The Law Commission in its Consultation Paper on Directors’ Duties 1998 (CP 153), explained the term ‘’nominee director’’ as referring to persons who, independently of the method of their appointment, but in relation to their office, are expected to act in accordance with some understanding or arrangement which creates an obligation or mutual expectation of loyalty to some person or persons other than the company as a whole.

The Cyprus Investment Funds (CIF) sector and its significant progress up to this date, was the highlight of the two-day International Funds Summit which began on Monday 11 November 2019, in Nicosia, Cyprus.

A new global report from PwC titled “Are we ready for the Fourth Industrial Revolution?” finds consumers are getting on board with Fourth Industrial Revolution (4IR) technologies, with 90% using at least one 4IR technology.

Cyprus’ economy expanded by 3.2% in the third quarter of 2019 on an annual basis, racking up 19 quarters of consecutive growth, official data showed recently.

The IDC MarketScape model is based on a comprehensive evaluation framework and is a study that assesses the global capabilities and business strategies of 11 prominent digital strategy consulting suppliers, focusing on both short- and long-term digital strategy consulting services for clients.

Cyprus had six billionaires in 2018, one less than in 2017, but their combined wealth rose from $17.6 b to $19.9 b, beating the worldwide trend, according to the latest UBS and PwC Billionaires Insights report.

Ryanair has announced two new summer 2020 routes that will improve Paphos flight connections with Poland and has launched a seat sale to mark the occasion.

Significant progress achieved in the Cyprus investment funds industry was highlighted at an International Funds Summit in Nicosia with 580 participants.

Revenue from Cyprus tourism edged up 0.8% in August 2019 reaching €431.6 million on the same month last year, in the first increase since April.

The collapse of British air and tour operator Thomas Cook sent alarm bells in the tourism industry in Cyprus and Greece, with Cypriot hoteliers facing a €50 m shortfall due to the inability of the group to meet its obligations.