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ΕΝΑΝΤΙ ΤΟΥ ΠΡΩΤΟΦΕΙΛΕΤΗ Τα δικαιώματα του εγγυητή εναντίον του πιστωτή πηγάζουν από τη σχέση που δημιουργείται από τη σύμβαση της εγγύησης και προκύπτουν κατά το χρόνο που καθίσταται εγγυητής. Ένα από τα δικαιώματα αυτά μεταξύ άλλων και σύμφωνα με την νομοθεσία και την νομολογία, είναι το δικαίωμα του εγγυητή όπως εισπράξει από τον πρωτοφειλέτη το ποσό που έχει πληρώσει έναντι της εγγύησης του. Σχετικά είναι τα Άρθρα 98 και 103 του περί Συμβάσεων Νόμου Κεφ. 149 που προνοούν μεταξύ άλλων ότι: Aν το χρέος, για το οποίο δόθηκε η εγγύηση, καταστεί απαιτητό ή ο πρωτοφειλέτης παραλείψει να εκπληρώσει υποχρέωση που καλύπτεται από την...

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Decentralized Finance (DeFi): The European Regulatory Perspective

Introduction Decentralized finance is challenging the centralized traditional financial system by disempowering intermediaries and facilitate peer-to-peer transactions where the users are able to retain control over their money. Where there is a lack of regulation at the time of writing this article, DeFi promises a dynamic, disintermediating revolution in finance, steadily taking over the traditional financial world. In this article I will discuss some of the most important implications of DeFi for existing financial regulations, as well as the challenges regulators are confronted with focusing especially on EU’s approach. What is DeFi? Decentralized Finance refers to platforms that allow users to perform different...

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Non – Fungible Tokens (NFTs) – The collectibles of the future

What is an NFT? An NFT is a digital asset that represents real-world objects like art, music, in-game items, and videos. They are bought and sold online, frequently with cryptocurrency through designated platforms as Opensea, and they are generally encoded with the same underlying technology as many other cryptocurrencies. Although they have been around since 2014, NFTs are gaining notoriety now because they are becoming an increasingly popular way to buy and sell digital artwork. NFTs are also generally one of a kind and have unique identifying codes. This is in stark contrast to most digital creations, which are almost always infinite...

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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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