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Cyprus International Trusts (“CIT’s”) have evolved considerably since 1992 when they were formally introduced in Cyprus legislation. The 1992 Law was not a self-contained law but it built on the 1955 Trustees Law, Cap.193 which is almost identical to the English Trustees Act of 1925.
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What do Skype, Facebook, lung medicine “Pulmicort” and a pacemaker have in common? They are all the result of research and innovation. Moreover, they represent items of protected intellectual property (“IP”). Innovation is at the heart of world development and its preservation cannot be overemphasized. In the words of a US congressman Howard Berman, protection...
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