LAW INSIDER

On 18 December 2018, a number of statutory amendments on the Cyprus Companies Law, Cap. 113 and its accompanying legislation were approved by the Parliament. A number of these have already come into force, whilst others will apply gradually. This briefing concentrates the most important developments: Abolition...

Introduction The Contract Law, Cap. 149 (the “Law”), regulates the contract relations between parties in Cyprus since 1960 and it is identical to the Indian Contract Act 1872; essentially it reproduces the English applicable contract law principles as at 1960. While Cyprus in other aspects has begun to introduce...

1. Arrangements and Reconstructions under Sections 198 - 200 1.1 An arrangement or a compromise under Sections 198 - 200 (‘Section 198’) of the Cyprus Companies Law, Cap. 113 (‘Law’), can be proposed between a company and its creditors or any class of them or between the company and its members or any class of...