News

Cyprus and Barbados sign double taxation avoidance agreement

After several years of negotiations, Cyprus and Barbados signed an agreement for the avoidance of double taxation on 3 May 2017 in London. The two countries have a good deal in common: both are former British colonies that achieved independence in the 1960s and both have a service-based economy, in which tourism and international financial

Elias Neocleous & Co LLC assists with the establishment of the first active domestic UCITS in Cyprus

Elias Neocleous & Co LLC has a specialist funds advisory team forming part of our Financial Services Support and Advice practice area. We recently assisted a major regional financial institution with the establishment and licensing of the first active domestic Undertaking for Collective Investment in Transferable Securities fund in Cyprus. The fund operates as a

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

TESTIMONIALS

Deal makers, professionals and service oriented.
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
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
To the point, very helpful and complement advice. Was always aiming to get it done in an efficient and timely manner. Delivered results despite some obstacles in between.
IFLR 1000 Client Feedback 2019

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