Yesterday 30 November 2023, the Plenary of the House of Representatives approved the extension of the Debt Restructuring provisions until the 31st December 2024.
The Debt Restructuring provisions allow for various tax reliefs and incentives in respect of transactions involving transfer of immovable properties by debtors to lenders, reflected in seven different laws. The context of Debt Restructuring has been consecutively extending since 2015 (when it was initially introduced) and yesterday the House of Representatives approved the sixth extension to 31 December 2024.
The tax reliefs and incentives granted in the context of Debt Restructuring mainly involve:
Contact our team at info@pamboridis.com should you wish to find out more.
The basic principle, central prerequisite and condition for the application of the TUPE Law is that the “transfer” must concern: Therefore, in order to determine whether a particular transaction falls within the scope of the TUPE Law, particular importance is attached to whether (a) an organized group of resources has been transferred and, furthermore, (b) […]
Mandatory Electronic Registration: Under the Transparent and Predictable Working Conditions Law 25(I)/2023 and based on Regulation ΚΔΠ455/2024, an important administrative obligation has been imposed on all employers of the private sector to submit the essential terms of employment of all their employees to the government electronic platform “ERGANI”. Employers who fail to comply risk facing […]
This article examines the extensive power of the Attorney General in Cyprus to suspend criminal prosecutions (nolle prosequi), highlighting how the lack of clear legal criteria, transparency, and external oversight raises significant concerns for accountability and public trust in the justice system. It outlines how European institutions and judicial bodies have repeatedly criticized this framework […]