News

The new Merchant Shipping (Marine Equipment) Law

The Department of Merchant Shipping (DMS) has announced the enactment of the Merchant Shipping (Marine Equipment) Law (Law 23(I)/2017), which transposes the latest EU Marine Equipment Directive into national law. The objective of the new Marine Equipment Directive is to enhance safety at sea and to prevent marine pollution through the uniform application of the

CySEC request for regulated entities’ assistance in consultation on payment services

The latest circular from the Cyprus Securities and Exchange Commission to entities that it regulates requests their participation in a public consultation on draft guidelines setting out payment service providers’ obligations regarding detection and prevention of the abuse of funds transfers for terrorist financing and money laundering purposes. The consultation is being undertaken jointly by

EXAMINERSHIP: saving viable companies from insolvency?

Until recently insolvent companies registered in Cyprus had only two options: to come to a compromise with their creditors, or to be wound up. Arriving at a compromise depended on retaining the goodwill and cooperation of all the creditors until the process was complete: there was nothing to stop any creditor taking individual enforcement action

Citywealth interview with Elias Neocleous

Citywealth,  the leading portal for ultra-high net worth clients and their advisers and managers working in the private wealth sector, produces a range of publications, events, training and networking groups which bring together different segments of the market to build business and raise standards in the sector, connecting global private wealth management professionals and private

Extension of submission date for employee tax returns

The Cyprus Tax Department has announced an extension of the date for submission of the Employee Income Statement for the tax year 2016. Printed forms must be submitted no later than 2 May 2017 and returns submitted electronically via the “Taxisnet” system must be submitted no later than 30 September 2017. In every case, both

Seminar on recovery and restructuring

On 5 April a team from our firm, led by Maria Kyriacou, head of our Nicosia office, presented a seminar for senior personnel of one of the leading local banks on the topic of dealing with problem debt. The presentation covered all the options available to banks, from informal restructuring and performance improvement to formal

TESTIMONIALS

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
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
They're transparent and amenable with a clear knowledge of the local market and how to navigate it.
IFLR 1000 Client Feedback 2019
Deal makers, professionals and service oriented.
IFLR 1000 Client Feedback 2019
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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