International Firm of Lawyers and Legal Consultants
Patrikios Pavlou & Associates LLC
Main OfficeLimassol 3035
Cyprus
+357 25 871599
+357 25 344548
Law Firm Overview
Patrikios Pavlou & Associates LLC is a top-tier, multi-award winning law firm based in Cyprus with significant experience in the international legal market.
Areas of Law
Articles Published by Patrikios Pavlou & Associates LLC
Cyprus update on Intra-Group Financing Arrangements
The Cyprus Tax Department (CTD) has notified the Institute of Certified Public Accountants of Cyprus (ICPAC) of their policy change in terminating the application of the pre-agreed minimum profit margins of 0.125% – 0.35% on qualifying intra-group back to back financing arrangements, with effect from 1 July 2017.
Read Article Cyprus Introduces Rules to Implement Country by Country Reporting Requirements
The Cyprus Minister of Finance issued a Decree on 30 December 2016, introducing a mandatory Country by Country (CBC) reporting requirement for multinational enterprise groups generating consolidated annual turnover exceeding €750m (MNE Group).
Read Article Amendment of Cyprus-India DTT
The Double Taxation Avoidance Treaty (DTT) between Cyprus and India has been signed on 18th of November 2016.
Read Article Cypriot Citizenship by Investment Revised Scheme, Approved by the Cabinet Early September 2016
The main goal of the revised scheme is a further encouragement of Immediate Foreign Investments.
Read Article Cyprus Signs Double Taxation Treaty with Jersey
The Republic of Cyprus signed an agreement for the avoidance of double taxation (‘DTT’) with Jersey, during a ceremony at London’s Cyprus High Commission on 11 July 2016.
Read Article Announcement of the Cyprus Ministry of Finance on the Double Taxation Treaty with the Republic of India
The Cyprus Ministry of Finance has officially announced that the negotiations on the double tax treaty (‘DTT’) with the Republic of India have been successfully completed on 29 June 2016, in New Delhi.
Read Article Double Tax Treaty between Cyprus and Latvia signed
The Republic of Cyprus and the Government of the Republic of Latvia signed in Brussels, on 24 May 2016, a Treaty for the Avoidance of Double Taxation on Income (‘DTT’).
Read Article Introduction of the European Markets in Financial Instruments Directive (MiFID)
For the purpose of harmonisation with the Directives 2004/39/EC of the European Parliament and of the Council on Markets in Financial Instruments (“the MiFID”), and Directive 2006/31/EC of the European Parliament and of the Council of April 5 2006 Cyprus enacted on November 2007 the Law 144 (I)/2007 (“the Law”), that provides for the Supply of Investment Services, the Exercise of Investment Activities, the Function of Regulated Markets and other related issues”.
Read Article Injunctions with Extraterritorial Effect
Before the accession of Cyprus to the European Union, the Cypriot courts did not have jurisdiction to issue injunctions with extraterritorial effect. This principle was established by the Supreme Court in the Pastella Case.
Read Article Power of Cypriot Courts to Issue Discovery and Disclosure Orders
The Supreme Court recently recognized and established the jurisdiction of the Cypriot courts to issue discovery and disclosure orders - known as Norwich Pharmacal and Bankers Trust orders.
Read Article Public Offers and Insider Dealing Publicity Guidelines - Cyprus Law
This article provides a short account of the Cyprus Republic (“Cyprus”) legislative guidelines (hereinafter the “guidelines”) in connection to publicity and the release of information and inside information when securities and financial instruments are offered to the public and/or admitted to trading on a regulated market. It should be noted that the present merely serves as an indicative supplement to the existing legal framework set below and it should be read closely together with the same.
Read Article Financial Assistance – Still an Issue?
The prohibition of financial assistance by a Cyprus company to purchase its shares or the shares of its holding company often stands as an obstacle in local and international acquisition finance transactions. However, expert legal advice may assist in providing alternative structures and solutions.
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