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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:
https://www.neo.law

Cyprus

Banking and finance
Banking and finance - ranked: tier 1

Elias Neocleous & Co LLC

Andreas Christofides and Elias Neocleous at Elias Neocleous & Co LLC are ‘excellent’ and Costas Stamatiou is ‘very commercial’. The group routinely advises local and foreign banks on complex transactions and frequently receives referrals from international law firms. It advised VTB Bank on the Cypriot law aspects of a credit facility to Russian electric utility company SUEK.

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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’s ‘strong team’ frequently works on cross-border deals with major international law firms. It advised Bank of China as inter-creditor agent for a syndicate of banks on the migration of LUKOIL Overseas West Project from the BVI to Cyprus. The ‘outstanding’ Elias Neocleous ‘performs at a top international level’; Philippos Aristotelous is a ‘safe pair of hands on complicated deals’; Demetris Roti ‘constantly meets tight deadlines’ and Katia Papadopoulou is ‘very helpful’.

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

Elias Neocleous & Co LLC is defending C Limited and six of seven co-defendants in a multijurisdictional corporate dispute. Elias Neocleous ‘works tirelessly for his clients’.

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

Maria Kyriacou heads a large team at Elias Neocleous & Co LLC that also includes the ‘pragmatic’ Ramona Livera and Evyenia Epaminondou. The group provided merger control advice on the jurisdictional threshold for a proposed acquisition.

Next generation lawyers

Elena Christodoulou - Elias Neocleous & Co LLC

Evyenia Epaminondou - Elias Neocleous & Co LLC

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Employment
Employment - ranked: tier 1

Elias Neocleous & Co LLC

Elias Neocleous & Co LLC’s team ‘pays close attention to detail’ and regularly advises multinationals as well as the British High Commission in Cyprus. The group is adept at devising remuneration and incentive packages for senior employers, advising on legal compliance issues and assisting both employers and employees with various contentious employment matters. Nicholas Ktenas ‘remains calm under pressure’.

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Intellectual property
Intellectual property - ranked: tier 1

Elias Neocleous & Co LLC

Elias Neocleous & Co LLCprofessional and proactive’ team routinely advises clients such as Facebook and Twitter on IP matters as well as 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’s ‘great team’ provides a full range of services to shipping and ship management companies and their insurers and handles a large amount of debt recovery work for carriers. The team also advises on ship and superyacht purchases and in proceedings before the admiralty jurisdiction of the Supreme Court of Cyprus. Practice head Costas Stamatiou and senior associate Vassilis Psyrras are ‘extremely professional’.

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

Elias Neocleous & Co LLC

Elias Neocleous & Co LLC frequently handles complex real estate matters for overseas clients; notably, the team continues to advise KIP Consulting on all aspects of its €20m development of a landmark retail, commercial and residential development in central Limassol. Elias Neocleous and Christos Vezouvios are key contacts.

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Tax
Tax - ranked: tier 1

Elias Neocleous & Co LLC

Considered as ‘one of the foremost law firms in Cyprus for tax’, Elias Neocleous & Co LLC’s dedicated department has ‘excellent’ tax lawyers, chartered accountants and other tax specialists and is ‘clearly able to deal with complex projects’; it packs a particular punch in advising on tax matters related to large cross-border investments. Clients include 3i and Kellogg’s. Philippos Aristotelous is ‘vastly experienced’ and Elias Neocleous is ‘very knowledgeable’.

Leading individuals

Elias Neocleous - Elias Neocleous & Co LLC

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Further information on Elias Neocleous & Co LLC

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Cyprus

Offices in Limassol

Legal Developments by:
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
  • Initial Coin Offering (ICO) through Cyprus The Tax & VAT aspect

    ICOs have recently exploded and become an increasingly popular method of fundraising for start - ups and other companies with the intention to fund innovative projects based on the Blockchain technology.
  • New Cyprus law on data system security

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  • New “federal” EU Tax rules on the table

    In 2011, in response to public concerns over large multinational companies exploiting differences in national tax rules, the European Commission published a proposal for a Common Consolidated Corporate Tax Base (CCCTB) to unify tax rules throughout the EU. Individual countries would still be free to set their own tax rates, but anomalies between countries in terms of deductibility of expenses and recognition of income would be eliminated. The initial proposal met with considerable political resistance, particularly from the United Kingdom, and was not pursued. In October 2016, perhaps in anticipation of less resistance once Brexit was completed, the Commission issued a revised proposal to replace the earlier one. It aims to introduce a set of common rules for determining the tax base of companies with operations in several EU Member States and tax them in the country where their revenues are generated, and remove the anomaly of large companies paying what the public perceives as disproportionately low amounts of tax in countries where they have significant activities.
  • Initial Coin Offering (ICO) Through Cyprus

    Initial Coin Offering, known as “ICO”, is a relatively new phenomenon in the crowdfunding industry being the main subject of discussion in the Blockchain and financial communities.
  • The new Prospectus Regulation EU

    On 30th June 2017, the European Parliament and the European Council published in the Official Journal of the European Union the Regulation (EU) 2017/1129 on the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market (the “New Prospectus Regulation”).
  • Relocation and Retirement in Cyprus - The Tax Aspect

    Since 2004, Cyprus is a full Member State of the European Union. This fact, along with its good strategic location, highly skilled human capital, excellent infrastructure, reliable communications, relatively low cost of living, sound and stable legal system, warm climate and hospitality of its people, are some of the advantages which contribute to Cyprus’ continuous development as a competitive international financial, tourist, retirement and relocation centre.
  • The new EU regulation on general data protection 2016/679 (“GDPR”)

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  • Notional Interest deduction 11/17

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  • Cyprus: Changes To The Inheritance Process Under European Succession Regulation 650/2012

    The growing importance of cross border successions within the European Union and the difficulties and complications resulting from the diversity of succession and private international law rules relating to succession, prompted the European Commission to examine the possibility of introducing a Regulation that would facilitate and streamline cross border successions.
  • A fight against corruption by the proposed introduction of Criminal Record Certificates for Companie

    Due to existing problems with regards to companies competing for the undertaking of public projects, on the 28 th  September 2015 the Cabinet decided to give an end to the scandals involving the squander of millions of public money by approving an amendment Bill, which would add to the conditions for public tenders, the requirement of providing a Criminal Record Certificate for legal entities. Until today, this was not required due to gaps and loopholes in the existing Law. Provided this Bill will be passed into Law by its publication at the Official Gazette of Cyprus, companies applying for public tender will be asked to produce a certificate that would show they have a clean criminal record.