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LEGAL UPDATES
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03.06.2015
Favourable judgment issued by the European Court of Human Rights
European Union Law, Human Rights Law

Our firm is most pleased to report that the European Court of Human Rights, in Strasbourg, has issued a favorable judgment in the context of the Application No. 13320/02 (In the case of Kyriacou Tsiakkourmas and Others v. Turkey), which was brought before the Court by our firm and another law firm operating in Nicosia, on behalf of 13 Greek-Cypriot nationals.

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02.06.2015
The Open – Ended Type Collective Investment Undertakings (Amendment) Law of 2015
Banking and Secured Financing, Corporate and Commercial Law

An amendment of the Open – Ended Type Collective Investment Undertakings Law, 78(I)/2012, (UCITS Law) was recently approved for the purpose of better harmonisation with certain provisions of EU Directives 2009/65, 2013/14 and 2014/91 regulating the operation of UCITS.

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02.06.2015
The Public Offer and Prospectus (Amendment) Law of 2015
Banking and Secured Financing
26.05.2015
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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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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