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Who Represents Who

Find out which law firms are representing which Banking and finance clients in Cyprus using The Legal 500's new comprehensive database of law firm/client relationships. Instantly search over 925,000 relationships, including over 83,000 Fortune 500, 46,000 FTSE350 and 13,000 DAX 30 relationships globally. Access is free for in-house lawyers, and by subscription for law firms. For more information, contact


Elias Neocleous & Co LLC frequently advises local and overseas banks on complex transactions and also routinely receives referrals from major international law firms. It advised AIM-listed Globalworth Real Estate Investments and its Cypriot subsidiaries on an increase in syndicated credit facilities. It also acted for certain international financial institutions (led by Asian Development Bank and the European Bank for Reconstruction and Development) on the local law aspects of a $1bn project financing for stage two of the Shah Deniz gas development in Azerbaijan. Costas Stamatiou heads the team, which is ‘responsive’ and gives ‘concise advice’. Elias Neocleous, Panos Labropoulos and the ‘very quick’ Philippos Aristotelous also have excellent reputations.

Antis Triantafyllides & Sons is ‘strong in the market’, notably with Stelios Triantafyllides having considerable experience of international secured financing transactions. Legal consultant James West and senior managing associate Marios Hadjigavriel are ‘always available to discuss issues’.


Stelios Americanos & Co

Stelios Americanos & Co is a full-service commercial law firm with its headquarters in Nicosia, specialising in corporate and commercial law, banking finance, litigation, tax and financial advisory.

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Patrikios Pavlou & Associates LLC

The banking and finance team at Patrikios Pavlou & Associates LLC is ranked in the top tier for Cyprus, duly acknowledged for delivering outstanding legal services to its clients. With a 52-year experience in the legal market and the international culture, the lawyers and legal consultants of the Firm successfully handle challenging cross-border corporate finance transactions and banking projects.

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Chrysses Demetriades & Co Law Office’s ‘solid’ team regularly acts for local and international clients on financial regulatory matters, syndicated lending transactions and ship finance. Demosthenes Mavrellis continues to advise clients on restructuring of loan portfolios backed by prime properties in the Limassol district. Christos Mavrellis, Chrysses Demetriades and Chris Georghiades are recommended.

George Y Yiangou LLC frequently acts in high-end financings and is advising Sberbank of Russia on a $340m credit facility to fund the construction of three Arctic shuttle tankers for Novy Port. The team also advised a large German bank on amendments to an existing facility agreement prompted by the borrower’s restructuring. Practice head Chris Yiangou and international projects manager Lory Cirstea are the key figures.

Harneys is adept at handling multi-jurisdictional matters and recently advised Songa Group on over $2bn of financing for its drilling rigs. The team also acted for Advent International to finance the acquisition of a large stake in a consumer products business. Other clients include Deutsche Bank. Pavlos Aristodemou is ‘excellent’ and Nancy Erotocritou is another name to note.

Dr K Chrysostomides & Co LLC is ‘fully up to speed on all aspects of cross-border finance’, as well as related litigation. The ‘very experienced’ team represents various banks, including Morgan Stanley and new client Israel Discount Bank. Pavlos Symeonides has ‘a commercial way of thinking’ and Elena Ioannides is ‘knowledgeable and responsive’. Chryso Pitsilli-Dekatris and Kypros Chrysostomides are also recommended.

Michael Kyprianou & Co. LLC’s team gives ‘well-balanced advice’ and has extensive experience of domestic and cross-border loan and security transactions, where it is regularly instructed by international law firms. The practice is Cypriot counsel to Silk Road, a Chinese state-owned investment fund. Lambros Soteriou and Tonia Antoniou are ‘very thorough and commercial’, and ‘knowledgeable’ associate Lorena Charalambous is also recommended.

Patrikios Pavlou & Associates LLC’s ‘reliable team always seeks to achieve the best outcome for its client’. It has been advising a major Russian bank on an amendment of a $7bn facility agreement and is also advising a global investment bank on various issues. ‘Very efficient’ practice head Stavros Pavlou is recommended along with Lia Iordanou Theodoulou and Stella Strati, who provides ‘prompt and comprehensive advice’.

Chryssafinis & Polyviou LLC represents various financial institutions in a range of financings and refinancings. Polyvios Polyviou and Stella Kammitsi are the key figures.

Ioannides Demetriou LLC is recommended for its work on syndicated financings and other complex banking mandates. Pambos Ioannides and Christina Ioannidou are the names to note.

