Moody’s anticipates the spike in Cyprus public debt will be transitory and will return to a sustained downward path after the coronavirus crisis wanes, Moody’s rating agency said in its report, noting however that it would consider upgrading Cyprus credit rating following reduction in banking sector risks.
Read full articleIn the recent Appellate case VTB -V- TARUTA, the Appellate Court upheld a decision of a 1st Instant Court, pursuant to which a direct application filed by a holder of a Russian Judgment for its enforcement under the Bilateral Treaty between Cyprus and Russia and ex parte injunctions obtained in the context of such enforcement proceedings, had been summarily dismissed, due to lack of jurisdiction of Cypriot Courts, as per Article 27 of the Bilateral Treaty.
Read full articleThe United Kingdom should be added to Group B countries from which a PCR test certificate needs to be submitted, member of the team of experts advising the government on Covid-19 Petros Karayiannis has told CNA, noting that for the time being there are hurdles to adding the country to the list due to surges in cases there as well as local lockdowns.
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