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NEOCLEOUS HOUSE, 195 MAKARIOS III AVENUE, 1-5TH, LIMASSOL, CY-3030, CYPRUS
Tel:
Work +357 25 11 0110
Fax:
Fax +357 25 11 0001
Email:
Web:
www.neo.law

Cyprus

Banking and finance
Banking and finance - ranked: tier 1

Elias Neocleous & Co LLC

Elias Neocleous & Co LLC regularly advises local and foreign banks on complex deals and receives referrals from international law firms. The ‘client-oriented and experienced’ team advised a consortium of banks from Austria, Croatia, Italy and Slovenia on the Cypriot law aspects of a €20m facility for the construction of a new hotel. Other key clients include Coutts and Bloomberg. Demetris Roti heads the team, which includes ‘precise and meticulous’ duo Elias Neocleous and Costas Stamatiou. The team is also ‘very experienced in asset recovery work’.

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Commercial, corporate and M&A
Commercial, corporate and M&A - ranked: tier 1

Elias Neocleous & Co LLC

Elias Neocleous & Co LLC advised a Cyprus-based group of companies with assets in the CIS on a potential eurobond private offering of notes in Switzerland. Bloomberg is another key client. Elias Neocleous and Demetris Roti are key members of the ‘resourceful and knowledgeable’ team.

Leading individuals

Elias Neocleous - Elias Neocleous & Co LLC

Next generation lawyers

Demetris Roti - Elias Neocleous & Co LLC

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Dispute resolution
Dispute resolution - ranked: tier 2

Elias Neocleous & Co LLC

Chrysanthos Christoforou heads the department at Elias Neocleous & Co LLC. The team successfully brought a claim to the European Commission against the Republic of Cyprus; the claim was brought on behalf of two individuals and concerned an unlawful refusal to recognise academic qualifications obtained from a Greek university. Elias Neocleous and Costas Stamatiou are noted.

Leading individuals

Costas Stamatiou - Elias Neocleous & Co LLC

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EU and competition
EU and competition - ranked: tier 2

Elias Neocleous & Co LLC

Elias Neocleous & Co LLC has a diverse and active practice. Highlights included advising Galileo Global Education on the competition aspects of the acquisition of various higher educational institutions in Italy and Cyprus. Maria Kyriacou heads the large team that includes Ramona Livera and Elena Christodoulou.

Next generation lawyers

Elena Christodoulou - Elias Neocleous & Co LLC

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Employment
Employment - ranked: tier 1

Elias Neocleous & Co LLC

Elias Neocleous & Co LLC is skilled at advising senior employees as well as major multinationals such as Mercedes-Benz and Diageo. It also advises the British High Commission on all employment issues. The group has particular expertise in devising remuneration and incentive packages for senior employees. Nicholas Ktenas has considerable experience in this space.

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Intellectual property
Intellectual property - ranked: tier 1

Elias Neocleous & Co LLC

Elias Neocleous & Co LLC has an active team that advises leading software companies. It also advises international pharmaceutical companies on regulatory matters. Nicholas Ktenas heads the group.

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Maritime and admiralty
Maritime and admiralty - ranked: tier 1

Elias Neocleous & Co LLC

Elias Neocleous & Co LLC advises clients such as Aegeon Insurance, Limassol Marina and Nordea Bank. The team handles a large amount of debt recovery work for carriers and is adept at advising on ship and superyacht purchases as well as handling proceedings before the admiralty jurisdiction of the Supreme Court of Cyprus. Head of team Costas Stamatiou has 'an excellent understanding of the local requirements on international transactions’.

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Real estate and construction
Real estate and construction - ranked: tier 1

Elias Neocleous & Co LLC

Elias Neocleous & Co LLC acts for clients including Galaxia Property Specialists and Stylianou Bros in ongoing litigation and on various conveyancing matters. The ‘active’ team also frequently handles complicated real estate matters for overseas clients. Elias Neocleous and Christos Vezouvios are the primary contacts.

