The Transparent and Predictable Working Conditions Law of 2023 (Law 25(I)/2023) transposes into national law the EU Directive 2019/1152 and repeals the Information of Employees on the Terms of Employment Law of 2000 (Law 100 (Ι)/2000).
The Transparent and Predictable Working Conditions Law of 2023 (Law 25(I)/2023) (the “New Law”) came into force this year and as of 13 April 2023 applies to all new and existing employment relationships aiming to improve working conditions by establishing new minimum rights to employees and new obligations to the employers.
The most significant change of the New Law is that the probation period is now clearly fixed to maximum 6 months for all existing and future employees, excluding Director/Executive positions. Employers cannot now extend the probation period up to 2 years as they were previously allowed under the Termination of Employment Law.
The New Law introduced various other changes, the most notable of which are:
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Payments, Deductions, Payroll, Record Keeping, Penalties. Important provisions on the protection of employees’ wages in accordance with the Protection of Wages Law 35(I)/2007, as amended (the “Protection of Wages Law”): Payments: As a rule, employers must pay employees’ salaries as follows: Cash payments are allowed only in exceptional cases explicitly outlined in the Protection of […]
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 […]
A proposal for a new law regulating the working conditions on Telework in the private sector has been approved by the Plenary of the House of Representatives last Thursday, 16 November 2023. Despite the developments that have taken place in recent years at national level in relation to telework and its gradual implementation by companies, […]
We wish to welcome to our firm Mr Petros Karides. Petros will complete his pupillage with our Firm and will rotate to all departments during his pupillage.
We wish to welcome to the Firm our new Associate, Mr Constantinos Stoumbiotis to our firm. Constantinos joined us on 1st January and will be working our of our Nicosia office in our Corporate and Commercial Law department.
Pamboridis LLC is looking to hire on a Part time basis (9:30am to 1:30pm), a Secretary to assist our Partners at our Non-Contentious department. The said individual must be fluent in Greek and English and must have very good knowledge of Microsoft Office including Word and Excel.
Pamboridis LLC is delighted to announce that on October 1st 2023 we celebrate our twenty year anniversary. These have been twenty years of continuous development and effort to achieve excellence, providing our clients with top of the range legal services.
We are looking to recruit a corporate lawyer to join our commercial department, in Nicosia. Candidates should have 3+ years PQE on company law matters especially reviewing, drafting and negotiating commercial agreements including SPAs, SHAs, JVAs and handling finance, banking and M&A transactions.