We are pleased to announce the publication of our new practical guide on assignment and novation under Cyprus law.

When contractual relationships need to change, whether due to a business sale, group restructuring, financing arrangement, lease transfer, or replacement of a contracting party, it is important to use the correct legal mechanism. Although assignment and novation are often referred to interchangeably in practice, they have distinct legal effects and can lead to very different outcomes.

Our latest guide has been prepared to assist businesses and individuals in understanding:

• What assignment means under Cyprus law
• What novation means and how it differs from assignment
• When consent is required
• The practical consequences of choosing the wrong mechanism

The guide focuses on providing clear and practical guidance on how contractual rights and obligations may be transferred, and the legal issues that should be considered before any such step is taken.

This publication forms part of our ongoing effort to provide accessible and practical legal insights on matters that frequently arise in both commercial and private transactions.

For a detailed overview, you can access the full guide here:

Assignment or Novation: A Practical Guide