A pledgee, under a Cypriot law pledge, who has in its possession the so called the Self-Enforcement Documents (i.e. original certificate of pledged shares, original duly signed and undated instrument of transfer of shares, original duly signed written resignations of the directors/secretary of the company, whose shares have been pledged to the pledgee, undated certificate duly signed by the secretary, that all filings to be made by new secretary are in compliance with the registers of the company etc.) is usually given by the terms of the relevant pledge agreement, the right and power, upon the happening of an Event of Enforcement, to inter alia proceed, without any further written notice to the pledgor, to put into effect the Self-Enforcement Documents, and to transfer the legal title of the pledged shares to the name of the pledgee or to its nominee, and to replace the directors and secretary of the company, whose shares have been pledged.  

In January this year, we were all saddened by the news that our Founder and Executive Chairman of the Leptos Group of Companies, Michael Leptos, had passed away.

To date, 103,283 people in Cyprus have received at least one Covid vaccination dose and 29,821 were given both jabs, reports said on Tuesday.

Insider is revealing the framework of the re-opening of restaurants on 16 March. According to the decree for the safe re-opening, there will be mandatory rapid tests for all employees before the opening and then once a week according to the proportionate percentage on the number of employees.

In the first two months, car sales continued on their downward spiral that started two years ago, compounded when the coronavirus pandemic struck the industry in 2020.

Cyprus, Greece and Israel on Monday signed an initial agreement to build the world’s longest and deepest underwater power cable that will traverse the Mediterranean seabed at a cost of about $900 million and link their electricity grids.

Cyprus has published a new inspiring video to draw tourists back to the island, focusing on a “whole new world” and inviting travelers to go on a quest to reconnect with nature and personal journey experience.

The Agreement between the Republic of Cyprus and the Arab Republic of Egypt for the Elimination of Double Taxation with Respect to Taxes on Income and the Prevention of Tax Evasion and Avoidance (known as the Double Tax Treaty (DTT) between Cyprus and Egypt) has entered into force on 31 July 2020, while the preceding DTT between the two States done on 18 December 1993 has been terminated.

Establishing Limassol as the main port of choice in the Eastern Mediterranean remains the vision of DP World Limassol port, its CEO Nawaf Adbulla said on Friday.

The beach of Latsi in Polis Chrysochous is sixth in the list of the 10 “secret” beaches of Europe that Travel and Leisure travel magazine proposes to travelers. The same list includes two Greek beaches, Psili Ammos in Patmos and Aretes in Chalkidiki which are on the 4th and 9th position respectively.