Artificial intelligence is the simulation of human intelligence processes by machines, especially computer systems. In business, artificial intelligence has a wide range of uses. Nowadays laws that have long protected people and their intellectual property are proving inadequate when AI is involved. The impact on ownership and copyright in AI-generated content is a topic of debate and legal challenges because of the uncertainties around human involvement and training data.
Our Head of Litigation Department Kyriakos Karatsis, our Partner Antonia Argyrou and our Senior Associate Savvas Theofanous have contributed to the Arbitration 2023 Chapter for Lexology Getting The Deal Through.
The following information will be required by the District office of each District in order for a permit to be issued for the acquisition of immovable property in Cyprus by aliens. In Cyprus, a foreigner can easily proceed with the acquisition of immovable property as long as the relevant permit is acquired.
EU citizens are entitled to acquire immovable property in Cyprus without any restrictions. Non-EU citizens can purchase immovable property, nevertheless, permission from the Council of Ministers is required and there are some restrictions.
This article discusses the importance of dispute resolution clauses in commercial agreements and considers litigation and arbitration as the ‘most common’ dispute resolution forums, by comparing them and summarising the pros and cons for each.
The Cyprus International Trusts Law of 1992 (Law No. 69(I)/1992) remained basically unaltered since its enforcement back in 1992. Realising that trusts have the potential of being used as the channel for foreign investments in or through Cyprus, legislature examined the concerns and attempted to improve the already existing legal framework in such a way so that to achieve the boosting of such investments.
N. Pirilides & Associates LLC has contributed to the Litigation & Dispute Resolution 2022 Chapter for International Comparative Legal Guide (ICLG) available to download at https://iclg.com/practice-areas/litigation-and-dispute-resolution-laws-and-regulations/cyprus.
It is not exaggerating to say that the rates of what we lawyers refer to as a case of “commercial fraud”, remain at record highs all around the globe and Cyprus is not an exemption to this record as the economic globalisation is increasing businesses’ exposure to fraud and the sophistication of the fraudsters’ fraudulent schemes is reaching across national boundaries.
Our Partner Kyriakos Karatsis and our Senior Associate Antonia Argyrou have contributed to the latest magazine of ThoughtLeaders4 FIRE with their article titled ‘Fraud and Worldwide Freezing Injunctions in Cyprus’, discussing the increased number of civil fraud disputes in Cyprus and the necessity of a clear framework for the protection of fraud victims.
The 5th Anti-Money Laundering EU Directive was transposed into Cyprus legislation through the Prevention and Suppression of Money Laundering Activities Laws of 2017-2021 (the “Law”) on 23 February 2021. According to the Law, companies and any other legal entities incorporated in Cyprus must obtain and maintain accurate and up-to-date information concerning the beneficial owner(s) of the company or legal entity.
N. Pirilides & Associates LLC has contributed to the Litigation & Dispute Resolution 2021 Chapter for International Comparative Legal Guide (ICLG) available at https://iclg.com/practice-areas/litigation-and-dispute-resolution-laws-and-regulations/cyprus
As it had been anticipated since the referendum result on 23.06.2016, the EU – UK Trade Cooperation Agreement did not include at all any provisions on jurisdiction and enforcement of judgments in civil and commercial cases, and of course, the Brussels Recast Regulation 1215/2012 is no longer applicable for enforcement of judgments within the EU. Consequently, it is really a “no-deal” situation for jurisdiction and enforcement of judgments.
Cyprus is perhaps the only Member State that has in force legislation which provides for the registration of “… judgments obtained in the Courts of the UK…”.