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Stay informed of the latest news and developments from our firm. Discover what is shaping our practice and people.
Business conduct that is beyond reproach.
An interview with our Managing Partner, Elias Neocleous, has recently been published in Gold Magazine. During a wide-ranging discussion Elias was asked for his thoughts on the challenges and opportunities facing the professional services sector in Cyprus. Whilst he was able to suggest a host of areas ripe for growth, and in which Cyprus holds […]
EU seeks to build a Europe that is ‘fit for the digital age’.
The EU has, in recent years, strongly advocated the need to build a resilient Europe which is fit for the Digital Decade. This picture of Europe is one where people and businesses benefit from artificial intelligence-generated improvements (AI) in industry and in day-to-day life. However, also critical to this vision of the future, is an […]
Simply the best! Legal 500 awards ‘Tier 1’ status to all departments of Elias Neocleous & Co LLC.
The 2021 Legal 500 Europe, Middle East & Africa rankings have been released and we are delighted to report that Elias Neocleous & Co LLC has been awarded the highest rating possible. For the first time in the firm’s history all our departments are ranked as ‘Tier 1’. This is a feat which no other […]
Amendment to Assessment and Collection of Taxes Law extends deadlines for 2020 Tax Return submissions and provisional tax payments
An amendment to the Assessment and Collection of Taxes Law has been passed by the House of Representatives and was published in the Official Gazette 20 April 2021. The amendment extends the deadline for submission of Form T.D. 1 (Income tax return of individuals) and Form T.D. 7 (Employer’s return) for the 2020 tax year. […]
EBA published final draft technical standards specifying the methods of prudential consolidation
The European Banking Authority (EBA) recently published its final draft Regulatory Technical Standards (RTS) specifying the conditions according to which consolidation shall be carried out in line with the Capital Requirements Regulation (CRR). In particular, this initiative has been undertaken according to Article 18(9) of Regulation (EU) No 575/2013 (CRR), which mandates the EBA to […]
Elias Neocleous & Co. LLC faces Covid down with strong Financial Performance in 2020
Having completed the review of the firm’s financial performance for 2020 the management of Elias Neocleous & Co LLC would like to thank all partners and staff for the hard work and dedication that they have shown throughout what has been a very difficult year. The firm is extremely pleased to announce, that despite the […]
EU Taxonomy: tool for dynamic climate transition, risk and opportunities for business
Undoubtedly, in the past few years there has been a great deal of interest in the concept of ‘sustainable finance’ and the belief that it should be fundamental to the way the economy works. However, the unimaginable hardship that COVID-19 pandemic (‘the pandemic’) has created pressure on countries, governments, and each one of us, to […]
ESMA publishes guidelines on periodic information for trade repositories
The European Securities and Markets Authority, the EU’s securities markets regulator, has published its Final report and Guidelines on the reporting of periodic information and material changes by Trade Repositories (TRs) supervised under EMIR (Regulation 648/2012) and SFTR (Regulation 2015/2365). The aim of the Guidelines is to increase the transparency of TRs supervised by ESMA. […]
Introduction of new penalty regime for late filing of Annual Return delayed
Parliament has voted to defer the date from which new penalty rates will be applied to companies that fail to file their Annual Return documentation (HE32) within the prescribed time frame. The latest amendment to article 26(b) of Companies (Amending) (No.4) Law of 2020 was approved 7 April 2021. The effect of the amendment is […]
Clarity amidst confusion! Annulment of the decision of the Ministry of Transport regarding the Concession Contract for the provision of regular intercity public passenger transport services utilising buses.
On 16th February 2021, the Administrative Court annulled the decision of the Ministry of Transport (hereinafter referred to as “the Contracting Authority“) by which the “Concession Contract F: for the provision of Intercity Public passenger transport Services with the use of buses connecting cities in Cyprus”, was awarded to the company “Υπεραστικά Λεωφορεία Κύπρου (Υ.ΛΕ.ΚΥ) […]
Interview of our Managing Partner Elias Neocleous in the Lawyer Monthly magazine
An interview of our Managing Partner Elias Neocleous was recently published in the Lawyer Monthly magazine. In his interview Mr. Neocleous mentioned that Cyprus, often solely known as a popular tourist destination, is in fact a haven for investors and businesses alike. Highlighting the EU connection and appealing tax incentives, Mr. Neocleous debunked the common […]
Partner Costas Stamatiou was a speaker at the 15th Fraud, Asset Tracing & Recovery Conference
Our partner Costas Stamatiou was a speaker at the 15th Fraud, Asset Tracing & Recovery Conference – Geneva organized by C5 between the 23rd and 25th of March 2021. Mr. Stamatiou spoke on the topic of Venue Selection, Jurisdictional Challenges and the Recognition of Interim Freezing Orders Post-Brexit. For more information please speak with Costas […]