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Our Managing Partner Alexandra Pelaghias-Christodoulou interview with “Gold” the biggest Business Magazine of Cyprus

Our Managing Partner Alexandra Pelaghias-Christodoulou was recently interviewed by "Gold", the biggest Business Magazine of Cyprus for the August issue dedicated to the leading Law Firms of Cyprus. It included a cover story on successful women in the industry. Alexandra was chosen as one of the leading women lawyers in Cyprus. Read full interview...

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Ευθύνη Ιδιοκτήτη Οχήματος

Είναι σύνηθες το  φαινόμενο, ο ιδιοκτήτης οχήματος να παραχωρεί την χρήση του οχήματος  του είτε περιστασιακά είτε επί μονίμου βάσεως σε τρίτα συγγενικά ή φιλικά του πρόσωπα τα οποία βέβαια έχει μεριμνήσει να καταστήσει εξουσιοδοτημένους  οδηγούς και συνακόλουθα να ισχύει και για αυτά τα πρόσωπα  η απαιτούμενη εκ του Νόμου ασφαλιστική κάλυψη από την Ασφαλιστική εταιρεία της επιλογής του, εις περίπτωση ατυχήματος. Είναι όμως αυτό αρκετό; Υπάρχει ευθύνη του Ιδιοκτήτη Οχήματος όταν αυτό ευρίσκεται στην κατοχή τρίτου προσώπου το οποίο είναι εξουσιοδοτημένος οδηγός δυνάμει του ασφαλιστήριου συμβολαίου, όταν το όχημα οδηγηθεί από άλλο πρόσωπο το οποίο δεν είναι εξουσιοδοτημένος οδηγός και...

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Blockchain for Law & Businesses: The New Era of Technology

Blockchain is an online distributed system which can store data in a way that makes it extremely difficult to change or hack. A blockchain in essence is a digital ledger of transactions that is replicated and circulated across the network of computer systems on the blockchain. Each block in the chain contains a number of transactions, and when a new transaction appears on the blockchain, a record of that transaction is added to every user’s digital ledger. The decentralised database operated by multiple users on the network is known as Distributed Ledger Technology (DLT). Blockchain is a form of DLT in...

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COVID-19 and Tourism in Cyprus

Introduction Cyprus, as most countries globally, has been affected by the Coronavirus pandemic. Local economy and more specifically the Tourism Industry took a hit during the pandemic as it emerged just before the kick-off of the summer season. Fortunately, Cyprus’ proactive and strict measures that have been implemented from March until May 2020 led to the swift and effective control of the spread of the virus. In the wake of this pandemic, Cyprus showed that it has an efficient and reliable healthcare system and statistically, it has one of the lowest ratios of coronavirus cases per capita in Europe. The Cyprus government remains hopeful that with the relaxing...

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INTRODUCTION OF ADMINISTRATIVE FINES FOR LATE FILINGS TO THE REGISTRAR OF COMPANIES

As part of the latest amendments to the Cyprus Companies Law, Cap. 113, the Registrar of Companies shall impose administrative fines for certain late filings, effective as from the 18th of December 2019. ​ In particular, for the late filing of the company’s Annual Return (HE32), the Registrar of Companies shall impose an administrative fine amounting to a fixed penalty of €50,00 plus an additional charge of €1,00 for every day for which the default continues within the first 6 months and then €2,00 for every day thereafter for which the default continues. However, such administrative fine shall not exceed the amount of €500,00 for each default. ​ The Annual Return (HE32) is always accompanied by the...

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