Surrogacy on demand, a dystopian reality?
An article by Christina Avgousti, Associate at Elias Neocleous, examines the contrasting dynamics of surrogacy between the Republic of Cyprus and the occupied northern region. While the Republic implements strict regulations, including a ban on commercial surrogacy, the absence of legislative frameworks in the occupied north has facilitated a thriving surrogacy industry. This has led […]
Cultivating a Culture of Excellence: Our journey as an Employer of Choice
In our pursuit of a culture of excellence, our firm has persistently strived to cultivate and retain the reputation as an Employer of Choice—a place where professionals seek to engage in meaningful work, thrive, and play a material role in achieving a shared vision. An InBusiness article (Insider Edition) co-authored by our firm’s Human Resources […]
The 5th freedom: Corporate Mobility within the EU
A recent article on Lexology co-authored by Senior Associate Kyriaki Stinga and Associate Emilios Charalambous examines the transformative impact of Directive (EU) 2019/2121 on the European Single Market, marking a significant milestone in the evolution of EU company law. Against the backdrop of celebrating 30 years since the inception of the Single Market and its […]
Contemporary trends in Corporate Banking
An article authored by Christos Kafouris, Senior Associate at Elias Neocleous & Co LLC, published in Phileleftheros/ Insider, explores the key trends shaping the future of corporate banking in view of the rapid advancements in technology, shifting client expectations, and increasing focus on sustainability. It further explores the role of corporate bankers and how financial […]
Is the new evaluation system for civil servants really flawed?
Starting January 1st, 2023, the Public Service Commission (Evaluation of Employees) Regulations 2022, as outlined in the Regulatory Administrative Act 28/2022, were implemented. These regulations aimed to establish a fresh evaluation framework for public service performance. The primary objectives were to streamline employee evaluations, mitigate negative assessments, and prioritize merit-based promotions. In a legal context, […]
From Open Banking to Open Finance: The Framework for Financial Data Access (FiDA)
An article by Xenia Kalogirou, Senior Associate at Elias Neocleous & Co LLC, and published on Lexology, explores the evolution of financial data access from Open Banking to the broader concept of Open Finance within the Framework for Financial Data Access (FiDA). The European Commission’s legislative proposals, including FiDA, aim to modernize the financial sector, […]
The revamped EU ELTIF Fund Structure opens new opportunities for Fund Managers and Investors
The EU’s Long-Term Investment Fund framework, extensively redesigned to remove overly strict rules on eligible investments, diversification, and access by retail investors is expected to become a sought-after fund structure for providing long-term investment opportunities to retail and professional investors via a single passport across the Union. The new ELTIF 2.0 Regulation, fully applicable since […]
Zooming in on the challenges of the EU’s Digital Operational Resilience Act
The EU’s new Digital Operational Resilience Act (DORA) presents significant challenges by setting complex cybersecurity requirements for financial entities. Under the new rules that will apply from January 2025, financial entities such as banks, insurers, investment firms and fund managers will have to have in place intrinsic arrangements for comprehensive ICT risk management, resilience testing […]
Extension of UBO Register Submission. A simple Guide to Compliance and transparency.
In a sequence of official notifications, the Department of the Registrar of Companies and Intellectual Property (TEEDI) has been diligently updating the public and pertinent entities on crucial developments related to the establishment of the Register of Beneficial Beneficiaries. This journey began with the enactment of Law 188(I)/2007 on the Prevention and Combating of Money […]
Trademarking a celebrity in Cyprus
In the context of the increasing value of personal branding within the entertainment and public figure sectors, trademarking a celebrity’s name in Cyprus presents a unique set of challenges and opportunities. The process is governed by the Cyprus Trade Marks Law, which stipulates that a name must be distinctive and capable of distinguishing goods or […]
