Archive of month: March 2018

Commission’s NPL package and AMC blueprint

The European Commission has presented a package of measures to address high non-performing loan (“NPL“) ratios.  This initiative builds on the Council’s “Action Plan To Tackle Non-Performing Loans In Europe” of 11 July 2017. The Commission’s package consists of the following measures: Amendment to the Capital Requirements Regulation (EU) No. 575/2013 The Commission is proposing a […]
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EU bans unjustified online geo-blocking

On 2 March 2018,  the Geo-blocking Regulation was published in the Official Journal (Regulation (EU) 2018/302 of the European Parliament and of the Council of 28 February 2018 on addressing unjustified geo-blocking and other forms of discrimination based on customers’ nationality, place of residence or place of establishment within the internal market). The Geo-blocking Regulation […]
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Out of the shadows: risks of shadow directors for Cyprus companies

“He lurks in the shadows, sheltering behind others who, he claims, are the only directors of the company to the exclusion of himself. He is not held out as a director by the company.” This was Millet J in Re Hydrodam (Corby) Limited (1994) 2 BCLC 180, delivering the most vivid, yet strikingly accurate, judicial […]
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