Introduction to Cyprus Companies Law & Practice

- Νομοθεσία, Νομική & Δικηγόροι

27 Απρ 2023 16:00 03 Αυγ 2023 18:00
Αγγλικά
40 ώρες ( 20 μέρες )
Introduction to Cyprus Companies Law & Practice

ΠΕΡΙΓΡΑΦΗ

This is an online seminar, funded by the HRDA and offers 15 verified CPD points by the Cyprus Bar Association.

Aims of the seminar:

  • To understand the different types of companies regulated under Cyprus Law.
  • To understand who runs the company and what the function of each organ of a company is.
  • Draft a memorandum of understanding and articles of association in accordance with the client’s needs. Drafting specific provisions for the amendment of objects and articles.
  • To understand the position of shareholders and draft ordinary and special resolutions
  • To understand the indoor management rule and the real apparent and ostensible authority and directors duties.
  • To understand the role of members and general meetings. To be able to draft minutes, proxies and notices.
  • To understand the legal framework for the protection of minority shareholders in a company
  • To understand and describe the authorized and issued share capital.
  • To be able to undertake an increase or reduction in share capital (including applying to the court for an extension of time).
  • To understand how and be able to make changes to a company.
  • Be able to undertake an effective due diligence review of the company.
  • Understand the role of the AGM and the audited financial statements and be able to draft the relevant resolution
  • Describe the role of the power of attorney and be able to draft an effective power of attorney. 
  • Understand the KYC procedures that apply to the services provided to a company in Cyprus.


Why this seminar is important for you?

  • Corporate Law is one of the most sought specializations of law in Cyprus. The number of candidates who prefer to pursue corporate law (either as a lawyer or administrator) has seen unprecedented growth in the last few years.
  • This course is practical. The trainer will show you ‘How’ rather than just what and you will receive multiple templates and advice on the practical application of the law.
  • There are many benefits to studying a course regarding the practical application of the law.
  • It is an excellent addition to your CV - especially with so many employers requesting experience with the practical side of company law. A qualification like this will help to prove to a prospective employer that you will be able to hit the ground running!
  • This seminar is taught by highly experienced lawyers and experts in corporate law.

ΣΚΟΠΟΣ ΣΕΜΙΝΑΡΙΟΥ

  • Be able to undertake an effective due diligence review of the company.

  • Understand the role of the AGM and the audited financial statements and be able to draft the relevant resolution

  • Describe the role of the power of attorney and be able to draft an effective power of attorney

  • Understand the KYC procedures that apply to the services provided to a company in Cyprus.

  • Understand the legal framework for nominee shareholders and trustee arrangements.

  • Describe and undertake the procedure for company certificates

  • Describe and understand the importance of the substance of a company (management and control).

  • Be able to draft the legal documentation for various transactions such as share purchases,    shareholders agreements etc.

  • Understand and describe the redeemable preference shares and conversions of class.

  • Understand and describe the process of dissolution of a company.

ΣΕ ΠΟΙΟΥΣ ΑΠΕΥΘΥΝΕΤΑΙ

Lawyers, Corporate Administrators, Compliance Officers, Compliance Assistants, other professionals working in the corporate sector

ΠΕΡΙΣΣΟΤΕΡΕΣ ΠΛΗΡΟΦΟΡΙΕΣ

Course Content

UNIT 1: Introduction to Cyprus companies  

  • Introduction of the course and explanation of organisation and obligations 

  • Trainer introduction 

  •  Student introduction 

  • Introduction to Cyprus Companies 

  • Types of Companies in Cyprus 

  • Company Incorporation 

  • Company Names - Practical Exercise: Incorporating a company 


UNIT 2: The language of company law - Who runs a company? 

  • Areas of company law 

  • Directors

  • Company Meetings

  • Company Finance – Case Study 

  • Closing a company 

  • Insolvent Companies 


UNIT 3: Memorandum and Articles of Association 

  • What is a Memorandum of Association? 

  • What are Articles of Association? 

  • Amendment of Objects 

  • Amendment of Articles - Group activity: Distinguishing between Memorandums and Articles of Association

  • Amendment of Articles: Drafting specific provisions 

  • Drafting activity

  • Group Review and discussion of Drafting Activity 


UNIT 4: Organs of the Company 

  • Shareholders - Directors & Secretary 

  • Practical Exercise: Appointment & Resignation of Directors, resolutions & Form HE4 

