Analyzing Ukraine’s new landmark law on the legal regulation of digital content and digital services
On August 10, 2023, the Ukraine parliament adopted the Law of Ukraine No. 3321-IX ‘On Digital Content and Digital Services” (the ‘Law’). The law was officially published on 2 September 2023 and will become effective on 2 March 2024 after the completion of a 6-month transitional period necessary for businesses and governmental authorities to adapt […]
Guidelines are crucial for secure AI system development
The need for accurate data on which to train artificial intelligence (AI) to achieve optimal outcomes, predictions or tasks has never been more critical. Without it, the results could be worthless output at best, or harmful decisions and loss of life at worst, specifically in the case of reliance on AI driven diagnostic decisions in […]
EU’s sustainability reporting rules set to have major effect on Cypriot companies
In a major shift toward corporate accountability, the EU has recently overhauled its sustainability reporting rules under the Non-Financial Reporting Directive (NFRD) pertinent to large, listed companies, banks, and insurers with 500+ employees. The new Corporate Sustainability Reporting Directive (CSRD), adopted in December 2022, not only strengthens these requirements but also creates additional, complex challenges. […]
EU edges closer to its inaugural legal framework for Artificial Intelligence
A recent Phileleftheros article authored by Stefanos Sofroniou, Senior Associate at Elias Neocleous, explores the imminent agreement at EU level of the first ever legal framework on Artificial Intelligence (AI), expected to be finalized in December. The proposed Regulation aims to delineate specific obligations for AI systems based on the risk levels posed to end […]
Understanding the ECB’s Digital Euro and its financial implications
A recent article authored by Dorina Mastora, Deputy Compliance Officer at Elias Neocleous & Co LLC, and published in the Sunday edition of the Cyprus Mail explores the European Central Bank’s (ECB) Digital Euro, a centralised digital currency set to complement traditional cash within the European Union (EU). The ECB’s Governing Council has entered the […]
Elias Neocleous & Co LLC contributes the Cyprus chapter to the Legal 500: Tax Comparative Guide (8th edition)
Elias Neocleous & Co LLC is delighted to announce the most recent update of the Cyprus Chapter of the Legal 500: Tax Comparative Guide (8th edition). Co-authored by Senior Associate Elena Christodoulou, Legal Consultant Fabian Cabeza and Associate Alexis Christodoulou, the chapter provides a thorough examination of the Cyprus system of taxation at both individual […]
EU nears first legal framework on artificial intelligence
A recent article authored by Stefanos Sofroniou, Senior Associate at Elias Neocleous, and published in the Cyprus Mail, discusses the first ever legal framework on Artificial Intelligence that could be agreed upon by the EU legislators as soon as this December. In the final stages of the negotiation process, the rules set forth by the […]
Admiralty Court delivers judgement on ship collision with fish farm
A recent article co-authored by Costas Stamatiou, Partner at Elias Neocleous & Co LLC, together with Senior Associates Vassilis Psyrras and Andreas Christofides, discusses the Admiralty Court’s February 2023 judgment on Admiralty Action 7/2021 which concerned the collision of a vessel with fish cages. The article addresses the facts used by the Court to conclude […]
AMLA – the new guardian in the fight against money laundering
European Parliament Members (MEPs) have expressed their strong support for the newly proposed EU legislative package to amend the AML framework, implement the 6th AML Directive and present the new Anti-Money Laundering Authority (AMLA). Multiple EU member states are now actively competing to host the headquarters of AMLA in their respective countries. An insightful article […]
Upcycling and Intellectual Property: Emerging Trademark Infringements in The Era of Sustainable Fashion
Awareness surrounding environmental issues has grown significantly in recent years, and consumers are realizing the profound impact of their choices on the planet. This enhanced consciousness extends to various aspects of our lives, including the clothes we wear. In response to this growing environmental concern, new ways to “consume” fashion have emerged, offering alternatives to […]
