction across regulators and supervisory bodies across the globe, with Cyprus being no exception. On 11/11/2022 the Cyprus Securities and Exchange Commission (CySEC) announced that the license of the Cyprus Investment Firm FTX (EU) Ltd with number 273/15, is suspended in whole, due to suspicions of alleged violations…
After years of debates, Cyprus initiated the total and comprehensive reform of its Court System in an effort combining shortening the time of litigation (first and second instance) and becoming a competitive if not unique, low-cost, specialised, common-law forum of adjudicating disputes. Recently the government of Cyprus submitted several bills of laws to the House…
Του Χρίστου Ο. Ιωαννίδη Το άρθρο δημοσιεύτηκε στην εφημερίδα “Η ΚΑΘΗΜΕΡΙΝΗ” στις 21/05/2019 Στα πλαίσια της Κυπριακής Συνταγματικής τάξης όσο και στα πλαίσια του κοινοδικαίου έχει αναγνωριστεί γενικά η υποχρέωση στις ανακριτικές αρχές να διεξάγουν την ανακριτική διαδικασία κατά τρόπο δίκαιο, διαφανή και ορθό, απαλλαγμένο από ενστάσιμα στοιχεία, όπως η προκατάληψη, τα αλλότρια κίνητρα κλπ.…
Contributed by Christos O. Ioannides According to the Cyprus Betting Law 2012 electronic betting services are only to be provided by a person who holds a Class B bookmaker’s licence, issued following the submission of a relevant application to the National Betting Authority (henceforth the ‘Authority’). This licence authorises the provision of the electronic betting…
Contributed by Christos O. Ioannides It should be remembered that when the Cyprus Betting Law of 2012 entered into force the then newly established National Betting Authority (‘Authority’) only examined what were termed Class A licence applications – namely, physical on premises betting services applications. In October 2016 the Authority published the respective regulations for…
Vlaemminck & Partners BV BVBA operating under the brand name of PharumLegal and Angelides, Ioannides Leonidou LLC – LLPO Law Firm, (acting as the legal experts of the KPMG Ltd led advisory team, also including, QLot Consulting AB and J&E Davy Holdings Limited) have been selected by the Ministry of Finance of Cyprus and the…
One of LLPO Law Firm’s partners, Mr. Christos Ioannides, will be presenting at Financial Crime & Forensic Investigations Conference at Hilton Park Hotel in Nicosia, on Tuesday 1st December 2015. Christos will be hosting the subject ‘Defence Strategies in Financial Crime Prosecution’. His presentation will be concentrated on the following topics: Adversarial Legal System and…
According to the Ministry of Education and Culture of the Republic of Cyprus, it was and it still is the official governmental policy and aim to establish Cyprus as a regional educational and research centre, which will attract international scholars and students. Higher education in Cyprus consists of public and private institutions of university and…
Following the enactment of the new Betting Law 2012, the newly formed National Betting Agency, approved and published the application forms for a Class A Betting Services License. The forms include the Class A Operator application form, the Class A representative application form and the Class A Authorised Premises application form. It is reminded that…
When it comes to law and regulation the common belief is that strict regulation (sometimes a full ban) yields better results. Such a popular belief is transposed in many restrictive laws in Cyprus like gaming bans, drugs bans and firearms strict regulation. One of such beliefs which is also relevant to the recent mind-numbing killings…
Since the birth of the Republic of Cyprus in 1960, Cyprus legislation has prohibited the engagement in games of chance or chance and skill for money or monetary return. Since 1960, Cyprus gambling legislation has had 6 amendments, the last taking place in 2006. Despite the provisions of the recently adopted and well publicised Betting…
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