News

News 14 Jul 2015

Neocleous Trust Company is licensed by the Cyprus Securities and Exchange Commission under the Law Regulating Companies Providing Administrative Services and Related Matters of 2012

We are pleased to announce that our affiliated company A. Neocleous Trust Company Limited (“Neocleous Trust”) has been granted a licence to provide administrative services by the Cyprus Securities and Exchange Commission (“the…

News 13 Jul 2015

Entry into force of the Companies (Amendment) (No 4) Law of 2015

The Companies (Amendment) (No 4) Law of 2015, Law 89(I) of 2015, took effect on 19 June 2015. It introduces several changes to the Companies Law, the most important of which are as follows: · a company may be incorporated as a general…

News 7 Jul 2015

Expedited Corporate Debt Restructuring in the EU

Oxford University Press has announced the publication of “Expedited Corporate Debt Restructuring in the EU”. Edited by Rodrigo Olivares-Caminal, Reader in Banking and Finance Law, Queen Mary University of London, it is the first book to…

News 6 Jul 2015

Proposed tax changes

The Cyprus government has announced a number of proposed tax incentives aimed at encouraging economic activity and attracting inward direct investment. It has also submitted a number of draft laws to the House of Representatives to…

News 6 Jul 2015

Latest instalments of financial assistance released

On 3 July the European Stability Mechanism (ESM) and the International Monetary Fund (IMF) approved the disbursement of the latest tranches (€100 million and €280 million respectively) of financial assistance to Cyprus under the package…

News 30 Jun 2015

Shipping - Entry into force of new increased liability limits under the LLMC Convention

The Cyprus Department of Merchant Shipping has announced the entry into force of new increased liability limits under the Convention on Limitation of Liability for Maritime Claims of 1976 (“LLMC Convention”) and the International…

News 24 Jun 2015

CySEC circular on marketing of complex investment products

The Cyprus Securities and Exchange Commission (“CySEC”) has recently issued a circular to Cyprus Investment Firms (“CIFs”) that it regulates reminding them of their obligations regarding marketing of and trading in complex products such as…

News 23 Jun 2015

Shipping - Implementation of Regulation (EU) 1177/2010

The Cyprus Department of Merchant Shipping has recently issued a circular regarding the implementation of Regulation (EU) No 1177/2010 of the European Parliament and of the Council of 24 November 2010 concerning the rights of passengers…

News 8 Jun 2015

Amendments to the Cyprus Companies Law

The Law Amending the Companies Law CAP 113 Number 4, has been passed by the Cyprus parliament. It makes significant changes to the Companies Law and updates several of its provisions. The main changes are as follows: · a company may be…

News 3 Jun 2015

Licensing of insolvency practitioners

The Insolvency Practitioners Law, 64(I) of 2015 was published in the official gazette on 7 May 2015. Enacted as part of the agreement between the Cyprus government and international providers of financial support, it is aimed at providing…

News 2 Jun 2015

Awards success for Andreas Neocleous & Co LLC

Andreas Neocleous & Co LLC and lawyers from the firm achieved multiple successes in the recently-announced Global Law Experts Sixth Annual Global Law Experts Awards, taking more than 10 awards in total. Among the winners were Andreas…

News 20 May 2015

Andreas Neocleous & Co LLC shortlisted for the Cyprus Tax Firm of the Year award at International Tax Review’s European Tax Awards

Andreas Neocleous & Co LLC is one of the three firms shortlisted for the Cyprus Tax Firm of the Year award at International Tax Review’s European Tax Awards, and the only law firm in the shortlist. The European Tax Awards have taken place…