EY Cyprus COVID-19 Updates

EY Cyprus COVID-19 Updates

 

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Latest News

ΣΧΕΔΙΟ ΕΣΤΙΑ: Δεύτερη ευκαιρία στους δανειολήπτες για Ένταξη στο Σχέδιο μέχρι 15/06/2020

01.06.2020

(English text follows)

Στις 28/05/2020 το Υπουργείο Οικονομικών ανακοίνωσε την δυνατότητα υποβολής αίτησης από δανειολήπτες που δεν είχαν υποβάλει αίτηση για ένταξη στο Σχέδιο ΕΣΤΙΑ μέχρι τις 31/12/2019 και επιθυμούν να το πράξουν. Οι νέοι αιτητές θα μπορούν να συμπληρώσουν και να υποβάλουν στα Τραπεζικά και άλλα ιδρύματα την αίτηση τους από την 1η Ιουνίου 2020 μέχρι τις 15 Ιουνίου 2020.

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COVID19 Update (10/04/2020): Law on the enforcement of emergency measures by Financial Organisations and Supervisory Authorities due to COVID-19

13.04.2020

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.

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COVID19 Update (10/04/2020): Support measures for affected businesses and employees

13.04.2020

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.

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IMPORTANT: Changes based on the new guidelines announced by the Minister of Employment, Welfare and Social Insurance

07.04.2020

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.

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COVID-19 Webcast Series - Webcast 2 (02/04/20): Cypriot Measures Implementation Initiation - What does the continuing pandemic mean for your business affairs?

07.04.2020

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)

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Publications

Πλεονασμός και Μείωση Μισθών εν μέσω Πανδημίας

16.04.2020

Εν μέσω πανδημίας και των συνεπειών αυτής οι εργοδότες έχουν να αντιμετωπίσουν σοβαρά ζητήματα, που καταλήγουν μοιραία σε διλήμματα, αναφορικά με την διάσωση και συνέχιση των επιχειρήσεων τους.

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Απόφαση Σταθμός: Συνταγματικές κρίθηκαν οι μειώσεις απολαβών και συντάξεων των δημοσίων υπαλλήλων από το Ανώτατο Δικαστήριο

13.04.2020

Η πλειοψηφία της Ολομέλειας του Ανωτάτου Δικαστηρίου Κύπρου, με απόφαση του ημερ.10.04.2020 στις συνεκδικαζόμενες Εφέσεις Κυπριακή Δημοκρατία ν Σωτήρη Αυγουστή κ.α, υπ’αρ.177/18 κ.α, ανέτρεψε τις αποφάσεις του Διοικητικού Δικαστηρίου ημερ. 29.03.2019 σχετικά με τις αποκοπές μισθών και συντάξεων στον ευρύτερο δημόσιο τομέα.

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Coronavirus Covid-19: A Contractual Perspective

30.03.2020

We answer 10 important questions on how Coronavirus-Covid 19 can affect contractual performance. Are existing contracts at risk?

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Coronavirus (COVID-19): What companies must consider with regards to data protection

24.03.2020

Executive summary

In light of the COVID-19 outbreak employers have had to adopt a number of measures for the purpose of preventing and/or containing COVID-19 while having to adjust their work procedures to the new realities we are currently facing. Such measures and procedures may involve extensive collection and processing of personal data, especially health data. To this end, ensuring that all new and/or modified procedures are in line with the data protection regime constitute an integral part in both corporate and state responses.

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The process of eviction and recovery of possession of real estate in Cyprus

03.03.2020

The process of eviction and recovery of possession of property are topics which have frequently been under discussion in Cypriot courts, tribunals and the Cyprus Parliament. The legal framework of evictions and recovery of possession of property has for years been favouring the tenant - with procedures in court taking no less than 9 months (in cases of summary judgement) and lasting up to 5 years for a full adjudication.

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