  • Ordinary and Special Resolutions 

  • Group activity: Distinguishing between Ordinary and Special Resolutions 

  • Drafting specific resolutions 

  • Drafting activity 

  • Group Review and discussion of Drafting Activity


 UNIT 5: Shares 

  • Register of Members 

  • Classes of Shares

  • Practical Exercise: Register of Members entry 

  • Transfer of Shares 

  • Share Purchase Agreements 

  • Drafting specific resolutions 

  • Class activity: Completing Form HE57 

  • Group Review and discussion 


UNIT 6: Management 

  • Indoor Management Rule 

  • Real, Apparent and Ostensible Authority

  • Practical Exercise: Case study 

  • Directors Duties 

  • Case Study 

  • Group exercise 

  • Review and discussion 


UNIT 7: Members and General Meetings 

  • Members and General Meetings 

  • Types of General Meetings 

  • Notices - Procedure for General Meetings 

  • Proxies, Minutes & Resolutions 

  • Class exercise 

  • Review and discussion 

  • Thought Shower 


UNIT 8: Minority Protection 

  • The Rule in Foss v Harbottle 

  • Exceptions to the Rule 

  • Types of Suits 

  • Case Study

  • Introduction to Shareholders Agreements 

  • Transcription of Shareholders Agreements into Articles of Association 

  • Drafting exercise 

  • Review and discussion 


UNIT 9: Capital - What is share capital? 

  • Authorized & Issued 

  • Increase of capital 

  • Reduction of capital 

  • Issuance of shares above par 

  • Exercise: Completing Forms HE14 and HE12 

  • Applying to Court for an extension of time 

  • Applying to the Court for amendment of the register of members 

  • Division & Subdivision, HE16 


UNIT 10: Changes 

  • Change of Name Procedure 

  • Compulsory Change of Name 

  • Change of Registered Office, HE2 

  • Transfer of Management 

  • Group activity 

  • Review and discussion of group activity 

  • Resolution Drafting activity 


 UNIT 11: Due Diligence Exercises 

  • What is a legal due diligence exercise? 

  • Review of Internal Housekeeping 

  • Review of internal appointments and procedures

  • Review of register of Members 

  • Drafting an executive summary 

  • Group case study

  • Drafting activity 

  • Class discussion 


UNIT 12: AGMs and Annual Accounts 

  • Annual General Meetings 

  • Audited financial statements 

  • Directors’ Report 

  • Declaration of Final Dividend 

  • Submission of annual return HE32 

  • Review and discussion of group activity 

  • Resolution Drafting activity 

  • Class discussion


 UNIT 13: Powers of Attorney 

  • What are Powers of Attorney 

  • POA Drafting Tips 

  • Group Drafting Exercise 

  • Certification & Apostille, distinction from notarization -

  • Revoking a Power of Attorney 

  • Know-Your Client

  • Drafting Exercise 


UNIT 14: Prevention of Money Laundering/Know-Your-Client 

  • What is Money Laundering? 

  • EU Directive 

  • Anti-Money laundering legislation in Cyprus 

  • Cyprus Bar Association Directive - Collecting and Verifying information 

  • Documents for corporate entities and for individuals 

  • Common corporate documents in other jurisdictions 

  • Group Exercise 


UNIT 15: Nominee Shareholders and Trust Arrangements 

  • What are nominee shareholders? 

  • Drafting Declarations of Trust 

  • Collecting and verifying KYC information 

  • Determining the beneficiaries of a trust 

  • Group activity 

  • Discussion on activity

  • Individual Exercise 

  • Discussion 


UNIT 16: Certificates - Registrar Certificates

  • Share Certificates 

  • Secretary’s Certificates 

  • Incumbency Certificates 

  • Group activity 

  • Discussion on activity 

  • Practice: Drafting an incumbency certificate and secretary’s certificates 

  • Group Exercise 

  • Discussion 


UNIT 17: Substance 

  • Management & Control 

  • Creating Substance and why it is important 

  • Ways to create substance 

  • Corporate Governance 

  • Local Directors 

  • Physical Meetings 

  • Group activity 

  • Overview and Discussion 


UNIT 18: Transactions 

  • Authorizing Transactions 

  • Drafting Resolutions 

  • Share purchases 

  • Share purchase Agreement Closing Mechanics 

  • Share purchase Agreement Conditions Precedent & Subsequent 

  • Group Exercise


UNIT 19: Redeemable Preference Shares/Conversions of class 

  • What are Redeemable Preference Shares

  • How and when are they created? 

