Archives of Commercial

No-deal Brexit alert for Cyprus businesses

Download our alert:   The ‘no-deal’ scenario On 29 March 2017, the United Kingdom notified the European Council of its intention to withdraw from the EU under Article 50 of the Treaty on the European Union (TEU). On 11 April 2019, the European Council agreed to extend the period provided for by Article 50(3) TEU […]
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Foreign Investment Protection in Cyprus

The Jurisdiction Cyprus is a member of the European Union and the Eurozone. A common law jurisdiction, Cyprus provides an established, stable and solid legislative framework. Cypriot corporate law has evolved over time, from its origins as a replica of the English Companies Act of 1948 into a sophisticated corporate legal framework that encapsulates international […]
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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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