Read the article in Greek Directors are responsible for maintaining the company’s accounting books and records in accordance with applicable accounting standards and laws governing the country where the company is registered. The maintenance of accounting books primarily involves recording and categorizing a company’s financial transactions, such as purchases, sales, payments, and receipts. Maintaining a…
Read the article in English Οι διευθυντές είναι υπεύθυνοι για την τήρηση των λογιστικών βιβλίων και αρχείων της εταιρείας σύμφωνα με τους ισχύοντες λογιστικούς κανόνες και τους νόμους που διέπουν τη χώρα όπου είναι εγγεγραμμένη η εταιρεία. Η τήρηση των λογιστικών βιβλίων κυρίως περιλαμβάνει την καταγραφή και την ταξινόμηση των οικονομικών συναλλαγών μιας εταιρείας, όπως…
Introduction In the dynamic corporate world, businesses are constantly exploring strategic options to expand their operations and enhance market competitiveness. A reverse takeover (RTO) has emerged as an alternative approach for companies to achieve public listing without undergoing the traditional initial public offering (IPO) process. This article provides an overview of reverse takeovers, specifically focusing…
On June 30, 2023, an amendment to the income tax law was published in the Government Gazette, specifically addressing the 50% exemption of employment remuneration under Article 8(23A). The amendments are as follows: The requirement for non-tax residency of the individual has been extended from 10 consecutive years to at least 15 consecutive years immediately…
The Markets in Crypto-Assets Regulation The EU Council which represents all 27 EU member states, has unanimously approved earlier this month the Markets in Crypto-Assets Regulation (MiCA). MiCA introduces a harmonised crypto-assets regulatory framework, according to which persons dealing with crypto-assets, must operate in the whole of the EU and the EEA. In a nutshell,…
What is a Trademark? A Trademark is type of Intellectual Property Right that consists of a recognisable symbol, logo, name or design used to distinguish a company’s product or services from those of this competitor. It serves as an asset to a business, as it legally protects the company’s reputation and brand image. With a…
Cyprus companies are frequently parties to financing transactions either as borrowers or guarantors. For this reason, it is often the case that the shares in the share capital of such Cyprus companies are being placed as security to secure the loan obligations. Shares in Cyprus companies can be encumbered either by a charge or a…
In late 2020, the US Securities and Exchange Commission (SEC) charged Ripple, a San Francisco-based company that offers a cross-border payment infrastructure, and two of its executives, with conducting an unregistered securities offering of $1.3bn by selling their cryptocurrency XRP. Now, after over two years of legal conflict, a verdict is very soon awaited from…
The term “reverse merger” refers to a reorganisation whereby a subsidiary company absorbs the assets and liabilities of its parent holding company. With the approval of the merger, the parent company is being dissolved without being placed into liquidation and the subsidiary company continues to exist with direct shareholders, the persons who previously held the…
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. According to the above-mentioned Judgement of the CJEE, Article 1,…