January 2019 – Annual inflation data
On 22 February, Eurostat, published figures on the inflation of the countries of the European Union. The annual inflation rate in the Euro area was 1.4% in January 2019, marking a slight decrease compared to 1,5% of December, while, a year earlier, the relevant number was 1.3%. The annual inflation observed in the EU was 1.5% in January 2019, slightly lower than […]
Supreme Court revokes first-instance court’s decision on statement of claim amendments
Author: Maria Hadjisavva Law Firm: Elias Neocleous & Co LLC Publisher: International Law Office Practice area: Litigation and Dispute Resolution
EBA publishes Handbook on valuation for purposes of resolution
On 22 February, the European Banking Authority (EBA) published a Handbook on valuation for purposes of resolution, addressed to the national and EU resolution authorities. The basis for this initiative is Article 29(2) of Regulation (EU) No 1093/2010 establishing the EBA. Even though it is not binding for the resolution authorities, this Handbook is an instrument to promote convergence […]
Partners and Staff Retreat
During the weekend of 16 – 17 February 2019, our firm’s members enjoyed a relaxing and vibrant weekend together with their families, at the Aphrodite Hills Hotel. The retreat was dedicated to a series of workshops focusing on “Leadership, coaching, strategic and budget planning for 2019”, “The challenges of work balance in life” and other activities, with the motto “Climbing […]
Compulsory licensing in Europe
Law firm: Elias Neocleous & Co LLC Author: Maria Kyriacou, Efrosini Monou, Ramona Livera Publisher: European Patent Office Practice area: Intellectual Property
CySEC proposes bringing Crypto Asset Activities under the ambit of the AML Law
On 19 February 2019, the Cyprus Securities and Exchange Commission (“CySEC”), issued a consultation paper, for interested market participants to express their views on proposed amendments to the Cyprus AML Law (L. 188(I)/2007 as in force). The proposed amendments extend the scope of Cyprus AML Law in line with the provisions of the EU Fifth […]
Standing out in the legal arena
The article below taken from the ‘Gold News’ magazine is featuring Cyprus’ top workplaces/environments in its February issue. Without a doubt, it’s a great pleasure for our leading firm, to be selected among numerous competitive companies as one of the highest-ranking workplaces in Cyprus. The state of the art building, the excellent working […]
New statutory interest rate on judicial awards enters into force
Law firm: Elias Neocleous & Co LLC Author: CHRISTIA MIDDLETON Publisher: Juris Publishing, Inc Practice area: CORPORATE AND COMMERCIAL
New EU rules on promoting the free movement of citizens by simplifying the requirements for presenting certain public documents in the European Union
Under the Regulation adopted in 2016, new EU rules to cut red tape for citizens moving to or living in another EU country start to apply as at of 16th of February 2019 across the EU. Stamp and bureaucratic procedures are no longer required when presenting certain public documents issued in one EU country to […]
Cyprus chapter of “International Joint Ventures”
Law firm: Elias Neocleous & Co LLC Author: ELIAS NEOCLEOUS Publisher: Juris Publishing, Inc Practice area: CORPORATE AND COMMERCIAL
