DUTIES OF DIRECTORS UNDER CYPRUS COMPANIES LAW
Cyprus Companies Law (Cap. 113) provides that every private company shall have at least one director and every public company shall have at least two directors (s.170). Furthermore, every company must have a secretary and a sole director shall not be also secretary. However, in the case of a single-member private liability company the sole director can be also the company secretary (s.171)....
BASIC REQUIREMENTS TO SET UP A CYPRUS INVESTMENT FIRM
Cypriot investment firms (CIFs) provide investment services on a professional basis inside or outside Cyprus. A CIF cannot offer professional investment services without being licenced by Cyprus Securities and Exchange Commission (CySEC). Generally, CySEC authorises and supervises investment firms and activities in Cyprus based on the provisions of Law 144 (I)/2007. In order to obtain...
CYPRUS PARLIAMENT APPROVES CIVIL PARTNERSHIP
The 26th November 2015 the Cyprus Parliament approves the civil partnership legislation. The Law 184 (I)/ 2015 denotes that the union of heterosexual and LGBTQI couples may have a legal recognition outside the civil and religious institutions of marriage. As a result, it could be inferred that civil partnership legislation is a significant step towards equality in Cyprus.
Michael Chambers will...