course content
12/10/2024 - 9:00 - 11:00
19/10/2024 - 9:00 - 11:00
26/10/2024 - 9:00 - 11:00
Unit 1: The Cyprus Legal Environment
• Introduction to the course methodology, including case study analysis and interactive sessions.
• Exercise: Evaluating the role of lawyers in business teams through real-world examples.
• Group discussion: Importance of effective communication between business owners and lawyers, illustrated with case scenarios.
• Debate: Pros and cons of using outside general counsel versus in-house counsel.
• Overview of the sources of legislation in Cyprus, complemented with specific case studies.
• Analysis of the classification of laws with practical examples.
• Discussion on the structure and functions of the Cypriot legal system.
• Professionals in the legal system – what are my options?
Unit 2: Legal Entities Available in Cyprus
• Introduction to Legal Structures
• Overview of Sole Proprietorships, Partnerships, LLCs, and Corporations
• Comparative analysis of entity types
• Scenario based activities for entity selection.
• Registration processes for each entity type – step by step walk through.
• Ongoing compliance: tax obligations, reporting, and governance
• Legal pitfalls and how to avoid them – supported by real business cases.
• Pre-formation agreements – and what to be careful of in your capacity as a promotor pre – formation.
• Selecting a business name and legal considerations involved.
• Review of business licenses and permits are relevant to consider with application examples.
Unit 3: Introduction to Company Law
• Detailed roles of directors, non-executive directors, chairpersons, shareholders, and company secretaries with real-life illustrations.
• Responsibilities and liabilities of company officers discussed through case studies.
• Corporate liability to creditors, regulators, shareholders, and the company explained via examples.
• Examination of the auditor's role within the company using industry examples.
• Group discussions on shareholder relations and best practices based on recent cases.
• Study of shareholder rights and the conduct of shareholder meetings through mock sessions.
• Analysis of founder agreements and their importance with practical insights.
Unit 4: Funding your business in Cyprus
• Overview of financing options for a company illustrated with success and failure stories.
• Detailed discussion on share capital and equity financing with group exercises.
• Explanation of the concept of dilution in equity finance using simulations.
• Exploration of debt finance and its types through interactive examples.
• Checklist and planning for debt finance requirements, supported by expert advice.
Unit 5: Must know basics of Contract Law
• Introduction to what contracts are and why they are essential in a business
• Why a written contract is necessary and why you should never rely on DIY contracts or online contracts.
• Exploring the legal ability of parties to enter into contracts
• Breaking down the elements needed for a contract to be valid.
• How to determine if parties have the legal intention and capacity to contract
• Understanding when a contract could be considered void.
• Understanding the different terms within a contract and their implications.
• Review of common types of contracts in business - NDA’s, confidentiality
• The importance of regulatory compliance and ensuring contracts comply with local and international laws.
Unit 6: Must know basics of Tort Law
• Understanding what torts are
• What is negligence
• Types of compensation and other remedies available under tort law.
• Types of tort claims all business should be aware of and protect against.
• Best practices for reducing the risk of tort claims
• Using insurance as a risk management tool for tort liability
• Evaluating insurance needs through business scenarios.
Unit 7: Must know basics of Employment Law
• Overview of the Cyprus legal system relevant to employment
• Key employment law concepts and terms.
• Legal requirements for job offers
• Types of employment contracts
• Basics of the statutory employment rights
• Legal requirements that must be adhered to
• An introduction to social insurance contributions and other statutory benefits
• Hiring contractors –considerations?
• Terminating the employment relationship considerations.
• Discussion and case examples/scenarios.
Unit 8: Protecting intellectual property in Cyprus.
• Overview of types of IP and their relevance in business innovation
• Basic principles and distinguishing between different IP protections
• Introduction to the concept of trademarks
• Introduction to the concept of copyrights
• Introduction to the concept of protecting trade secrets.
• Overview of the legal frameworks and procedures for IP protections.
• Overview and discussion of the need for global IP protection: EU and international protection options available.
- Start-up entrepreneurs
- Small business owners
- Business managers
- Company directors
- Manager-level employees who are tasked with business development
- Business development professionals