Monthly Archives: December 2017

Implementation of the new EU Package Travel Directive

The Organised Travel and Associated Travel Arrangements Law of 2017, number 186(I) of 2017, transposes the provisions of EU Directive 2015/2302 of 25 November 2015 on package travel and associated travel arrangements into Cyprus law. The new law extends coverage beyond traditional package holidays organised by tour operators to other forms of combined travel such

Extension of country-by-country reporting deadlines

 [gdlr_row] [gdlr_column size=”1/4″][/gdlr_column] [gdlr_column size=”3/4″] Dec 21, 2017 Author: PHILIPPOS ARISTOTELOUS Law Firm: Elias Neocleous & Co LLC Publisher: International Law Office Practice area: TAX LAW, TAX PLANNING AND ADVANCED BUSINESS STRUCTURING [/gdlr_column] [/gdlr_row]

Reduction of non-performing loans in the Cyprus banking sector

The Central Bank of Cyprus (CBC) has released its latest analysis of data on non-performing loans in the Cyprus banking sector, covering the period to 31 August 2017, showing aggregate non-performing facilities (NPFs) and related indicators for the domestic operations of credit institutions operating in Cyprus. During the month of August non-performing facilities fell by

TESTIMONIALS

We have been assisted by Elias Neocleous in the context of capital markets transaction. Mr Demetris Roti was the partner in charge of the matter. We were very satisfied by the work of Mr Roti and his team as well as their ability to work towards tight deadlines
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Deal makers, professionals and service oriented.
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We have been using Neocleous for more than 10 years. We are very satisfied with their performance. They can support all the areas we may need help in. They have lawyers for all the practice areas. They are well educated and very fast on the job.
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Very  responsive and provided excellent guidance on issues of Cyprus law relevant in the transaction on which they represented us.
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Great work with all stakeholders including the government relations both in Cyprus and EU
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