KPK Legal has been included as a recommended firm for a second consecutive year by the recently published “Legal 500” rankings of law firms .
Legal 500 is an independent legal rankings directory that has been analysing the capabilities of law firms across the world, with a comprehensive research programme. It assesses the strengths of law firms in over 100 jurisdictions. The rankings are based on a series of criteria which aim to highlight the practice area teams who are providing the most cutting edge and innovative advice to corporate counsel.
This year’s recommendation relates to our Commercial, Corporate and M&A practice which was described as follows : “Kannava, Kitromilidou & Co LLC works for local and international clients across the whole gamut of corporate and commercial mandates. Varnavas Playbell and Maria Kitromilidou are the key names”
Notwithstanding its young nature, KPK Legal is included amongst a handful of law firm in the island which are recommended by the Legal 500 thus validating a quality of service, a client base and a transaction list which is comparable if not superior to the best of firms, some of which operate in this industry for decades. Such recognitions only serve to cement our drive to constantly improve the quality, responsiveness and efficiency of our service thus enhancing our value proposition to our clients.
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Cyprus’ new rules for intra-group back-to-back financing arrangements
Cyprus’ Tax Department has issued on the 30th of June 2017 an expository Circular in relation to the update Tax Treatment of intra-group back-to-back financing arrangements, with effect as from the 1st of July 2017. The Circular applies to all existing and future transactions. Tax rulings issued before the 1st of July 2017 will no longer be valid for tax periods as from the 1st of July 2017. The Circular is applicable to Companies that carry out group financing transactions and are Cypriot tax resident companies or are non-Cypriot tax resident companies and have a permanent establishment in Cyprus and the financing activities are attributable to the permanent establishment. ‘Intra-group financing transaction’ refers to any activity of granting of loans or cash advances remunerated by interest (or which should be remunerated by interest) to related companies, financed by financial means and instruments (debentures, private loans, cash advances, bank loans). Two [...]
General Principles of Family Law in Cyprus
Introduction In Cyprus, the majority of the cases that are related to family matters, such as divorce, property relations, custody of a child and maintenance are resolved by Family Courts. Under certain circumstances the family matters are resolved by the President of the District Court or the Family Courts of the Religious Groups. Jurisdiction Family Courts in Cyprus have jurisdiction to resolve the following matters: The dissolution of any religious marriage, in Cyprus or abroad, that was conducted under the rules of the Greek Orthodox Church; The dissolution of any religious marriage, in Cyprus or abroad, of any other faith (except from those marriages that are resolved by the Family Courts of the Religious Groups); The dissolution of any civil marriage, in Cyprus or abroad; Family matters in judicial proceedings initiated by the treaties to which Cyprus is a signatory country; Any family or matrimonial dispute between spouses and [...]
KPK LEGAL FOUNDATION
We are proud to announce the establishment of the “KPK LEGAL FOUNDATION”, a charitable foundation set up by our firm to formalise our covert philanthropic work over the past 3 years of purchasing and distributing food, clothing and other necessities to those in need. Contribution to society is one of the core values of our firm and its members and the establishment of our foundation constitutes a promise to continue our charitable work and to intensify our efforts to provide relief and support to deprived and disadvantaged members of society in any way that we can. More on the activities of our foundation, events and ways to get involved will be published through our website. LATEST UPDATES