ARTICLE
19 February 2021

The European Green Deal: Challenges And Opportunities

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Elias Neocleous & Co LLC

Contributor

Elias Neocleous & Co LLC is the largest law firm in Cyprus and a leading firm in the South-East Mediterranean region, with a network of offices across Cyprus (Limassol, Nicosia, Paphos), Belgium (Brussels), Czech Republic (Prague), Romania (Budapest) and Ukraine (Kiev). A dynamic team of lawyers and legal experts deliver strategic legal solutions to clients operating in key industries across Europe, Asia, the Middle East, India, USA, South America, and China. The firm is renowned for its expertise and jurisdictional knowledge across a broad spectrum of practice areas, spanning all major transactional and market disciplines, while also managing the largest and most challenging cross-border assignments. It is a premier practice of choice for leading Cypriot banks and financial institutions, preeminent foreign commercial and development banks, multinational corporations, global technology firms, international law firms, private equity funds, credit agencies, and asset managers.
On the 1st of February 2021, the Brussels office of Elias Neocleous & Co LLC presented a webinar, accredited by the Cyprus Bar Association, on ‘The European Green Deal' .
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On the 1st of February 2021, the Brussels office of Elias Neocleous & Co LLC presented a webinar, accredited by the Cyprus Bar Association, on 'The European Green Deal' .  

Opening the webinar, Mr. Ierotheos Papadopoulos, Head of the European Commission Representation Office in Cyprus, gave a speech, during which, he presented the European Union's ambitious roadmap towards a climate-neutral circular economy where economic growth is decoupled from resource use. Mr. Papadopoulos advocated that, by turning climate and environmental challenges into opportunities, this new growth strategy will transform the Union into a modern, resource – efficient and competitive economy.

Main Speaker of the webinar, Nikolaos Korogiannakis, head of Brussels office, then provided a detailed presentation on the changes that have already taken place, with a special focus on their implications for the Cypriot and Greek economies. Mr. Korogiannakis also outlined additional legislative changes foreseen by the European Commission. He placed special emphasis on the role that lawyers and other service professionals must assume in alerting and guiding clients whose businesses are affected by the new policies.   To be effective in doing this, he also stated that it is important that they should be familiar with the various opportunities and financing schemes which are being made available by the European Union to ease the transition to a greener future.

The 104 Cypriot lawyers following the webinar were clearly highly engaged by the topic, as evidenced by the lively question and answer session which followed the main presentations

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