Ranking of securities ‘pari passu’
The latin term ‘pari passu’ is used as terminology in legal, financial and other areas of everyday business and conveys the meaning of equal and proportionate treatment without priority.
In ...
Articles
Legalising a change in use of rented premises
The parties to a rental agreement normally agree as to the use of the demised premises and a term is included obliging the owner to sign any necessary application for ...
A notary exercises preventive administration of justice
The introduction of the notary, who is an officer of preventive administration of justice, in Cyprus, as it exists in Germany and other countries, will solve several problems that constantly ...
Purchase of a share of co-owned land
The division of a piece of land into separate plots constitutes an important procedure which is subject to the town-planning restrictions on the land, the requirements set by the law ...
Revocation of mutual-mirror wills
The disposal of a property through a will is similar to disposal of a property by way of a gift during one’s lifetime, an act which demonstrates the love ...
The lawyer-client relationship is based on trust
Every lawyer must have as a primary concern the interest of the client, who often seeks advice in view of investment, activity or property development. They should be honest, sincere ...
Specific performance of an oral sale contract
The right of a person seeking implementation and specific performance of an agreement concerning a contract of property sale, exchange, assignment, consideration or distribution can be safeguarded by a written ...
Bill of exchange holders and valuable consideration
A bill of exchange is a document that belongs to the category of securities and is a means of securing credit and servicing transactions. The only signature required for its ...
Sharing of land division costs
Co-owners must share the costs of dividing their land according to their share
Co-owners should find solutions for the development, division or sale of their property and avoid disputes that ...
Trespass on jointly owned property
External walls and roof of an apartment building are jointly owned property
The standard regulations for co-owned buildings set out in the Annex to the Immovable Property Law, Cap.224, determine ...
Preparation of court minutes for party’s submission
The preparation of court minutes before a Civil Court for the purpose of commenting on the testimony given is not a right of a party nor is it a prerequisite ...
Secondary employment of a civil servant is illegal
It may lead to disciplinary and/or criminal prosecution
Secret secondary employment of a civil servant, under a spouse’s name instead of their own, happens in Cyprus. It is ...
Leave of the court of liquidation covers appeal
The relevant provision of Article 220 of the Companies Law Cap. 113 provides that in the event that a company liquidation order has been issued or a temporary liquidator appointed, no action ...
The content of Type IA notice to a mortgagor
The Type IA notice must state the amount due and the amount interest, not the interest rate
A mortgagor whose mortgaged property is in danger of being sold at public ...
Erection of extra floor by developer
The buyer of an affected apartment is entitled to terminate their sale agreement and claim their money back and compensation for any damage suffered
A seller who chooses to add ...
Breach of a contract of consideration
The issue is to put an owner in the position they would have been in if the consideration agreement had been fulfilled
An owner who agrees to give their land ...
The right to know the reasons for being sued
A defendant has the right to know why they are being brought to court in order to be able to defend themselves
It is the fundamental right of every defendant ...
Referral of a preliminary question to the ECJ
The national court refers a legal question of interpretation of EU law and the acts of its institutions to the ECJ
Article 1A of the constitution enshrines the supremacy of ...
The property market is flying in Larnaca
The new projects that will turn it into a metropolis have not yet begun
The city of Larnaca and the communities that surround it along its seafront are very high ...
Waived or abandoned court judgment
If a beneficiary does not comply with a judgment obtained upon condition, they are deemed to have abandoned it
The wording of a court judgment or order is significant and ...
Waived or abandoned court judgment
If a beneficiary does not comply with a judgment obtained upon condition, they are deemed to have abandoned it
The wording of a court judgment or order is significant and ...
The court determines the fair rent once
The purpose of the legislator is to determine fair rent so that it corresponds to rents in the market
The Rent Control Court determines the fair rent once so that ...
A sale contract tailor-made for the vendor
The terms of purchasing an immovable property are a decisive factor as well as its price
Entering into a sale contract that is tailor made for the benefit of the ...
Interpretation of the law on specific performance
The changes made in the Sale of Immovable Property (Specific Performance) law serve to the maximum extent the buyer of a property who files his sale contract at the Land ...