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 articleLaw 132(I)/2023, which entered into force on 12 December 2023, amends the “Sale of Real Estate (Special Execution) Law” and introduces a mechanism designed to protect the buyer when the property is encumbered with charges such as a mortgage or a deposited contract. It enables the transfer of titles, under certain conditions, even if such encumbrances exist, provided that the buyer fulfills his contractual obligations.
Read full article