Insights
LATEST insights
Data subjects’ rights under the GDPR
What is personal data and who is a data subject? Everyone has the right to the protection of their personal data. Whilst not an absolute right, this r...
The Legal 500 ranks Antoniou McCollum & Co. as top tier law firm in Cyprus
Antoniou McCollum & Co. is delighted to have been ranked as top-tier firm in Cyprus in the 2018 edition of The Legal 500 for Europe, Middle East &...
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...
Are big data and algorithms next on the European Commission’s competition agenda?
Margrethe Vestager has made it clear that the European Commission is looking into potential competition issues arising from big data. Whether tech...
Passporting in the EU for banking, financial services and insurance undertakings
Passporting enables businesses such as AIFMs, Banks, Insurers, Investment firms, Payment institutions to provide their services across the EU. Our lat...
ECJ clarifies full functionality requirement of a joint venture
The European Court of Justice (ECJ) ruled in Austria Asphalt v Bundeskartellanwalt (Case C-248/16) that when there is a change in the type of control ...
New EU AML rules to impact beneficial owners of companies and trusts
Directive 2015/849 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing, known as the Four...
ESMA statements on high risks of Initial Coin Offerings (ICOs)
The European Securities and Markets Authority (ESMA) has issued two Statements on Initial Coin Offerings (ICOs), largely driven by ESMA’s expres...
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 t...
Companies outside the EU may have data protection compliance obligations under the GDPR
Much focus has centred on the impact of the GDPR on data transfers involving processors and controllers in the EU. The increased territorial scope o...
State aid control over tax rulings of EU member states – should multinationals be revisiting their tax rulings?
Introduction Criticism against the European Commission’s State aid decisions over tax arrangements intensified following the August 2016 decision on...
Competition damages Directive transposed into Cyprus law
Directive 2014/104/EU of the European Parliament and of the Council of 26 November 2014 on certain rules governing actions for damages under national...
Non-domiciled tax residence in Cyprus for individuals
Cyprus affords individuals who do not reside in another country for over 183 days in total annually, the opportunity to become non-domiciled tax resid...
Joint Ventures under Cyprus Merger Control
A concentration of undertakings is deemed to be of major importance and meet the jurisdictional thresholds set out in the Control of Concentrations Be...
Foreign Investment Protection in Cyprus
Cyprus is a member of the European Union and the Eurozone. It features on the ‘white list’ of the OECD and has committed to the highest standards ...
