Archives of Cyprus Law

Cyprus law news and insights covering commercial, corporate, competition, IP, and digital law.

Cyprus enacts national legislation supplementing the GDPR

The General Data Protection Regulation (GDPR) ensures a consistent level of protection for natural persons throughout the EU in a manner which provides legal certainty and transparency. EU Member States are enacting legislation regulating specific processing situations and other aspects which supplement the GDPR and enhance this legal certainty. Cyprus enacted the Protection of Natural […]
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9 months ago

Securitisation of loans in Cyprus

Cyprus enacted legislation which completes its framework regulating the purchase and sale, as well as the securitisation of credit facilities. This note covers securitisations, with our parallel update covering the acquisition and sale of loans . Securitisation involves transactions that enable a lender or a creditor – typically a credit institution or a corporation – […]
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9 months ago

Purchasing and selling loans in Cyprus

Cyprus has enacted legislation which completes its framework regulating the purchase and sale, as well as the securitisation of credit facilities. This note covers the purchase and sale of credit facilities, while our parallel update covers securitisations. Credit facilities which can be acquired and sold consist of: any credit facility contract, including, inter alia, loans […]
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9 months ago

Permanent residence in Cyprus by investment

Individuals who are not interested in the Cypriot naturalisation by investment scheme (resulting in Cyprus citizenship and a passport) may be interested in the permanent residence scheme that Cyprus offers. The Permanent Residence Permit – Regulation 6 (2) (Fast Track Route) concerns individuals who have fully and freely at their disposal a secured annual income […]
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11 months ago

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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1 year ago
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