NEWS
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VACANCIES

Advocates

We intend to offer a vacancy for a qualified advocate at our office in Limassol.

The vacancy will be for our banking and commercial practice, and will entail involvement in litigation.

Qualifications:

  1. Degree in Law.
  2. Cyprus Bar qualification.
  3. Master’s Degree in a Banking or Commercial Law related direction or Bar Professional Training Course or Legal Practice Course for qualification in England and Wales will be considered as advantages.
  4. Excellent knowledge of Greek and English.
  5. Computer skills, including knowledge of Word, Outlook, and legal database research.
  6. Two (2) years’ experience in litigation, excluding traineeship. Candidates with at least one (1) year experience are nevertheless still encouraged to apply.
  7. Prior experience in banking and commercial practice, including litigation, will be considered as an advantage.

The vacancy offers opportunities for long cooperation and development, and consequently the selected applicant should be able to demonstrate dedication and commitment.

Interested applicants should submit a full CV, including grades of all qualifications, to careers@stylianides.com.cy.

All applications will be treated as strictly confidential.



Trainees


We regret we will not be offering trainee vacancies until June 2021.



Legal secretary


We intend to offer a vacancy for a legal secretary/paralegal at our office in Limassol.

The vacancy will entail involvement in:

  1. Litigation administration and support.
  2. Court Registry, Land Registry or other authority attendance and filings.
  3. Internal or external communication and correspondence management.
  4. Case and file management, both physical and electronic.
  5. General secretarial support to a team of advocates.
  6. Financial and expenses management.
  7. Office support work, including attendance at banks, service providers, courier or postal services and clients’ premises.

Qualifications:

  1. Degree, diploma or certificate in any discipline or in secretarial affairs.
  2. Computer skills, including knowledge of Word, Outlook and Excel.
  3. Excellent knowledge of English.
  4. Prior experience in legal secretarial work will be considered as an advantage.
  5. Experience in using Zygos legal software or the Registrar of Companies, Insolvency or other relevant databases will also be considered as advantages.

Interested applicants should submit a full CV, including grades of all qualifications, to careers@stylianides.com.cy.

All applications will be treated as strictly confidential.

 


EASTER HOLIDAYS


Our office will remain closed from 29/4/2021 until 4/5/2021. We reopen on 5/5/2021.




CORONAVIRUS (COVID-19)

We are pleased that our services remained and still remain unaffected by the coronavirus (COVID-19) outbreak.

As part of our corporate social responsibility, we do not only ensure full compliance with any government measures or recommendations, but will also take proactive measures for additional protection to members of our team and clients amid this outbreak, for which we kindly ask for your cooperation.

Due to the measures announced by the government , we are forced, among others, to currently:

  1. Limit external visits of members of our team to the absolutely necessary.
  2. Employ teleconferencing instead of meetings in person.
  3. Limit deliveries and client visits to the absolutely necessary.
  4. Suspend all travel plans.

In line with current recommendations, we are forced to discourage visits to our office by people who have travelled from abroad within the first 7 days as of their arrival in Cyprus.

We continuously use face masks. Due to the government measures currently in force, clients and visitors will need to use face masks when entering our offices.

All members of our team are keen to ensure that our clients enjoy the same level of service.



The implementation of the new eviction legislation after the temporary suspension of the proceeding due to Coronavirus:

by Iro Kyprianou

One of the recent measures that were adopted as a consequence of the Coronavirus outbreak, was the suspension of all pending eviction proceedings until 31/05/2020, in cases that the tenant was fully compliant with his obligation to pay rent until 29/02/2020.

As from 01/06/2020, statutory tenants cannot be protected for overdue rents, including unpaid rents for the period from 01/03/2020 to 31/05/2020. Hence, in order to avoid legal eviction proceedings against them, statutory tenants must pay any overdue rents to their landlords until 31/05/2020.

Otherwise, statutory tenants will be faced with the force of the recent amendments to the Rent Control Law, Law 23/1983, which were imposed by the Rent Control (Amendment) Law, Law 3(I)/2020. The aim of the amendments is to speed up eviction proceedings in new cases of eviction related to overdue rents, under some circumstances:

Firstly, the Rent Control Law only applies to statutory tenants who fulfil all the following criteria as set out in the Rent Control Law, Law 23/1983:

  1. The tenants must be Cypriot or EU nationals or entities controlled by Cypriot or EU nationals.
  2. The leased premises have been completed by 31/12/1999.
  3. The tenants have remained in possession of the premises at the expiration or termination of their lease agreements.
  4. The leased premises are within a controlled area, as determined by subsequent regulations, which by now include all cities in Cyprus and other specified areas.

Secondly, for the current year and until 31/1/2021, the overdue rents must be for a period after the publication of the Rent Control (Amendment) Law, Law 3(I)/2020, which was effected on 31/01/2020. Consequently, this new regime can currently only be employed against tenants that have not paid rents as from February 2020. However, if tenants  already have unpaid rents for a period before the enactment of the Amendment Law 3(I)/2020 and  do not  pay these within 12 months from the publication of the Law, which means until 31/01/2021, then as from 01/02/2021 the landlord can also take eviction proceedings against them under the new regime  for overdue rents related to months before the publication of the Amendment Law 3(I)/2020.  

