Cyprus | Theodorou Law Firm

Employment Law Update: Directive (EU) 2019/1158 on work-life balance for parents and carers

Employment Law, NewsBy Admin July 13, 2019

The Directive was published on the 12.07.2019 and comes into force on the 01.08.2019. The directive has to be implemented into national law by the 2.08.2022 at the latest.

The Directive “lays down minimum requirements designed to achieve equality between men and women with regard to labour market opportunities and treatment at work, by facilitating the reconciliation of work and family life for workers who are parents, or carers”.

Insights: Reinstating a Cyprus Company struck-off the register

Company, InsightsBy Admin July 5, 2019

A Cyprus company which has been struck off the register can be reinstated, depending on the circumstances, either by an application to the Registrar of Companies or by an application to the District Court.

Insights: Corporate Governance and Shareholders Agreements

Commercial, InsightsBy Admin June 28, 2019

A shareholders’ agreement is an agreement entered into by the shareholders of company and which stipulates their respective rights and obligations. The shareholders’ agreement can regulate the shareholders voting rights, protect a minority shareholder`s interests and provide how a company is going to be run.

Company Law Update: Registration of Charges

Company, NewsBy Admin March 16, 2019

The Registrar of Companies and Official Receiver announced on the 15.03.2019 that following clarifications received from the Attorney General regarding Article 90 of the Companies Law, Cap. 113, charges relating to the pledging of foreign share certificates or the charges resulting from them, will be accepted for registration as was the practice previously. The announcement…

Insights: Cross Border Mergers of Cyprus Limited Liability Companies

Commercial, InsightsBy Admin July 18, 2018

Following the implementation of Directive 2005/56/EC (Cross-border Mergers Directive) into local law by Law 2 of 186(I) of 2007, Cyprus Companies Law, Cap. 113 now provides the framework for cross-border mergers of limited liabilities companies, where at least one of the merging limited liability companies is a Cyprus company or where the limited liability company resulting from the cross-border merger is a Cyprus company.

Company Law – Procedure for increasing the share capital of a Cyprus Company

Company, InsightsBy Admin July 9, 2018

A Cyprus company limited by shares or guarantee and having a share capital, may, if so authorized by its articles of association, increase its authorised share capital (Section 60 of the Companies Law, Cap 113).

Company Law – Procedure for reducing the share capital of a Cyprus Company

Company, InsightsBy Admin May 17, 2018

A Cyprus company limited by shares or guarantee and having a share capital, may, if so authorized by its articles of association, reduce its share capital (Section 64 of the Companies Law, Cap 113). In order for a Cyprus company to reduce its share capital: (a) a special resolution must be passed in general meeting…

Company Law: Benefits of Reduction of the issued Share Capital of a Cyprus Company

CompanyBy Admin April 11, 2018

Section 64 of the Companies Law (Cap 113) provides that a Cyprus company limited by shares or guarantee and having a share capital, may, if so authorized by its articles of association, reduce its share capital. The reduction of share capital may, in certain circumstances, be used to: (a) return capital to the shareholders that…

Employment Law Update: ECJ – Workers must be able to carry over paid annual leave when an employer does not allow him to exercise that right

Employment Law, NewsBy Admin January 16, 2017

The ECJ decided that a worker must be able to carry over and accumulate rights to paid annual leave when an employer does not put that worker in a position in which he is able to exercise his right to paid annual leave.

Insights: Cyprus Company Strike off Procedure

Company, InsightsBy Admin December 5, 2016

Strike-off procedure – A Cyprus Company may be struck off the Register either by a request of the directors or shareholders or involuntarily by the Registrar of Companies.

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Tag Archives: Cyprus