The Shipping Deputy Ministry of the Republic of Cyprus has launched a tender process for the establishment of a passenger maritime link between Cyprus and Greece (Service of General Economic Interest).

The 1% minimum shareholding threshold which was previously required in order to qualify for the participation exemption has been abolished and dividends received are exempt from Cyprus tax irrespective of the size of the shareholding.

An amendment to the double taxation avoidance agreement between Austria and Cyprus was signed on behalf of the two countries on 21 May.

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.

Cyprus has enacted its first foreign direct investment screening regime, establishing mandatory notification and approval requirements for certain foreign investments that may impact national security or public order. The new law introduces a comprehensive framework covering sensitive sectors and sets out clear timelines, conditions, and penalties for compliance.

Not everything is entirely bleak in Cyprus's justice system. While public trust in the judiciary has declined in recent years, three recent developments highlight both the problems and potential for reform.

Vassilis Psyrras of Elias Neocleous & Co LLC examines how ESG requirements, EU regulatory frameworks, and digitalisation are fundamentally transforming the global shipping industry.

A recent Phileleftheros article authored by Stefanos Sofroniou, Senior Associate at Elias Neocleous, explores the imminent agreement at EU level of the first ever legal framework...