Also, it is important to mention that the new regime does not apply to cases that have been filed in the Rent Control Court before 31/01/2020.

The main change brought by the Amendment Law 3(1)/2020, is that after the filing of an application at the Rent Control Court for eviction based on unpaid rents,  the pleading of the Response to the Application can be accepted by the Secretary of the Court only if it is accompanied by a receipt from the accounting department of the Court which certifies that the unpaid rents to which the Application relates have been paid in the day the application filed, or by a receipt issued by the landlord or the landlord’s representatives or by a deposit or transfer receipt for the demanded rents that is issued by the tenant’s bankers  which names the landlord or landlord’s representatives as beneficiaries. The decision of the Secretary of the Court to accept or decline the Response will be taken before the Court within three working days. The Court will have the final decision to accept or decline the Response and the Court’s decision cannot be appealed. In case that the Response is declined by the Court, a final decision and/or eviction order will be issued, and the time of compliance with the eviction order cannot be less than 90 days.

In summary, if the statutory tenant has not paid and cannot pay the Rents that related to the Eviction Application of the Landlord, he/she cannot proceed with the filing of the necessary pleading, which is the Response, in order to allow him/her to defend in the proceedings. In case that the Tenant fails to prove that he/she has paid the total amount owed as overdue rents, then an eviction order and/or decision will issue against him/her with at least 90 days for compliance. Within that time that will be determined by the Court and cannot be less than 90 days, the Tenants must return free and vacant possession of the premises to the Landlord.

 

Nine month suspension of loan instalments and interest to banks on performing loans

by Rafaella Georgiou

On the 29th of March 2020 with a majority of 31 against 24 votes, the House of Representatives passed the Law for taking extraordinary measures by financial institutions and regulatory authorities, which was published in the Official Gazette of the Republic of Cyprus on the 30th of March 2020. On the same date, 30th of March 2020, the Finance Minister issued a Decree for a nine month suspension of loan instalments and interest, aiming to support and invigorate households, businesses and self-employed, affected or threatened  by the Coronavirus outbreak and consequent crisis.

This piece of legislation falls into the scheme of measures aiming to prevent bankruptcies and unemployment by injecting liquidity into the economy.

According to the Decree of the Finance Minister, the payment of loan instalments and relevant interest is suspended until the 31st of December 2020, provided that eligible borrowers will express their interest. Eligible borrowers are natural persons, public bodies, self employed and businesses that had no arrears of over 30 days on the 29th of February 2020.

According to the Finance Minister’s Decree, the corresponding to the nine month suspension  accrued interest, will be added to the loan balance at the date of the expiry of the Decree, but both this accrued interest and the suspended instalments shall not become immediately due and payable. The repayment programme is automatically extended accordingly, and all contractual obligations as well as any securities remain unaffected.

It is worth noting that the above measure was taken after the European Central Bank announced that it will extend flexibility to the “unlikely to pay” classification of exposures covered by legally imposed payment moratoriums related to the Coronavirus outbreak.

It is indeed unprecedented that by law, the House of Representatives  is getting so explicitly and extensively involved in the private banking sector and private credit agreements, by regulating private interests, but what is also unprecedented is the existing situation with the Coronavirus crisis threatening the stability of the economy and the country’s  progress, since the financial crisis of 2013.



Temporary suspension of eviction proceedings

by Christos Stylianides

On 27/3/2020 the House of Representatives passed the Rent Control (Temporary Provisions) Law, Law 30(I)/2020, by which it temporarily suspends all pending eviction proceedings until 31/5/2020, provided however that the tenant was fully compliant with his obligations to pay rent until 29/2/2020.

Obviously, the aim of this temporary suspension is to allow time to statutory tenants that have been affected by the Coronavirus outbreak by providing a period of lenience and protection from eviction proceedings until 31/5/2020.

This Law does not waive the tenants’ obligation to pay rent for this period and will not protect them as from 1/6/2020 from eviction proceedings if they fail to pay all rents so accrued during this period.

Also, this Law and the suspension effected only applies to statutory tenants who fall within the protection of the Rent Control Law, Law 23/1983, as amended, these being tenants that are Cypriot or EU nationals or entities controlled by Cypriot or EU nationals who remained in possession at the expiration or termination of their lease agreements, and the premises who are leased are within a controlled area (which includes all cities and many wider areas) and have been completed by 31/12/1999.

It does not cover any tenants that that do not fall within the above category of statutory tenants and are consequently not protected by the Rent Control Law, or statutory tenants that have rents in arrears before 29/2/2020. It does not also affect the execution of already issued eviction orders or judgments.

However, the suspension of operations of all courts due to the Coronavirus situation necessarily means that such eviction proceedings will not effectively proceed until 30/4/2020, where the current Supreme Court decision for suspension of operation expires, unless extraordinary circumstances or urgency can be shown.

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