Unravelling
complexity.

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Unravelling Complexity

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EU regulators remind firms on conduct of business obligations under MiFID II during COVID-19
Regulatory and Tax

EU regulators remind firms on conduct of business obligations under MiFID II during COVID-19

The COVID-19 outbreak has forced many countries to implement measures to prevent the spread of the pandemic and has caused a major shock to the worldwide economy and financial markets. The approach of competent authorities responsible for the oversight of the financial services industry has been no different: new times call for new measures, or at least a reminder of the measures firms should already be following to protect the investing public.
Cyprus companies: an overview
Banking and Finance

Cyprus companies: an overview

Cyprus is one of the most attractive tax planning jurisdictions. Its favourable taxation system together with its excellent infrastructure facilities and high quality of services have led Cyprus to be considered as one of the most reputable international financial centres.
Overview of the Cyprus examinership regime
Banking and Finance

Overview of the Cyprus examinership regime

The near collapse of the Cyprus economy back in 2013 was the instigator for the introduction of a new generation of amendments into the Cyprus companies’ legislation (Cap. 113) providing for a new array of tools which could be utilised with the intention of protecting businesses and buttressing the economy from the then expected adverse consequences a potential depletion of liquidity brought about by the 2013 banking crisis could have on them. Those same tools stand now at the ready to be used by businesses to tackle the difficulties presented to them by the COVID-19 and the new ensuing global recession following in the pandemic’s wake.
Executing documents electronically

Executing documents electronically

As much of the world is working from home during the Covid-19 pandemic, one of the issues which comes sharply into focus is how people execute contracts in a stay-at-home world. This note tries to set out the basic “do”s and “don’t”s in relation to using technology for document handling under BVI and Cayman law.
Measures introduced to support companies and individuals in Cyprus in light of COVID-19
Corporate

Measures introduced to support companies and individuals in Cyprus in light of COVID-19

Various measures have been introduced in light of the devastating COVID-19 pandemic, for the sustainability of the economy and to minimise the impact of the restrictions of movement for small businesses and the citizens of the Republic of Cyprus.
Announcement by the Central Bank of Cyprus: dividend distributions and share buy-backs
Banking and Finance

Announcement by the Central Bank of Cyprus: dividend distributions and share buy-backs

Following the recommendation of the European Central Bank to the Significant Credit Institutions and the National Competent Authorities dated 27 March 2020, in respect to dividend distributions and share buy-backs during the COVID-19 pandemic, the Central Bank of Cyprus issued a new circular on 6 April 2020 addressing the Less Significant Credit Institutions who are operating in the Republic of Cyprus.