Cyprus - Andreas Neocleous & Co
Cyprus - Andreas Neocleous & Co
Cyprus - Andreas Neocleous & Co
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CYP/2<br />
INTERNATIONAL AGENCY AND DISTRIBUTION LAW<br />
which the legality of administrative decisions can be judicially controlled has<br />
been introduced and applied by virtue of the <strong>Co</strong>nstitution.<br />
The administration of justice is exercised by the judiciary, which is a separate<br />
and independent body. There are six District <strong>Co</strong>urts which exercise civil<br />
jurisdiction, and recourse for judicial review is to the Supreme <strong>Co</strong>urt. The<br />
Supreme <strong>Co</strong>urt hears all appeals and is empowered to pronounce final judgment<br />
in all cases of constitutional and administrative law.<br />
General Environment for Agents and Distributors<br />
Although agency and distribution law are relatively new areas of <strong>Cyprus</strong> law,<br />
the continuous development of the island's economy has made them very<br />
significant.<br />
Sections 142–198 of the <strong>Co</strong>ntract Law, Cap. 149 ("the <strong>Co</strong>ntract Law") are the<br />
general legislative provisions governing this area of the law and essentially<br />
reflect common law. English common law principles are applicable where no<br />
express statutory provisions are made and also offer much guidance in<br />
interpreting the provisions of the <strong>Co</strong>ntract Law.<br />
The legal framework with respect to commercial agents has been improved by<br />
two further pieces of legislation which are generally in line with EU legislation,<br />
namely:<br />
• The <strong>Co</strong>mmercial Agents Law ("the <strong>Co</strong>mmercial Agents Law"), as amended<br />
by Laws 21(I) of 1994 and 148(I) of 2000; and<br />
• The Regulation of Relations between <strong>Co</strong>mmercial Agents and Principals<br />
Law, Number 51(I) of 1992 ("the Regulation of Relations Law"), as amended<br />
by Law 149(I) of 2000.<br />
In addition, on the basis of section 13 of the <strong>Co</strong>mmercial Agents Law, the<br />
<strong>Co</strong>uncil of Ministers issued the <strong>Co</strong>mmercial Agents (Formation and Functioning<br />
of the Board, Registration of Members and Charges) (Amending) Regulations of<br />
2003, which came into force on 1 May 2004.<br />
What Is 'Agent'<br />
In General<br />
At common law the word agency is used to describe the body of general rules<br />
under which one person, the agent, has the power to change the legal relations of<br />
another, the principal.<br />
Section 142 of the <strong>Co</strong>ntract Law defines an agent as: 'a person employed to do<br />
any act for another, the principal, or to represent the principal in dealings with<br />
third parties'.<br />
The most important areas of law dealing with the power of the agent to bind the<br />
principal are the law of contract and the law of property. An agent may have<br />
(Release 2 – 2013)