A recent Administrative Court judgment concerning the tax treatment of losses arising from the impairment of bank deposits following the 2013 banking crisis represents an important development in Cyprus tax law. Having successfully acted for our client in the proceedings, our partner Katia Kakouli examines...
Cyprus is among the most significant ship-owning and ship-management centres in Europe and consistently ranks as one of the largest flag administrations globally. The entry into force of Directive (EU) 2022/2555 (the “NIS 2 Directive”) and its transposition into Cypriot law through the Security of...
Recent developments continue to shape the implementation of the Republic of Cyprus’ foreign direct investment screening framework under the Establishment of a Framework for the Foreign Direct Investment Screening Law of 2025 (Law 194(I)/2025). Following a joint announcement by the Ministry of Finance of Cyprus...
Case C-81/24, LH v OTP banka d.d. (Judgment of 11 June 2026) Introduction On 11 June 2026, the Court of Justice of the European Union (“CJEU”) delivered an important judgment on the relationship between consumers’ right to access a payment account with basic features and...
The adoption of Capital Requirements Directive (EU) 2024/1619 (“CRD VI”) marks a significant development in the regulation of cross-border banking activities within the European Union. Among its most consequential reforms is the introduction of a harmonised third-country branch (“TCB”) framework governing the provision of core...
