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Stay informed of the latest news and developments from our firm. Discover what is shaping our practice and people.
New Modules on The Export of Data to Non- EU Countries.
(EC Decision of 4th of June 2021, Regulations EU 2016/679 and EU2018/1725) The European Commission, with its Implementing Decision 2021/914 of 4th of June 2021, forces the implementation, across all Member States, of Four Modules of Standard Contractual Clauses (SCC) (hereinafter referred to as the “Clauses”) to ensure uniform compliance with Regulation (EU) 2016/679 for […]
Update: towards the transposition of the Preventive Restructuring Frameworks Directive
With the adoption of Directive (EU) 2019/1023 on preventive restructuring frameworks, discharge of debt and disqualifications and measures to increase efficiency (Preventive Restructuring Frameworks Directive) and amending Directive (EU) 2017/1132 on certain aspects of company law (codification), EU member states are required to incorporate minimum common standards into their national restructuring and insolvency laws by […]
Further extension of DAC6 deadline
On the 3rd of June 2021, the Tax Department issued an announcement stating that there will be no imposition of administrative fines for the overdue submission of DAC6 information until the 30th of September 2021. This is a further extension to the one granted by the Ministry of Finance on the 26th of February 2021, […]
Partner, Anna Demetriou, receives international recognition.
We are pleased to announce that Anna Demetriou, Partner at Elias Neocleous & Co LLC, has become a fellow of the International Academy of Family Lawyers (‘IAFL’). Anna joins existing IAFL fellow and co-Partner, Christos Melides in obtaining this international acknowledgement of professional expertise. IAFL is a worldwide association of practising lawyers who are recognised […]
EU Law Firm of the Year!
We are pleased to announce that ‘Global Advisory Experts’ (GAE) has named Elias Neocleous & Co LLC 2021 ‘EU Law Firm of the Year in Cyprus’. GAE is one of the foremost guides to leading advisory experts throughout the world and it has been hosting the Global Law Experts annual awards since 2010. Through the […]
Our partner Nicolas Tsardellis was a speaker at the LAWYEREX online session held on the 27th May 2021.
Mr. Tsardellis spoke on the topic of Cypriot procedural law in civil matters. The event was organised by the European Lawyers Foundation and the Cyprus Bar Association, was co-funded by the Justice Programme of the European Union, and was attended by 40 lawyers from 8 different EU Member States. Under the programme, young lawyers can […]
Elias Neocleous participated as a speaker in the Cyprus Professional Services Conference
20 May 2021 saw the Hilton Nicosia host the Cyprus Professional Services Conference at which our Managing Partner, Elias Neocleous, was a key speaker. The conference attracted leading professional professionals from all parts of Cyprus with senior representatives of the legal, accounting, banking, finance, investment, trust and regulatory sectors all keen to exchange views on […]
New e-commerce VAT rules.
A newsletter has been issued by the Tax Department on the new VAT rules relating to cross-border e-commerce (business-to-consumer – B2C). The rules will enter into force from the 01st of July 2021. The new VAT e-commerce rules aim to put in place a simplified VAT system for businesses which provide services and/or sale of […]
‘Encouragement of Long-Term Shareholder Engagement Law’ now in effect in Cyprus.
The ‘Encouragement of long-term shareholder engagement law’ (‘the Law’), which transposes Directive (EU) 2017/828 of the European Parliament and the Council of 17 May 2017 (‘the Shareholders’ Directive), was published in the Official Gazette of the Republic 12 May 2021. It takes effect from that date. Background The Shareholder’s Directive was the response of the […]
The Best Lawyers in Cyprus™ (2021-22 Edition)
We are delighted to announce that 16 lawyers spanning all departments in Elias Neocleous & Co LLC have been individually listed in the 2021-2022 Edition of ‘The Best Lawyers™ in Cyprus’. In addition to being listed, Managing Partner, Elias Neocleous also received the Best Lawyers™ 2022 Tax “Lawyer of the Year” award. ‘The Best Lawyers™ […]
The clock is ticking for the “old” Cyprus IP Box regime
The provisions of the new IP Box regime, under some conditions, allow the companies that were benefiting from the old regime to continue to benefit until the end of June 2021. Cyprus entities will need to assess whether they are eligible to benefit from the new IP Box regime to ensure a smooth transition from […]
Keeping up with the Cyprus Private Client Sector
With the world currently in a state of flux due to the Covid 19 pandemic and a seemingly never-ending parade of new legislation and regulation it can sometimes be difficult for the private client to know quite what they should be doing to best protect their assets whilst staying on the right side of the […]