Groups of Companies — National Report on Cyprus
in Rafael Mariano Manóvil (ed.) Groups of Companies: A Comparative Law Overview, Ius Comparatum - Global Studies in Comparative Law book series (GSCL, volume 43), Springer, p. 457-486, 2020
31 Pages Posted: 5 May 2020
Date Written: April 8, 2020
This chapter examines groups of companies in Cyprus law. It derives from a country report submitted to the 2018 International Congress on Comparative Law. After an introduction, statutory provisions of company law on group of companies, holding and subsidiary companies are discussed. The issue of lifting the corporate veil in Cyprus company law is scrutinized. In this context, the doctrine of separate legal personality in Cyprus company law, as it was approached by the courts, is examined. Moreover, the case law on the possibility of lifting the corporate veil in group of companies and the case law on the possibility of lifting the corporate veil in parent and subsidiary companies are discussed. Reference is made to lifting the corporate veil in the context of tax law and public procurement, as well as to legislative provisions allowing lifting the corporate veil. With regard to capital markets law/securities regulation, groups of companies are examined in the light of takeover law and transparency law. The position and regulation of groups of companies in various other areas of law are explained: competition law, banking and financial law, insolvency law, private international law and environmental law. A few concluding remarks are inferred.
Keywords: Groups of Companies, Cyprus Law, Company Law, Holding and Subsidiary Companies in Cyprus Law, Lifting the Corporate Veil, Capital Markets Law, Competition Law, Banking and Financial Law, Insolvency Law, Private International Law and Environmental Law
JEL Classification: K22, K21, K23, K29
Suggested Citation: Suggested Citation