Harris Kyriakides

The EU's new AI Act establishes a set of comprehensive rules for the regulation of AI, aiming to safeguard fundamental rights and ensure ethical AI use within Europe and beyond.

Read more at: https://bit.ly/3Ye6qjV

On 10 July 2024, the Parliamentary Committee on Legal Affairs, Justice, and Public Order convened to discuss significant legislative proposals aimed at amending the Constitution of the Republic of Cyprus.

Read more at: https://bit.ly/3SJ7ZD1

Harris Kyriakides was privileged to grant an award for outstanding achievement in law to Despoina Theofanous during the UCLan Cyprus Graduation Ceremony 2024.

We congratulate Despoina on her excellent accomplishment!

A recent judicial ruling declared unconstitutional the provisions contained in the articles 44IH - 44KB of the Transfer and Mortgage of Real Estate Law of 1965 (9/1965). The abovementioned articles regulate the process of issuing title deeds to “Enclaved” buyers through elimination or discharge of previous encumbrances, such as a mortgage.

Read more at: https://bit.ly/4bQVnQ

The judgment deals with the content of Notice type IA in relation to the specification of the amount due and the interest.

Read more at: https://bit.ly/3Y29Feb

On 24 May 2024, the Council of the European Union (the EU) formally adopted the Corporate Sustainability Due Diligence Directive (the Directive) as part of the EU Green Deal. This Directive represents a significant advancement in human rights and environmental protection, aiming to promote sustainable and responsible corporate behaviour across global value chains. While some EU Member States have already adopted similar laws, the Directive seeks to standardise these regulations, ensuring a level playing field for companies operating within the EU.

Read more at: https://bit.ly/4f7L91a

FIFA has released its first-ever International Player Transfer Guide, aimed at providing stakeholders with a comprehensive understanding of the player transfer process. This initiative forms part of FIFA's ongoing commitment to reforming the transfer system, one of the strategic objectives for the 2023-2027 cycle.

Read more at: https://bit.ly/4672d3d

Cyprus legislation incorporates the sanctions regime promulgated by the United Nations and the European Union through the Law on the Implementation of Provisions of Resolutions or Decisions of the Security Council of the United Nations Organisation (Sanctions) and the Decisions and Regulations of the Council of the European Union (Restrictive Measures) of 2016.

Read more at: https://bit.ly/4eTHy6X

The new Aviation Emissions Amending Directive (2023) will introduce new rules and reporting requirements on the Emissions Trading System in the Aviation sector, with potential effects on airline operators that provide transport and logistics services from and to Cyprus.

Read more at: https://bit.ly/3Ldqjjo

Harris Kyriakides is excited to announce that we have just begun welcoming our summer interns.

Running through to the end of July 2024, our programme reflects our unwavering commitment to nurturing the next generation of legal talent and upholding the highest standards of professionalism and expertise. Our Summer Internship Programme is designed to provide young professionals with an in-depth understanding of our operations, culture, and values.

We look forward to welcoming our new interns and are excited about the mutual growth and learning opportunities that lie ahead.

On the 26th June 2024 Kyriakides successfully hosted the seminar titled “Latest Developments in Insurance Law”.

During the event, a diverse range of topics were covered, including the new Civil Procedure Rules, the amount of compensation and new trends, and the statute of limitations for claims related to the insurance sector.

A big thank you to everyone who participated.

Harris Kyriakides is proud to contribute to the Cyprus chapter of the 2023 Wolters Kluwer Compendium on Competition Law and Policy, a comprehensive edition delving into significant developments across 30 jurisdictions.

The chapter provides a detailed round-up of key developments in Cyprus, focusing on the implementation and application of recent legislative changes.

You can read the full chapter here: https://bit.ly/3xDCQth

On 26th June 2024, Harris Kyriakides successfully hosted the seminar titled “Latest Developments in Banking Law.”

During the event, a diverse range of topics were covered, including new Civil Procedure Rules, foreclosures, repossessions, cross-border disputes, and the enforcement of judgments abroad.

A big thank you to everyone who participated!

Who's Who Legal has recognised Eleni Neoptolemou as a leading practitioner in its Energy 2024 guide.

Eleni's extensive expertise and remarkable contributions in the energy sector have secured her a distinguished position among the world's top legal experts. Her exceptional work in navigating complex energy regulations, transactions, and disputes stands as a testament to her dedication and proficiency in the field.

Check out the full report here: https://bit.ly/4ceLhdC

Harris Kyriakides has welcomed international students from the University of Oxford, for our summer online micro-internship scheme.

Our micro internship program is designed to offer these individuals an insight into our firm's operations, culture, and values. We're excited to collaborate, share knowledge, and shape the future together! We cordially thank them for their participation and wish them all the best for the future.

London recently hosted Cyprus Forum, with our partner Nicolas Kyriakides, the Executive President of Cyprus Forum, moderating insightful discussions on the relevance of the English common law in Cyprus.

Explore the news item here: https://bit.ly/4c6QRi4

Our partner Nicolas Kyriakides participated in the English-Cypriot Legal Common Law Conference organised by the Bar Council and the Cyprus Bar Association at the Columbia Plaza in Limassol. The panel in which he participated focused on Suspicious Activity Reports (SARs) in civil litigation.

Our partner, Nicolas Kyriakides, shares insights on our decade-long partnership with the Careers Service at the University of Oxford, during which we had the pleasure of welcoming over 100 talented students through various Internship Programmes.

