News

Transparency requirements of EU securitisation regulation to be incorporated into the Eurosystem Collateral Framework

The European Central Bank (ECB) has decided that the loan-level data reporting requirements of the Eurosystem collateral framework are to align with the disclosure requirements and registration process for securitization repositories specified in the Securitisation Regulation (Regulation (EU) No 2017/2402). The ECB decision is aimed at the promotion of efficiency and standardization in the securitization

GeSY / G.H.S. contributions for employers and employees

Commencing from 1 March 2019 all employers’ and employees’ in Cyprus will be required to make contributions to the General Healthcare System (G.H.S.), as follows:  Period: Employer Contribution:  Employee Contribution: 01/03/2019 – 28/02/2020  1,85% 1,70% From 01/03/2020  2,90% 2,65% Employers’ contributions and employees’ deductions are calculated on the gross salary (up to €180,000) and will be

Common Law Day conference

The potential impact of Brexit on international commercial litigation and UK law firms, as well as the doctrine of necessity, innovation hubs, and the tax implications of Brexit, were amongst the most important topics discussed during this year’s Common Law Day conference, at Hilton Park in Nicosia. Many thanks to the British High Commission and

Respected Cyprus business magazine Gold, dedicated its February 2019 Issue to examining Workplace Design and its effects on an employee’s ability to focus on work.

Elias Neocleous & Co LLC was proud to be prominently featured in the magazine’s cover story and recognised as having one of the most outstanding buildings and offices/workplaces in Cyprus.  The firm invests heavily in its staff and recognises the importance of the physical environment as a determining factor in both the employees ability to be

Elias Neocleous & Co LLC advised the Zarenkov family on the Cyprus law matters in their disposal of a 25% stake in Etalon Group Plc.

In February 2019, our Financial Services team assisted the Zarenkov family on Cyprus corporate and financial services law matters in their disposal of a 25% shareholding interest in Etalon Group Plc to Sistema PJFC, a publicly-traded diversified holding company. Etalon Group Plc, one of Russia’s largest and longest established development and construction companies,  is a Cyprus public company having

Reform on the EU legal framework on Copyright: prioritising the rights of creators and limiting the power of internet giants

The EU Parliament and Council are in the process of reforming the rules on copyright however, as yet there has been no formal adoption of the proposed Directive of the European Parliament and of the Council putting in place agreements reached between EU negotiators on updating digital copyright rules in the Single Market. Empowering new

TESTIMONIALS

Deal makers, professionals and service oriented.
IFLR 1000 Client Feedback 2019
They're transparent and amenable with a clear knowledge of the local market and how to navigate it.
IFLR 1000 Client Feedback 2019
Very  responsive and provided excellent guidance on issues of Cyprus law relevant in the transaction on which they represented us.
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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