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Stay informed of the latest news and developments from our firm. Discover what is shaping our practice and people.
Give a gift of blood and save a life
On Monday 9th March 2019, as part of our CSR philosophy and with the motto “Give a gift of blood and save a life” our firm successfully hosted its annual voluntary blood donation drive at the Limassol office. The social responsibility initiative was organized conjointly with the Limassol General Ho...
EU establishes Coronavirus response team
President Ursula von der Leyen has announced the creation of an EU coronavirus response team to coordinate the actions of the EU and member states in response to the current pandemic. The team is comprised of eight specialist European Commissioners who are currently responsible for the policies mo...
COVID – 19 issues? Elias Neocleous & Co LLC is ready to help!
We would like to inform you that we have introduced a dedicated online portal for issues specifically related to the COVID-19 pandemic. The portal may be accessed from our main website neo.law and it contains regularly updated legal guidance on areas of the law which are directly impacted by curre...
A message from Elias Neocleous- Managing Partner of Elias Neocleous & Co LLC.
The current COVID 19 pandemic renders these challenging times for Cyprus, and, indeed the world. They are also a reminder that there is nothing more important in life than the physical and mental wellbeing of our family, friends and the wider community. An important element of this wellbeing is t...
Rule of law as defined by Constitution must be upheld at all times
On 13 March 2020, the government of Cyprus announced that entry into the Republic would not be allowed except for certain categories of people including Cypriot citizens, legal residents, Europeans and other citizens working in the Republic, students, and a small number of people qualifying as spec...
CySEC circular on COVID-19 and respective Business Continuity and Contingency Plans of Regulated Entities.
On the very current topic of CoVID-19, the Cyprus Securities and Exchange Commission (“CySEC”) issued today Circular C358/6.03.2020 (available here) to all Regulated Entities, informing them that CySEC is actively following the developments related to the coronavirus disease 2019 (COVID-19) and the...
COVID-19 – a force majeure event?
Many Governments all over the world have imposed very strict measures (quarantine, travel bans/restrictions, closing of businesses, malls, theatres etc.), in order to protect their countries’ populations as a result of the unexpected COVID-19 outbreak. As it stands, it is difficult to foresee the w...
GC Summit Cyprus 2020 – Negative interest rates the new ‘norm’ for corporate customers
Negative interest rates on cash deposits are here to stay for the foreseeable future. That was the message attendees took home from the inaugural Legal 500 GC Summit Cyprus. The summit took place on 20th February at the Landmark Hotel, Nicosia, and was attended by prominent ‘in-house’ lawyers from...
Cyprus Profile – Growth opportunities in 2020
Managing Partner, Elias Neocleous, was recently asked to join Cyprus business leaders in attempting to predict what 2020 will hold for their business sector and for Cyprus as a whole. To read what he had to say about the future growth prospects both for the legal profession and, for the economy of...
Rent (Control) Law amendment assists landlords faced with defaulting tenants
‘Fileleftheros’ newspaper has recently published an article by Marina Vassiliou, Associate of Elias Neocleous & Co LLC. The article examines the key changes wrought by the Rent (Control)(Amended) Law of 2020 which entered into force on 31 January 2020. She notes that the chief effect of the le...
Chambers and Partners recognise excellence of Employment Law Alliance
We are pleased to announce that, ,for the fifth consecutive year, the Employment Law Alliance (“ELA”) has been recognised as a ‘Band 1’ organization by Chambers and Partners in their 2020 edition of “Employment: The Elite in Global-wide”. Founded by CEO Stephen Hirschfield, the ELA has members cove...
MONEYVAL Report – Plaudits for Central Bank of Cyprus but more work required on tackling terrorist financing.
Background On 12 February 2020 the Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (“MONEYVAL”) published its report on Cyprus (“the Report”). The aim of MONEYVAL is to ensure that its member states have in place effective systems to counter m...