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Stay informed of the latest news and developments from our firm. Discover what is shaping our practice and people.
GDPR 2 year Mark Anniversary
The 25th of May 2020 marks the second year since the General Data Protection Regulation (“GDPR”) came into force. The GDPR is widely considered as one of the most contested law in the EU’s history, and was the product of intense negotiations and thousands of proposed amendments. The vision and aim...
Cyprus is well-positioned for alternative investment funds
An interesting and informative article was recently published in Cyprus Mail newspaper by its business editor Andrew Rosenbaum. The article addressed the latest developments in Cyprus alternative investment funds (AIFs) and included comments and views from various industry experts including our ver...
DBRS Morningstar (‘DBRS”) lines up behind Fitch and Moody to provide a note of cautious optimism for the Cyprus economy.
On 15 May 2020, DBRS became the latest international credit rating agency to announce its assessment of Cyprus’ credit worthiness. Encouragingly, despite Cyprus now being two months into the Covid-19 pandemic ‘lockdown’ measures, and their obvious negative economic consequences, the agency has ch...
Covid-19 impact causes European Commission to postpone new tax measures.
Background On 8 May 2020, the European Commission (EC) announced its decision to postpone the entry into force of two EU taxation measures. The postponements are a recognition of the difficulties which Member States and businesses are currently encountering because of the Covid-19 pandemic. The po...
The story of good and evil in financial services law
THE storyline in the narrative of literary works or films is commonly built around a raging battle between ‘good’ and ‘evil’ in the face of the fictional characters and the situations or historic background they live in. The dream of Lennie Small, in Steinbeck’s novel ‘Of Mice and Men’ (1937), to ‘...
Covid-19 Restrictions may be easing-up, but we are not!
With a third of the year behind us, we are pleased to announce that we have now been awarded Mondaq’s ‘Contributor most read in Cyprus’ title for all four months to date. It is gratifying to know that you are finding the articles we publish interesting. It also reassures us that we are selecting...
EU declaration on human rights in the times of the coronavirus pandemic
On Tuesday 5 May 2020, the Council of the European Union (the ‘Council’) issued a ‘Declaration on human rights in the times of the coronavirus pandemic’. In this, the Council reaffirms its position that respect for all human rights must remain at the heart of fighting the pandemic and supporting th...
CHIEF ACCOUNTANT
As part of our continuous growth and development, we are currently looking to reinforce our Trust Company, at our headquarters in Limassol, with a highly motivated Chief Accountant. The position The successful candidate will report to the Manager of the Client’s Accounting department and will be re...
Coronavirus – COVID 19, an invisible enemy attacking the performance of agreements
The world is facing an unprecedented crisis testing every system of public health as well as societies at every level: political, social and economic. Covid – 19, the so-called “invisible enemy,” has left nothing untouched, including, inevitably, the performance of contractual obligations worldwide...
Moody’s Research Announcement – a welcome vote of confidence in Cyprus?
On 15 April 2020 Moody’s Investors Service announced that it was downgrading the outlook for the Cyprus banking system from ‘positive’ to ‘stable’ as a result of the probable impact of the coronavirus (Covid-19) on the Cyprus economy. The overall credit rating, however, remained constant at the Ba2...
COVID-19: How it affects annual general meetings
Introduction Due to the outbreak of the Coronavirus Disease (“COVID-19”), the Republic of Cyprus, like many other countries, has declared a state of emergency and imposed a national lockdown in an attempt to contain the spread of COVID-19. Passenger flights have been banned, and the movements of pe...
Elias Neocleous & Co LLC heads once more Legal 500 Rankings 2020 for Cyprus – ‘The firm’s service and advice are first class in every area.’
We are delighted to announce that Elias Neocleous & Co LLC has recorded its best performance to date in the Legal 500 Europe, Middle East & Africa 2020 rankings: confirming our position as by far the pre-eminent law firm in Cyprus. Not only were all departments highly rated, but a record nu...