News & Insights

Maritime Labour Convention amendments and compliance requirements for shipping companies

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,…

Inspection Committees: Key challenges and opportunities in Cyprus Insolvency Legislation

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…

Sponsoring event that honors the spirit of Famagusta

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…

CySEC issues important reminder on MiCAR implementation and deadlines for Crypto-Asset Service Providers

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…

CySEC Issues Guidance on Fractional Share Investments by CIFs

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…