Sayenko Kharenko announces new partner promotion
Sayenko Kharenko announces new partner promotion Sayenko Kharenko is delighted to announce the appointment of Maksym Nazarenko as a new partner in the firm’s antitrust & competition practice. Click here.
Supporting local and international charitable organizations
As one of the leading law firms in Cyprus, we are active promoters and supporters of local economic growth by sponsoring local events, applying environmental-friendly practices, minimizing our ecological impact, and most importantly, by raising money for local charities and non-profit organizations.
Has the rapid development of technology and AI created accounting challenges for your clients?
The following article discusses session three in the IR Global Virtual Series on 'The Advent of AI: Embracing Technology in Accountancy'
Stricter supervision in relation to the Scheme for Naturalisation of Investors in Cyprus by Exceptio
Recently there were a lot of publications within the European Union expressing concerns about the allegedly very high number of Cypriot passports being given to foreign investors the last few years. The Council of Ministers has decided on 9th January 2018 with the decision with number 84.069, to impose a stricter supervision of all the …
19% VAT on Plots
In order to harmonize the Acquis Communautaire on the Taxation of untapped and undeveloped plots of land, the Cyprus Government enacted, on 03/11/2017, relevant legislation for the imposition of 19% Value Added Tax (VAT) on these properties, with a date of enforcement being 02/01/2018. The relevant legislation refers to plots/pieces of land offered and/or provided for …
Unfair contract terms
The Unfair Contract Terms Law 93(1)/1996 (the “Law”) as amended, implements the EU Directive 93/13/EEC of 5 April 1993 regime into national law. The objective of the aforementioned legislation is the protection of consumers in the European Union from unfair terms and conditions which might be included in a standard contract for goods and services they purchase. …
Foyen successfully represents client before the Court of Appeal
Press release 18th of December 2018 Partner Jonas Nilsson and associate Johanna Lenell have successfully represented one of Foyen’s clients before the Court of Appeal for Western Sweden. The judgment was issued on 18 December.
Bär & Karrer Advised the Issuer in the Rights Offering of Cavotec SA
On 10 January 2019, Cavotec SA completed a capital increase by way of a rights offering to its shareholders in the amount of approximately CHF 22.4 million. The Cavotec group, with its Swiss holding company listed on Nasdaq Stockholm, is a leading engineering group that designs and manufactures automated connection and electrification systems for ports, …
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Quarterly Update on Trade Defense Cases in Turkey (December 2018)
In Turkey, the authority to initiate dumping or subsidy examinations, upon complaint or, where necessary, ex officio, is given to the Ministry of Trade ("Ministry"). Within the scope of this authority, the Ministry announces its decisions with the communiqués published on the Official Gazette.
Proposal regarding mining waste could prove a costly business for mining operators
On June 1, 2017 the Swedish Government decided to instruct an investigatory committee to analyze the potential actions or measures necessary to efficiently ensure that sufficient collateral security is in place in mining operations for remediation and other restorative measures. The investigation adopted the name the “The investigation into financing regarding mining waste” and was …