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Press releases and law firm thought leadership

This page is dedicated to keeping readers informed of the latest news and thought leadership articles from law firms across the globe.

If your firm wishes to publish press releases or articles, please contact Shehab Khurshid on +44 (0) 207 396 5689 or shehab.khurshid@legalease.co.uk

 

INTAX FORUM UKRAINE 2018

May 2018. Press Releases by Stelios Americanos & Co (view listing).

Stelios Americanos & Co LLC, participated at Intax Forum Ukraine 2018 which took place in Kiev, between 21 and 22 May 2018.

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Tax Update

May 2018. Press Releases by Stelios Americanos & Co (view listing).

Cyprus Tax Department has announced that, as of June 1st 2018, the following taxes, not bearing interest and charges, can ONLY be paid via JCCsmart (website www.jccsmart.com.cy). JCCsmart is a Cyprus portal used to contact payments to various organizations including the Government. This measure follows the successful implementation of the Pay As You Earn (PAYE) tax withheld from employees through JCCsmart.

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Enforcement of a Pledge over the Shares of a Cyprus Company (“Cyprus Pledge”)

April 2018. Press Releases by Stelios Americanos & Co (view listing).

A. Pledge

A pledge is by definition a possessory security interest and thus involves the delivery of possession, actual or constructive. A security interest is valid and enforceable once it has been attached to the asset and is perfected. A security interest that has been attached and perfected is enforceable as between the pledgor and pledgee. The effect of attachment is that the security interest fastens on the asset so as to give the creditor rights in rem.

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MEDICAL CANNABIS LEGALISATION

April 2018. Press Releases by Stelios Americanos & Co (view listing).

THE MAIN PROVISIONS OF THE LEGISLATION WHICH IS UNDER DISCUSSION BEFORE THE HOUSE OF THE REPRESENTATIVES FOR THE LEGALISATION OF THE IMPORTATION AND/OR PRODUCTION AND/OR CULTIVATION OF PHARMACEUTICAL CANNABIS

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FBME Bank Ltd: Compensation to Depositors, Deadline until 11th April 2018.

April 2018. Press Releases by Stelios Americanos & Co (view listing).

The Central Bank of Cyprus has on 9/4/2016, activated the procedure for the payment of compensation amount from the Deposit Guarantee Fund for Banks for deposits held in FBME Bank Ltd – Cyprus branch.

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STAMP DUTY

April 2018. Press Releases by Stelios Americanos & Co (view listing).

1. Scope of the Stamp duty Law.

1.1.Stamp duty is governed by Stamp Duty Law (19/1963) (hereinafter the “Law”). The Law (article 4 (1)) provides that the documents that are specifically named in its first schedule (and only such documents) are subject to stamp duty provided these documents relate to: (i) assets situated within the Republic of Cyprus; or (ii) matters or things to be performed or done in Cyprus; irrespective of the place of execution of such documents.

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Cyprus’ strong economic recovery-2018 Outlook

March 2018. Press Releases by Stelios Americanos & Co (view listing).

Cyprus’ strong economic recovery will continue in 2018 with the GDP expected to be 3.2% (2017: 3.8%) which is well above the European Union average. Inflation forecast shows an increase in 2018 to 1.2% (2017: 0.7%) well within the healthy limits, with unemployment expected to be near the 10% mark in comparison with 13% of the year before.

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Tax Update

March 2018. Press Releases by Stelios Americanos & Co (view listing).

Cyprus Tax Authorities announce the 10 year bond yield for Notional Interest Deduction (NID) purposes

The Cyprus tax authorities have announced the interest yield of the 10 year government bonds as at 31st December 2017 which increased by 3% grants tax allowance on new capital introduced into the Cyprus company.

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CYPRUS AN EMERGING EU FUND JURISDICTION

February 2018. Press Releases by Stelios Americanos & Co (view listing).

Cyprus consistent efforts to modernize its regulatory environment for investment funds, has created a legal framework bearing hallmarks of the regimes in Luxembourg and Ireland, and has strengthened Cyprus’ profile as an emerging European funds and asset management domicile.

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STELIOS AMERICANOS & CO LLC ADVISES THE €100 MILLION RESTRUCTURING OF THE ATHIENITIS GROUP

December 2017. Press Releases by Stelios Americanos & Co (view listing).

Stelios Americanos & Co LLC advised Athienitis Group over €100 million debt restructuring

The high profile transaction was one of the most complex restructuring in Cyprus as involved bank debt, bond holders issues and related litigation, financing provided by the Cyta Provident Fund, minority shareholder considerations and the construction and management of the Nicosia Mall a project with a construction cost of over €uro100million.

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NEW PARTNERS

December 2017. Press Releases by Stelios Americanos & Co (view listing).

The Law firm of Stelios Americanos & Co LLC, with pleasure announces the appointment as new Partners / Directors:

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Cyprus Tax residency for Individuals - Period of stay reduced to 60 days

August 2017. Press Releases by Stelios Americanos & Co (view listing).

