This article explores the European Union’s recent decision to delay the implementation of the Corporate Sustainability Reporting Directive (CSRD) in an effort to simplify the sustainability reporting process for companies. The CSRD aims to standardize Environmental, Social, and Governance (ESG) disclosures across large companies within the EU, with the goal of enhancing transparency, accountability, and comparability in line with the EU’s 2050 climate-neutral objectives. However, the scope and complexity of the reporting requirements have raised concerns about administrative burden and relevance. The EU Commission has proposed significant amendments to reduce the reporting scope and simplify compliance, including a reduced company threshold and a two-year reporting delay. While these reforms aim to ease the regulatory burden, they may also reduce the level of transparency and accountability that investors and consumers rely on, raising concerns about the balance between fostering innovation and maintaining sustainability goals.

We just concluded the Swiss & Cypriot Arbitration Event, part of Cyprus Arbitration Days 2025, and what an insightful panel it was!

Patrikios Legal was proud to co-organise as a Gold Sponsor at Cyprus Arbitration Days 2025, a leading international arbitration event hosted in Limassol. The event brought together distinguished legal professionals, arbitrators, and thought leaders from around the globe to engage in meaningful dialogue on the future of arbitration.

It’s a wrap-up! What an incredible week in China with Sino International Professional Advisory Council (SIPAC).

We're excited to share that George Z. Georgiou has been admitted as a Fellow of the Chartered Institute of Arbitrators (CIArb).

The Tax Department of the Republic of Cyprus has announced that the submission of the Personal Income Tax Return (TD1) form for the tax year 2024 has commenced.

Elias Neocleous & Co LLC is proud to announce that it has been shortlisted in two prestigious categories at the European Legal Innovation & Tech Awards 2025, to be held on 28 May in Milan, Italy, for its proprietary legal technology platform, Neolaw.ai.

We are proud to announce that Elena Andreou, an Associate at Elias Neocleous & Co LLC, has been recognised as a Mondaq Thought Leading Author for Data Protection in Cyprus in the Spring 2025 awards.

Our team is attending the London International Disputes Week 2025 in June.

We’re proud to share that our colleague Stella Strati Partner – Head of Corporate and Private Client, will be attending the 9th Global Entrepreneurship Conference, taking place from 18–20 May 2025 at the Leonardo da Vinci National Museum of Science and Technology in Milan, Italy.