Dec 06, 2019
The Cyprus Tax Authorities (the “CTA”) issued on 30 June 2017 a tax circular (the “Circular”) regulating the Transfer Pricing rules in relation to the companies which carry out back-to-back intra-group financing transactions in Cyprus.
Dec 04, 2019
According to the ʺThe Immovable Property (Transfer and Mortgage) Law of 1965 (9/1965), part VIA, the mortgaged lender has the right to set an auction for mortgaged property, only if all the requisite by the Law requirements are fulfilled and the process which the Law implies is followed exactly as described.
Dec 04, 2019
̀ Failure is a part of taking risk; business failure is a consequence of the misjudgement of operating risk… Nonetheless, it is axiomatic that failure will always be a possibility of a business venture because it is one outcome on a range of possible outcomes for the taking of risk ́ .
Dec 03, 2019
Authorised Credit Institutions (ACIs) incorporated and operating in the Republic of Cyprus which deal with borrowers in financial difficulties are bound by the Directive on Arrears Management of 2015 (hereinafter the “Directive”). Appendix 2 of the Directive, is the so-called, Code of Conduct on the Handling of Borrowers in Financial Difficulties