Reforming the Attorney General’s Role in Cyprus: Strengthening Independence and the Rule of Law
By Maria Kannava, Advocate and Licensed Insolvency Practitioner Recent proposals to reform the role of the Attorney General of the Republic of Cyprus mark one of the most significant institutional debates in the country’s legal landscape in decades. At the centre of the discussion is the Attorney General’s dual constitutional role as both the state’s […]
eIDAS 2.0: Major Changes in Customer Identification and Verification for Obliged Entities Across the EU
By Maria Kannava, Advocate and Licensed Insolvency Practitioner The new eIDAS 2.0 Regulation (EU 2024/1183) brings radical changes to the way obliged entities identify and verify clients throughout the European Union. Replacing the 2014 framework, the Regulation establishes the mandatory implementation of the EU Digital Identity Wallet – a single digital identity for citizens and […]
Navigating Inheritance Law in Cyprus: A Balanced Approach to Estate Distribution
By Maria Kannava, Advocate and Licensed Insolvency Practitioner Inheritance law in Cyprus, primarily governed by the Wills and Succession Law (Cap. 195), strikes a delicate balance between honoring the wishes of the deceased and safeguarding the rights of family members. This framework ensures that estates are divided fairly, reflecting both testamentary freedom and statutory protections. […]
Receivership in Cyprus
By Maria Kannava, Advocate and Licensed Insolvency Practitioner Introduction Receivership remains one of the most significant corporate recovery tools under Cyprus law. It allows secured creditors to enforce their rights efficiently while maintaining commercial stability during financial distress. This article outlines the key principles governing the appointment, powers, and duties of Receivers and Managers (“RMs”) […]
General Principles of a Software License Agreement under Cyprus legislation
A software license agreement in Cyprus is a legal contract between the software owner (licensor) and the user (licensee) that governs the use, distribution, and protection of the software. The main principles of such agreements in Cyprus are shaped by local laws, European Union (EU) regulations, and international intellectual property (IP) frameworks, particularly in the […]
Congratulations to Maria Kannava
Maria Kannava has been appointed as a member of the Board of Directors of the Cyprus Stock Exchange. We are incredibly proud for Maria Kannava to have such an honourable role. Congratulations for this well-deserved achievement!
The fundamental principles of a valid contract – Offer and Acceptance
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.
Methods of liquidating a Company in Cyprus
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 lengthy process in Cyprus, this article explores the options available for both sellers […]
7 Things you should know about properties owned by minors
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 […]