George Coucounis

‘There is a need for reform of the relevant legislation for the acquisition of immovable property by aliens’ THE acquisition of immovable property by British citizens after December 31, 2020, when the ...

‘Fair rent does not mean reasonable rent but is the market rent minus the legislative exceptions’ THE determination of fair rent by court regarding houses and shops situated in a ...

“The service of the notice Type IA is done first by registered letter and not directly by a private bailiff” A mortgage creditor, in the event of a mortgage debtor ...

“No writ of sale is issued, unless the debtor has no movable property” A creditor who secures a judgment against a debtor may register it as an encumbrance – memo – with ...

‘There is a remedy available to the landlord when the tenant’s reply is accepted by the court without payment of the rent’ THE new provision added to the rent ...

“The letter of guarantee safeguards the fulfilment of transactions” A letter of guarantee constitutes a strong security of fulfilment of contractual obligations and gives credibility to the transactions. The letter ...

“The buyer of a property through auction is considered bona fide and safe” The process of selling a property through auction as well as its transfer, according to the provisions ...

“The remedy to correct court proceedings is a duty to restore justice” The principle of natural justice requires that a person affected by an order or decision of the court ...

“It has no jurisdiction in an application for execution of a judgment for costs” The eighth amendment of the constitution with Law 130 (I)/2015 amended article 146 provides for the establishment, jurisdiction ...

“Local referendums necessary for the reform of local self-government” The credibility of the political system, politics and politicians, is once again being questioned by the citizens and Cyprus exposed to ...

The readiness of hotels to welcome tourists is a given and the efforts of tour operators, especially British ones, towards starting flights from May, creates the prospect of the tourist ...

“Due diligence protects the potential purchaser in his choice” The term due diligence refers to the process usually initiated by the buyer of an immovable property or a business, through ...

“It can be renewed if the conditions set by the law are cumulatively met” The creditor who secures a court judgment against a debtor can register it with the land ...

“A requisition order is an exceptional measure to cover only urgent needs” The requisition of an immovable property intends to serve the public and is an exceptional measure to cover ...