Watch the full video here:

For more information on our Internship Programmes visit https://bit.ly/3GtV9Sn

Internship Programmes | University of Oxford Our partner, Nicolas Kyriakides, shares insights on our decade-long partnership with the Careers Service at the University of Oxford.

The Competition Protection Committee is initiating a public consultation to establish criteria for prioritising its duties and powers as defined by the 2022 Competition Protection Law. This initiative aims to enhance transparency and effectiveness in the Committee's operations by setting clear guidelines that will direct its actions. The consultation process involves soliciting feedback from the public to ensure that the criteria reflect a balanced consideration of various factors including public interest, market impact, and resource allocation. The Committee's ultimate goal is to foster a competitive market environment that benefits consumers and the economy.

Read more at: https://bit.ly/4c9ISQW

In line with the Polluter Pays principle, local authorities in Cyprus have established the "Pay-As-You-Throw" scheme to enhance waste management practices. This initiative follows the Waste (Municipal Waste Management) Regulations 2022, which were adopted to align with the European Waste Directive (2008/98/EC). These regulations mandate local authorities to develop action plans aimed at significantly improving Cyprus' performance in recycling and waste reuse.

Read more at: https://bit.ly/3z1E4Ph

Performance bonds and bank guarantees are vital in ensuring smooth commercial operations. They act as safeguards for parties engaged in business, particularly in industries like construction and contracting. These bonds assure that obligations will be fulfilled, thereby promoting confidence and stability in commercial dealings. Their use is often described as essential for maintaining trust and ensuring reliable transactions in the marketplace. However, in cases where disputes arise, contractors who have provided bank guarantees may seek the assistance of the court to prohibit the demand on the bank guarantee, in an effort to avoid the relevant sums being made available to the owners.

In the recent judgment in LAKON ATE, Paphos v. Municipality of Paphos, 1186/2023 (2024), the District Court of Paphos analysed the circumstances in which court intervention would be justified in suspending the payment of the bank guarantee.

Read more at: https://bit.ly/4bSpic1

A heartfelt thank you to the organisers of THALASSA 2024, a pivotal Marine Sciences Conference held in Larnaca on May 28-29. Organised by the CMMI - Cyprus Marine and Maritime Institute and the Maritime Institute of Eastern Mediterranean (MarInEM), this conference brought together experts from over 10 countries to discuss pressing challenges and innovative solutions for marine and coastal environments in the Mediterranean.

“THALASSA 2024” conference was part of the “European Maritime Day” events and the United Nations Decade of Ocean Science for Sustainable Development.

Harris Kyriakides is proud to have supported and participated in “THALASSA 2024” and remains committed to supporting initiatives that advance sustainable development and marine science.

Harris Kyriakides proudly stands with the LGBTQIA+ community this . We embrace diversity, foster inclusivity, and champion equality every day.

Join us in reflecting, supporting, celebrating, and engaging in meaningful conversations. Together, we can make a difference.

+

The ELI and UNIDROIT convened a pivotal Dissemination Conference at the Austrian Academy of Sciences in Vienna on February 5 and 6, 2024. The event spotlighted the enduring significance of the ELI-UNIDROIT Model European Rules of Civil Procedure, introduced in 2021, which aim to harmonise procedural practices across European jurisdictions. Featuring discussions from nearly 80 experts, the conference underscored the rules' role in promoting fairness and clarity in judicial proceedings, with a particular emphasis on their ongoing translation into multiple languages for broader accessibility.

Read more at: https://bit.ly/3VtgLGR

Harris Kyriakides organised a Memorial Day at the Larnaca Municipal Theatre on Monday, May 13, 2024, in honour of its esteemed founder, Harris Kyriakides.

In a heartfelt tribute, the establishment of the Harris Kyriakides Foundation was proudly announced, dedicated to perpetuating his vision and legacy through a number of annual initiatives.

First, Harris Kyriakides Foundation announced that from 2023 to 2027 it will award an annual scholarship of £10,000 to a Cypriot student pursuing a Bachelor of Civil Law (BCL) or Magister Juris (MJur) at the University of Oxford, fostering excellence in legal education.

Second, the Foundation in collaboration with Harris Kyriakides will be supporting young lawyers through annual educational lectures on legal ethics and conduct, encouraging the next generation of legal professionals to uphold the highest standards.

Furthermore, in partnership with the Municipality of Larnaca, Harris Kyriakides Foundation will contribute to the development of the Salina Municipal Park. This urban oasis will connect with the Larnaca Municipal Garden, creating Larnaca’s largest green space and promoting progress and prosperity for the city and its people.

For more information about the Harris Kyriakides Foundation and its upcoming initiatives visit: https://bit.ly/4e8L7Wn

The Department of the Registrar of Companies and Intellectual Property (TEEDI) has announced the imposition of financial charges in regard to the Register of Beneficial Owners.

Read more at: https://bit.ly/4c7HEFX

The significance of effective legal protection and access to justice is underscored in the EU Council’s conclusions, vital for upholding and enforcing the rights enshrined in both the Charter and EU legislation.

Read more at: https://bit.ly/4bCShRe

Our partner, Nicolas Kyriakides, represented Cyprus for the 95th EJN (in civil and commercial matters) meeting in Brussels. Key discussions revolved around Small Claims, European Payment Order, and European Account Preservation Order Regulations.

Read the full news item here: https://bit.ly/3yDA1Zg