Following the financial crisis, Greece introduced significant reforms to reduce its high levels of non-performing loans (NPLs), enabling banks to clear balance sheets and revive the real estate market. A key measure has been the expansion of electronic property auctions through the national e-auction platform, which ensures transparency, legal certainty, and remote participation.

Governed by the Greek Code of Civil Procedure and recent legislative reforms, the process allows creditors to auction collateralised properties in a structured and regulated manner. Foreign investors can legally participate by obtaining a Greek tax identification number, appointing local legal representation, and completing due diligence before bidding.

As more properties enter the market through NPL resolution programs, Greece’s auction system is attracting institutional and private invest

Cyprus has taken a bold step forward in cementing its position as a credible fund jurisdiction with the adoption of the new Investment Fund Administrators (IFA) Law. Passed quietly in July 2024, this new framework may not have made international headlines, but it closes a longstanding gap in the country’s financial services ecosystem and signals a more mature, forward-looking approach to fund regulation.

In this article, we unpack what the law does, why it matters, and how it completes a puzzle that’s been slowly coming together over the past decade.

On 9 September 2025, the EU General Court delivered its first major judgment on the EU–US Data Privacy Framework (DPF) in Case T-553/23 (Latombe v Commission), rejecting an action seeking the annulment of the European Commission’s 2022 adequacy decision. The ruling marks a significant milestone for transatlantic data transfers, distinguishing the DPF from its predecessors, Safe Harbor (invalidated in 2015) and Privacy Shield (invalidated in 2020).

The applicant challenged the adequacy decision on several grounds, including concerns over U.S. surveillance practices, large-scale data collection, access to an independent tribunal, and safeguards against automated decision-making. The Court dismissed these claims, finding that U.S. law provides sufficient limitations and safeguards, including targeted intelligence collection under FISA, and that the newly established Data Protection Review Court satisfies the requirements of independence and effective judicial redress under Article 47 of the EU Charter of Fundamental Rights and Article 45 GDPR.

Importantly, the Court reaffirmed that an adequacy framework does not need to mirror GDPR identically but must ensure an “essentially equivalent” level of protection. The decision provides increased legal certainty for businesses relying on the DPF for EU–US data transfers and signals judicial recognition of U.S. reforms aimed at strengthening oversight and redress mechanisms.

While a potential appeal remains possible, the judgment offers cautious optimism that the DPF may provide greater stability for cross-border data flows within the EU–US economic relationship.

As companies evolve and ownership structures become more complex, the balance between majority control and minority protection becomes critical. Pre-emption rights, drag-along rights and tag-along rights are powerful legal mechanisms that shape how companies raise capital, manage dilution, and execute exits.

Under Cyprus Companies Law (Cap. 113, Article 60B), pre-emption rights provide existing shareholders with priority when new shares are issued, protecting them from unwanted dilution while ensuring transparency in capital increases. In contrast, drag-along and tag-along rights are contractual tools typically embedded in shareholder agreements. Drag-along rights empower majority shareholders to complete a sale without minority obstruction, while tag-along rights safeguard minority shareholders by allowing them to exit on equal terms when majority shareholders sell.

Together, these provisions create a structured framework that balances strategic flexibility with shareholder protection. For business owners, investors and company directors, understanding and negotiating these rights properly is essential to preserving value, maintaining confidence and ensuring smooth corporate transitions.

Law 146(I)/2025 introduces Article 14B into Cyprus’s Motor Vehicles and Road Traffic Laws, allowing drivers involved in minor road collisions to move their vehicles from the scene without waiting for police attendance, provided specific conditions are met. The reform aims to reduce traffic congestion, particularly during peak hours, and improve the efficiency of insurance claim procedures.

Vehicles may be moved only where there is mutual agreement between drivers, no bodily injuries, no need for police intervention, and where the vehicles are safe to relocate. Before moving the vehicles, drivers must notify their insurance companies, exchange full details, and document the scene through photographs in compliance with GDPR principles.

The law does not apply in cases involving uninsured vehicles, government-owned vehicles, or hit-and-run incidents. Importantly, moving a vehicle does not constitute admission of liability, abandonment of the scene, or breach of insurance coverage.

This amendment seeks to balance traffic efficiency with legal safeguards, promoting faster resolution of minor accidents while protecting drivers’ rights. Its effectiveness will depend on public awareness and responsible implementation.