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Inheritance Law in Cyprus

Guide to Fair Estate Planning

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Inheritance law in Cyprus, primarily governed by the Wills and Succession Law (Cap. 195), strikes a delicate balance between honoring the wishes of the deceased and safeguarding the rights of family members. This framework ensures that estates are divided fairly, reflecting both testamentary freedom and statutory protections. At its core, the law categorizes an estate into distinct portions, each with specific rules for distribution. Understanding these elements is essential for effective estate planning, as they influence how property is passed on, whether through a will or by operation of law. This article explores the key aspects of inheritance portions, spousal entitlements, relative succession, and the principle of contribution, providing a comprehensive overview for those navigating this complex area.

NIS2 Requirements in Cyprus

Navigating the Compliance Requirements and its Integration into National Law

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The NIS2 Directive was entered into force as of 16 January 2023 and as a revised version of the initial NIS Directive (2016) aims to further harmonise and set specific cyber security standards and obligations across the EU. In an ever digitally connected environment, cyber security has become one of the most significant components for the smooth and secure operation of the global markets whilst at the same time balancing the need for individuals to be able to interact in a digital environment that safeguards their rights and freedom.

Incorporating a Business in the United Kingdom: Key Advantages and Considerations

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The United Kingdom is recognised as a global hub for business incorporation, offering a combination of strategic location, supportive regulations, and attractive tax policies. This article outlines the main advantages of incorporating in the UK and explains why it continues to be a preferred destination for entrepreneurs and international businesses.

ECJ Ruling Clarifying VAT Treatment for Electric Vehicle Charging Services

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In a significant ruling (C-60/23), the European Court of Justice (ECJ) has provided clarification on the VAT treatment of electric vehicle (EV) charging services, a decision that has wide-reaching implications for businesses in the electric vehicle ecosystem, particularly those involved in charging services. The case concerned whether the supply of electric energy for the purpose of charging electric vehicles should be treated as a supply of electricity subject to VAT exemptions or reduced rates, in accordance with EU VAT rules. This ruling provides much-needed guidance for businesses and authorities in understanding how VAT applies to this rapidly growing sector, with particular relevance to the evolving legal landscape in Cyprus.

Update on the Return of the Parthenon Marbles to their rightful place

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From Cyprus to Australia, from Australia to London and from London to Greece, the struggle for the return of the Parthenon Marbles continues unabated. The impact that the initiative of the law firm, Michael Kyprianou & Co LLC, for the return of the Marbles is now unprecedented, with teams having been set up, both Cypriots and Greeks, who are now working tirelessly at the legal level to achieve the goal.

The legal campaign at international level on the issue was initiated by Savvas Savvides, a Senior Partner of the Michael Kyprianou law firm, and the dedication and intensive work of these teams is commendable and truly impressive. Emails and messages of support are being received from every corner of the world, which is most heartwarming. Despite any differences in views on the solution that could be found, these are being put aside and the focus is on a common goal: the return of the Marbles to the Parthenon.

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