Archives of Commercial

International trade in goods and services in Cyprus

Antoniou McCollum & Co. has contributed two Q&A guides on Cyprus for the International Trade and Commercial Transactions Global Guide, published by Thomson Reuters’ Practical Law: International trade in goods and services in Cyprus (link to Practical Law website) Sale and storage of goods in Cyprus (link to Practical Law website) The international trade in goods […]
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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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ECB releases guidance on the licensing of fintech banks

The European Central Bank (ECB) has released a guide for the assessment of fintech credit institution licence applications. The guide is premised on the principles agreed by the ECB’s Supervisory Board in June 2017. The ECB defines fintech banks as being those having “a business model in which the production and delivery of banking products […]
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