Compensating for Lost Property in TRNC
The aftermath of the 1974 occupation by Turkey of the northern part of Cyprus and subsequent division of the island is still keenly felt by citizens of both the Republic of Cyprus in the south and the Turkish Republic of Northern Cyprus (TRNC) in the North. Property abandoned on both sides by those fleeing conflict has been the subject of emotional debate and has been a considerable hindrance...
Standard Terms and Conditions of Business
Any business that regularly enters into terms (for example for the sale or purchase of goods) that are often the same or similar can benefit from creating its own standard terms of business. Standard terms are a set of terms that a business can use to govern its relationship with all of its clients.
The Benefits of Standard Terms
The benefits of having a standard set of terms are:
Lower costs...
New Limitation Provisions Enacted
New limitation provisions came into effect on 1st July 2012. After a succession of laws passed since 1964 to extend the suspension of the Limitation of Actions Law, Cap 15, the new Limitations Law 66 (I) 2012 will bring into effect time limits within which civil claims must be filed.
The new law makes the following limitations periods applicable:
TYPE OF CIVIL CLAIM
TIME LIMIT
NOTES...
Special Considerations in International Sales Agreements
International sales contracts constitute a specialist area of law that raise unique considerations when compared with domestic counterparts. Commercial law, responding to the requirements of the international trading community as a whole, has adapted in order to meet the special needs and problems posed by such international contracts. International sales are generally governed by common law,...