On the 14th of July the Cyprus Parliament passed a law amending the Income tax law of 2002 as to the requirements of tax residency of individuals in Cyprus.

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TAX TREATMENT OF INTRA-GROUP BACK-TO-BACK FINANCING ARRANGEMENTS

July 2017. Press Releases by Stelios Americanos & Co (view listing).

The Cyprus Tax Department ("TD") has issued an interpretative Circular on 30th of June as to the tax treatment of intra group back to back financing arrangements. This follows the TD announcement that it will cease applying the minimum accepted profit margin on back to back loan schemes as agreed in July 2011.

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DC Finance Family Office & Wealth Management Conference in Israel: Cyprus Citizenship and Permanent

July 2017. Press Releases by Stelios Americanos & Co (view listing).

Stelios Americanos & Co LLC, participated in DC Finance conference in Israel on the 13th of June 2017. The seminar took place at Hilton, Tel-Aviv.

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STELIOS AMERICANOS & CO LLC ADVISES ISRAEL’S FATTAL AND ISSTA IN THE ACQUISITION OF 3 HOTELS IN PA

April 2017. Press Releases by Stelios Americanos & Co (view listing).

Stelios Americanos & Co LLC advised on Cyprus law issues the joint venture between Fattal, the Israeli hotel management chain and ISSTA, Israel's largest tourism company in the acquisition of hotels Cypria Maris, Cypria Bay and Laura in Paphos, Cyprus.

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Stelios Americanos & Co LLC adds 3 new lawyers to its legal team

March 2017. Press Releases by Stelios Americanos & Co (view listing).

With new additions to its already established legal team, Stelios Americanos & Co LLC Law firm welcomes 3 new lawyers aiming to strengthen further it’s litigation and corporate practices and continue serving its clients with integrity, personal commitment, dedication and professionalism.

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PRESS RELEASE ON THE CLIFF CONFERENCE, IN CYPRUS

March 2017. Press Releases by Stelios Americanos & Co (view listing).

Cliff Law Firm of Moscow and Stelios Americanos & Co LLC (Cyprus) host conference on “The Global Exchange of information: The business world on the threshold of a new era”

The new Multilateral Agreement on the Automatic Exchange of Financial Information between tax authorities and controlling bodies that has been signed by 83 countries, the Russian Federation inclusive, has launched a new era for the international business. The Exchange of Financial Information Agreement obliges the banks and generally financial institutions to disclosure information on the final beneficiaries of corporate accounts, as well as on international transactions. This newly emerging requirements will force the businesses to review their current setups and practices under the light of the new rules and directives.

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Saint Petersburg Conference - Properties Overseas:

March 2017. Press Releases by Stelios Americanos & Co (view listing).

Advantages, risks legal and tax structuring

Stelios Americanos & Co LLC, participated in Saint Petersburg conference on the 13th of December 2016, the topic of which was “Properties Overseas: Advantages, risks legal and tax structuring”. The seminar was co-organized with Delovoy Saint Petersburg and Maxima Legal and took place at Grand Hotel Europe.

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Stelios Americanos & Co LLC completed a successful visit to China

March 2017. Press Releases by Stelios Americanos & Co (view listing).

Stelios Americanos & Co LLC completed a successful visit to China, having met with clients and partners and participated in two conferences in Shanghai and Beijing in October/November 2016.

Following a successful visit to China in May, 2016, Stelios Americanos & Co LLC made a second trip to China, in order to participate in two conferences in late October, and early November 2016, in Shanghai and in Beijing. The Firm was represented by Len Judes who spoke about and presented the Cyprus Citizenship and Permanent Residency by investment programs.

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STELIOS AMERICANOS & CO LLC ADVISES IMMOFINANZ IN THE SALE OF ITS EUROPEAN LOGISTICS PORTFOLIO WORTH

March 2016. Press Releases by Stelios Americanos & Co (view listing).

Stelios Americanos & Co LLC advised on Cyprus law issues the Austrian financial group IMMOFINANZ in the sale of its European logistics portfolio to Blackstone.

The portfolio comprised of 36 logistics sites with approx. one million square metres of rental space in Germany (24 sites), Hungary (five sites) Romania (three sites), Poland (two sites) as well as in Slovakia and Russia (one site each).  The portfolio also included in three projects still in progress with an additional rental space of approx. 65,000 square metres, on in Germany and two in Romania.  The value of the portfolio amounted to approx. Euro 536 million in total.

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APPOINTMENT OF NEW LAWYERS – AWARD FOR ELENI POPHAIDES

May 2014. Press Releases by Stelios Americanos & Co (view listing).

APPOINTMENT OF NEW LAWYERS - AWARD FOR ELENI POPHAIDES

 

We are pleased to announce the appointment of 2 new lawyers in our legal team, Mr George Andreou and Ms Panayiota Georgiou.  We would like to welcome the new additions and wish them to achieve ours, and more importantly our client's aims with integrity, personal commitment, dedication and professionalism.

