Patsalides Law

On 18 November 2024, Directive (EU) 2024/2853 on liability for defective products was published in the Official Journal of the European Union, repealing Council Directive 85/374/EEC and bringing to a close nearly four decades of largely unchanged product liability law in Europe. Member States must transpose it by 9 December 2026. The new Directive constitutes […]

The recent amendment to the Income Tax Law (118(I)/2002) by Amending Law 244(I)/2025 introduces significant provisions regarding the taxation of ex gratia payments made upon termination of employment. This article sets out the current legal framework and the practical implications for employees and employers. 1. Definition and Legal Basis for Taxation The term “ex gratia

Introduction The Regulation of Overdue Social Insurance Contributions (Amending) Law of 2026 [Law 79(I)/2026], amending the regulatory framework established under the predecessor scheme of 2021, has come into force, a piece of legislation that provides relief to thousands of employers and self-employed people with accumulated debts to the Social Insurance Fund. The regulation forms part

When Does Business Power Transform from a Right to Success into a Tool for Market Oppression? This question reflects the fundamental dilemma of competition law: how can it permit economic development and the enhancement of efficiency, whilst simultaneously preventing the abusive exploitation of a dominant position. Article 102 TFEU sets the limits of this balance,

We are pleased to announce a significant legal victory in a landmark consumer protection case before the Supreme Court of Cyprus. The case, Dickran Ouzounian and Company Limited (trading as Lexus Cyprus) v. Christou Efstratiou (Civil Appeal No. 372/2016), concluded with a judgment delivered on 1 August 2025, reinforcing critical consumer rights protections in Cyprus.

The ultra vires doctrine constitutes a fundamental principle of English company law, which historically finds its roots in the case of Ashbury Railway Carriage and Iron Co Ltd v Riche (1875). The phrase ultra vires means “beyond the powers” and, as such, cannot be monopolised exclusively in the field of company law. In legal science,

Cypriot corporate law, largely based on English company law, recognises the importance of balancing majority power with the need to also protect the interest of the minority. At the core of corporate governance lies the protection of minority shareholders’ rights, as their continued safeguarding is essential for a stable and productive business environment. Consequently, mechanisms

Social media has fundamentally transformed how we interact and share information. What was once a private conversation has become a public comment, and personal moments are now digital content shared across platforms. This shift raises important questions about privacy, consent, and data protection, particularly under the General Data Protection Regulation (GDPR). While social media could

NAVIGATING LEGAL COMPLIANCE IN DECENTRALISED SYSTEMS – CHRISTOS PATSALIDES LLC

1. Powers and Role of the Board of Directors The Board of Directors exercises the general management and administration of the company’s affairs, excluding those powers that, under the Companies Law (Cap. 113) or the company’s Articles of Association, are reserved exclusively for the General Meeting. Shareholders may exercise control over the directors’ actions through