Despite the popularity of gambling in Cyprus, government authorities have historically restricted gambling on the island. However, after much deliberation as to which model should be applied in developing this new industry, the government yesterday (18.07.2013) decided that it would issue a single license for the creation of an integrated casino resort. The Cyprus government…
An individual`s or a company’s reputation is gained through hard work and usually well deserved. It should not therefore be lost as a result of defamatory content published on the internet. Today, as a result of the internet and it`s nature, an article, a blog comment, a forum comment, or a twitter comment can spread…
The possible participation of the ENI S.p.A. in the construction of a Liquified Natural Gas (LNG) terminal in Cyprus was among the issues discussed today at the meeting between the President of the Republic, Mr Nicos Anastasiades, and a delegation from ENI, led by its CEO Paolo Scaroni. The Minister of Energy, Commerce, Industry and…
The Republic of Cyprus has started negotiations with three energy companies to develop a liquefied natural gas (LNG) terminal at an estimated initial cost of $6 billion. Cyprus today signed a Memorandum of Understanding (MoU) with US-based Noble Energy and Israel’s Delek and Avner to negotiate the construction of an LNG terminal in Vassilikos Cyprus,…
As part of the agreement concluded with the European Stability Mechanism and the International Monetary Fund for financial assistance, the Cypriot House of Representatives approved a number of tax law amendments on the 18th of April 2013. The numerous advantages which Cyprus holding have over competing jurisdictions, such as the tax free flow of dividends…
Cyprus’ National Betting Authority (NBA) has issued a blacklist of some 270 online gambling sites to the country’s internet service providers (ISPs) have been ordered to block. The ISP`s have been given 72 hours notice to block access to the black listed sites, which under the new provisions of the law, are considered as offering…
US Noble Energy reported discovering between 141 billion to 226 billion cubic metres in Cyprus’s first attempt to find natural resources offshore in December 2011. Noble`s find was after being granted the country`s first offshore exploration license. As part of the second offshore exploration licensing round, launched by the Cypriot government in 2012, Italy`s ENI…
From independence, the Republic of Cyprus has strictly regulated the engagement in games of chance or chance and skill for money or monetary return. However, following Cyprus’s accession to the EU in 2004, online gambling service providers licensed in other EU Member States began to operate from premises in Cyprus. On the 11.07.2012 Cyprus` parliament…
In the case of Jivraj v Hashwani [1], the U.K. Court of Appeal held that an arbitration agreement which provided that only persons of a certain religious belief could act as arbitrator was void because arbitrators fall within the scope of English anti-discrimination employment legislation in relation to religion and belief (the Employment Equality (Religion…
The Qatar Exchange and the Cyprus Stock Exchange signed a Memorandum of Understanding on the 6th of June 2011 . The purpose of the Memorandum of Understanding was to formalize cooperation between the two markets. The Memorandum of Understanding was signed by Mr. Andre Went, CEO of Qatar Exchange and by Mr Epaminondas Metaxas, CEO…