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APPOINTMENT OF NEW LAWYERS – AWARD FOR ELENI POPHAIDES

May 2014. Press Releases by Stelios Americanos & Co (view listing).

APPOINTMENT OF NEW LAWYERS - AWARD FOR ELENI POPHAIDES

We are pleased to announce the appointment of 2 new lawyers in our legal team, Mr George Andreou and Ms Panayiota Georgiou.  We would like to welcome the new additions and wish them to achieve ours, and more importantly our client's aims with integrity, personal commitment, dedication and professionalism.

 


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2014 Corporate Intl Global Awards is won by STELIOS AMERICANOS & CO LLC

May 2014. Press Releases by Stelios Americanos & Co (view listing).

2014 Corporate Intl Global Awards is won by STELIOS AMERICANOS & CO LLC

We are proud and delighted to announce that STELIOS AMERICANOS & CO LLC is the 2014 Client Choice Winner of Corporate Intl, for Banking & Finance Law Firm of the Year in Cyprus!

 

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Stelios Americanos & Co LLC expanding its reach into Asia

October 2013. Press Releases by Stelios Americanos & Co (view listing).

Consorted efforts in expanding our services into India, have resulted in a growth of business being referred to us by clients and colleagues in Mumbai and New Delhi. The attractive Double Tax Treaty between Cyprus and India, highlights the attractiveness of Cyprus as a gateway into the EU and similarly, for European companies looking to invest in or transact with India. 

 

 

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Appointment of new lawyers

October 2013. Press Releases by Stelios Americanos & Co (view listing).

We are pleased to announce the appointment of 2 new lawyers in our legal team, Mr Michalis Zambyrinis and Ms Ioanna Agathokleous. We would like to welcome the new additions and wish them to achieve our and more importantly our clients aims with integrity, personal commitment, dedication and professionalism.

 

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ARRICANO ADMITTED FOR TRADING IN THE AIM-STELIOS AMERICANOS & Co ACTED AS CYPRUS COUNSELS

October 2013. Press Releases by Stelios Americanos & Co (view listing).

Stelios Americanos & Co LLC acted as Cyprus counsels of ARRICANO REAL ESTATE PLC, a Cyprus public company, regarding it's admission for trading in the AIM in a 24million USD initial public offering (IPO).  Arricano is one of the leaders in the Ukrainian market of commercial real estate. For the purposes of the admission to AIM our firm has undertaken to perform a thorough due diligence over the Company and its Cyprus subsidiaries as well as the pipeline projects , acquired by the Company on Admission.  For the purposes of admission our firm was involved in the drafting of the Admission Document circulated to potential investors as well as the various documentation required under Cyprus law for the implementation of the Admission.

 

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ARRICANO ADMITTED FOR TRADING IN THE AIM-STELIOS AMERICANOS & Co ACTED AS CYPRUS COUNSELS

September 2013. Press Releases by Stelios Americanos & Co (view listing).

Stelios Americanos & Co LLC acted as Cyprus counsels of ARRICANO REAL ESTATE PLC, a Cyprus public company, regarding it's admission for trading in the AIM in a 24million USD initial public offering (IPO).  Arricano is one of the leaders in the Ukrainian market of commercial real estate. For the purposes of the admission to AIM our firm has undertaken to perform a thorough due diligence over the Company and its Cyprus subsidiaries as well as the pipeline projects , acquired by the Company on Admission.  For the purposes of admission our firm was involved in the drafting of the Admission Document circulated to potential investors as well as the various documentation required under Cyprus law for the implementation of the Admission.

 

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M&A INTERNATIONAL AWARDS

February 2013. Press Releases by Stelios Americanos & Co (view listing).

The M&A International Awards is the most prestigious and complete professional awards programs, in which legal experts and practitioners in 163 countries cast their vote in favour of their preferred choice.  The Awards are generally considered as the sole recognition dedicated to professional excellence on a truly global basis. 

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NEW OFFICE IN ATHENS

February 2013. Press Releases by Stelios Americanos & Co (view listing).

The Law firm of Stelios Americanos & Co LLC is very pleased to announce its expansion with the opening of a branch office in Athens, Greece.

The Athens office will allow us to better serve and provide more convenience for clients based in Greece.

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GLOBAL COMPANY FORMATIONS AND CORPORATE MANAGEMENT

November 2012. Press Releases by Stelios Americanos & Co (view listing).

Our International Corporate and Tax Planning department is now offering worldwide company formation, management and administration services. Clients will now be able to have a ‘one-stop-shop’ for all their corporate structure needs without the necessity to coordinate or liaise with different professionals.

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REAL AND VIRTUAL OFFICE SERVICES

November 2012. Press Releases by Stelios Americanos & Co (view listing).

Our firm can provide assistance to clients in setting up their own office in Cyprus whether Real or Virtual.

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Legal Developments in Cyprus

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to