The Use of Electronic Signature in Cyprus During the Coronavirus The coronavirus pandemic has increased the need to conduct non face-to-face business by using electronic means that, nowadays, can be…
COVID-19 Updated Cyprus Government Economic (Support) Measures The government’s economic support measures in relation to the support of employees and businesses were renewed, expiring on 12 June 2020. These…
COVID 19-Cyprus Government Economic (Support) Measures The global crisis caused by Covid-19, which affects the sustainability of states and the survival of people and businesses, hasn’t left Cyprus unaffected. The…
The Law regulating Airbnb Accommodation in Cyprus In January 2020, the Regulation of the Establishment and Operation of Hotels and Tourist Accommodation Law (the “Law”) has been amended to cover…
Temporary and Permanent Residence Permits in Cyprus Permanent Residence Permits Investors’ Residence Permits An expedited procedure exists for granting a residence permit to third country nationals who…
Amendments to the Rent Control Law Tenants who fail to pay relevant rent are protected by the Rent Control Law 23 of 1983 (the “Law”). Due to procedures and delays…
UK's withdrawal from the EU The United Kingdom (UK) is withdrawing from the European Union (EU) today, the 31st of January 2020. As a result, the Withdrawal Agreement, which…
Michael Damianos & Co LLC advises EBRD on up to EUR 10 million financing to Kormotech We are happy to have assisted, on the Cyprus level, the European Bank…
Compliance of the municipalities – members of the Nicosia Development Agency (ANEL) with the European Data Protection Regulation (GDPR) The project is being undertaken by Michael Damianos & Co LLC…
Michael Damianos & Co LLC significant deal in 2019 The firm assisted Rybalkin, Gortsunyan & Partners in advising a member of AEON Corporation with respect to the acquisition of Fincraft…