Signing ceremony of the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting
A ground-breaking development took place on 7 June 2017 in Paris with the commencement of the first signing ceremony of the Multilateral Convention on Tax Treaty Related Measures to Prevent BEPS (the MLI). The MLI will apply alongside the existing treaties, modifying their application in order to implement the relevant BEPS measures, without requiring any […]
Reception to mark the National Day of Portugal
In his capacity as Honorary Consul General of Portugal Elias Neocleous, managing partner of our firm, co-hosted a reception at the Severis Foundation, Nicosia, to celebrate the National Day of Portugal on June 9. The reception was organised under the auspices of the Embassy of Portugal in Cyprus and the Honorary Consuls General of Portugal in […]
The Revised EU Directive on Payment Services in the Internal Market
The Revised EU Directive on Payment Services in the Internal Market, commonly abbreviated as PSD2, was adopted in December 2015. It replaces the original Payment Services Directive of 2007, which was transposed into Cyprus legislation in 2009. PSD2 sets out a common legal framework for businesses and consumers when making and receiving payments, whether within […]
Elias Neocleous & Co LLC – the sole Cyprus firm among the 100 elite firms of Europe
Click here to view the pdfLegal Business is the market-leading glossy monthly magazine for senior decision-makers in the UK and global legal market. Published ten times a year, the magazine reaches thousands of senior lawyers at major commercial firms across the UK and key financial centres of Europe, Asia and the US. It is published […]
The new law regulating hygiene standards for foodstuff manufacturers
Cyprus has recently updated its legislation on food hygiene with the enactment of Law 39(I)/2017, which governs hygiene standards for foodstuffs of plant origin intended for human consumption in accordance with EU legislation, particularly Regulation (EC) No. 852/2004 on the hygiene of foodstuffs. The new law makes it illegal to produce foodstuffs on a commercial […]
The European Account Preservation Order Regulation: facilitating cross-border debt recovery
The European Account Preservation Order Regulation, No. 655/2014, took effect in January 2017 and applies throughout the EU, apart from the UK and Denmark. It establishes a uniform European procedure to allow claimants in legal proceedings to obtain an “account preservation order”, or EAPO, ensuring that if they obtain a court judgment there are funds […]
Agreement between Cyprus and Russia on cooperation in fighting organized crime
The bilateral agreement between Cyprus and Russia on cooperation in fighting crime, especially in its organized forms, has been recently ratified by law N.3(III)/2017. The agreement, which was signed in Moscow in April 2016, sets out a framework for cooperation between the two countries in their efforts to maintain security and public order, and particularly […]
Promotions and new appointments in our Limassol, Nicosia and Paphos offices
Elias Neocleous & Co LLC, the leading Cyprus law firm, has promoted three lawyers to partnership, in the Limassol, Nicosia and Paphos offices. Demetris Roti, a specialist in corporate and commercial law, capital markets, mergers and acquisitions and banking and finance, has become a partner in the firm’s Limassol head office. Andrea Kallis Parparinou, who […]
Commencement of FATCA reporting cycle for 2016
The Cyprus Department of Taxation has announced the commencement of the FATCA reporting process in respect of the 2016 tax year. Financial institutions falling within the scope of FATCA are required to submit the requisite information electronically through the government web portal www.ariadne.gov.cy.
Simerini interview with Elias Neocleous
On 28 May Simerini, one of Cyprus’s largest daily newspapers, published a wide-ranging interview with Elias Neocleous, managing partner of the firm, setting out the events leading up to the establishment of Elias Neocleous & Co LLC, Elias’s vision for the future of the firm and his views on the future of the legal services […]
