European Union: Corporate/Commercial Law

Contracts govern nearly every commercial and private transaction in Cyprus, from business relationships to property sales. When one party fails to perform, performs inadequately, or refuses to honour obligations, the other may have a claim for breach of contract. However, establishing a breach is only part of the issue—determining whether a legally enforceable contract existed, what obligations arose, whether termination is justified, what losses were caused, and which remedies are available requires

Cyprus has become an increasingly attractive jurisdiction for entrepreneurs, international investors and companies seeking to establish or expand their operations within the European Union.

A Dutch court has ruled that parties who contractually waive their right to annul a share purchase agreement also forfeit the ability to seek judicial price adjustment under Article 6:230(2) of the Dutch Civil Code. This decision clarifies the scope of waiver clauses in M&A transactions and highlights critical drafting considerations for acquisition agreements, set-off rights across different dispute forums, and the high threshold for piercing the corporate veil in shareholder disputes.