Cyprus: Contracts and Commercial Law

For a growing games company, an IPO may seem a long way off. Management is focused on developing new titles, expanding into international markets, growing its player base and investing in talent and technology.

When a commercial agreement is terminated, businesses face immediate consequences including lost territories, revenue streams, and customer relationships. However, receiving a termination notice does not automatically mean the other party had the legal right to end the agreement. Understanding the contractual terms, alleged breaches, and available remedies under Cyprus law becomes critical to protecting your business interests and determining whether the termination itself constitutes a breach of contract.

The use of nominee directors remains common in Cyprus corporate structures, particularly in international business, holding company and asset holding arrangements.