Patsalides Law

Introduction: The General Healthcare System (GHS/GESY) in Cyprus was established to ensure universal access to healthcare services for all Cypriot citizens, regardless of their social or economic status. It was introduced through the General Healthcare System Laws, Law 89(I)/2001, and was implemented in phases, with the first phase commencing on 1 June 2019. The full […]

At Christos Patsalides LLC, we specialise in trust structuring, asset protection, and wealth management solutions for high-net-worth individuals, entrepreneurs, and families. A Cyprus trust offers a powerful legal framework to safeguard your wealth, ensure financial security, and facilitate seamless succession planning. Our Cyprus Trust Guide provides a comprehensive overview of Cyprus trusts, their benefits, and

The European Commission has withdrawn its AI Liability Directive, a move that has sparked debate over AI accountability and regulatory simplification. Originally proposed in 2022, the directive aimed to modernize EU liability laws by addressing legal gaps created by AI-driven decision-making. It sought to ensure that individuals harmed by AI systems could seek redress through

On 12 June 2024, Regulation 2024/1689, also known as the European AI Act,  was published in the Official Journal of the European Union (EU), establishing a unified framework of harmonised rules governing the use and operation of Artificial Intelligence (AI) systems within the internal market. AI refers to the branch of computer science that develops

A significant legal issue that Cypriot courts have not yet addressed is the potential conflict between a company’s memorandum and articles of association and a private agreement between the company and/or its members with third parties. First and foremost, according to the Contract Law (Cap. 149), the binding nature of any contract entered into between

Business Activities of a Cypriot Company Upon incorporation, a company begins to operate and conduct its activities according to its objects, as set out in its memorandum of association and the rules stipulated in its articles of association. The memorandum defines a company’s legal capacity. The company’s objects extend beyond those explicitly stated and include

The Department of the Registrar of Companies and Intellectual Property (DRCIP) of the Republic of Cyprus has introduced significant updates to the penalties, deadlines, and overall compliance framework for the Ultimate Beneficial Ownership Register (UBO Register). Below is a summary of the key changes that are particularly relevant for companies and legal entities operating in