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06.05.2015
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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29.01.2015
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
Банковское дело и обеспеченное финансирование, Законодательство ЕС
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). Читать далее
29.01.2015
The “Alternative Investment Funds Managers (Amendment) Law of 2015”
Корпоративное и коммерческое право, Законодательство ЕС

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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29.01.2015
Amendment to the Takeover Bids Law, 41(I)/2007
Корпоративное и коммерческое право, Законодательство ЕС
In line with Article 119 of EU Directive 2014/59, the new amendment to the Takeover Bids Law [41(I)/2007] and particularly new Section 15A states that Section 13(1) of the basic law on mandatory takeover bids shall not apply in the case of use of resolution tools, powers and mechanisms provided for in Title IV of Directive 2014/59/EU. Читать далее
05.12.2014
The Investment Services and Activities and Regulated Market (Amendment) Law of 2014
Банковское дело и обеспеченное финансирование, Законодательство ЕС

On December 4, the Investment Services Law, 144(I)/2007, 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”, and EU Regulation 576/2013 “on prudential requirements for credit institutions and investment firms”.

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