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Stay informed of the latest news and developments from our firm. Discover what is shaping our practice and people.
‘Justice delayed is justice denied’
An article with the above title, authored by our Associate Maria Hadjisavva, was recently published by In-cyprus.com. In the article Maria explores an apparent difference in attitude on the part of the Cyprus authorities when addressing crimes, and potential crimes, in which the victim, or potenti...
Exam success for our next generation of tax experts
Elias Neocleous and Co LLC is pleased to announce the examination success of its three candidates in the second stage of the Advanced Diploma in International Taxation (ADIT). The ADIT is regarded as the benchmark for quality in international tax matters and success at this stage brings them all a...
Anticipated law regulating self-catering accommodation rentals in Cyprus was finally enacted
On Friday 17/01/2020, the House of Representatives passed a new law, N. 9(I)/2020 (also “the Law”), regulating the registration and operation of self-catering accommodation, which was subsequently published in the Government’s official Gazette on the 7th of February 2020. The Law is directed at op...
Cyprus: Maritime Cyber Risk Management in Safety Management Systems
On 17 February 2020, the Shipping Deputy Ministry of Cyprus issued Circular 4/2020 in relation to cyber risk following IMO Resolution MSC.428(98) which recognizes the urgent need to raise awareness on cyber risk threats and vulnerabilities to support safe and secure shipping, which is operationally...
Elias Neocleous & Co llc advises CPI Property Group
Elias Neocleous & Co LLC recently advised CPI Property Group (“CPI) on the Cypriot aspects of an acquisition of shares in Globalworth Real Estate Investments Limited (“GREIL”). CPI is a company listed on the Frankfurt Stock Exchange with a property portfolio of circa EUR 8 billion. The share...
Extension of the Cyprus Tonnage Tax System until 31 December 2029
The Shipping Deputy Ministry has issued Circular 1/2020 informing shipowners, charterers and shipmanagers that following the formal assessment of the Cyprus tonnage tax scheme, the European Commission has concluded that the relevant scheme of Cyprus is compatible with the internal market and in lin...
Elias Neocleous & Co LLC. awarded as Mondaq’s most read contributor in Cyprus
We are pleased to announce that in January, once again, Mondaq has bestowed its “Contributor most read in Cyprus” award on Elias Neocleous & Co LLC. Following our performance in 2019, when we achieved the ‘top’ contributor award in six separate months, we are delighted to open 2020 with a sim...
Cyprus hosts 2020 Legal 500 GC Summit.
20th February 2020 will see Cyprus take another step in cementing its reputation as a premier business location when, for the first time, it will host the 2020 Legal 500 General Counsel Summit (the ‘GC Summit’). The Legal 500 is internationally renowned for producing a wide-ranging series of...
ESMA and CySEC announcements re Brexit 31 January 2020
The UK withdrew its membership from the EU (“Brexit”) with effect from 1:00am Cyprus time on 1 February 2020. A transition period is set to apply until 31 December 2020, in accordance with the terms of Withdrawal Agreement which was negotiated between the EU and UK. Both ESMA and CySEC have issued...
CITYWEALTH IFC AWARDS
We are delighted to be recognised in the latest Citywealth IFC Awards 2020 held in London on the 29 January 2020, as runner up in the Law Firm of the Year – Malta & Cyprus . The awards were organised by Citywealth, to recognise the top performers in the private wealth sector, j...
Forging a Green Future – The European “Green Deal Investment Plan” and “Just Transition Mechanism”
On 14 January 2020 the European Commission (the EC) presented its Green Deal Investment Plan (the “Investment Plan”) to the public. The Investment Plan is a key element of the EU Green Deal strategy to deliver a carbon neutral Europe by 2050. Moving to a lower pollution, carbon neutral...
The European Green Deal – a man on the moon moment?
In time, if all goes to plan, 11 December 2019 may come to be regarded as a watershed moment for Europe and perhaps even for the planet. On this date the European Commission (‘the Commission’) presented the ‘European Green Deal’ (‘the Green Deal’) to the world. The Green Deal is effectively a det...