#law

As a way of securing and repaying a debt, a court may issue an encumbrance order for the sale of a debtor’s shares in a private company. These court ...

The exercise of the right by a debtor to choose and determine for which debt he makes a payment binds the creditor who accepts it and they must allocate it ...

Following early termination of a tenancy, the owner of the rented property may find issues arise with the tenant, either regarding rent owed or compensation for damages to the landlord ...

Property disputes between ex-spouses can be settled by the issuance of a court decision, but this should be conditional and leave it to them to fulfil mutual obligations towards each ...

The Supreme Constitutional Court seems to have definitively untied a difficult legal issue by interpreting Article 23.4 of the Constitution, regarding whether a compulsory acquisition order whose purpose has been achieved, ...

The lease of premises creates a reasonable concern of the owner regarding any damage or failure to maintain the premises by the tenant. Therefore, each tenancy agreement contains a relevant ...

Raising a counterclaim is a procedural issue and depends on the party against whom a claim is raised before the rent control court. It is important that there is identification ...

The assignment agreement is increasingly being offered as a means of securing lending instead of a mortgage and is now being adopted more by banks for customer lending. The borrower ...

In the exercise of its discretion, the court may invoke the law of equity and order the specific performance of an agreement relating to immovable property, in the context of ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 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 ...

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 ...

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 ...

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 ...