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SUPPLIERS AND SERVICE PROVIDERS: DON’T FORGET TO ASK FROM YOUR CLIENTS TO SIGN THEIR INVOICES

In Cyprus while invoicing is an important accounting practice for many businesses, invoices do not serve as a legally binding agreement between the business and its client. An unpaid invoice is not actionable per se but its existence may well constitute important evidence for the support of a relevant claim before the Court, provided that … Continue reading SUPPLIERS AND SERVICE PROVIDERS: DON’T FORGET TO ASK FROM YOUR CLIENTS TO SIGN THEIR INVOICES

AGREEMENT BETWEEN SEPARATED PARENTS FOR THE MAINTENANCE OF THEIR CHILDREN DOES NOT BIND THE COURT

AGREEMENT BETWEEN SEPARATED PARENTS FOR THE MAINTENANCE OF THEIR CHILDREN DOES NOT BIND THE COURT December 2019 The Family Appellate Court has recently issued a Decision (Appeal No. 30/2017, dated 29/11/2019) which concerns the legal effect of an agreement between separated or divorced parents for the maintenance of their minor children. According to Cyprus Law … Continue reading AGREEMENT BETWEEN SEPARATED PARENTS FOR THE MAINTENANCE OF THEIR CHILDREN DOES NOT BIND THE COURT

EMPLOYERS BE AWARE!

Employers be aware! Supreme court declares insufficient the unfair dismissal compensation awarded by the industrial disputes court – 25.02.2019 A former employee of a Trading Company (the company) in Cyprus, not satisfied by the amount of compensation awarded in her favour by the Industrial Disputes Court, appealed to the Supreme Court which partly accepted the … Continue reading EMPLOYERS BE AWARE!

Narcotests in full force as from 25.01.2018 in Cyprus

After years of efforts and long discussions the Legislation introducing narcotest in Cyprus has finally came into force on 25.01.2018. The new legislation aims to stop the increasing trend of drugged-out drivers who are frequently the cause of road deaths and accidents in Cyprus. The new legislation  empowers all uniformed members of the Police Force … Continue reading Narcotests in full force as from 25.01.2018 in Cyprus

Amendment of VAT law in Cyprus covering land transactions for business purposes

Cyprus VAT Law was recently amended in order to bring the legislation in line with the relevant EU Law. It should be noted that this amendment should be made long time ago in order to harmonize local Law with European Legal Regime. The new provisions are in full force as from the beginning of 2018. … Continue reading Amendment of VAT law in Cyprus covering land transactions for business purposes

Recent Cyprus court decision enhances legal protection of UBO’S

The Supreme Court of Cyprus recently issued an interesting decision (Civil Application 112/2017, dated 08.09.2017) which concerned an application by a Corporate Services Company (C.S.C.) based in Cyprus to the Supreme Court for leave to apply for certiorari to bring up and quash an order of the District Court of Larnaka which ordered the termination … Continue reading Recent Cyprus court decision enhances legal protection of UBO’S