Harris Kyriakides LLC

Chambers and Partners rank Harris Kyriakides LLC as one of the best firms in Larnaca

admin — Wed, 02 May 2012 05:27:00 GMT

In a recent editorial publication of Chambers and Partners, Harris Kyriakides LLC was named “one of the best firms in Larnaca” in the areas of dispute resolution.

Contribution to the International Comparative Legal Guide to Environment Law 2012

host — Tue, 17 Apr 2012 09:35:00 GMT

Harris Kyriakides LLC has been selected on the basis of its expertise in Environmental law within the Cyprus jurisdiction as the national contributor of the Cyprus chapter in the much anticipated International Comparative Legal Guide: Enviroment Law 2009.

Massive Chinese investment in Larnaca

admin — Mon, 26 Mar 2012 06:34:00 GMT

HERMES Airports Ltd, the consortium in charge of operating and managing Larnaca International Airport, and Far Eastern Phoenix, a chinese controlled entity, have signed an agreement providing for a massive investment involving the construction of exhibition showrooms and a logistical services centre at the old Larnaca airport building.

Double-tax avoidance agreement between Cyprus and Poland

admin — Mon, 26 Mar 2012 06:29:00 GMT

Cyprus and Poland signed an amendment to the current double tax treaty agreement between the two countries, introducing substantial benefits for entrepreneurs using Cyprus companies as investment vehicles in Poland. The amended double tax treaty shall come into effect in the year which follows its ratification from both countries.

Cyprus introduces unique new framework on Trusts

admin — Mon, 12 Mar 2012 08:13:00 GMT

Through new legislation that has been enacted by the Cyprus Parliament, the Cyprus International Trust Law (CITL) has been modernised in many aspects, becoming a very attractive instrument for international investment and asset protection and placing Cyprus in the forefront of modern trust frameworks.

Harris Kyriakides LLC engaged in Public Transport dispute with Department of Road Transport

admin — Mon, 05 Mar 2012 07:30:00 GMT

Harris Kyriakides LLC has been engaged by Famagusta District Transport Organisation (OSEA) for advising on the pending dispute with the Cyprus Ministry of Communication and Works over the interpretation of the Concession Contract for Inland Bus Services with the Department of Road Transport.

Cyprus implements modern legal framework on public tender review

admin — Mon, 05 Mar 2012 07:28:00 GMT

In the context of the government’s overall policy to promote and assure transparency and efficiency in the public procurement process, the Tenders Review Authority (TRA) was initially established under the Law 101(I)/2003, and commenced operations on 1 April 2004. It serves a reviewing authority, examining recourses from any party that alleges that it has been aggrieved or treated unfairly by a decision or act of a Contracting Authority, prior to the award of a tender related to services, works or supplies.

Cyprus resists ratification of ACTA

admin — Thu, 01 Mar 2012 10:38:00 GMT

Cyprus, along with four (4) other EU Member States (Germany, Slovakia, Estonia, and Netherlands), has refused to sign the Anti-Counterfeiting Trade Agreement, known as ACTA. ACTA is a multinational treaty which aims at the establishment of standards for intellectual property and rights’ enforcement. It targets at markets of counterfeit goods, generic medicines and most importantly, it pursues to prevent copyright infringement, over the internet.

Global recognition for Harris Kyriakides LLC Insurance Practice

admin — Tue, 21 Feb 2012 17:35:00 GMT

The Insurance department of Harris Kyriakides LLC has been selected among the 425 world's leading Insurance & Reinsurance lawyers in 2012. The relevant accolade is featured in the recent edition of the International Who's Who of Insurance & Reinsurance Lawyers 2012, which shall be published this April.

Ratification of the Double Tax Treaty Protocol between the Russian Federation and Cyprus

admin — Tue, 21 Feb 2012 06:25:00 GMT

The Russian State Duma has recently ratified the Protocol to the Double Tax Treaty between Cyprus and Russia, which shall now come into effect as of 1 January 2013.

Doing Business Report Highlights for Cyprus 2012

admin — Fri, 20 Jan 2012 13:25:00 GMT

Further to several initiatives aimed at improving the corporate environment and the investment infrastructure and in the background of significant potentials in enhancing the energy sector of the island, the global ranking of Cyprus in ‘ Doing Business 2012’’ has improved by 9 ranks. Cyprus is now placed among the best 40 places globally for starting a business.

