The Legal 500

Twitter Logo Youtube Circle Icon LinkedIn Icon
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 frequently advises local and overseas banks on complex transactions and also routinely receives referrals from major international law firms. It advised AIM-listed Globalworth Real Estate Investments and its Cypriot subsidiaries on an increase in syndicated credit facilities. It also acted for certain international financial institutions (led by Asian Development Bank and the European Bank for Reconstruction and Development) on the local law aspects of a $1bn project financing for stage two of the Shah Deniz gas development in Azerbaijan. Costas Stamatiou heads the team, which is ‘responsive’ and gives ‘concise advice’. Elias Neocleous, Panos Labropoulos and the ‘very quick’ Philippos Aristotelous also have excellent reputations.

[back to top]

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

Elias Neocleous & Co LLC

Elias Neocleous & Co LLC’s ‘totally accessible’ team primarily focuses on large cross-border transactions where it benefits from a solid referral relationship with major international law firms. Recent work includes advising on the Cypriot aspects of the €400m acquisition of Bwin.party Digital Entertainment plc by GVC Holdings plc. The ‘very experienced’ Elias Neocleous heads the department. Panos Labropoulos is also recommended, along with senior associate Demetris Roti, who ‘makes sure that the service the client receives is always excellent’. Marissa Christodouloidou is a ‘a very responsive associate’.

Leading individuals

Elias Neocleous - Elias Neocleous & Co LLC

Next generation lawyers

Demetris Roti - Elias Neocleous & Co LLC

[back to top]

Dispute resolution
Dispute resolution - ranked: tier 1

Elias Neocleous & Co LLC

Elias Neocleous & Co LLC is ‘a great firm with excellent lawyers’. The ‘first-class’ practice handles all aspects of domestic and cross-border dispute resolution. It continues to act for Russia-based OJSC Promsvyazbank in several actions brought in the Cyprus courts by creditors of a Cyprus-registered company. Costas Stamatiou is ‘very attentive and efficient’ and Antonis Glykis is also recommended.

Leading individuals

Costas Stamatiou - Elias Neocleous & Co LLC

[back to top]

EU and competition
EU and competition - ranked: tier 1

Elias Neocleous & Co LLC

Maria Kyriacou heads the ‘very capable and responsive’ team at Elias Neocleous & Co LLC. The large and specialised department acted as local counsel to provide merger control advice regarding the acquisition of control of a company in the aviation sector. Advocate Evyenia Kelly Epaminondou is ‘very practical’ and advocate Elena Christodoulou ‘always stays on top of every detail’.

Next generation lawyers

Elena Christodoulou - Elias Neocleous & Co LLC

Evyenia Kelly Epaminondou - Elias Neocleous & Co LLC

[back to top]

Employment
Employment - ranked: tier 1

Elias Neocleous & Co LLC

Elias Neocleous & Co LLC’s ‘excellent team’ is adept at advising multinationals on the local implementation of employment policies and amendments, and also frequently acts as local counsel to international law firms. Clients include The British High Commission in Cyprus. The ‘first-class’ Nicholas Ktenas heads the ‘capable and responsive’ practice, which has particular expertise in devising remuneration and incentive packages for senior employees. Clients appreciate that ‘a member of the team is always on hand to help’.

[back to top]

Intellectual property
Intellectual property - ranked: tier 1

Elias Neocleous & Co LLC

Elias Neocleous & Co LLC advises clients such as Facebook, Nintendo and Twitter on all aspects of IP rights. Nicholas Ktenas heads the large team, which also advises international pharmaceuticals companies on regulatory matters.

[back to top]

Maritime and admiralty
Maritime and admiralty - ranked: tier 1

Elias Neocleous & Co LLC

Panayiotis Neocleous is head of Elias Neocleous & Co LLC’s broad-ranging shipping department, which regularly works with large international law firms and handles a significant amount of debt recovery work for carriers. Other areas of expertise include advising on ship and superyacht purchases and in proceedings before the admiralty jurisdiction of the Supreme Court of Cyprus. Costas Stamatiou and Maria Ioannou Anastasiou are well regarded.

