Law Updates

Fatal Air Accident/Legal Aspects Written by:Georgiades & Mylonas Advocates & Legal Consultants

n this specific situation, Boeing, the manufacturing company, based in the United States of America, may be held strictly liable based on the legislation regarding defective products. The courts in the United States of America acknowledged very early that aircraft manufacturers have the same degree of legal liability for product safety as those which the […]

Foreign Investments Service Center

Within the framework of attracting foreign investment and due to the need to simplify administrative procedures equal to those enjoyed by local investors, a Foreign Investors Service Centre (FISC) was established on 5 September 2005 under the auspices of the Ministry of Commerce, Industry and Tourism. The main task of the Centre is to evaluate […]

Direct Investment in Cyprus

Further to the lifting to all the restrictions regarding the establishment of companies by EU citizens, the Cyprus government, through its Council of Ministers has now also approved a total liberalization of the policy governing direct investment by foreigners in Cyprus. Thus, as of 1st October 2004 , foreigners who wish to register companies in […]

European Accession/Direct Effect

As of 1 May 2004, Cyprus , together with nine other countries, has been a full member of the European Community. Cypriots have always viewed the island’s accession as a tool for solving our political problem, thus failing to focus on the positive legal implications that it will create by conferring rights upon individuals. The […]