Harris Kyriakides LLC Christmas Charity Donation

admin — Tue, 27 Dec 2011 06:55:00 GMT

As part of Harris Kyriakides LLC commitment to support the local community, we have resolved for this year as well to substitute the dispatch of commercially bought Christmas cards with a contribution to a local charitable organisation. This Christmas we have decided to make our donation to the Christina Α. Apostolou foundation.

Harris Kyriakides LLC wins recognition in Corporate Real Estate

admin — Fri, 09 Dec 2011 07:25:00 GMT

Practical Law Company has announced the publication of the eighth edition of the PLC Corporate Real Estate multi-jurisdictional guide and has recommended Harris Kyriakides LLC as a leading corporate real estate practice.

Cyprus introduces tax free period in regard to property transfer fees

admin — Wed, 07 Dec 2011 14:13:00 GMT

Pursuant to an amendment introduced on the 3rd of November 2011 by the Cyprus Parliament, Cyprus has now abolished the payment of transfer in regard to real property transactions.

Cypus new legislation for incentives on prompt settlement of outstanding tax liabilities

admin — Mon, 28 Nov 2011 09:07:00 GMT

On 24 November 2011, the Cyprus Parliament voted on a new law which provides for incentives on prompt settlement of outstanding tax liabilities.

EU proposal for a European Bank Account Preservation Order

admin — Mon, 31 Oct 2011 09:33:00 GMT

The European Commission has recently proposed to introduce an EU-wide freezing order known as a European Account Preservation Order (EAPO) to ease the recovery of cross-border debts for both citizens and businesses.

High net worth individuals eligible for Cyprus citizenship

admin — Tue, 18 Oct 2011 06:14:00 GMT

The Cyprus Government continues to consider high net worth investors making substantial investments in Cyprus under special circumstances for granting passport or citizenship.

Kyriakides is appointed as President of the Appeal Committee of the Cyprus Football Association

admin — Wed, 05 Oct 2011 05:34:00 GMT

The Managing Partner of Harris Kyriakides LLC, Mr Kyriakides, has been appointed by the Cyprus Football Association (CFA) as the Chairman of the Appeal Committee.

Third party insurance does not cover non driving policy holders

admin — Mon, 03 Oct 2011 08:47:00 GMT

The Supreme Court of Cyprus has issued its long awaited decision in the matter of Stavroula Photopoulou and others v Minerva Insurance Company Limited, vindicating the position put forward by the appellant insurance company in connection with the interpretation of Cyprus automotive third party compulsory insurance legislation.

Fast track residence permits for purchasers of immovable property in Cyprus

admin — Tue, 27 Sep 2011 05:33:00 GMT

The Government of Cyprus has introduced a new policy which provides favourable treatment on applications of third country nationals who purchase private residence in Cyprus, the value of which is equal to or above the amount of €300000.

New double tax treaty between Cyprus and Ukraine on the horizon

admin — Tue, 27 Sep 2011 05:30:00 GMT

Cyprus and Ukraine are on the final steps of agreeing the execution of a Double Tax Treaty. The Double Tax Treaty is intended to be executed in October 2011, when the Ukrainian President shall be in Cyprus on a formal visit.

Family Courts are given powers to grant remedies against non spouses

host — Sat, 06 Aug 2011 16:48:00 GMT

According to recent decision of the Supreme Court of Cyprus, Family Courts will now have jurisdiction to deal with property disputes, between couples, which concern any contribution of the parties to any property, even if it appears to belong to a third party or it is held on trust.

Agreement for the avoidance of double taxation between Cyprus and Qatar

host — Sat, 23 Jul 2011 11:02:00 GMT

Cyprus and Qatar have completed the required procedures for the entry into force of the agreement for the avoidance of double taxation between Cyprus and Qatar.

Overturn of cartel conviction for Petrolina

host — Thu, 26 May 2011 09:06:00 GMT

THE SUPREME Court has unanimously overturned a decision by the Competition Commission (CPC) to fine four fuel companies close to €43 million for collusion, after finding that the chairman of the CPC had been appointed illegally.

OECD Model Tax Convention: a discussion draft on the meaning of "beneficial owner" is released

host — Thu, 05 May 2011 17:04:00 GMT

The OECD Committee on Fiscal Affairs (CFA) invites public comments on draft changes to the Commentary on Articles 10, 11 and 12 (http://www.oecd.org/dataoecd/49/35/47643872.pdf) of the OECD Model Tax Convention concerning the meaning of the term "beneficial owner".