legal500 summit — legal500 summit — Elias Neocleous & Co LLC sponsored the Legal500 GC Summit 2026 in Cyprus, marking their eighth consecutive year of support for this prestigious event. The summit is renowned for fostering dialogue between in-house counsel and leading law firms, facilitating collaboration and meaningful discussions on emerging legal and regulatory developments.
Held at the Landmark Nicosia Hotel, the conference attracted around 100 prominent lawyers and in-house counsel from high-calibre companies across Cyprus. This year’s agenda included important discussions on the recent incorporation of EU Regulation 2019/452 into Cyprus law, which will be implemented through The Law on the Establishment of a Framework for the Control of Foreign Direct Investments (FDI) of 2025, set to take effect on 2 April 2026.
The panel discussion, led by Elias Neocleous & Co LLC, delved into the implications of the new FDI screening mechanism. It featured a distinguished lineup of speakers:
- Mrs. Andrea Kallis, Partner at Elias Neocleous & Co LLC
- Mr. Alexey Drobyshev, Deputy Chief Legal Officer at Sumsub
- Mrs. Rafaella Charalampous, Senior Legal Counsel at Pepperstone EU Limited
- Mr. Emilios Charalambous, Associate Lawyer at Elias Neocleous & Co LLC
Opening the session, Mrs. Andrea Kallis emphasised the relevance of the new law, while Mr. Emilios Charalambous provided a comprehensive overview of its background, scope, and potential impact, setting the stage for an informed discussion.
Mrs. Rafaella Charalampous contributed her insights from corporate structuring, evaluating whether the new provisions might deter or attract foreign investment. The panel examined the possibility of funds being rerouted to jurisdictions with less stringent screening, reflecting on the broader implications for foreign capital.
Mr. Alexey Drobyshev shared his perspective on how foreign investors might perceive the new law, assessing if such regulations enhance the EU’s attractiveness as an investment destination.
Concluding the session, Mr. Emilios Charalambous offered useful guidance for lawyers and General Counsels on supporting their clients within the new regulatory framework. Mrs. Andrea Kallis also presented key questions posed to the Ministry of Finance regarding the FDI law, along with the ministry’s responses, clarifying the regulator’s intentions moving forward.
The panel’s discussions underscored the evolving landscape of Foreign Direct Investment (FDI) in Cyprus, showcasing Elias Neocleous & Co LLC’s commitment to enriching the legal community and contributing to a sustainable services industry.
For further details, interested parties can reach out to Mrs. Andrea Kallis Parparinou at [email protected] or Mr. Emilios Charalambous at [email protected].
