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Imposing VAT on land sales

Cyprus is facing hefty fines from the European Commission if it does not impose VAT on land sales, but the imposition of VAT will have knock-on effects on the property market and the banks.
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Bank contracts for buying property

The Cyprus Parliament voted unanimously on Friday to adopt EU legislation on bank contracts for the purchase of property, which will provide consumers with a higher level of protection.
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Commercial court in 2018

In efforts to modernise the Cyprus justice system, a new Commercial court will be set up in early 2018 to deal with claims arising from contracts, company disputes, the purchase or sale of goods, etc.
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New repossessed property regulations

New regulations allowing the banks to rent and maintain repossessed properties on their books and allow them to complete unfinished properties are being discussed by the house finance committee.
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Cyprus property fraudster convicted (update)

Sascha Morris, who sold off-plan properties to Cyprus property investors, has been convicted of fraud at the Leeds Crown Court following a prosecution by the CPS Specialist Fraud Division.
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Cyprus justice subverted by corruption

Former ECHR judge has charged that corruption has crept into the Cyprus justice system casting doubt over certain decisions; the judiciary is lacking knowledge, impartiality, and self-awareness.
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Cyprus urged to implement mortgage directive

The European Commission (EC) has given Cyprus and eight other EU member states two months to implement the regulations of the European Union on mortgages if they want to avoid going to the European Court of Justice.
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Law changes would curb illegal holiday rentals

Massive losses of tax revenue, health and safety issues and illegal holiday rentals could be reduced if the law enabled more homeowners to register their properties with the Cyprus Tourism Organisation.
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Banks playing a dirty game

A number of banks have obtained temporary court orders preventing people who bought property in Cyprus from receiving Title Deeds under the provisions of 'trapped buyers' law claiming they knew nothing about the sale.
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More help for trapped buyers

Further help for trapped buyers is provided by a Ministerial decree enabling Certificates of Approval to be issued for residential properties that fail to comply with the permits issued for their construction.
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Lawyers’ price-fixing challenged in EC

A formal complaint concerning price-fixing of lawyers' fees in Cyprus has been submitted to the European Commission on behalf of George Lambis – a Greek Cypriot and the Financial Director of a national charity in the UK.
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Land wrongly designated as Turkish Cypriot

A British citizen of Turkish Cypriot descent has been awarded thousands of Euros in damages by the Larnaca District Court as the state wrongly designated his land as Turkish Cypriot.
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Limitations law amendment (updated)

Amendments to the Statute of Limitations Law have been published in the Cyprus Gazette and will be welcomed by anyone wishing to issue legal proceedings against another party.
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Lawyers to face price-fixing challenge

A formal legal complaint against the Cyprus Bar Association at the European Competition Commission is planned by an organisation that is challenging the price-fixing of lawyers' fees in Cyprus for out-of-court cases.
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Inheritance in the EU

Citizens of both EU and non-EU countries who are resident in Cyprus may choose which EU country’s courts will have jurisdiction to deal with the inheritance and which law the courts will apply.
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Fraudster Gary Robb brought to justice

A civil action in the UK against the infamous Gary Robb has resulted in some £1.6 million of his assets being frozen and £1.3 million returned to 57 of the victims of a property scam in north Cyprus.
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Energy performance enforcement

From 1st January 2010 a person selling a house, its landlord or its letting agent should have provided an Energy Performance Certificate for the property they’re selling, letting or advertising.
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Cyprus Bar Association in the dock

The Cyprus Bar Association's minimum fees for out-of-court work violate the Treaty on the Functioning of the European Union; a formal legal complaint against the Association at the European Commission is planned.
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Mortgage regulation tightened

The Mortgage Credit Directive 2014/17/EU aims to enhance consumer protection for those buying residential property and should end devious banking practices in Cyprus and other EU member states.
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Swimming pools law changes

A new law that will make a distinction between private and public swimming pools has been proposed by the Interior Ministry and a draft is currently being scrutinised by the Legal Service.
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