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Michalaki, Pitsillidou & Co LLC > English Articles (Page 8)

Constitutional Right to a Fair Trial in United States of America

While a person is accused of a criminal offence, the consequences at stake are significant. A conviction can mean the lack of freedom with years behind bars. Having a criminal record can affect the relaxation of a person’s life and restrict career and educational opportunities. Due to these possibilities, many criminal defendants seek legal counsel. Some defendants negatively think that they can handle the case on their own. But, the criminal justice system is complex and difficult for people to navigate if they are unfamiliar with it. A simple mistake such as missing a deadline can eventually result in a conviction...

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Facts You Need to Know if Fighting for Primary Child Custody

Combating for the custody of a child is usually a battle whilst dealing with a spouse that may appear to the court to be more suitable and in a better position to provide greater nurturing. This means that the individual has to seek all the information he/she is capable of finding to better his or her probabilities. This may lead to a family law legal representative or recommendations and fact sheets online or through loved ones. Regardless of who is seeking the custody, it may be a difficult fight depending on all the circumstances of the case and those involved. There...

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Criminal Tax Issues and Audits

Criminal Tax Issues and Audits Audits have a tendency to to arise when there is a suspected tax crime. It is significant to certify a civil examination whilst accomplished with cooperation, a calm presence and peaceful actions. The revenue agent provided for the investigation should not be misled or lied to. With all information revealed properly even after the examination initiates, a criminal investigation may not be the subsequent procedure. This indicates that additional criminal prosecution can be unnoticed of the processes. There are some instances that offer allowances after an audit has begun. These may also encompass foreign bank accounts with...

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Freedom to provide investment and ancillary services and/or perform investment activities in a third country

Following Circular C192, issued on March 3, 2017, regarding the freedom to provide investment and ancillary services and/or perform investment activities in a third country, the Cyprus Securities and Exchange Commission (‘the CySEC’) requests, in the context of its supervisory powers, the following: The Cyprus Investment Firms (‘the CIFs’) must assess their existing third-country-passports and consult with their legal consultants by taking the appropriate legal advice, and/or letters/ official documents from the competent authority of the host third-country, affirming either the carrying out of legitimate investment services and activities (holding a relevant authorization), or the exception of holding such authorization,...

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Collecting a Second Passport

Collecting a second passport

Widespread Globalization has created a new class of mobile citizen seeking various nationalities. A second or probably more nationality provides the high net worth individual living in a fractious world with a way to pursue business, financial and personal opportunities in geographies with political and economic stability and better general quality of life. Significantly, an additional passport can facilitateTop of FormBottom of Form residency abroad, ease of travel and access to mobility of personal assets.   Obtaining a passport has never been simpler for those of way. Entering Citizenship by Investment Programs (CIPs) is currently one of the most famous methods of...

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What is a Tied Agent?

Introducing Tied Agent: A tied agent is an individual who established in a member state, who, acting under the full and unconditional responsibility of only one Investment Firm on whose behalf it acts, promotes investment and/or ancillary services to clients or provides the services of either receiving and transmitting instructions or orders, placing financial instruments or providing investment advice in respect of the financial instruments and services provided by the Cyprus Investment Firm.   Key Points: Some minor changes are made to the rules relating to tied agents, including one clarifying that tied agents will be able to hold money belonging to clients. ...

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What is an Introducing Broker?

Introducing Brokers and Forex An Introducing Broker (IB) is fundamentally an agent which introduces new clients to a Forex brokerage. In return for sending custom to a brokerage, the Introducing Broker receives a fee, with regards to Forex this is usually a certain promotion of the Spread or Commission charged by the brokerage. Supposing you are charged the amount of $3 commission on a precise Forex Trade it might be feasible that the Introducing Brokerage who refereed you to the broker would acquire over half this sum. A considerable percentage of brokerages, run Introducing Broker programs as it is able to...

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Cyprus Marriage Procedure

Cyprus marriage procedure

The applications for ‘Marriage’, can be submitted by foreign husbands of a Cypriot resident, who have already completed more than three years of marriage, including harmonious cohabitation with the Cypriot spouse and two years of residence in Cyprus prior to the date of the marriage application. The Authorities of Cyprus compel the citizens to fill the below-mentioned documents: - Marriage certificate. - Birth certificate of the applicant. - Certificate of clean criminal record of the applicant. - Copy of the applicant’s passport. - Copy of the spouse’s passport. - Certificate of acquisition of becoming a Cypriot of the Cypriot spouse. - Relevant Form duly completed and signed by the applicant. -...

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Workplace Injury: Sue Outside Workers’ Compensation

If you've been injured in the workplace, you have probably been told that the only compensation you can receive will come from your employer's compensation insurance. Even though this is the general rule, there are many exceptions based in each different situation, in which you may be able to sue for damages caused by your injuries. The below-mentioned examples clearly explain all the ways an employee can get injured, caused in workplaces, in which he can sue for these damages, depending on who is responsible for this cause. If you were injured because of your employer's intentional or notorious conduct,...

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Pre-Action Litigation Dispute Considerations

Before issuing litigation dispute procedures under the Legal System of Cyprus, people must satisfy the pre-action protocol, since failure may result in cost sanctions and the claim may be suspended. The particular article deliberates how to conform with the protocol. If the individual demands to make a claim, it is a prior obligation to issuing proceedings he must comply with the ‘Civil Procedure Rules’ - Pre-action Conduct and Protocols. They potentially explain in detail the conduct and set out the steps that the court would usually expect parties to take before commencing proceedings for specific types of civil claims. It is significant...

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