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The credit facility was substantially oversubscribed by a group of 13 leading international banks.

Croatia became the twenty-eighth Member State of the European Union on 1 July 2013.

The study covered twelve countries, five of which are in the Caribbean region, four in Europe, two in the Asia-Pacific region and one in the Indian Ocean.

The Cyprus Tax Department announced that the double tax agreement with Bahrain, which was signed on 9 March 2015, entered into force on 28 April 2016 following completion of ratification procedures in both countries.

The Cyprus Department of Merchant Shipping has announced the arrangements for the implementation of Directive 2013/53 / EC on recreational craft and personal watercraft, which replaced Directive 94/25/EC as amended with effect from January 18, 2016.

In late 2014 and early 2015 we acted as lead counsel co-ordinating all aspects of the successful €800 million hostile mandatory public takeover offer by Joma Industrial Source Corp (Joma) of CAT Oil AG, an Austria-based holding company which is listed on the Frankfurt Stock Exchange (O2C).

In the spring of 2015 we advised L Capital Asia Advisors, part of Groupe Arnault, which controls the LVMH and Christian Dior luxury goods business and other high-end fashion businesses...

The new double taxation agreement between Cyprus and Iceland, which was signed on 13 November 2014, entered into force on 22 December 2014.

The VAT Regulations have been amended to make online submission of VAT returns through the Taxisnet system compulsory with effect from 2 May 2017.

The Cyprus Tax Department has issued an announcement informing taxpayers who have applied to participate in the scheme for settlement of overdue tax liabilities by instalments that failure to comply ...

The terminal, which began operations in November 2014, is strategically located, connecting Europe and the Black Sea with markets in the Middle East and Asia.

In the summer of 2014 we advised Strabag SE, one of Europe's largest construction groups, on the acquisition of the one-third of the share capital it did not already own in Societatea Companiilor Hoteliere Grand SRL...

The Eurogroup of Eurozone finance ministers has approved the release of the fourth tranche of financial aid to Cyprus by international creditors.

As a firm it is our policy to support the local communities in which we operate. In line with this commitment, Elias Neocleous is a member of the Friends of the Cyprus University of Technology, Cyprus's newest university, located in the city centre of Limassol.

The laws amending the Law Regulating Companies Providing Administrative Services and Related Matters of 2012 and the International Trusts Law of 1992 to 2012 in order to create a register of trusts established in Cyprus were published in the official gazette on 9 September and entered into force on that date.

Please check our latest publication by Elias Neocleous and Maria Kyriacou.