The new legal framework introduces obligations for lobbyists involved in such processes, officials within the state agency or the wider public sector and employees for the benefit of officials, who, by virtue of their position, take part in the above interactions. Applications for registration as lobbyists will be examined by the IAAC, and upon approval, registered lobbyists will have to abide and agree to the set Code of Conduct. IAAC plans to proceed to a gradual implementation, focusing, initially on registering individuals in the Lobbyists’ Register, while the obligations for lobbyists won’t be in effect until early 2024. This phased approach ensures a smooth transition and simultaneous implementation of obligations for both officials and lobbyists.

As a firm, we are regularly appointed to provide services including contracts with governmental institutions and public authorities, demonstrating a solid record of successes. We look forward to the developments in this sphere and remain available to assist our clients in their relevant engagements and provide advice on the legal framework that may be applicable.

For more information or to discuss your business needs you may contact us directly at:

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The amendments have introduced a new Part of the Law dedicated to VCICs (Part XA) and include newly adopted provisions that regulate, among others:

• the required sections that must be included in the Memorandum & Articles of Association in relation to the share capital of VCICs, to be indicated as prescribed in Table E of Annex I of the Law;
• the ability to convert the share capital of a limited liability company to a VCIC without par value through the submission of a relevant notification to the Registrar of Companies (“Registrar”);
• the procedure to be followed for the amendment of the Memorandum of a VCIC in relation to its share capital and/or the rights attributed to different classes of shares; and
• the redemption of shares to take place in accordance with the constitutional documentation of the VCIC.

The Law further provides that registered VCICs are obliged, within a period of 12 months from the date of adoption of the Amendment Law – being 05 November 2021, to submit the required amendments to their constitutional documentation to the Registrar to avoid the imposition of any applicable penalties.

CySEC has further issued a reminder on 01 September 2022 addressed to all applicable entities to proceed with the adoption of the required amendments, ahead of the expiration of the adjustment period (on 05 November 2022).

We prompt all VCICs to proceed with the amendments of their constitutional documentation the soonest possible. Our team stands ready to assist you with any enquiries.

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The trainee lawyer will have the opportunity to work on a diverse portfolio of both national and international projects and gain experience in the areas of expertise of our firm. DS Partners Law offers invaluable experience to up-and-coming lawyers looking to advance their career path.

Candidate Requirements:

• Bachelor of Laws (LLB).
• Master of Laws (LLM) will be considered an advantage.
• Fluency in Greek and English, oral and written; additional languages will be considered an advantage.
• Computer Skills: Microsoft Outlook, Microsoft Word & PowerPoint, Excel.
• Efficient time management and team cooperation.

Key Duties:

• Formulating legal documents and agreements.
• Assisting in legal research and case study.
• Attending court sessions and client meetings.

Starting Date: September 2022

Interested candidates should submit their CV to info@dspartners.law. All applications will be treated with confidentiality.

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