Global Crisis
Hub & Resource Center

Fiscal Support Schemes Full suspension of operations Companies the operations of which were mandato

The Commission has for some time now been focusing on acquisitions of EU companies active in critical industries, especially those that are State-owned, by non-EU companies. In order to control them, it has adopted a foreign direct investment (“FDI”) screening coordination mechanism by virtue of Regulation (EU) 2019/452 of the European Parliament and of the Council of 19 March 2019 (“FDI Screening Regulation”)...

The property rental sector and the relation between Landlords and Tenants could not remain unaffected by the current Covid-19 pandemic, and there is a need to protect Tenants from eviction proceedings due to their inability to pay rent during the pandemic and the period during which emergency lockdown measures are imposed by the Government of Cyprus. Within the framework of this reasoning, the Rent Control Law (Temporary Provisions) of 2020 was entered into force...

International trade and shipping play a key role in the transportation of essential supplies, foods and other necessities, a role which becomes even more significant during the ongoing COVID-19 pandemic. Nonetheless, the lockdowns and restrictions on entry imposed by many countries are causing a severe disruption to the industry while reduced manufacturing activity greatly affects shipment volumes and traffic. The outbreak of COVID-19 almost coincided with the long-awaited 2020 Sulphur cap, which was forecast to cause short-term uncertainty in the industry...

The coronavirus outbreak, and its current exponential spreading, is significantly impacting companies worldwide, with disruption occurring at almost all levels, from the workforce to the supply chain. Governments in the region where the outbreak originated and worldwide have imposed a series of containment measures, including lockdown of certain cities in the People’s Republic of China Mainland, extension of public holidays, closure of public services, unprecedented “work from home” arrangements, as well as international travel restrictions or quarantine measures...