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The European Parliament presented a very interesting, accessible and cost effective solution for the consumer by Regulation (EU) No. 524-2013 and 2013-11-EC Directive with Online Dispute Resolution.The Directive 2013/11/EC applies to extra-judicial procedures for domestic and cross-border disputes concerning contractual obligations arising from sales...
1 What are the primal criteria for the eligibility of a ship in order to be registered under the Cyprus flag? All vessels used in navigation and not propelled by oars are eligible for registration in Cyprus provided that they meet the age restrictions set out in the official government policy regulating the registration of old ships in the Cyprus Ships...
The Cyprus economy is slowly in the process of recovery after the financial crisis in 2013. The island is under the supervision of the European Commission, the European Central Bank and the International Monetary Fund otherwise known as Troika. Banks are still working to restore credibility and stability to the financial sector so as to boost investor...
1 When does the ship’s title pass from the builder to the owner? Can the transfer in question be arranged differently by the parties? The title of a newly built ship is illustrated through the issue of a certificate of the builder, in other words, a certificate signed by the builder of the ship containing a true account of the ship’s particulars as...
In a time when everyone is becoming a global citizen, it is increasingly expected to work and collaborate across national boundaries, to manage international and intercultural relationships and to understand the global aspects of the world of law.Cyprus has well established its position as a core of a worldwide financial centre and it is rapidly growing...
Inheritance can be a frightening subject. Some might say that the legal framework and potential court procedures are intimidating. However, it is also a matter of culture. Most Cypriot families resist openly discussing inheritance. Children may avoid bringing up the issue for fear of hurting the sentiments of their parents. For parents, the fear could...
The Financial Action Task Force . (FATF), following this summer’s meeting in Paris, under the Russian presidency, . released the list with the jurisdictions that are willing to meet compliance . criteria in relation to Anti-Money Laundering (AML) and Counter Terrorist Financing . (CTF). Furthermore, it is worth noting that . five new jurisdictions namely...