Contractual Disputes
A contract is a written agreement made between the parties which states the terms of their legal relationship. Every contract will
contain different terms and conditions concerning the bargain it embodies. A dispute will occur when any of the terms and conditions are breached by either party, when there is disagreement as to interpretation of the written agreement or in the event that the...
The Litigation Process in Cyprus
Litigation refers to the dispute resolution process through the courts. Having been a British colony until 1960, the Cypriot legal system and rules relating to litigation are primarily based on the English legal system. The courts are divided into six types: District Courts (civil actions); Assize Courts (criminal cases); Family Courts; Rent Control Tribunals; Industrial Dispute Tribunals and...
Arbitration in Cyprus
Arbitration is a consensual legal technique for resolution of disputes without the necessity to refer the matter to court. The parties
to a dispute voluntarily refer the matter to an impartial third person (the arbitrator) who will be empowered by the parties to make a decision based on the evidence and the arguments which are presented to him. Once made, the arbitration award will be binding...
Cyprus: an advantageous venue for Incorporation
Each year thousands of new companies are registered with the Registrar of Companies in Cyprus. In 2010, 19278 new companies were registered and 2011 looks set to top that figure. Year on year the number of annual registrations on the island increases, taking the total current number of registered companies in Cyprus to over 250.000 companies. Clearly Cyprus holds great attraction as a business...
Cyprus Divorce
Statistics
According to the latest demographic report of the Statistical Service of Cyprus for the year 2009, the number of divorces is increasing. Particularly, in 2009 the number of divorces increased to 1738, compared to 1639 for 2008.
Main ground of divorce
In Cyprus, the grounds recognized for divorce are stipulated in A....
Buying property in Cyprus
Cyprus is considered one of the safest European countries to invest in since its market is growing at a stable rate and its prices are competitive. If every perspective purchaser bears in mind the following points then a safe and prosperous investment will be carried out.
An official search must be conducted at the Lands Registry which will provide the purchaser with information found on the...
The Supremacy of European Union Law over the Constitution of the Republic of Cyprus
Cyprus was a British colony until 1960 and as such the Cyprus legal system was highly influenced by the English legal system and the principles of common law and equity were adopted by the legal system of Cyprus.
The Cypriot Courts apply the following laws:
The Constitution of the Republic
The laws that remained in force under Article 188 of the Constitution
The common law and the...
VAT in Cyprus
Value Added Tax is a tax charged on every taxable supply, by a taxable person, of goods and services within the Republic, other than an exempted supply. It is also charged on goods acquired in Cyprus from other EU countries and on goods imported from outside the EU.
VAT is an indirect taxation which is applied by the VAT registered business acting as agent of the VAT authority by adding VAT to...
Action for Infringement of Trademark
The logo, symbol or design of a company is a commodity that serves to distinguish the goods or services of one company from those of its competitors. Once created, a trademark can be registered and will enjoy an initial seven-year period of protection from the date of filing of the application, which is renewable every fourteen years thereafter.
If the owner of a registered mark believes that...