Skip to main content

Cyprus law firm co-sponsored the Legal500 GC Powerlist for Greece and Cyprus

Elias Neocleous & Co LLC, the largest law firm in Cyprus, became the co-sponsor of the Legal500 GC Powerlist for Greece and Cyprus - the international initiative, which is growing year by year, and events are hosted annually to launch the new publication. For Greece and Cyprus, the reception for the 2019 publication for the best legal teams was held on May 16 in Athens, and was attended by 160 legal counsel nominees and guests, including the leading legal teams from Greece and Cyprus, who work in all industry sectors including banks and financial institutions, transport and infrastructure, energy and utilities corporations, information and technology, healthcare and pharmaceutical, consumer products, hotels, restaurants, food, beverage, entertainment, industrial and real estate, materials and mining and telecommunication services.

The Cyprus firm congratulated all legal teams that comprised this year’s list, and said: “We are very glad to have contributed to this initiative and we sincerely hope that its success will continue to grow along with the community it has created.”

Comments

Popular posts from this blog

The Cyprus Export Services Award received by Leptos Estates

The Cyprus-based property development company Leptos Estates  announced that it has received the Cyprus Export Services Award from the President of the Republic of Cyprus, Mr. Nicos Anastasiades. During a special event which was held on 12 November 2020 the company was recognised for its outstanding performance and efforts towards opening of new markets and for its contribution to the economy of Cyprus. Previously the company received this award in 2012 and 2016, respectively. The Award itself was established in 1982, has become very prestigious and is given to companies that have encouraged foreign direct investment and have excelled in both service and performance. This time, the Leptos Group has been awarded for its outward-looking strategy, adding value and creating potential for investment.

Cyprus-based banking group acts as Joint Venture Coordinator for Lamda Development’s SCI

Privately-owned investment banking company AXIA Ventures Group based in Cyprus was engaged by Greek holding Lamda Development S.A. to act as Joint Global Coordinator for the successful completion of €650 million share capital increase through the exercise of pre-emption and over-subscription rights by Lamda’s existing shareholders. Group Managing Director of AXIA Ventures Group Mr. George Linatsas stated in his comments: “We are honored that Lamda Development has trusted us to have a leading role in such a landmark transaction not only for the Company but also for Greece. The successful completion of this share capital increase enables the Company to essentially kick-start the Hellinikon Project, one of the largest urban development projects in Europe, which will have an unparalleled socioeconomic impact on our country. This share capital increase signals the beginning of a new era for Greece and we as AXIA are proud that we assisted Lamda Development in completing this milestone ...

New Cyprus companies face delays in opening bank account in the jurisdiction

According to businessmen and professional service firms in Cyprus, new companies are waiting long queues to open bank accounts in the jurisdiction. Some of them are should wait for 3-4 months and even longer. According to some financial sources, it is not only banks which are to blame for this, but also insufficient Cyprus Central Bank guidance in terms of evaluation of potential account holders, and the vastly increased amount of compliance regulations. Bankers say that there is enormous and growing complexity of regulations, especially for companies with branches in several countries. By words of Chris Boreham, group head of Business Development at the Nicosia-based Highworth, “there is a definite need for improvement, as clients are giving up and going elsewhere because they can’t arrange their finances here.” There is a significant danger to the Cyprus economy, as Cyprus is being judged for its ability to provide good corporate governance. Professional associations in the jurisdict...