Covid-19

Legal departments face rising tide of challenges in their transformation efforts, EY Law and Harvard Law School Center on the Legal Profession survey finds

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”

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

(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 … Continue reading “ΣΧΕΔΙΟ ΕΣΤΙΑ: Δεύτερη ευκαιρία στους δανειολήπτες για Ένταξη στο Σχέδιο μέχρι 15/06/2020”

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

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”

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

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”

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

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”

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

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?”

Επικαιροποιημένο 19.03.2020 – Q&A – Εφαρμογή των έκτακτων μέτρων αντιμετώπισης της εξάπλωσης του Κορωνοϊού στις εργασιακές σχέσεις και στις επιχειρήσεις

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”

CPC Decision: 42/2019 – National competition authority imposes administrative fine for abuse of dominant position

Decision dated 27th August 2019 and published in the Official Gazette of the Republic of Cyprus on 22nd November 2019. The Commission for the Protection of Competition (“the Commission”), in light of an official complaint filed by Theatre One against the Cyprus Theatre Organisation (“THOC”), has imposed an administrative fine on THOC in the amount … Continue reading “CPC Decision: 42/2019 – National competition authority imposes administrative fine for abuse of dominant position”