Areas of Practice
26th May 2015
An amendment to the Companies Law, Cap 113, has been approved in order to implement paragraph 3.9 of the Memorandum of Understanding agreed between Cyprus and the Troika, regarding the modernization of procedures in the Department of Registrar of Companies and Official Receiver.
The new amending legislation is also in line with the provisions of the updated Memorandum of Economic and Financial Policies (MEFP) regarding money laundering. In particular, the new law:
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