After three years of debate, the Plenary of the Parliament voted in favour of a legislation to amend the Constitution of Cyprus, which aims to modernize the structure and operation of the Cypriot courts. The Seventeenth Amendment of the Constitution of 2022 was passed with 51 votes in favour and only one MP voting against … Continue reading “The Seventeenth Amendment of the Constitution of Cyprus”
Legal departments face rising tide of challenges in their transformation efforts, EY Law and Harvard Law School Center on the Legal Profession survey finds 75% do not expect budgets to keep pace with growing workloads Few General Counsel are “very confident” in their department’s ability to identify, measure and manage complex risk Legal departments across … Continue reading “Legal departments face rising tide of challenges in their transformation efforts, EY Law and Harvard Law School Center on the Legal Profession survey finds”
On 30th March 2020 the Cyprus Parliament issued Law 33(I)/2020 on the enforcement of emergency measures by financial organisations and supervisory authorities due to COVID-19 (the “Law”), the primary purpose of which is the protection and sustainability of the Cyprus financial system, which is called to overcome the obstacles caused due to the pandemic of COVID-19. … Continue reading “COVID19 Update (10/04/2020): Law on the enforcement of emergency measures by Financial Organisations and Supervisory Authorities due to COVID-19”
The rapid spread of coronavirus and the increase in confirmed cases in Cyprus has led the Republic of Cyprus to take additional and more strict preventive measures which have inevitably affected business and employees. Therefore, the Cyprus Government has adopted the below measures to support the businesses and employees affected: A) Full Suspension of Work Scheme: … Continue reading “COVID19 Update (10/04/2020): Support measures for affected businesses and employees”
Following our earlier email which included answers to the questions submitted during our last webcast, further announcements have been made by the Minister of Employment, Welfare and Social Insurance. Among many, the main changes can be summarized as follows: Partial Suspension of Business and Self-employed: in order for a company or self-employed person to calculate … Continue reading “Changes based on the new guidelines announced by the Minister of Employment, Welfare and Social Insurance”
Q&A on major topics raised * The COVID-19 situation is very dynamic. Please note that the below answers were valid as at the date of the response (2 April 2020). Employment / Contractual Q: 60% of 2018 insurable units or 2019? A: 2018. Q: In the partial suspension basic premises you stated that ”60% of the 2018 insurable … Continue reading “COVID-19 Webcast Series – Webcast 2 (02/04/20): Cypriot Measures Implementation Initiation – What does the continuing pandemic mean for your business affairs?”
Η ραγδαία εξάπλωση του Κορωνοϊού και η αύξηση των επιβεβαιωμένων κρουσμάτων στην Κύπρο οδήγησε την Κυπριακή Δημοκρατία να λάβει πρόσθετα και αυστηρότερα μέτρα πρόληψης και αντιμετώπισης του. Η εξαγγελία των νέων μέτρων από τον Πρόεδρο της Δημοκρατίας και τους Υπουργούς Υγείας, Οικονομικών και Εργασίας δημιούργησε αναστάτωση τόσο στον επιχειρηματικό κόσμο όσο και στους άμεσα επηρεαζόμενους … Continue reading “Επικαιροποιημένο 19.03.2020 – Q&A – Εφαρμογή των έκτακτων μέτρων αντιμετώπισης της εξάπλωσης του Κορωνοϊού στις εργασιακές σχέσεις και στις επιχειρήσεις”
EY Press Release Nicosia, 29 August 2019 EY: Charalambos Prountzos appointed EY CESA Law Leader EY CESA Law Leader EY is pleased to announce that Charalambos Prountzos, Partner and Head of the EY Law practice in Cyprus, has been appointed Law Leader of the Central, Eastern and Southeastern Europe & Central Asia (CESA) region, effective … Continue reading “Charalambos Prountzos appointed EY CESA Law Leader”
Successful recourse before the Tenders Review Authority filed with regards to the awarding of a Public Tender to a consortium, where one of its members was linked with an entity found guilty for breach of EU competition law. Professional misconduct and serious misrepresentation in supplying information to the Awarding Authority Prountzos & Prountzos LLC represented … Continue reading “Professional misconduct and serious misrepresentation in supplying information to the Awarding Authority”