Leading individuals

Panayiotis Neocleous - Elias Neocleous & Co LLC

[back to top]

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

Elias Neocleous & Co LLC

Elias Neocleous & Co LLC provides ‘an impeccable service and its response rate is second to none’. The team advises on a range of matters, including major commercial developments. Key clients include Russian Commercial Bank (Cyprus). Elias Neocleous ‘quickly identifies the key issues and potential pitfalls, comes up with practical solutions and then makes things happen’. The ‘meticulous’ Christos Vezouvios is another name to note.

[back to top]

Tax
Tax - ranked: tier 1

Elias Neocleous & Co LLC

Elias Neocleous & Co LLC’s dedicated department is staffed by ‘incredibly brilliant’ tax lawyers, chartered accountants and other tax specialists with a particular focus on international tax planning on large cross-border investments. Clients include 3i and Kellogg’s. ‘Consummate professional’ Elias Neocleous is ‘at the top of his game’ and the ‘attentive’ Philippos Aristotelous provides ‘high-quality advice’.

Leading individuals

Elias Neocleous - Elias Neocleous & Co LLC

[back to top]


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 in Cyprus

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • 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.
  • LIS ALIBI PENDENS UNDER THE COUNCIL REGULATION (EC) NO 44/2001 ON JURISDICTIONAND THE RECOGNITION AN

    Lis Alibi pendens is Latin for "suit pending elsewhere" . Both Articles 27 and 28 of the EU Regulation 44/2001 regulate the existence of lis alibi pendens and related judicial actions. In particular it is a doctrine that regulates the jurisdictional relationship of courts hearing concurrent proceedings involving the same or related causes of action between the same parties pending in the courts of different Member States.
  • The new features under the Recast Regulation 1215/2012

    The significance of the EU Regulation 44/2001 is well known as its rules determine both the jurisdiction of courts in the EU in civil and commercial disputes and the conditions for the recognition and the enforcement of their judgments in other EU member States.
  • ECJ CASE C-28/26 - RECOVERABILITY OF INPUT VAT OF A HOLDING COMPANY

    Case C-28/26 - Examines the right of a holding company to deduct input VAT on services acquired in the interest of its subsidiaries where those services are offered to its subsidiaries with no consideration.
  • European Commission proposes new VAT rules to support e-commerce and online businesses in the EU

    On 1 December 2016, the European Commission has published proposals to improve the Value Added Tax (VAT) environment for e-commerce businesses in the EU. Particularly, the proposed changes, aiming to allow start-ups and SMEs, to buy and sell goods and services more easily online.
  • Unjust Banking Practices in Swiss Franc Loan Agreements

    The Cypriot banking system is currently being confronted with the issue of providing foreign loans and in particular Swiss francs to both locals and foreigners to cover their housing requirements. Of principle concern in Cypriot and European Courts are the banking practices used in attracting clients to these financial institutions. It seems that misinformation through the use of various means of bank notifications and practices point towards the use of the distortion and the concealment of essential information to borrowers. The Cypriot banking system (that is sanctioned by European banking) in the provision of Swiss Francs did not in most cases provide a complete and proper briefing of the risks involved in these types of loan contracts that also incorporated exchange and interest rate fluctuations.
  • CYPRUS

  • CYPRUS: ARBITRATION – ANTI-SUIT INJUNCTION ISSUED BY ARBITRATORS

    The European Court of Justice (‘ECJ’) in the Gazprom Case (2015) held that anti-suit injunctions issued by arbitral tribunals in relation to the pursuit of Court proceedings within the EU, are not incompatible with the Brussels Regulation. The ECJ held that the BrusselsRegulation does not prevent a Court in an EU Member State from recognizing and enforcing an award containing such an anti-suit injunction, either pursuant to national law, or the New York Convention.
  • Cyprus: Worldwide freezing orders

    In the English case of Derby& Co v Weldon (No3 and 4) (1990) Ch 65, the Court of Appeal held unequivocally that a court can order a defendant’s assets to be frozen even if they are situated outside of the jurisdiction. However what is vital to be established in such circumstances is: