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Stay informed of the latest news and developments from our firm. Discover what is shaping our practice and people.
A Cypriot NPL issue: At what price should secured assets be sold by creditors?
As the economy of Cyprus recovers from the problems of the past, NPLs are a factor negatively affecting the financial prospects of the country. Among the relevant issues arising is the extent to which the creditors are obliged to pursue the best price in the process of selling the pledged assets. Dimitris Roti and Ioannis […]
ESMA updates its Interactive Single Rulebook
On 14 March 2019, the European Securities and Markets Authority (ESMA) updated the ESMA Interactive Single Rulebook related to the provisions of the Market in Financial Instruments Directive (MIFID II) and Regulation (MiFIR). The Interactive Single Rulebook is an online tool of ESMA. It aims to facilitate the consistent application of the EU single rulebook in the […]
Seminar on Human Rights organised by the Larnaca and Famagusta Bar Associations
Nicolas Tsardellis, partner and head of our Nicosia litigation department was one of the speakers at a recent seminar on Human Rights organised by the Larnaca and Famagusta Bar Associations. Nicolas, a certified tutor of the Human Rights Education for Legal Professionals (HELP) of the Council of Europe, presented to the participants the methodology and […]
Patient Safety Conference 2019
In late January 2019, Elias Neocleous & Co LLC Lawyers, Mrs. Maria Hadjisavva and Mr. Theofanis Michailidis participated in the two-day Patient Safety Conference 2019 held in Nicosia and organized by the International Units of Continuing Nursing and Midwifery Education, with the support of the Pancyprian Medical Association and other professional medical organisations. The objective […]
Risks rising in corporate debt market
OECD has released its Corporate Bond Markets in a Time of Unconventional Monetary Policy study, indicating the trends of corporate bond issuance by non-financial companies and making some comparisons to the pre-crisis situation. According to the study, global outstanding debt in the form of corporate bonds issued by non-financial companies almost reached USD 13 trillion […]
Elias Neocleous & Co LLC recognised by Who’s Who Legal as leading experts on Cyprus Employment Law
Nicholas Ktenas, partner of our Nicosia office and head of our Employment Law, Information Technology and Data Protection practices has been identified by Who’s Who Legal independent researchers as being among the world’s leading labour, employment and benefits lawyers for fourth consecutive year and one out of less than a handful of recognised experts in […]
Guidance on Identifying, Assessing and Understanding the Risk of Terrorist Financing in Financial Centres
On 1 March 2019, the Cyprus Securities and Exchange Commission (“CySEC”) issued Circular 299/28.02.2019 (the “Circular 299”) to regulated entities in Cyprus. The Circular 299 is a summary of its findings based on the guidance on Identifying, Assessing and Understanding the Risk of Terrorist Financing in Financial Centers (the “Guidance”). The Guidance was examined and […]
EBA recommends maintaining protection of depositors in case of a no-deal Brexit
The European Banking Authority (EBA) published on 1 March an Opinion, on deposit protection issues that relate to the withdrawal of the UK from the EU, based on Article 29(1)(a) of Regulation (EU) No 1093/2010 (the EBA Regulation). This is an initiative of EBA so as to promote a consistent approach in the area of […]
Costas Stamatiou participated in the Asset Recovery International Conference which was held in Dublin in February 2019
Elias Neocleous & Co LLC Partner, Costas Stamatiou participated in the Asset Recovery International Conference which was held in Dublin in February 2019. Costas was a panelist on the topic Freezing the Un-freezable: Freezing and Enforcement against Unusual Assets which examined legal and practical issues involved in the freezing of assets such as diamonds, cryptocurrencies […]
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 […]
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 […]