Amidst Bitcoin reaching multi-year highs and Ethereum taking several steps forward towards Web 3.0, 2021 also belonged to NFTs.
It became Collins Dictionary’s “Word of the Year,” with an 11,000% increase in the use of the abbreviation in mainstream consciousness. Not only that, traders turned this hype into huge market gains. Trading in NFTs reached
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Matrimonial property and financial settlements in Cyprus
The question of finances always arises after the separation of a couple. While it may be dealt with through straightforward negotiation, the partners can sometimes end up involved in long and complex court proceedings.
During a divorce process in Cyprus, the family courts are able to grant exclusive use of the home or matrimonial possessions.…
AGP Law Firm at the Forex Expo 2022
One of the most interactive B2B events in the Forex industry has taken place last Thursday 31st March 2022. A warm thank you to Finexpo for yet another invitation to a well-organized event at Park Lane a Luxury Collection Resort & Spa (Marriott), Limassol.
Mihaela Grigoriou, Head of the FS Regulatory Department, provided a…
Litigation Success | Supreme Court Appeals
The AGP Litigation Team, defending our client, has managed to overturn a Norwich Pharmacal Order and secure another success at the Supreme Court.
On March 9 of 2022 the honourable judges of the Supreme Court delivered judgment on two appeals brought by our seasoned team of Cyprus Lawyers. The Court, inter alia, noted that the…
Litigation Success | Family Court Appeals
The AGP Litigation Team, defending our client, has managed to overturn a Norwich Pharmacal Order and secure another success at the Supreme Court.
On March 9 of 2022 the honourable judges of the Supreme Court delivered the judgment on two appeals brought by our seasoned team of Cyprus Lawyers. The Court, inter alia, noted that…
Children’s custody matters in Cyprus
After a marriage or relationship breakdown, when a child is involved, everyone’s target should be the child’s best interest.
The Relations of Parents and Children Law (216/1990) provides for mandatory child maintenance and identifies the parents as jointly responsible for their children’s maintenance until the age of 18.
Several points may need to be addressed…
CySEC redefined threshold criteria for ‘Significant CIFs’
On the 10th of February 2022, CySEC published a new Circular C487 redefining the threshold criteria for determining which Cyprus Investment Firms (CIFs) are considered as ‘Significant CIF’.
A CIF shall be considered as a ‘Significant CIF’ where its on and off-balance sheet assets are on average greater than 100 million EUR over the four-year…
Amendments to the Cyprus Tax Legislation
On 21st of December 2021, two amending laws were published in the Official Gazette for the prevention of tax abuse and will be in force from 31st of December 2022.
Overview of the laws
Cyprus to introduce an additional Corporate Tax Residency Test
In accordance with the Income Tax Law, a company is considered to…
EU Restrictive Measures: CySEC Circular C489
CySEC Circular C489 to Regulated Entities on EU Council’s Restrictive Measures.
Cyprus Securities and Exchange Commission (“CySEC”) has issued circular C489 (the “Circular”) on 25/02/2022, addressed to Regulated Entities, namely, CIFs, ASPs, UCITS Management Companies, Internally managed UCITS, AIFMs, Internally managed AIFs, Internally managed AIFLNPs, companies with sole purpose the management of AIFLNPs, Crypto Asset…
Changes in the registration process of Registered Alternative Investment Funds
On 26.01.2022 CySEC published a new Circular C484 regarding the registration of Registered Alternative Investment Funds (RAIFs) with the CySEC RAIF Register (the ‘Circular’) which repeals the CySEC Circular C285.
CySEC informs the External Managers of RAIFs about the amendment of the Directive for the registration and de-registration of RAIFs in the RAIFs register (“DI124-01”).…