Company law has undertaken a whole new dimension with the entrance of Cyprus in the European Union and the need to adapt to the new legislations and regulations. Our firm has a strong background of dealings with company law in providing guidelines in the mechanisms that exist to ensure directors’ accountability as well as in the mediation of the rights and duties among shareholders, employees, creditors and directors.
A field of law concerning not only companies, but also other business organizations, such as banks, partnerships, charity not-for-profit organizations and non-governmental organizations. Moreover companies can be subdivided into those of limited liability, those listed on the stock exchanges, the public ones, the private ones, the unlimited ones and the ones with limited liability based on shares.
Due to the different divisions of the term company one should be careful in adopting the relevant regulation. Legislation can indeed vary from country to country. Hence it is essential for companies to refer to law firms not only when disputes arise but also in terms of advice and in ensuring that they are updated with the latest of developments. From the very stage of creation of a company a lawyer is needed to deal with the registration documents and the establishment of the firm.
Duties do not only belong to individuals. Companies are considered as legal entities and hence are themselves directly liable and are vested with a number of duties such as the duty of good faith, duty of privacy etc. Ignorance is not an excuse in law and companies are expected to be aware of their expected legal behavior and responsibilities. Business ethics, or corporate ethics, do not only refer to a profit-maximizing behavior but also include non-economic concerns. Duties extent from economic dealings to minority rights, treatment of staff, treatment of shareholders or members, protection of personal data.
Our law firm has the background, has the knowledge and the skills to provide you with the advice and guidance that you need.