Italian energy company Eni on Thursday described the two agreements signed by Cyprus and Egypt earlier this year concerning the exploitation of natural gas resources under the seabed in the eastern Mediterranean as “historic”.

We are proud to announce that Motaher Chowdhury, Senior Legal Counsel / Head of the India Desk, has been recognised by India Business Law Journal as one of the leading international lawyers for India-related matters, earning a place on the prestigious “International A-List 2025”.

In the recent English Appellate decision in SERVIS TERMINAL LLC -V- DRELLE (2025) EWCA CIV 62, it has been held that a foreign judgment which has not been recognized and enforced in England, cannot be used, as a basis for the filing of any bankruptcy petition – (including a winding up petition) – on the ground that the sum awarded as per the foreign judgment, is liquidated, undisputed and payable.  

The recent Chambers & Partners Global 2024 saw Soteris Pittas & Co LLC, once again, securing Band 1 ranking in the international legal directory Chambers & Partners, in the practice area of General Business Law: Dispute Resolution.  

Elias Neocleous & Co LLC has once again solidified its position as the leading law firm in Cyprus, earning Tier 1 recognition across all practice areas in the Legal 500 Europe, Middle East & Africa (EMEA) 2025 guide. The firm is proud to be the only law firm in the country that continues to secure top-tier rankings in every category, a result that highlights the breadth of its expertise and its consistent delivery of legal services to the highest standard.

At Elias Neocleous & Co LLC, we are dedicated to recognising and advancing talent based on innovation, expertise, and leadership. We are very proud to announce the well-earned promotions of the following individuals to senior positions within our firm. Each of these professionals has demonstrated exceptional skill, acumen, mentorship, and guidance, making significant contributions to our firm’s success and growth.

Our firm is pleased to announce that for another year, our Managing Partner Mr. Soteris Pittas has been recognised as a Leading Partner in LEGAL 500 EMEA GUIDE 2025 in the Practice Area of Dispute Resolution.

Artificial Intelligence (AI) is transforming industries at an unprecedented pace. From automating repetitive tasks to enhancing decision-making, AI is reshaping the job market in ways that can be both exciting and challenging. Understanding these changes and preparing accordingly can help workers stay relevant and thrive in this evolving landscape. 

The Cyprus Property Developers Association has welcomed the implementation of a fast-track building permit process for medium-risk developments, praising the Interior Ministry’s efforts to speed up licensing procedures.

The House plenum on Thursday evening approved the 2025 budget for the Natural Gas Public Company (Defa) amid a lively debate over the delays in the advent of natural gas for electricity generation.