Publications

The Rise of Padel in Cyprus: Key Legal Considerations

The Rise of Padel in Cyprus: Key Legal Considerations

Padel has seen an incredible rise in popularity across the globe, and Cyprus is no exception. With its fast-paced nature and social appeal, Padel is attracting players, investors, and sports enthusiasts alike. But as the sport grows, so does the [...]

Cyprus Guide to Temporary Work/Residence Permits for Third-Country Nationals / Employees at International Companies

Cyprus Guide to Temporary Work/Residence Permits for Third-Country Nationals / Employees at International Companies

If you are considering employing third-country nationals in Cyprus, it is crucial to understand the requirements for obtaining temporary work or residence permits. Our guide provides a comprehensive overview of the criteria and processes involved in [...]

Guide to Liquidations and Insolvency in Cyprus

Guide to Liquidations and Insolvency in Cyprus

Introduction With extensive experience in representing clients in insolvency disputes exceeding the value of €2.5 billion, Economou & Co LLC is deeply familiar with the intricacies of Cyprus’ liquidation and insolvency laws. Liquidation and [...]

Updates in Civil Procedure Rules: A Comprehensive Guide

Updates in Civil Procedure Rules: A Comprehensive Guide

Introduction On 26 July 2024, significant amendments to the Rules of Civil Procedure of 2023 were published by the Supreme Court of Cyprus in the Official Gazette of the Republic of Cyprus. This guide provides a detailed overview of the key [...]

Establishment of the Register of Beneficial Owners: A Comprehensive Guide

Establishment of the Register of Beneficial Owners: A Comprehensive Guide

Introduction On 20 May 2015, the European Council issued Directive (EU) 2015/849 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing (the “4th AML Directive”). Article 30 of the 4th AML [...]

Detailed Guide to Submitting Proof of Debt Claims in Cyprus

Detailed Guide to Submitting Proof of Debt Claims in Cyprus

The following guide provides instructions on how to submit a proof of debt claim against a company in Cyprus. It covers the legal basis for debt claims, the necessary documentation, and the review process to ensure your claim is valid and processed [...]

Sanctions: A Legal Chess Play

Sanctions: A Legal Chess Play

Sanctions: A Legal Chess Play The European Union (EU) has enforced a comprehensive set of sanctions against Russia. These sanctions are designed to impact multiple sectors, such as finance, energy, and the military, with the goal of exerting [...]

Recent Developments in Revocation of Cyprus Citizenship for Foreign Investors

Recent Developments in Revocation of Cyprus Citizenship for Foreign Investors

Introduction The Cyprus Government has recently announced a new round of revocation of citizenships granted to foreign investors who have become naturalised Cypriot citizens through the Cyprus Investment Programme. On 22nd May 2024, the Council of [...]

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