A largely discussed issue over recent times is a unilateral decision on rent increase. Information on the network appears to be contradictory. It is important to understand the significant difference in the regulation of rent in Cyprus, depending on the date of construction of the property.

The matter of recognition and enforcement of foreign arbitral awards is subject to the New York Convention of 1958 and Law 84/1979, by which this Convention was ratified in Cyprus, and also amended by the Law on International Commercial Arbitration 101/1981, drawn up on the UNCITRAL model. In addition, there is the Law on the enforcement of foreign judgments 121 (I) / 2000, which applies to the enforcement of judgments of third countries, since the enforcement of EU judgments is performed otherwise.

Nowadays, there is a lot of information on the Internet. However, it is very difficult to get handle on all the subtle details of law-application practice and understand if such information is relevant without the help of a specialist.

On 23 May 2019, the Shipping Deputy Ministry, via circular 10/2019, updated its policy regarding the compliance of vessels registered under the Cyprus flag.

The Cyprus companies can be closed down through liquidation (voluntary or enforced), or they can simply be struck off the Registrar of Companies.

New amendments to the Cyprus Companies Law are related to the strike-off procedure.

On June 18, 2019, the Council of Ministers of Cyprus approved a National Strategy on Decentralized Technologies and Blockchain. The use of these technologies is encouraged in both the public and private sectors (in the financial services sector, which deals with the banking). It is expected that transactions will be transformed in the coming years.