
Cyprus’ robust fund framework and status as a top ship management centre place it at the crossroads of alternative credit and maritime financing, according to Michalis Vasiliou, executive director at H.M. Pelagic Partners Ltd and board secretary at at the Cyprus Investment Funds Association (CIFA).
Read full article
In a recent judgment, the District Court of Nicosia dismissed an application by the Plaintiff to amend the Statement of Claim, applying the principles set out in the New Civil Procedure Regulations. The Court found that the proposed amendment was not in the interests of justice, taking into account the purpose of the proceedings, the timing of the application and the potential delay, and the prejudice likely to be caused to the opposing parties.
Read full article