The Fifth Anti-Money Laundering Directive and the new Regulation on Virtual Currencies

By Soulla Dionysiou, Lawyer, Founding Partner at Dionysiou & Partners LLC Τhe Fifth Anti-Money Laundering Directive (5AMLD) which was adopted by the European Parliament on 19 April 2019 will need to be transposed into National Law by all Member States by 10 January 2020, i.e. 18 months after its adoption. Although some Member States have […]

Fine EUR 14,5 Million to Real Estate Company for GDPR Infringements

On October 30, 2019 the Berlin Commissioner for Data Protection and Freedom of Information (Berliner Beauftragte für Datenschutz und Informationsfreiheit  issued a €14.5 million fine on a German real estate company, die Deutsche Wohnen , the highest German GDPR fine to date. The infraction related to the over retention of personal data. The Berlin DPA applied[…..]

Cyprus Bond issue has exceeded expectations

By Soulla Dionysiou, Lawyer On Tuesday 23rd of April the Cyprus government announced that it will issue 5-year and 30-year maturity Bonds with the aim of early repayment of a 2.5 Billion loan to the Russian Federation. The debt issuance will be run by Goldman Sachs, Barclays, Deutsche Bank, J.P. Morgan, Morgan Stanley and Societe[…..]

Brexit: reciprocal visa-free access for EU and UK nationals

UK nationals would be able to enter the EU visa-free for short periods after the country’s exit, provided EU nationals enjoy the same conditions when travelling to the UK. With 502 votes to 81 and 29 abstentions, plenary backed on 4/4/2019 the draft law exempting UK citizens from visa requirements to enter the EU for[…..]