Monthly Archives: February 2020

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 shares it successfully acquired had previously belonged to

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 line with the Guidelines on State Aid to Maritime Transport. The European

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 resources for in-house lawyers including ‘roundtables’ and

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 announcements clarifying the


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
IFLR 1000 Client Feedback 2019
Deal makers, professionals and service oriented.
IFLR 1000 Client Feedback 2019
Great work with all stakeholders including the government relations both in Cyprus and EU
IFLR 1000 Client Feedback 2019
I recently completed the sale of my house in Cyprus with Elias Neocleous & Co LLC and I just wanted to tell you how impressed I was with your Property lawyer who handled the matter. Her professional, calm and measured approach was amazing and really reassured us when things were not that straight forward. As a solicitor of some 40 + years in the private sector I must say that I rarely came across a young lawyer with such a combination of professional and personal qualities. This lawyer is a real asset to your firm!
Property Client
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.
IFLR 1000 Client Feedback 2019

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