Best Due Diligence Lawyers in Limassol

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ASC Law Firm

ASC Law Firm

1 hour Free Consultation
Limassol, Cyprus

Founded in 2012
4 people in their team
English
Greek
Polish
ASC Law Firm is a modern full-service commercial law firm which provides a broad spectrum of services – among them, Banking, Immigration, Corporate and Financial Services, Technology and Intellectual Property Law, assisting clients both at national and international level.Our Clientele ranges...
N. PANAGIDOU LAW OFFICE

N. PANAGIDOU LAW OFFICE

Limassol, Cyprus

Founded in 2020
2 people in their team
Greek
English
N. Panagidou Law Office is a modern law office delivering personalised legal services to individuals and businesses. Main areas of specialization are fintech, payment services, regulatory compliance, company formations, corporate and commercial, employment, immigration, real estate, intellectual...
Andreas Danos Law Firm

Andreas Danos Law Firm

Limassol, Cyprus

Founded in 1968
6 people in their team
English
Greek
Russian
The Andreas Danos legal agency – Cyprus Lawyers is a dynamic law firm based in Cyprus, offering a range of legal services such as contract law, corporate law, family law, immigration law, intellectual property law, etc.Our dedicated team of lawyers take pride on the extensive and expanding client...
Chambers & Co

Chambers & Co

1 hour Free Consultation
Limassol, Cyprus

Founded in 1996
8 people in their team
English
Greek
Chambers & Co  has grown rapidly since its inception in 1996 and is now one of the leading international law firms in Cyprus.The Firm’s policy is to deliver expert legal services in an environment that encourages professionalism, confidence and trust. We have built a...
Kostandyan & Partners

Kostandyan & Partners

Limassol, Cyprus

Founded in 2018
4 people in their team
“Kostandyan & Partners” Law Firm practices law on the territory of Republic of Armenia, Cyprus and Luxembourg in providing legal services in Banking, Corporate and Civil litigation fields, as well as in the fields of Intellectual Property Law. Company provides comprehensive legal...
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About Due Diligence Law in Limassol, Cyprus

Due Diligence in Limassol, Cyprus, is a comprehensive appraisal a company or individual performs before signing a financial transaction or entering into an agreement. This process is a legal obligation and thoroughly checks the legitimacy, risks and potential benefits associated with the transaction or business relationship. It often pertains to real estate transactions, mergers, acquisitions, and partnerships.

Why You May Need a Lawyer

Due diligence can be a complex process involving intricate legal necessities. You may need an attorney to carry out a due diligence process on your behalf to ensure that the requirements are thoroughly investigated and accurately documented thereby minimizing risks. Additionally, a professional can assist during negotiations and finalizing contracts, ensuring your interests are safeguarded.

Local Laws Overview

Limassol, Cyprus, requires strict adherence to the due diligence laws, which are derived from European Union Directives and local legislation. It includes Know-Your-Customer (KYC) practices as part of anti-money laundering laws, requiring businesses to fully identify and vet their partner entities or clients. Additionally, due diligence measures include obtaining necessary permits, reviewing of contracts, verifying assets, and investigating any potential legal issues.

Frequently Asked Questions

What is due diligence?

Due diligence is a process of investigations or audits of a potential investment or product to confirm the facts. This includes the review of financial records and assessment of other factors considered relevant.

What happens if due diligence is not carried out?

Ignoring due diligence can lead to legal complications, financial losses and can potentially damage to the company's reputation. In more severe cases, it may lead to corporate penalties and even imprisonment.

How long does the due diligence process take?

The duration of the due diligence process can vary depending on the nature of the transaction or business relationship. Generally, it can take up to several weeks or months.

What professionals are involved in the due diligence process?

Licensed lawyers specializing in due diligence processes, Certified Public Accountants (CPAs), and financial or business advisors are typically involved in the due diligence process.

Are there penalties for failing to carry out due diligence?

Yes, in Cyprus, failure to carry out due diligence can result in severe penalties including heavy fines and imprisonment, depending on the severity of the offense.

Additional Resources

The Registrar of Companies and the Cyprus Securities and Exchange Commission are the two main governing bodies that regulate due diligence in Cyprus. For additional legal resources, visit the Cyprus Bar Association website. The Association of Certified Anti-Money Laundering Specialists also publishes useful information about due diligence requirements.

Next Steps

If you need assistance with the due diligence process in Cyprus, begin by contacting a local attorney who specializes in due diligence. It is advisable to gather all necessary documentation beforehand to expedite the process. Always remember that the diligence process is crucial in making informed decisions and avoiding legal complications.

Lawzana helps you find the best lawyers and law firms in Limassol through a curated and pre-screened list of qualified legal professionals. Our platform offers rankings and detailed profiles of attorneys and law firms, allowing you to compare based on practice areas, including Due Diligence, experience, and client feedback. Each profile includes a description of the firm's areas of practice, client reviews, team members and partners, year of establishment, spoken languages, office locations, contact information, social media presence, and any published articles or resources. Most firms on our platform speak English and are experienced in both local and international legal matters. Get a quote from top-rated law firms in Limassol, Cyprus—quickly, securely, and without unnecessary hassle.

Disclaimer:
The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation. We disclaim all liability for actions taken or not taken based on the content of this page. If you believe any information is incorrect or outdated, please contact us, and we will review and update it where appropriate.