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Stay informed of the latest news and developments from our firm. Discover what is shaping our practice and people.
Biking to a sustainable Limassol?
A two-man team from Elias Neocleous and Co LLC recently completed the “2019 Bicycle Challenge Campaign”. The challenge was part of the co-funded European Programme ‘CIVITAS DESTINATIONS’. The aim of CIVITAS DESTINATIONS is to develop innovative projects in order to implement sustainable mobility...
Costas Stamatiou participates in the Colloquium on Civil Asset Tracing and Recovery organised by the United Nations Commission on International Trade Law (UNCITRAL)
Partner, Costas Stamatiou participated in the UNCITRAL Colloquium on Civil Asset Tracing and Recovery held on the 6th of December 2019 at the Vienna International Centre which hosts the United Nations Office in Vienna. The Colloquium was held immediately after the 56th session of Working Group V of...
Guidelines on risk factors under the Prospectus Regulation
CySEC has issued Circular C.344 (available in English here) addressed to those persons who are responsible for the preparation and issuing of an investment prospectus. Circular C.344 adopts the European Securities and Markets Authority (ESMA) guidelines, on risk factors under the Prospe...
CySEC acts to protect ‘crowdfunding’ investors
Crowdfunding is an alternative method to banking financing through which small and medium enterprises (“SMEs”) can access funding. This can happen mainly through small contributions by many investors. It is a financial relationship consisting of three parties; the business seeking financing by inve...
The Cyprus Commission for the Protection of Competition clears the biggest mall in Cyprus of allegations of concerted practices and abuse of dominant position
Associates of our firm Ramona Livera and Alexis Christodoulou were recently featured on Concurrences Antitrust Publications & Events for their contribution concerning a landmark decision handed down by the Cyprus Commission for the Protection of Competition. The complaint was filed by Beautylin...
EU enters into its first trade agreement in South East Asia
On 21st of November 2019 the EU-Singapore Trade Agreement (“the Agreement”) entered into force. The Agreement is the 16th trade agreement the EU has ratified since 2014. Importantly, it is also the very first trade agreement made with a country which is a member state of the Association of South E...
ISO 9001:2015 Certification
We are delighted to announce that, following its second Surveillance Audit, Elias Neocleous & Co LLC has successfully retained its ISO 9001:2015 certification. The audit, which was concluded on 31st October 2019, was performed by internationally renowned certification specialists Bureau Verita...
In tune with the zeitgeist! Elias Neocleous & Co LLC wins Mondaq award.
We are pleased to announce that Mondaq has awarded Elias Neocleous & Co LLC its “Contributor most read in Cyprus” award for October. Mondaq is an independent company which has created one of the world’s most comprehensive online resources of professional expertise and knowledge. Each month it p...
2020 Benchmark Litigation Europe rewards litigation team’s stellar performance!
We are gratified that Elias Neocleous & Co LLC has once again been listed as a top-ranking litigation firm by the Benchmark Litigation Europe assessment team. Additionally, two of our senior litigators, Chrysanthos Christoforou and Costas Stamatiou, have individually been accorded t...
Elias Neocleous & Co LLC awarded top ranking in 2019 ITR ‘World Tax Guide’.
We are pleased to announce that ‘World Tax 2020’, the International Tax Review’s (“ITR”) comprehensive guide to the world’s leading tax advisory firms has elevated the status of our Tax Advisory Team from ‘Highly Recommended Firm’ to ‘Top Tier Firm’. Additionally, the team’s work in areas of...
Cyprus and Egypt agree revised Double Tax Treaty
On 8th October 2019 Cyprus agreed an updated Double Tax Treaty with Egypt (“the Treaty”). The signing of the Treaty took place in Cairo during the Trilateral Summit between Cyprus, Greece and Egypt. Signatory for Cyprus was Foreign Minister Nikos Christodoulides and his counterpart, Samir Shoukry...
The BVI International Tax Authority has issued the BVI’s Economic Substance ‘Rules and Explanatory Notes’ supplementing the Economic Substance (Companies and Limited Partnerships) Act, 2018
In December 2018, the British Virgin Islands (“BVI”) introduced the Economic Substance (Companies and Limited Partnerships) Act, 2018 (the “Act”) which came into effect on 1 January 2019. Supplemental to the Act, the BVI International Tax Authority (the “ITA”) has issued the BVI’s Economic Substa...