  • Drafting RPS provisions in the articles of association 

  • Share Classes 

  • Conversion of Class 

  • Group Exercise 

  • Group Discussion 

  • Completion of HE16 


UNIT 20: Dissolution

  • Liquidation 

  • Liquidation by the Court 

  • Voluntary Liquidation 

  • Liquidation under the supervision of the Court 

  • Strike-off 

  • Class activity 

  • A brief summary of course material, Questions & Answers 

  • Questionnaire and a closing discussion


SPECIMENS PROVIDED 

  • Approval of name/change of name

  • Memorandum & Articles of Association

  • Appointment-Resignation of Director-Secretary

  • Transfer of Shares

  • Issue and Allotment of shares

  • Indemnity

  • Trust Deed

  • Increase of capital

  • Engagement Letter

  • Transfer in/out

  • EGM/AGM

  • Reduction of capital

  • Variation of class rights

  • Due dilligence checklist/KYC

  • POAs

  • Liquidation-Strike off


Course Methodology


Live distance learning via Zoom. This method enables the instructor to continuously assess the receptivity of the trainees and to be constantly updated accordingly. During the training, appropriate techniques will be developed and assist the subject of training. The lecture and the regular discussion challenge are the main pillar of the training techniques in this program.



Trainer: Androulla Poutziouris, LLB, LLM, ADVOCATE

Trainer's Information
Ανδρούλλα Πουτζιουρή - Founder | Director | Lecturer at ELTC

Mrs. Androulla Poutziouri is a qualified Advocate and a Member of the Cyprus Bar Association. Mrs. Poutziouri obtained a double LLB Law degree in English and French Law from Paris II Panthéon-Assas University and the University of Birmingham. She then proceeded to obtain an LLM Degree in International Legal Practice from the University of Law in the UK. Mrs. Poutziouri successfully completed the Cyprus Bar Examinations and was admitted as an Advocate (δικηγόρος) of the Cyprus Bar Association in 2010. She is bilingual in Greek and English (native), with working proficiency in French. 

Mrs. Poutziouri trained as an Advocate at the office of the Attorney General of Cyprus. Upon qualifying, Mrs. Poutziouri worked for various prominent law firms both in Nicosia and Larnaca and was actively involved in litigation, advocacy, negotiation, mediation, dispute resolution and commercial matters where she represented clients and appeared at the District and Supreme Courts of Cyprus. During her legal career, Mrs. Poutziouri has acted both for and against various financial institutions from time to time and was involved in large-scale multi-million Euro real estate transactions. In addition to her professional experience as an Advocate, Mrs. Poutziouri also entered academia as a Lecturer in Law. 

Mrs. Poutziouri brings with her over 10 years of academic legal experience, having taught the LLB Law Degree of the University of Wales and the University of the West of England. Mrs. Poutziouri was also a director and the sole lecturer at the only recognized teaching centre of the University of London in Cyprus, The Private Institute of Law, which provided coaching and tutoring for students registered on LLB (HONS) Law Degree of the University of London. Upon moving to the European Legal Training Center, Androulla has brought with her the wealth of experience in coaching and advising students completing the degree of the University of London. She has actively advised and guided law students and legal executives in all aspects of their legal education, development and career progression.

She is particularly strong in the areas of Public Law, Contract Law, Property Law, Wills & Probate, Equity and Trusts, the English Legal System, Labour Law, Advocates Law and Codes of Conduct, Jurisprudence and was recently accredited by the Human Resource and Development Agency (HRDA) in Cyprus as an ‘Expert in the field of Law’. 

Due to her extensive experience in legal education, Mrs. Poutziouri has also been accredited by leading legal qualifications providers in the UK including the Chartered Institute of Legal Executives (CILEx), the National Association of Licensed Paralegals (NALP), The British Legal Center and TOLES, the leading provider of English Exams for International Lawyers & Law Students.

Mrs. Poutziouri is a co-founder and director of the European Legal Training Center and brings with her a wealth of practical and academic experience, providing academic direction, education and high-quality legal training to law students, graduates, trainees, Advocates, executives and other professionals. 

Αναλυτικό Κόστος Σεμιναρίου

Για Δικαιούχους ΑνΑΔ

  • € 780.00
  • € 624.00
  • € 148.20
  • € 156.00

Για μη-Δικαιούχους ΑνΑΔ

  • € 546.00
  • € 0.00
  • € 103.74
  • € 546.00

Κοστολογικές Πληροφορίες

Option to pay the employer's contribution in installments.

ΠΡΟΓΡΑΜΜΑ ΣΕΜΙΝΑΡΙΟΥ

Πέμπτη - 27 Απρ 2023

Ώρα

16:00 - 20:00

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Πέμπτη - 22 Ιουν 2023

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OnLine Virtual Classroom

Πέμπτη - 29 Ιουν 2023

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Τοποθεσία:

OnLine Virtual Classroom

Πέμπτη - 06 Ιουλ 2023

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Τοποθεσία:

OnLine Virtual Classroom

Πέμπτη - 13 Ιουλ 2023

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Τοποθεσία:

OnLine Virtual Classroom

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Τοποθεσία:

OnLine Virtual Classroom

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Τοποθεσία:

OnLine Virtual Classroom

Πέμπτη - 03 Αυγ 2023

Ώρα

16:00 - 18:00

Τοποθεσία:

OnLine Virtual Classroom

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