Mergers & Acquisitions 2018

   Author: ELIAS NEOCLEOUS , DEMETRIS ROTI Law Firm: Elias Neocleous & Co LLC Publisher: Global Legal Insights Practice area: CORPORATE AND COMMERCIAL

Supporting the Russian-speaking community in Cyprus

In December 2017 Elias Neocleous & Co LLC and the Russian Centre for Science and Culture signed a memorandum of cooperation to support Russian-speaking people living in Cyprus and promote bilateral cultural, humanitarian and scientific cooperation between Russia and Cyprus, including organising a series of seminars provide information about the legal and business environment in […]

Latest Central Bank of Cyprus investment funds statistics

On 24 May the Central Bank of Cyprus released its latest statistics on Cyprus-based investment funds, produced on the basis of the revised European System of Accounts 2010, giving information as at 31 March 2018. During the quarter ended 31 March the number of investment funds increased to 123, compared with 110 at 31 December […]

Doctrine of payment into court

  Author:MARIA HADJISAVVA Law Firm: Elias Neocleous & Co LLC Publisher: International Law Office Practice area:LITIGATION AND DISPUTE RESOLUTION

Cyprus Securities and Exchange Commission guidance on derivatives based on virtual currencies

Following the decision by the European Securities and Markets Authority (ESMA) to bring contracts for difference (CFDs) on virtual currencies within the scope of its product intervention measures, the Cyprus Securities and Exchange Commission (CySEC) has announced that it considers such CFDs to be financial instruments falling within the scope of the Investment Services and […]

Reduction of non-performing loans in the Cyprus banking sector

The Central Bank of Cyprus (CBC) has recently published its latest analysis of data on non-performing loans in the Cyprus banking sector, covering the period to 31 January 2018, showing aggregate non-performing facilities (NPFs) and related indicators for the domestic operations of credit institutions operating in Cyprus. Overseas operations are excluded. The figures for total […]

Mandatory electronic tax payment

The Cyprus Tax Department has issued a further reminder that with effect from 1 June 2018 both interim and final payments of Special Defence Contribution, commonly known as SDC tax, and income tax can only be made online through the JCCsmart website. District tax offices will only accept payments when they are overdue and include […]