An evolving investment landscape: the incoming Foreign Direct Investments screening framework of the EU applied in Cyprus
Background It is an undeniable fact that Foreign Direct Investments (the ‘FDI’) are a key contributor to the Union’s growth as they enhance its competitiveness, create jobs and economies of scale, bring in capital, technologies, innovation, expertise, and open up new markets for the Union’s exports. While maintaining an open investment environment, the EU has …
The Future of Banking Compliance Lawyers: Embracing Innovation and AI to Better Serve Banks and Customers in Cyprus and Beyond.
What does it mean to run a business in a financial world that never stands still? The world of banking and finance is undergoing rapid transformation. From the rise of digital platforms and alternative payment systems to the expanding scope of regulatory oversight, today’s financial environment is more complex and fast-paced than ever. At the …
Digital products and services for all? The scope, first days, and big questions around the European Accessibility Act
The European Accessibility Act (EAA) (Directive (EU) 2019/882) made headlines recently for entering into practical application on the 28th June 2025, and thereby setting common accessibility requirements across the European Union for selected digital products and services. While the EEA has been in the works for a while now, what is of more interest is …
Injunctive relief and the Audi Alteram Partem principle
The Latin maxim audi alteram partem, meaning “listen to the other side,” is a fundamental principle of natural justice. It safeguards access to justice and ensures a fair hearing for all parties—not only those formally joined in legal proceedings but also third parties whose rights may be affected.
Cyprus Proposes Tougher Tax Enforcement: New Deterrence Tools Targeting Tax Wrongdoers
Introduction As part of a broader tax reform framework currently under public consultation, the Cyprus government has introduced a series of draft tax bills aimed, inter alia, at strengthening enforcement mechanisms for the collection of taxes and addressing repeated non-compliance.
Updated Cyprus Tax Overview: Emphasis on Substance, Anti-Avoidance, and Withholding Tax Measures
Introduction Cyprus has steadily strengthened its tax framework in line with evolving international standards on transparency, substance, and anti-avoidance. Through a series of legislative and policy reforms, the country has signaled its clear commitment to responsible tax practices and global cooperation. An integral part of this evolution is the introduction and recent expansion of withholding …
Groundbreaking Labour Disputes Court Ruling in Cyprus on Pension Rights of Employees on Indefinite Contracts
In a groundbreaking decision issued by the Cyprus Labour Disputes Court on 27/3/2025, application 260/2018, it was recognized for the first time that employees on indefinite contracts fall within the scope of European Directive 1999/70/EC and can invoke unfair discrimination concerning their pension benefits.
Latest CRS Developments for Trusts in Cyprus
Cyprus is showing its commitment to global tax transparency with the implementation of the Common Reporting Standard (CRS).
From Open Banking to Open Finance: The Framework for Financial Data Access (FiDA)
Xenia Kalogirou of Elias Neocleous & Co discusses the rise of the concept of Open Finance as incorporated in the Framework for Financial Data Access
The EU’s Comprehensive Anti-Money Laundering Framework: An In-Depth Analysis
Curious about how we can protect our financial system from illicit activities? The European Union has stepped up to the challenge with a robust and comprehensive anti-money laundering (AML) framework.