Michael Kyprianou & Co. LLC

European convention of human rights and the right of health in Cyprus

Τhe tragic situation of the country's public hospitals is often witnessed by the citizens of Cyprus. In relation to other European Union States, Cyprus has the lowest position on public health spending money. As a result, public hospitals suffer from staff shortages and a lack of adequate equipment

BREXIT. QUO VADIS?

Today, a ‘No Deal Brexit on 31 January 2020 remains a real possibility. Put simply, a ‘No Deal Brexit’ means that the UK leaves the EU without having reached an agreement on the terms of its departure and the future relationship. This article looks at the effect of No Deal Brexit on the enforcement

Cyprus Citizenship – can it be revoked?

The Cyprus Investment Program had come under attack in recent weeks, after it was reported that persons with close links to their home country’s authoritarian regime had been granted Cypriot citizenship. Over the weekend it was further revealed that a businessman wanted by the authorities of his hom

The effect of technological disruption on the legal profession

Technological disruption to the legal profession profoundly reforms the manner in which law firms operate in the legal industry. Client expectations are on the rise and lawyers must stay up to date with the latest technological developments if they want to survive in the competitive legal industry.

Acquiring Cypriot citizenship due to origin by UK citizens

In the event of a no deal Brexit, UK passport holders will lose their right of free movement within the EU. All valid UK passports will still be useable for international travel to and from the EU after Brexit, even though precise details are yet to be finalised (including on the terms of any travel

Protecting your business from counterfeit goods in Cyprus

As has been previously noted in the “Trade in Counterfeit and Pirated Goods: Mapping the Economic Impact” report of the Organisation for Economic Co-operation and Development & European Union Intellectual Property Office, counterfeiting hits almost ½ trillion euros a year. This can be traced from fa

Does the recent amendment limit the amount of moral damages granted by the Courts?

Under the Maltese Civil Code, damages may be awarded for either tortious liability or contractual liability. In respect to the former, an action for damages will aim to place the individual in the same position before the damage occurred, and in respect to the latter, the action may be brought to ei

The new changes of the Cyprus Investment Programme (CIP)

The Cyprus Investment Programme (CIP) has been recently revised, following the meeting of the Council of Ministers on the 25th July 2019. The new revisions were published in the Cyprus Gazette on 23rd August 2019, and are already effective as follows:

Mad II -EU regulation (MAR) and directive (CS MAD) as protection of investors and its application to

Protection of financial market investors and prevention of unlawful disclosure of inside information and financial market manipulation is provided and guaranteed by the EU Market Abuse Regulation (Regulation 596/2014) (MAR) and the Directive on criminal sanctions for insider dealing and market manip

New Beneficial Ownership Register for foreign entities which own UK property

The UK government intends to introduce a new register of People with Significant Control over Overseas Companies, “the PSCOC Register”, in order to improve transparency of beneficial ownership for foreign entities which own UK properties. The Bill will be introduced to Parliament in 2019 and is inte

Maltese Court Landmark Judgement – Precautionary Acts must be followed by proceedings in the EEA

A recent landmark decision by the First Hall of the Civil Court has confirmed for the first time that in order for a precautionary warrant to remain in force, it must be preceded or followed (within 20 days), by a court case filed in Malta or in the European Economic Area (EEA).

Pre-1995 Leases in Malta

Recently, the Maltese courts may have possibly brought about the beginning of the end of a legal and social question concerning landowners who were, and still are, subjected to pre-1995 rent laws. The judgement given in Anthony Debono et v. Avukat Generali et., may prove to be a milestone in Maltese

IS SILENCE GOLDEN? The added value of emergency media response plans

In the words of WARREN BUFFET: “IT TAKES 20 YEARS TO BUILD A REPUTATION AND FIVE MINUTES TO RUIN IT. IF YOU THINK ABOUT THAT, YOU’LL DO THINGS DIFFERENTLY.”

