The House of Representatives has now adopted the third revision of the Cyprus Companies Law (Cap.113) within 2009 (Law 99(I) of 2009), introducing important innovations with a view to clarify, modernise and facilitate Cyprus corporate practice.

The European Commission has decided to pursue infringement procedures against Cyrus and four other Member States for failure to implement into national law an Internal Market Directive in the area of company law and corporate governance. The Commission

On April 21, 2009, the Russian Federation and the Republic of Cyprus signed a Protocol amending the Double Tax Treaty between the two countries, which has been in place since 1998. The new version of the treaty will come into force once the Protocol is ra