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The Insolvency Practitioners Law, 64(I) of 2015 was published in the official gazette on 7 May 2015.
Among few other changes one significant amendment relates to the approval/appointment of Insolvency Practitioners.
As per the new legislation one can be appointed as a Liquidator, only if that individual is a certified Insolvency Practitioners. The conditions on becoming a certified Insolvency Practitioner are clearly stated in the Law.
In summary the following requirements have to be met:
- a university degree or equivalent qualification;
- at least three years’ experience as a lawyer, chartered accountant, actuary, officer or examiner in the government insolvency service, or equivalent experience in the financial sector;
- recent practical experience of insolvency work (600 hours or ten cases within the two years preceding the application);
- success in an examination of professional competence recognised for the purpose of the law;
- adequate professional indemnity insurance.
In order to be able to continue with our work and serve our clients in the related field, members of our Firm have now been fully licensed by the Cyprus Bar Association.
For any assistance in this filed of law please contact:
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For regular updates on our Firm and related legal fields please visit our full profile by clicking here
On the 14th April 2015, the ‘Cruise Casino Regulations’ (hereinafter referred to as ‘Regulations’) which are present in Subsidiary Legislation 400.03 of the Laws of Malta were put into effect as a result of Legal Notice 132 of 2015. The purpose for introducing these Regulations was to regulate casino operations on board cruise ships, which are either berthed in Malta or which are located within its territorial waters. The Malta Gaming Authority (the ‘Authority’) is to ensure that there is fair play in accordance with the Authority’s established fundamental principles and to safeguard the interests of the Maltese Gaming Industry as well as the interests of the passengers.
Legal 500 – 2015 Ranking
Our Law Firm continues strengthening its positions in the annual international Legal 500: Europe, Middle East & Africa rating.
We are proud to be considered as: ‘extremely responsive and client orientated’ providing ‘top-notch legal advice’ in relation to our main area of practice, Corporate and M&A.
For Litigation & Dispute Resolution we are considered to be the: ‘best and most creative teams in the region’
Due to our work and dedicated service provided to our clients in the practice area of Maritime and Admiralty we have improved our ranking to Tier 2 this year.
In other legal practice areas we maintain our high level position.
For a complete view of our profile on Legal 500: click here
In keeping with its mission to provide practical and authoritative information on doing business abroad, ChinaGoAbroad, along with TransAsia Lawyers, again hosted a workshop on “Risk Management for Outbound Investments” at the 6th China Overseas Investment Fair in Beijing.
Many thanks to our members and supporters who attended the Risk Management Workshop and visited our booth in the main exhibition area. We are proud to have received excellent feedback on the presentations, in particular their practical, hands-on focus.
The successful launch of the Yacht Registration Centre (Y.R.C.) was achieved on 5th December 2014. Through the creation of Y.R.C., Christodoulos G. Vassiliades & Co. LLC is extending the Firm’s vision a step further, reaching into the heart of the yachting business.
As the name suggests, Yacht Registration Centre is a centre whereby a team of experts, namely lawyers, tax advisors, accountants, administrators and shipping agents, have come together to combine and share their knowledge and experience in the field of yacht registrations in various jurisdictions, allowing clients to make informed choices as to the final step before sailing off; the choice of flag.
Y.R.C. provides full guidance and assistance in the pre-registration and registration processes and offers support in the period following the yacht registration.
In 2014, Christodoulos G. Vassiliades & Co. LLC acquired recognition from Legal 500 (EMEA) in their rankings for Europe, Middle East and Africa regions with regard to Cyprus law firms.
Our Firm was recommended for our contribution in the following areas of expertise:
- Corporate and M&A
- Dispute Resolution
- Intellectual Property
- Maritime and Admiralty
For more information on the specific tiers achieved, please visit Awards & Recognition
2014 marks a significant milestone for Christodoulos G. Vassiliades & Co. LLC, as it highlights 30 full years of professional experience. This special anniversary demonstrates the extraordinary and inspiring journey of how a single individual/advocate created a 170 employee law firm with widespread international reach. The Firm is universally cited as being one of the leading law firms in Cyprus.
Since its establishment, the Firm achieved success and rapid growth by providing sound legal advice with professionalism, efficiency and integrity. The Firm has developed and continuous to maintain its strong relationships with clients, partners and networks.
Letter from the Managing Director, Christodoulos G. Vassiliades
We are excited to announce the opening of Vassiliades & Co. (Malta) Ltd in Floriana, Malta on 1st February 2014. This marks another step in a period of expansion for our law firm and we hope to grow even further and that through the Malta office, we will be able to accommodate more clients who wish to benefit from our professional and quality tailored advice.
The address of the new office is 17 Macerata Street, Floriana FRN 1080, Malta. The office is hence located at the heart of the city centre.
The Malta office will cater for all services including Corporate and Immigration. In relation to immigration services, we have obtained the Malta Individual Investor Programme (IIP) License.
In recent times, Malta has become a highly sought after jurisdiction to third country investors, as it is the latest country to offer full citizenship through its new Citizenship-by-Investment programme.
The Maltese Government has recently amended its Citizenship programme to draw investors with the option of obtaining full citizenship (without residence permits), in exchange for a total investment of €1.150.000 (previously €650.000). This, among other important aspects of Malta, seems to be the cause of a rise in the country’s presence in the economic scene.
Malta also offers various favourable corporate tax schemes which when applied may permit a corporate structure to incur tax rates as low as 5%.