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Investment Funds report growth in a pandemic environment

Τhe Investment Funds sector in Cyprus was significantly strengthened during 2021, even though the consequences of the pandemic and the uncertainty continued, according to the Cyprus Investment Funds Association (CIFA). The sector is now established as one of the most promising of the Cypriot economy and one of the fastest growing at a European level. Assets under Management (AuM) of Cypriot...

Pledge on a shares certificate

The pledge should be registered with the Registrar of Companies for the protection of the creditor   The creation and registration of a pledge over a certificate of a company’s shares in favour of a creditor-pledgee constitutes a form of security provided for the repayment of a debt or the fulfilment of a promise. This type of security is valid provided that its terms are evidenced in writing...

Nicosia property sales hit €3.3bn in last 5 years

Property sales across four major Nicosia municipalities exceeded €3.3 billion in value over the past five years, a report from independent real estate asset management and advisory firm WiRE has shown. The report concerns property sales that took place in the Nicosia, Strovolos, Engomi, and Lakatamia municipalities, with WiRE noting that the value of property sales is comparatively low...

Limassol property sales hit €6.3bn in last 5 years

Property sales across three major Limassol municipalities exceeded €6.3 billion in value over the past five years, a report from independent real estate asset management and advisory firm WiRE has shown. The sales took place in the Limassol, Germasogeia and Agios Athanasios municipalities and were the total value of more than 14,000 transactions. Meanwhile, property sales across Cyprus...

Landlord refusing to collect rent

Their refusal gives a tenant the right to be heard even though the rent has not been paid   The behaviour of a landlord and a tenant is examined by the rent control court and if a landlord refuses to collect rent or contributes to its non-payment, the court will give the tenant the right to be heard. The amendment to law 3(i)/2020 limits the right of the tenant to file a reply to an...

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