Legal

The 4 Stages of Succession Planning for Family-Owned Businesses in Southern Cyprus

The 4 Stages of Succession Planning for Family-Owned Businesses in Cyprus

Financial, Legal /

Understanding the Law and Planning Ahead Succession planning is a crucial aspect of business management, particularly for family-owned businesses. In the context of the law in Cyprus, there are four stages to consider when planning for business succession. Identifying Potential Successors The first stage is identifying potential successors. This involves assessing family members or key […]

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cross-border-succession

EU Cross Border Succession Regulation

International, Legal /

National rules and regulations governing succession and inheritance matters vary significantly from one country to another.  Especially with the free movement of people across the EU, regulation of such matters was necessary at the EU level.  Accordingly, in 2012 the European Union (EU) introduced Regulation 650/2012 in an effort to simplify cross-border succession procedures, i.e.,

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Shareholders Rights Directive III: Now Coming into effect in Cyprus

Legal /

The Law on the Encouragement of Long-Term Shareholder Engagement of 2021 (Law 111 (I)/2021) (the “Law”), which has come into effect on May 12th 2021, transposes Directive (EU) 2017/828 (the “Directive”) into Cyprus law. The Directive revises its predecessor, Directive (EU) 2007/36, and regulates the exercise of certain shareholder’s rights for listed companies, while it

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