On the 25th February 2023 the European Council adopted the 10th package of sanctions against Russia. The package contains new listings plus trade and financial sanctions, including further export bans worth more than €11 billion, depriving the Russian economy of critical tech and industrial goods. It also steps up enforcement and anti-circumvention measures, including a…
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 law governing companies incorporated in Cyprus is the Companies Law Cap 113 (the “Companies Law”), which covers…
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…
Q&A guide to private mergers and acquisitions law in Cyprus The Q&A gives an overview of key issues including corporate entities and acquisition methods, preliminary agreements, main documents, warranties and indemnities, acquisition financing, signing and closing, tax, employees, pensions, competition, and environmental issues. Private Mergers and Acquisitions in Cyprus: Overview Read the complete guide here……
Background The Emerging Companies Market (ECM) is the unregulated market of the Cyprus Stock Exchange (CSE). The ECM’s concept is similar to the Alternative Investments Market (AIM) of the London Stock Exchange (LSE). Companies which are wishing to list their securities such as shares and bonds on the ECM are not required to comply with…
The Cyprus International Trust (CIT) can be employed in commercial and business transactions but also as a vehicle for charitable and other purposes. Examples of usage include CIT’s being used as vehicles for: The management of funds: Investment Trust Funds, Credit Institutions, Banks etc. may, through the use of a CIT and a Cyprus International…