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Employment Law Update: Regulation (EU) 2019/1149 establishing a European Labour Authority

Employment Law, NewsBy Admin September 10, 2019

Regulation (EU) 2019/1149 setting up the European Labour Authority (ELA) came into force on 01.08.2019. The ELA will be based in Bratislava (Slovakia) and will aim to facilitate access for individuals and employers to information on their rights and obligations, support cooperation between national authorities in cross-border situations, by helping them ensure that the EU rules that protect and regulate mobility are easily and effectively followed and to provide mediation and facilitate solutions in case of cross-border disputes, such as in the event of company restructuring involving several Member States.

Employment Law Update: Directive (EU) 2019/1152 on transparent and predictable working conditions in the EU

Employment Law, NewsBy Admin September 2, 2019

The European Parliament and the Council adopted Directive 2019/1152/EU on transparent and predictable working conditions. The Directive will provide new rights for all workers, and in particular addresses the insufficient protection for workers in more precarious jobs.

Insights: Partnership Law in Cyprus

Commercial, InsightsBy Admin July 25, 2019

A Partnership is the relationship which subsists between two or more persons carrying on business in common with a view to profit. Partnerships are governed in Cyprus by the Partnership and Business Names Law, Cap. 116.

Insights: Employee Separation Agreements

Employment Law, InsightsBy Admin July 17, 2019

There are several ways in which an employment relationship may come to an end. An employment relationship can end by means of resignation, retirement, dismissal, redundancy or upon the expiry of a fixed-term contract.

Employment Law Update: Directive (EU) 2019/1158 on work-life balance for parents and carers

Employment Law, NewsBy Admin July 13, 2019

The Directive was published on the 12.07.2019 and comes into force on the 01.08.2019. The directive has to be implemented into national law by the 2.08.2022 at the latest.

The Directive “lays down minimum requirements designed to achieve equality between men and women with regard to labour market opportunities and treatment at work, by facilitating the reconciliation of work and family life for workers who are parents, or carers”.

Insights: Reinstating a Cyprus Company struck-off the register

Company, InsightsBy Admin July 5, 2019

A Cyprus company which has been struck off the register can be reinstated, depending on the circumstances, either by an application to the Registrar of Companies or by an application to the District Court.

Insights: Corporate Governance and Shareholders Agreements

Commercial, InsightsBy Admin June 28, 2019

A shareholders’ agreement is an agreement entered into by the shareholders of company and which stipulates their respective rights and obligations. The shareholders’ agreement can regulate the shareholders voting rights, protect a minority shareholder`s interests and provide how a company is going to be run.

Company Law Update: Registration of Charges

Company, NewsBy Admin March 16, 2019

The Registrar of Companies and Official Receiver announced on the 15.03.2019 that following clarifications received from the Attorney General regarding Article 90 of the Companies Law, Cap. 113, charges relating to the pledging of foreign share certificates or the charges resulting from them, will be accepted for registration as was the practice previously. The announcement…

Insights: Cross Border Mergers of Cyprus Limited Liability Companies

Commercial, InsightsBy Admin July 18, 2018

Following the implementation of Directive 2005/56/EC (Cross-border Mergers Directive) into local law by Law 2 of 186(I) of 2007, Cyprus Companies Law, Cap. 113 now provides the framework for cross-border mergers of limited liabilities companies, where at least one of the merging limited liability companies is a Cyprus company or where the limited liability company resulting from the cross-border merger is a Cyprus company.

Company Law – Procedure for increasing the share capital of a Cyprus Company

Company, InsightsBy Admin July 9, 2018

A Cyprus company limited by shares or guarantee and having a share capital, may, if so authorized by its articles of association, increase its authorised share capital (Section 60 of the Companies Law, Cap 113).

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