Latest
News & Events
Stay informed of the latest news and developments from our firm. Discover what is shaping our practice and people.
Epic events unfolding!
An article concerning litigation between industry giant Apple Inc. and Epic Games Inc., written by our Legal Consultant, Michael Davies, was recently published in the Cyprus Mail. In his article Michael outlines the arguments which underpin the dispute. It may be viewed in full by following this link. Subsequent to its submission, Judge Yvonne Gonzalez […]
Tax Department announces probable extension to deadline for submitting 2019 Tax Return TF1.
On 25 August 2020, the Tax Department issued an announcement that, due to technical reasons, it has not yet been able to make the following 2019 Income Tax Returns available for submission via TAXISnet: Employees and individuals (TF1_individual), Self employed individuals with turnover below EURO 70,000 (TF1_self employed). Ordinarily the returns are available for submission […]
Government and EU announcements on August 24th bring some holiday cheer.
Cypriots who were hoping to gain some respite from this summer’s unusually high temperatures once 15th August had passed have been disappointed this week. However, consumers, workers, employers, business people and even the Cyprus government all had some reason to feel more cheerful on 24th August! The first drop of good news was a confirmation […]
August 2020, Elias Neocleous & Co LLC – ‘A law firm to watch’
We are pleased to announce that, for the second consecutive year, India Business Law Journal (IBLJ) has awarded our firm the accolade of ‘Law firm to watch’ for our India related work in 2020. Founded in 2007, this is the 14th year that the IBLJ has conducted an independent survey to determine the top foreign […]
An interview with our managing Partner, Mr. Elias Neocleous, was recently published in the GOLD magazine.
In the interview Mr. Neocleous mentioned he is optimistic that, once the current COVID-19 global health crisis comes to an end, Cyprus economic activity will soon recover. He did, however, highlight some of the challenges that the current pandemic situation has brought to the market. Mr. Neocleous also expressed his views on the role that […]
ELIAS NEOCLEOUS & CO LLC LENDS SUPPORT FOR VICTIMS OF LEBANESE EXPLOSION
We are deeply saddened by the horrific news of the devastation, loss of life, and displacement of so many, following the tragic explosion in Beirut on 4 August 2020. As one of our closest regional neighbours the beautiful country of Lebanon, with its wonderful and talented people is close to our hearts, and the images […]
The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, has issued a Public Statement recommending coordination of supervisory action with regards to issuers’ accounting for COVID-19-related rent concessions
ESMA has recently issued a Public Statement to promote coordinated action by National Competent Authorities (NCAs) in the context of the COVID-19 pandemic in relation to issuers’ obligations to publish periodic information that is drawn up in accordance with the relevant reporting framework. In view of the difficulties of IFRS 16, ESMA expects that, […]
Congratulations to our new lawyers!
It is with immense pleasure and pride that we announce the successful performance of the firm’s candidates in the 2020 Cyprus Bar Examinations. We are fortunate, as a firm, to attract those whom we believe to be the brightest and best to our lawyer trainee scheme. Once again, despite experiencing training disruptions due to the […]
DAC6: Cyprus adopts EU Council’s deferral amendment
On 24 June 2020, the EU Council adopted an amendment to the Directive on Administrative Cooperation (DAC6), inserting Articles 27a and 27b. The effect of the amendment was to allow EU Member States an option to defer, by up to six months, the time limits for the filing and exchange of the reportable arrangements. On […]
An interview of our managing partner, Mr. Elias Neocleous, was recently published in the Insider magazine.
In the interview Mr. Neocleous expressed his satisfaction with the efficient manner in which our firm had operated during the pandemic and also, his optimism for the outlook of the Cyprus economy. He stressed that the crisis has created opportunities which our country must take advantage of. Now is the ideal time for Cyprus to […]
Immigration: ECtHR decision confirming the right of denial of entry to foreigners
Our associate, Ms. Ioanna Christodoulou, recently published an article in Fileleftheros Newspaper, addressing a recent decision of the European Court of Human Rights, in relation to immigration issues. In her article, Ioanna clarifies the circumstances under which a foreigner has the right to be recognized as a refugee and enjoy the relevant international protection. According […]
EBA publishes overview of public guarantee schemes issued in response to the Covid-19 pandemic
The European Banking Authority (EBA) recently published a list of the public guarantee schemes issued in response to the COVID-19 pandemic. This publication, which complements the information included in the EBA Report on the implementation of selected COVID-19 policies, aims at providing transparency to the public on the existence of public guarantees. It also responds […]