Insights
Publications
Explore our latest publications and legal insights. Sharing knowledge on key legal and industry developments.
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 […]
The impact of the new Foreign Subsidies Regulation on large EU dealmaking
An article authored by Stefanos Sofroniou, Senior Associate at Elias Neocleous & Co LLC, discusses the complex challenges that the new EU Foreign Subsidies Regulation presents for large EU merger and acquisition transactions involving foreign subsidies. The new rules, applicable since July 2023, provide for mandatory ex-ante notification and screening by the European Commission of […]
EU Takes Bold Steps to Combat Money Laundering: What You Need to Know
On January 18, 2024, the European Union (EU) made a significant stride in its fight against money laundering and terrorism financing with a provisional agreement on a comprehensive anti-money laundering package. This milestone, initially introduced in July 2021, underscores the EU’s commitment to safeguarding the financial integrity of its member states and protecting the rights […]
Positioning Cyprus as a global technology hub
In recent years, Cyprus has emerged as a preferred destination for international and regional headquarters of tech multinationals. Its strategic location at the crossroads of Europe, Africa, and Asia, coupled with its EU membership, positions Cyprus as an increasingly attractive choice for tech decision-makers looking to establish a foothold in a dynamic and strategic business […]
EU protection for craft products and AI limits in replicating human artistry
The European Commission’s groundbreaking Regulation 2023/2411, effective since November 16, 2023, transforms geographical indications protection for craft and industrial products, as discussed in an article co-authored by Ramona Livera and Anna Georgaka, and published on Lexology. This EU regulation, extending beyond traditional agricultural products, safeguards intellectual property rights for items produced by hand, with manual […]
Exploring key components of the EU’s 12th Russian sanctions package
A recent article authored by Elias Neocleous & Co LLC Associate Katerina Pillakouri, and published in the Cyprus Mail, explores the recent developments surrounding the European Union’s (EU) agreement on the 12th Russian sanctions package, in close cooperation with other G7 members, including the United States and the United Kingdom. Finalized on 19 December 2023, […]
Laying down the foundations on Remote Working in Cyprus: A New Era
An article authored by Demetris Gregoriou, Advocate/Associate at Elias Neocleous & Co LLC, and recently published in the Cyprus Mail, explores the emerging trend of remote working in Cyprus’ private sector, gaining prominence in the aftermath of the COVID-19 pandemic. The focal point of the article is the introduction of the Remote Working Law of […]