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Tax
Tax - ranked: tier 1

Elias Neocleous & Co LLC

Elias Neocleous & Co LLC has a dedicated team of tax lawyers, chartered accountants and other tax specialists that regularly work on complex cross-border projects and investments. It is also skilled at advising on domestic tax work and in tax litigation. Clients include Avanti Communications Group, Kellogg’s and Limassol Marina. Elias Neocleous is a key name.

Leading individuals

Elias Neocleous - Elias Neocleous & Co LLC

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Further information on Elias Neocleous & Co LLC

Please choose from this list to view details of what we say about Elias Neocleous & Co LLC in other jurisdictions.

Cyprus

Offices in Limassol

Legal Developments by:
Elias Neocleous & Co LLC

  • Elias Neocleous & Co LLC advised the Zarenkov family in disposal of a 25% stake in Etalon Group PLC

    Elias Neocleous & Co’s Financial Services team assisted the Zarenkov family on Cyprus corporate and financial services law matters in their February 2019 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 Global Depositary Receipts (GDRs) traded on the Main Market of the London Stock Exchange since 2011. The relevant public announcements on this transaction are available in the website of the London Stock Exchange and of Etalon Group Plc .
    - Elias Neocleous & Co LLC

Legal Developments in Cyprus

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

    In light of EU Anti-Tax Avoidance Directive (ATAD), the Cyprus House of Representatives on April 5, 2019 voted into law (applicable from January 1, 2019) the partial implementation of legally-anti-abusive measures. These measures include the ‘interest limitation’ rule, the ‘general anti-abuse’ rule, and the ‘controlled foreign companies’ rule. The rest two measures stipulated by the EU ATAD (exit taxes and rules to tackle hybrid mismatches) are expected to be implemented in Cyprus by 2020.
  • Pre-1995 Leases in Malta

    Recently, the Maltese courts may have possibly brought about the beginning of the end of a legal and social question concerning landowners who were, and still are, subjected to pre-1995 rent laws. The judgement given in  Anthony Debono et v. Avukat Generali et. , may prove to be a milestone in Maltese rent laws.
  • IS SILENCE GOLDEN? The added value of emergency media response plans

    In the words of  WARREN BUFFET:
  • Why Cyprus for Maritime?

    Recognizing the political, economic and social importance of shipping, as from 1963, Cyprus managed to develop the country into a fully-fledged shipping centre combining both a sovereign flag and a resident shipping industry, which is renowned for its high-quality services and standards of safety.
  • Changes to UK capital gains tax

    Since April 2019, the new rules regarding capital gains tax have been implemented in UK. The intention of the implementation of new rules is to remove the advantage of non- UK residents who did not pay tax over the gains from the disposal of all their property in UK.
  • Increase of Property Rents in Cyprus: Permissible and Non-Permissible Limits

    It has been many times that my clients have expressed the question as to when and how the rental amounts increase.  This question is voiced by both Landlords and Tenants of real estate.
  • Shipping at the spotlight of terrorism

    Is terrorism the new norm for shipping?
  • Adidas three stripe Trademark Revocation

    In a judgment of the General Court of the European Union of the 19th June 2019, Adidas saw their hopes of extending their three stripes trademark dashed, as the court ruled that there was no distinctiveness in the three stripes trademark. Furthermore, the court held that the Adidas had failed to prove that the mark had acquired distinctive character through use throughout the member states of the EU.
  • David against Goliath – Libra vs Central Banks: Who will win?

    Working in the crypto and DLT space is like being on an emotional rollercoaster with feelings which range from curiosity, excitement, euphoria, revelation, shock, disappointment, hope, wonder and determination – did I miss any?
  • UK Telecoms company fined £100K over unsolicited marketing messages

    The Information Commissioner’s Office (‘ICO’) which is the UK’s data protection supervisory authority, recently issued a fine of £100,000 to EE Limited, a telecoms company operating in the UK. The fine was issued in response to EE Limited having sent two and a half million unsolicited direct marketing messages to its customers, back in early 2018. The direct marketing messages were sent without EE Limited having first obtained the required consent to send them to its clients.