The procedure to be followed for executing a foreign judgment in Cyprus depends on the country where the judgment sought to be executed was issued. If a judgment was issued by the judicial authorities of an EU country (or Switzerland, Norway and Iceland), it can be recognised and enforced under EU regulations.
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”.
There a number of grounds under which it may be possible to contest / challenge a Cyprus Will. These include: lack of legal capacity; lack of valid execution; undue influence; fraudulent wills and forged wills and construction claims.
Cyprus succession law is designed to keep property within the bloodline. If you are resident in Cyprus this may result in a minimum proportion of your worldwide estate being allocated to specific heirs, even if the Will states otherwise.
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.
Cyprus Companies Law, Cap 113 implemented Directive 2005/56/EC on cross-border mergers of limited liability companies (Cross-border Mergers Directive). Cyprus company provides the framework for cross-border mergers to occur between companies in Cyprus and companies from other EEA states.
Mergers result in the transfer of the assets and liabilities of one company to another and the dissolution of the first company without it going into liquidation. A merger between Cyprus companies is defined by section 30 of the Income Tax Law (Law 118(I)/2002).
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.
On the 25.07.2014 Cyprus and Switzerland signed an avoidance of double taxation agreement and relevant protocol. A Finance Ministry press release said, that the new agreement will contribute to further developing trade and financial relations between the two countries as well as with other countries. The ministry further stated that maintaining, updating and signing new…
The Cyprus government announced on the 24.02.2014 the signature of a new double taxation agreement with Norway. A statement issued stated that the text agreed between the finance ministries of the two countries would contribute to the further development of trade and economic relations between Cyprus and Norway, as well as other countries. The statement…