Shareholders Rights Directive III: Now Coming into effect in Cyprus

The Law on the Encouragement of Long-Term Shareholder Engagement of 2021 (Law 111 (I)/2021) (the “Law”), which has come into effect on May 12th 2021, transposes Directive (EU) 2017/828 (the “Directive”) into Cyprus law. The Directive revises its predecessor, Directive (EU) 2007/36, and regulates the exercise of certain shareholder’s rights for listed companies, while it …

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