Changes to UK capital gains tax

Since April 2019, the new rules regarding capital gains tax have been implemented in UK. The intention of the implementation of new rules is to remove the advantage of non- UK residents who did not pay tax over the gains from the disposal of all their property in UK.

Increase of Property Rents in Cyprus: Permissible and Non-Permissible Limits

It has been many times that my clients have expressed the question as to when and how the rental amounts increase. This question is voiced by both Landlords and Tenants of real estate.

Why Cyprus for Maritime?

Recognizing the political, economic and social importance of shipping, as from 1963, Cyprus managed to develop the country into a fully-fledged shipping centre combining both a sovereign flag and a resident shipping industry, which is renowned for its high-quality services and standards of safety.

UAE Tax Domicile Certificate

Issued by the Ministry of Finance in the United Arab Emirates (‘UAE’), the Tax Domicile Certificate (also referred to as the Tax Residency Certificate) enables eligible government entities, companies and individuals to take advantage of double taxation avoidance agreements on income signed by the UA

British Airways and Marriott International Inc. face huge fines from UK data protection authority

British Airways (‘BA’) may be hit with what will be the highest-ever penalty which the Information Commissioner’s Office (‘ICO’), the UK’s data protection supervisory authority, has handed out.

UK Telecoms company fined £100K over unsolicited marketing messages

The Information Commissioner’s Office (‘ICO’) which is the UK’s data protection supervisory authority, recently issued a fine of £100,000 to EE Limited, a telecoms company operating in the UK. The fine was issued in response to EE Limited having sent two and a half million unsolicited direct marketi

David against Goliath – Libra vs Central Banks: Who will win?

Working in the crypto and DLT space is like being on an emotional rollercoaster with feelings which range from curiosity, excitement, euphoria, revelation, shock, disappointment, hope, wonder and determination – did I miss any?

Shipping at the spotlight of terrorism

Is terrorism the new norm for shipping? THE STORY On the 13/06/2019, two oil tankers were victim to what has been described as “sabotage” attacks in the Gulf of Oman, leaving one ablaze and both adrift. Following, a similar incident involving four tankers, which took place one month ago, on the 12

Adidas Three Stripes Trademark Revocation

In a judgment of the General Court of the European Union of the 19th June 2019, Adidas saw their hopes of extending their three stripes trademark dashed, as the court ruled that there was no distinctiveness in the three stripes trademark. Furthermore, the court held that the Adidas had failed to pro

International Business in Malta in the light of recent EU Tax Matters

Over the past twenty odd years, Malta has become an international hub for foreign direct investment (FDI). A solid services sector combined with seasoned professionals across a multitude of industries have helped the FDI business model flourish, placing Malta on the map within the European Single Ma

Post Brexit future for UK businesses

The proposed UK-EU agreement has been rejected for a third time by the Members of Parliament in UK. Consequently, uncertainty persists due to no deal and therefore the following concerns arise: whether a deal will happen at all, what the terms of that deal might be and whether there will be a second

The introduction of services of sworn translators in Cyprus

Translations are frequently required for various documentations for official use before public authorities, institutions and courts internally or abroad. It is a matter of public law of each country to determine when an “official” translation is required and what comprises the elements of such trans

How STOs are shaping the Capital Markets

In this article, Dr Justine Scerri Herrera, who specializes in Blockchain and Crypto (VFA Department), talks about how security token offerings are revolutionizing the capital markets.

The liability of the producer for defective products

A rapidly growing field of law in the European Union (EU) is undoubtedly the protection of consumers.

Everyone has the right to the Protection of Personal Data (GDPR)

The new regulation for the protection of personal data will be enforced at the end of May 2018 in Cyprus and across Europe. The new regulation affects every citizen, business, organisation and public authority that handles personal information.

VAT on the purchase of Cyprus land

A new bill imposing VAT on the supply of building land has been approved by the Cyprus Parliament and has come into force on the 2nd of January 2018.

Announcing the launch of our new website

Michael Kyprianou and Co. LLC is pleased to announce the launch of its new website.