In the context of Cyprus’ personal insolvency law (Cap. 5/the “Law”), the concept of mutual set-off plays a crucial role in the settlement of debts and credits between a bankrupt individual and other parties (art. 35). Under the Law, mutual debts, credits, and transactions between...
The 2022 amendments to the Maritime Labour Convention (MLC) took effect in December 2024, introducing important updates to improve the rights and working conditions of seafarers globally. These changes represent a meaningful shift in maritime regulations and emphasize the industry’s growing focus on crew welfare,...
Understanding Inspection Committees is vital for corporate insolvency proceedings. The role of creditors’ committees is complex but also critical. Their powers, such as approving settlements or determining the liquidator’s remuneration, are pivotal for fair outcomes. They act as a supervisory body, safeguarding creditors’ interests while...
We are proud to sponsor a special event that honors the enduring spirit of Famagusta. Organized by Diastasis Cultural Association, the event will take place at Pattihio Theatre in Limassol on 24 January 2025 at 20:00. The program will feature performances by renowned artists, including...
Cyprus Securities and Exchange Commission (CySEC) has issued an announcement that Regulation (EU) 2023/1114 on Markets in Crypto-Assets (MiCAR) became applicable to issuers of Asset-Referenced Tokens (ARTs) and E-Money Tokens (EMTs) on 30 June 2024. Furthermore, the aforementioned Regulation will further extend to Crypto-Asset Service...
