Legacy archive of Andreas Neocleous & Co LLC
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News from the archive of Andreas Neocleous & Co LLC.
After lengthy negotiations, Cyprus and Germany have signed a new Agreement on the Avoidance of Double Taxation, which, when ratified, will replace the existing agreement of 1974 ("the 1974 agreement"). Most of the changes brought about by…
Read moreCyprus has enacted a new law regulating personal loans and limiting the maximum rate of interest which may be charged on them. The interest rate ceiling is calculated using a formula based on half the average bank lending rate of the…
Read moreThe European Commission called Cyprus to comply with EU rules which grant to nationals from the European Union as well as from Iceland, Norway and Liechtenstein, the right to purchase property in the Republic of Cyprus. Cyprus is still…
Read moreRussia's Tax Code includes thin capitalisation rules which limit or disallow the deduction of interest paid by a Russian company which fails to meet the prescribed debt-to-equity ratio. In relevant cases Russian companies have resisted…
Read moreSince 1992 the European Union has operated three programmes of product designations in order to promote and protect the names of quality agricultural products and foodstuffs. They fall into two categories: those linked to a territory and…
Read more"The Lawyer", the leading weekly British magazine for commercial lawyers and corporate directors, has published its second annual review of the top law firms in Europe. "The European 100 - The Continental Elite" examines the trends…
Read moreOn 8 December 2010 the Moscow State Commercial Court issued a decision in a case involving an analysis of whether the collection of information by Bloomberg LP's representative office in Moscow resulted in the creation of a permanent…
Read moreThe Cyprus Department of Merchant Shipping has issued an updated list of countries whose certificates of competency are accepted for the issue of endorsement attesting the recognition of non Cyprus certificates of competency under the…
Read moreSection 15 of the Merchant Shipping (Fees and Taxing Provisions) Law of 2010 (the Tonnage Tax Law) allows owners of mixed fleets, comprising Community-flagged ships and non-Community-flagged ships to benefit from inclusion in the tonnage…
Read moreThe Cyprus Department of Merchant Shipping has issued Circular 11/2011 regarding the introduction of tonnage tax under the provisions of the Merchant Shipping (Fees and Taxing Provisions) Law of 2010 (the Tonnage Tax Law). Early action is…
Read moreThe Central Bank of Cyprus has announced that it is drafting regulations to create a financial stability fund, which should be in place within six months. The creation of the fund is included in a draft law awaiting legislative approval…
Read moreCostas Stamatiou, a partner in our dispute resolution department, was a guest speaker in a seminar held in Astana, Kazakhstan, on dispute resolution involving Kazakh parties outside Kazakhstan. The seminar was organised in conjunction with…
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