Late payments in commercial transactions

The worsening of the economic crisis has determined in many European countries an increase of late payments in commercial transactions. Cyprus makes no exception to this trend. Specific directives have been adopted at European level in order to combat late payments....

Legal Professional Privilege in Cyprus

A taxpayer’s right of privacy and the Legal Professional Privilege (LLP) in Cyprus In Cyprus, according to the Advocates’ Law (Cap. 2) and the Advocates Code of Conduct Regulations of 2002 (the Regulations), the legal professional privilege is recognised as a...

The Cyprus International Trust

Cyprus International Trust – the Law Law 20(I)/2012 has recently amended the provisions, which date back to 1992, relating to Cyprus International Trusts. The new provisions are in force as of March 23, 2012. Trust laws in Cyprus derive from English sources. A...