Variable Capital Investment Companies – Lapse of grace period
Further to the announcement below issued on the 5th of November 2021, we would like to alert relevant entities that the grace period (for existing VCICs) lapses on the 5th of November 2022, affected entities may reach out to our firm for...
Beneficial Ownership Register and GDPR
Beneficial Ownership Register Following the implementation of the EU's Fifth Anti-Money Laundering Directive2 on 30 May 2018, all EU Member States must pass legislation maintaining publicly accessible beneficial ownership registers....
NFTs and Copyright Laws
NFTs and Copyright Laws The purpose of this article is to provide a brief overview on the NFTs potential implications for copyright holders and copyright law, rather than to present an overall assessment of NFTs and each type...
International Day of Seafarers
25th of June was the International Day of Seafarers During this critical pandemic period, seafarers delivered more than 90% of world trade. Did you sound your horns? Cyprus is a maritime destination for numerous reasons, it is a power-ship ranking 11th largest fleet...
Cyprus Securities and Exchange Commission R.A.D 269/2021
On the 25th of June 2021, the Cyprus Securities and Exchange Commission published the R.A.D 269/2021 which provides guidance and sets forth additional regulatory requirements to eligible parties regarding the provision of services of financial products that fall...
Registration of commercial vessels
Spyros Arotis- Elena Aroti & Associates would like to announce its successful collaboration with LemonBuoy in the registration of commercial vessels under the Cyprus Ship Registry for both Cypriot and Foreign Maritime Owners and would like to take this...
Prevention of Bank from freezing and/ or blocking bank accounts
Spyros Arotis- Elena Aroti & Associates applied for, at Court, and acquired successfully through an ex parte application an interim order preventing the Respondent Bank from continuing the preservation and/or freezing and/or blocking of the bank accounts of (our...
Spyros Arotis- Elena Aroti & Associates would like to thank the US Embassy in Cyprus for listing it as a business service provider
Spyros Arotis- Elena Aroti & Associates’ legal team through their years of experience and practice have been profoundly involved in offering legal services to individuals, businesses and public organizations. The legal team’s experience and practice expands among...
Mini Alternative Investment Fund Managers Law
Mini Alternative Investment Fund Managers Law Cyprus Securities and Exchange Commission has announced amendments to the Alternative Investment Fund Managers Law 56 (I)/2013, allowing the licensing of Small Alternative Investment Fund Managers (‘Mini AIFM’). The Mini...
Έκτακτα Διατάγματα ένεκα Κορονοϊου
1.Στις 26/3/20 το Υπουργικό Συμβούλιο ενέκρινε Νομοθεσία που αφορά στην αναστολή, μέσω νόμου και διατάγματος του Υπουργού Οικονομικών, της αποπληρωμής δόσεων κεφαλαίου και τόκων για δάνεια προς χρηματοοικονομικούς οργανισμούς για περίοδο εννέα μηνών, μέχρι την...