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Advisory
Procedure for valuation of the mortgaged property

Dec 10, 2019

Hadjipetrou Lefteris

The procedure of valuation of the mortgage property begins when the borrower, the mortgagor and all the parties have received  the letters “Θ” and “ I”.

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Advisory
The EU legal mechanisms on bank insolvency and resolution.

Dec 05, 2019

Xiourouppa Despina

After the recent financial crisis, the EU adopted a number of measures to harmonise and improve the tools for dealing with bank crises in its member countries.

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Advisory
The different options available to the mortgaged lender, after a failed attempt of foreclosing the mortgaged property

Dec 04, 2019

Papathoma Maria

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.

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Advisory
Rescue Culture within the Cypriot Legal System

Dec 04, 2019

Mylona Gabriella

̀ 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 ́ .

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Advisory
Economic Duress

Dec 04, 2019

Christodoulou Emilia

The section 15 of the Contract Law, Cap 149 provides the meaning of the term duress. According to the section 15, the term duress supersedes free consent and/or free consent in order to enter to an agreement.

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Advisory
Minimizing Accountability: Regulating White Collar Crimes

Dec 03, 2019

Neophytou Anna Maria

White Collar Crimes are a well-known and prevalent problem that influences a company’s equity and reputation, comity and profitability of the corporate entity involved.

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Advisory
Code of Conduct on the Handling of Borrowers in Financial Difficulties (April 2015): Scope of Application and stages of communication.

Dec 03, 2019

Andronicou Nicoletta

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

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Advisory
7 Vital steps to making your website GDPR compliant

Nov 30, 2019

General Data Protection Regulation (EU) 2016/679, came into effect on May 25, 2018. The main purpose of GDPR is to protect the rights and freedoms of EU residents and to give them more control over their personal data, no matter where personal data is collected or processed.