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NEWS & LEGAL UPDATES


Important Updates Transforming Real Estate Transactions in Cyprus
Cyprus has introduced significant reforms to the property transaction process, changing how sale contracts are prepared, reviewed, and submitted to the Department of Lands and Surveys. From mandatory search certificates and enhanced pre-contract due diligence to new electronic submission forms, these updates increase transparency, strengthen compliance, and create a faster, more efficient framework for buyers, sellers, and legal professionals.


19th EU SANCTIONS PACKAGE
anctions adopted following Russia’s military aggression against Ukraine.
The European Union (EU) continues to adopt further packages of economic sanctions against Russia due to the continuance of its military aggression against Ukraine, the latest of which is summarised below. The relevant legal framework is EU Regulation 269/2014 concerning restrictive measures in respect of actions undermining or threatening the territorial integrity, sovereignty and independence of Ukr


THE ESTABLISHMENT OF THE NATIONAL SANCTIONS IMPLEMENTATION UNIT (NSIU)
The National Sanctions Implementation Unit (NSIU/EMEK), established under L.150(I)/2025 effective 25 July 2025, marks a key step in Cyprus’ sanctions framework. Empowered to investigate, license, issue directives, coordinate enforcement, exchange information, and freeze assets, the NSIU enhances compliance with EU, UN, and national sanctions. Non-compliance may trigger fines or criminal liability. MPC Legal can guide businesses in navigating the new framework and applications


18th EU SANCTIONS PACKAGE
The EU has adopted its 18th and most far-reaching sanctions package against Russia, targeting energy, banking, and the military-industrial complex, while also expanding accountability measures and aligning sanctions on Belarus. MPC Legal outlines the key components, including tightened oil price caps, broader banking restrictions, and new protections for EU member states.
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