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).
The revamped EU ELTIF fund structure opens new opportunities for fund managers and investors
The recently redesigned European Long-Term Investment Funds framework (“ELTIF 2.0”), fully applicable since January 2024,
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
FATF Guidance on Beneficial Ownership of Trusts and other similar legal arrangements: Essential reading for legal, financial, and compliance professionals
In March 2024, the The Financial Action Task Force (FATF) released risk-based guidance to support the implementation of Recommendation 25 on Beneficial Ownership and Transparency of Legal Arrangements.
Corporate Sustainability Due Diligence Directive (CSDDD): A New Era
An Overview In this era of globalisation, where corporate sustainability is a common concern, the European Council approved the Corporate Sustainability Due Diligence Directive (CSDDD).
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.
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, …
New Cyprus law on data system security
New Cyprus law on data system security The Security of Networks and Information Systems Law, Number 17(I) of 2018, implements articles 8 and 9 of EU Directive 2016/1148 on measures to achieve a high common level of security of network and information systems throughout the EU. It designates the Commissioner for Electronic Communications and Postal …
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 …