The fundamental principles of a valid contract A contract is an agreement between two or more parties, whether it be between two business entities, between two individuals or even both, that outlines and defines the terms of the said exchange. Having a legally binding contract is essential for clarity and assurance so that all parties […]

Following the global effects of the COVID-19 pandemic, the recent war in Ukraine and the impact of the sanctions, many businesses in Cyprus have been severely affected in their ability to continue trading. Where a business cannot be saved or when a company decides to restructure its company through the formal insolvency process, a liquidator […]

Assignment, Novation or Contract of Sale – Which is best for you?    When re-selling under construction or newly completed/developed property in Cyprus, various factors need to be taken into consideration by the seller in order to be able to legalise and give effect to the said sale. As the issue of title deeds is a […]

After a lengthy journey of legislative reforms in various governmental authorities and sectors of the economy, Cyprus has proven itself to become an ultimate destination for living and an advantageous jurisdiction for business people and investors.   The main arguments to support this statement are the following:   1. Cyprus is located at the crossroad of 3 […]

1. My child’s grandparents gifted property to my child. Can I sell it on my child’s behalf?  Property that belongs partially or in whole to a minor can only be sold by the minor through a court order. As children under the age of 18 years old are considered minors, any sale of property that […]

Maria and Christiana’s journey began 10 years ago when they met socially through common friends. At the time of their encounter, Maria was a partner in a law firm and Christiana was working in the property/development and construction industry. Their relationship extended to a professional one when they started to work very closely together as […]