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Stay informed of the latest news and developments from our firm. Discover what is shaping our practice and people.
Elias Neocleous & Co LLC recognised by Who’s Who Legal as leading experts on Cyprus Employment Law
Nicholas Ktenas, partner of our Nicosia office and head of our Employment Law, Information Technology and Data Protection practices has been identified by Who’s Who Legal independent researchers as being among the world’s leading labour, employment and benefits lawyers for fourth consecutive year and one out of less than a handful of recognised experts in […]
Guidance on Identifying, Assessing and Understanding the Risk of Terrorist Financing in Financial Centres
On 1 March 2019, the Cyprus Securities and Exchange Commission (“CySEC”) issued Circular 299/28.02.2019 (the “Circular 299”) to regulated entities in Cyprus. The Circular 299 is a summary of its findings based on the guidance on Identifying, Assessing and Understanding the Risk of Terrorist Financing in Financial Centers (the “Guidance”). The Guidance was examined and […]
EBA recommends maintaining protection of depositors in case of a no-deal Brexit
The European Banking Authority (EBA) published on 1 March an Opinion, on deposit protection issues that relate to the withdrawal of the UK from the EU, based on Article 29(1)(a) of Regulation (EU) No 1093/2010 (the EBA Regulation). This is an initiative of EBA so as to promote a consistent approach in the area of […]
Costas Stamatiou participated in the Asset Recovery International Conference which was held in Dublin in February 2019
Elias Neocleous & Co LLC Partner, Costas Stamatiou participated in the Asset Recovery International Conference which was held in Dublin in February 2019. Costas was a panelist on the topic Freezing the Un-freezable: Freezing and Enforcement against Unusual Assets which examined legal and practical issues involved in the freezing of assets such as diamonds, cryptocurrencies […]
January 2019 – Annual inflation data
On 22 February, Eurostat, published figures on the inflation of the countries of the European Union. The annual inflation rate in the Euro area was 1.4% in January 2019, marking a slight decrease compared to 1,5% of December, while, a year earlier, the relevant number was 1.3%. The annual inflation observed in the EU was 1.5% in January 2019, slightly lower than […]
EBA publishes Handbook on valuation for purposes of resolution
On 22 February, the European Banking Authority (EBA) published a Handbook on valuation for purposes of resolution, addressed to the national and EU resolution authorities. The basis for this initiative is Article 29(2) of Regulation (EU) No 1093/2010 establishing the EBA. Even though it is not binding for the resolution authorities, this Handbook is an instrument to promote convergence […]
Partners and Staff Retreat
During the weekend of 16 – 17 February 2019, our firm’s members enjoyed a relaxing and vibrant weekend together with their families, at the Aphrodite Hills Hotel. The retreat was dedicated to a series of workshops focusing on “Leadership, coaching, strategic and budget planning for 2019”, “The challenges of work balance in life” and other activities, with the motto “Climbing […]
CySEC proposes bringing Crypto Asset Activities under the ambit of the AML Law
On 19 February 2019, the Cyprus Securities and Exchange Commission (“CySEC”), issued a consultation paper, for interested market participants to express their views on proposed amendments to the Cyprus AML Law (L. 188(I)/2007 as in force). The proposed amendments extend the scope of Cyprus AML Law in line with the provisions of the EU Fifth […]
Standing out in the legal arena
The article below taken from the ‘Gold News’ magazine is featuring Cyprus’ top workplaces/environments in its February issue. Without a doubt, it’s a great pleasure for our leading firm, to be selected among numerous competitive companies as one of the highest-ranking workplaces in Cyprus. The state of the art building, the excellent working […]
New EU rules on promoting the free movement of citizens by simplifying the requirements for presenting certain public documents in the European Union
Under the Regulation adopted in 2016, new EU rules to cut red tape for citizens moving to or living in another EU country start to apply as at of 16th of February 2019 across the EU. Stamp and bureaucratic procedures are no longer required when presenting certain public documents issued in one EU country to […]
The 2019 Reflect Festival and Venture Capital and Technology insights forum
We are pleased to announce that we are Silver sponsors of the 2019 Reflect Festival, the largest future-casting festival in Southern Europe and the Middle East, which aims to present the possibilities that technology will bring in the fields of artificial intelligence, health, mobility and other fields. It will include a Venture Capital and Technology […]
Issuance of tax residence certificates based on the 60-day residence rule – holding a position in a Cyprus tax-resident company
The Cyprus Tax Department has issued a circular (EE 33 dated 29 January 2019) giving guidance on the tax residence provisions for individuals introduced by Law No.119(I)/2017. With effect from the beginning of 2017, individuals who are physically present in Cyprus for one or more periods amounting to at least 60 days during a tax […]