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...
The Cyprus Securities and Exchange Commission (CySEC) has issued a circular clarifying the treatment of fractional share exposure under Cyprus’ Investment Services and Activities and Regulated Markets Law (Law 87(I)/2017), which transposes MiFID II. The circular provides important guidance for Cyprus Investment Firms (CIFs) offering...
On 31/01/2022, the District Court of Larnaca in Application no. 1/2020 in the case of Kazakhstan Kagazy PLC a.o v Arip a.o[1], issued a judgment holding that litigation funding is not contrary to the public policy of the Republic of Cyprus. The Larnaca court’s judgment...
