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The Public Offer and Prospectus (Amendment) Law of 2015
Banking and Secured Financing
Amendments to the Companies Law, Cap 113 aim to reinforce the powers of Department of Registrar of Companies and simplify procedures

An amendment to the Companies Law, Cap 113, has been approved in order to implement paragraph 3.9 of the Memorandum of Understanding agreed between Cyprus and the Troika, regarding the modernization of procedures in the Department of Registrar of Companies and Official Receiver.

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AGM of the "Association of the Old Shareholders of the Bank of Cyprus"

Managing partner of our law firm  Dr. Kypros Chrysostomides, accompanied by senior associate Yiannis Karamanolis, participated in the AGM of the "Association of the Old Shareholders of the Bank of Cyprus" which took place on 5 May 2015 at the Hilton Park Hotel in Nicosia. During the AGM, Dr. Chrysostomides, who is the Legal Advisor of the Association, as well as a member of its Board, analysed the legal proceedings which are currently pending before the General Court of the European Union, in addition to the District Court of Nicosia and explained the Association’s considerations and options for further legal actions. Dr. Chrysostomides suggested that each shareholder should contact their own legal advisors accordingly.

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The “Business of Credit Institutions (Amendment) (No2) Law of 2015” and the new “Law on the Macroprudential Supervision of Institutions” transpose EU Capital Requirements Directive and the Capital Requirements Regulation into the Cyprus legislation
Banking and Secured Financing, European Union Law
The Business of Credit Institutions Law, 66(I)/1997, was amended for purposes of harmonisation with “EU Directive 2013/36 on access to the activity of credit institutions and the prudential supervision of credit institutions and investment firms” (Capital Requirements Directive) and “EU Regulation 575/2013 on prudential requirements for credit institutions and investment firms” (Capital Requirements Regulation). read more
The “Alternative Investment Funds Managers (Amendment) Law of 2015”
Corporate and Commercial Law, European Union Law

An amendment of the Alternative Investment Funds Managers (AIFMs) Law, 56(I)/2013, aiming at harmonising Cyprus legislation with EU Directive 2013/14 was recently approved by the Parliament. According to the amending legislation:

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