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 …