Litigation Funding in Cyprus
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.
Cyprus and the FTX collapse – Safeguarding of Clients’ Funds
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…
Judicial Reform – The New Cyprus Court System
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…
Η Ποιοτητα του ανακριτικου εργου και δικαια δικη
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.…
Electronic betting in Cyprus: Applications and licensing
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…
Cyprus’ draft Betting Law of 2017 set for enactment
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…
LLPO Law Firm to advise the Government regarding the privatisation of the Cyprus National Lottery
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…
Financial Crime & Forensic Investigations Conference
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…
Economic Growth and the case of Universities and Colleges in Cyprus
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…
Requirements and Procedure for a Class A Betting Services License
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…