Electronic Money Institutions: Licensing & Passporting Rights in Cyprus
Cyprus has established itself as a reputable European Union (EU) jurisdiction, making it an attractive location for Electronic Money Institutions (EMIs).
Listing of Green Bonds in the Emerging Companies Market (ECM) of the Cyprus Stock Exchange (CSE)
Listing of Green Bonds on the Emerging Companies Market (ECM) of the Cyprus Stock Exchange (CSE) is drawing significant interest from companies and investors alike.
Greenwashing in the Fund Industry
Sustainability has gained significant traction across various industries, including finance. With growing concerns about climate crisis and environmental degradation, investors are increasingly seeking opportunities to support companies and funds that align with their values.
EFAMA’S 2023 Fact Book Reveals European Fund Industry Trends
On June 13, 2023, European Fund and Asset Management Association (EFAMA) published the 21st edition of the Fact Book.
Evolving Sustainability Regulations. A Key Strategic Priority
The Corporate Sustainability Reporting Directive (CSRD), effective from January 5, 2023, enhances the rules governing the disclosure of social and environmental information by entities.
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.
Removal of Liquidator in Creditors’ Voluntary Liquidation
Possibility to remove current liquidator and possibility to appoint an additional liquidator in the procedure of creditor’s voluntary liquidation. Based on Section 277 of the Cyprus Companies Law, Cap.113, the creditors and the company at their respective meetings may nominate a person to be liquidator for the purpose of winding up the affairs and distributing…
When Creditors’ Voluntary Liquidation is Appropriate
A company may enter into the procedure of the voluntary liquidation by its creditors when it cannot pay its debts. This procedure’s objectives are the distribution of the insolvent company’s assets between its creditors and the company’s dissolution. The directors of the insolvent company shall prepare a statement of their position on the company’s affairs,…
Re-Domiciliation Out of Cyprus
Procedure of re-domiciliation of a Cyprus Company out of the Republic of Cyprus. Application for re-domiciliation abroad A Cyprus company registered under the provisions of the Companies Law, Cap. 113 may apply to a foreign country to be registered and continue its existence under that legal regime provided that the following has been obtained: (a)…