Cyprus: Directors and Officers

Where the company still has assets, liabilities or other matters to resolve, voluntary liquidation provides a formal way of bringing its affairs to an end. A licensed insolvency practitioner is appointed as liquidator to deal with outstanding liabilities, realise or distribute assets and complete the winding-up before dissolution.

Directors of Cyprus companies carry significant legal responsibilities that extend beyond routine management tasks. This guide examines the fiduciary duties, statutory obligations, and personal liability risks that directors face under Cyprus Companies Law, including modern compliance requirements such as anti-money laundering oversight and beneficial ownership transparency.

The UK Supreme Court has delivered a landmark ruling confirming that fiduciaries who secretly profit from their position hold those gains on constructive trust for beneficiaries from the moment of receipt. The decision establishes that third parties who dishonestly assist in dissipating such profits face full liability, even when beneficiaries suffered no direct financial loss and would never have generated those profits themselves.

Family businesses have long served as a foundation for both the global and local economy, playing a vital role in driving employment, fostering innovation, and supporting sustainable development.

This article provides a brief summary of the framework governing the intro-EU cross-border conversions under Cypriot law.

Why Fiduciary Services Are The Key To Unlocking Cyprus Company Growth?

In a sequence of official notifications, the Department of the Registrar of Companies and Intellectual Property (TEEDI) has been diligently updating the public...

Foundations are institutions intended to serve non-profit purposes and are established for the promotion of specific objectives outlined in law, including the promotion of commerce...

The directors owe a residual duty, said to be a duty "in equity" short of a fiduciary duty, to give to shareholders sufficient information for them to make an informed decision about proposals to be put to them at a company meeting.