An individual`s or a company’s reputation is gained through hard work and usually well deserved. It should not therefore be lost as a result of defamatory content published on the internet. Today, as a result of the internet and it`s nature, an article, a blog comment, a forum comment, or a twitter comment can spread…
The possible participation of the ENI S.p.A. in the construction of a Liquified Natural Gas (LNG) terminal in Cyprus was among the issues discussed today at the meeting between the President of the Republic, Mr Nicos Anastasiades, and a delegation from ENI, led by its CEO Paolo Scaroni. The Minister of Energy, Commerce, Industry and…
The Republic of Cyprus has started negotiations with three energy companies to develop a liquefied natural gas (LNG) terminal at an estimated initial cost of $6 billion. Cyprus today signed a Memorandum of Understanding (MoU) with US-based Noble Energy and Israel’s Delek and Avner to negotiate the construction of an LNG terminal in Vassilikos Cyprus,…
The Central Bank of Cyprus announced on the 12.06.2013 that, following the decision by the Cyprus Clearing House for cheques, the duration of the validity of cheques issued with a date following the 31.03.2013 has increased from the current 3 month period to 6 months as of the date of issue. Additionally, the duration of…
On the 11th of June 2013, the European Commission published a proposal for a Directive facilitating claims for damages in national courts by victims of infringements of EU competition law. Violations of infringements of EU competition law include anti-competitive agreements between competitors, such as a price-fixing cartel, and abuses by individual companies of their dominance in…
Cyprus has concluded numerous Double Tax Agreements whilst certain other agreements are pending enforcement. The main purpose of these treaties is the avoidance of double taxation on income earned in any of these countries. Under these agreements, a credit is usually allowed against the tax levied by the country in which the taxpayer resides for…
Following the amendment of the Immovable Property Tax Law (No. 24/1980) on the 30.04.2013 by Law 33/2013 , all owners of property in Cyprus are now liable to pay an annual tax to the Inland Revenue based on their aggregate property holdings as of the 1st of January each year, on the basis of the…
Following the Cyprus government announcement of 25 March 2013 that Laiki Bank (Cyprus Popular Bank) and Bank of Cyprus Plc will be restructured, Theodorou Law is currently advising a number of high net individuals and companies, both local and international, on their potential rights to seek legal redress for the negative financial impact caused to…
Theodorou Law Firm is a Cyprus firm with experience in the successful resolution of complex and challenging disputes. We have experience and have gained a reputation in particular for recovering assets and preserving assets in cases of allegations of fraud. Over the last few months we have sought and obtained numerous freezing and disclosure orders…
Cyprus’ National Betting Authority (NBA) has issued a blacklist of some 270 online gambling sites to the country’s internet service providers (ISPs) have been ordered to block. The ISP`s have been given 72 hours notice to block access to the black listed sites, which under the new provisions of the law, are considered as offering…