Mouaimis & Mouaimis LLC’s ‘solution-driven’ team has been involved in a number of major bond issues and recently acted as Cyprus counsel on some key international, bilateral and syndicated financings. The team regularly works with leading international law firms and attracts mandates from international banks, as well as groups of investors. The ‘extremely thoroughPanayotis Mouaimis heads the practice.

The ‘really efficient’ team at AGP Law Firm | A.G. Paphitis & Co. LLC has vast experience of advising clients before the Cyprus Securities and Exchange Commission and routinely advises foreign banks on large credit facilities. George Paphitis is recommended along with Angelos Paphitis, who is ‘very detail-oriented and helpful’.

Athos Demetriou Associates LLC often receives referral work from international law firms, including Allen & Overy Poland, as well as mandates direct from clients such as Safecharge. The team has been advising a financial services company on a $38m debt refinancing. Athos Demetriou is the key contact.

Clerides, Anastassiou, Neophytou LLC’s ‘experienced’ team continues to attract work from its large corporate clients, international law firms and institutional investors. It has been advising Bluehouse Capital on the Cypriot aspects of financing the acquisition of an office complex in Poland. The ‘thoroughEffie Anastassiou heads the seven-strong practice.

Kinanis LLC Lawyers’ Limited Company recently assisted a group with obtaining a credit facility from The European Bank for Reconstruction and Development. Christos Kinanis is the key contact.

Stelios Americanos & Co LLC’s recent work includes advising Russian investment bank VTB Capital as lender of a $3.2bn financing. Stelios Americanos is well regarded.

Andreas Coucounis & Co LLC is skilled at advising its corporate clients on refinancing agreements with creditors overseas. Dimitria Coucouni Andreou is the name to note.

Christos Patsalides at Christos Patsalides L.L.C. provides ‘timely and practical advice’.

Costas Tsirides & Co LLC’s ‘responsive’ team includes the ‘very capable’ Alexandros Tsirides.

Koushos Korfiotis Papacharalambous LLC has an impressive roster of clients such as Citibank International. Loizos Papacharalambous is the key contact.

Michael Damianos & Co LLC regularly acts for banks and handles referrals from international law firms.

Nasos Kyriakides at Nasos A. Kyriakides & Partners LLC provides ‘quick and reliable advice’ on financing.

Papadopoulos, Lycourgos & Co LLC recently advised a group of Cypriot companies on a large debt restructuring. Doros Lycourgos is recommended.

Despo Andreou at Pyrgou Vakis Law Firm has ‘excellent knowledge of the banking sector’. Melina Pyrgou remains ‘calm at all times’.

Marios Panayiotou is the key contact at ‘progressive firmTornaritis Law Firm.

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Press releases

The latest news direct from law firms. If you would like to submit press releases for your firm, send an email request to

Legal Developments in Cyprus

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • Notional Interest deduction 11/17

  • Cyprus: Changes To The Inheritance Process Under European Succession Regulation 650/2012

    The growing importance of cross border successions within the European Union and the difficulties and complications resulting from the diversity of succession and private international law rules relating to succession, prompted the European Commission to examine the possibility of introducing a Regulation that would facilitate and streamline cross border successions.
  • A fight against corruption by the proposed introduction of Criminal Record Certificates for Companie

    Due to existing problems with regards to companies competing for the undertaking of public projects, on the 28 th  September 2015 the Cabinet decided to give an end to the scandals involving the squander of millions of public money by approving an amendment Bill, which would add to the conditions for public tenders, the requirement of providing a Criminal Record Certificate for legal entities. Until today, this was not required due to gaps and loopholes in the existing Law. Provided this Bill will be passed into Law by its publication at the Official Gazette of Cyprus, companies applying for public tender will be asked to produce a certificate that would show they have a clean criminal record.

    Lis Alibi pendens is Latin for "suit pending elsewhere" . Both Articles 27 and 28 of the EU Regulation 44/2001 regulate the existence of lis alibi pendens and related judicial actions. In particular it is a doctrine that regulates the jurisdictional relationship of courts hearing concurrent proceedings involving the same or related causes of action between the same parties pending in the courts of different Member States.
  • The new features under the Recast Regulation 1215/2012

    The significance of the EU Regulation 44/2001 is well known as its rules determine both the jurisdiction of courts in the EU in civil and commercial disputes and the conditions for the recognition and the enforcement of their judgments in other EU member States.

    Case C-28/26 - Examines the right of a holding company to deduct input VAT on services acquired in the interest of its subsidiaries where those services are offered to its subsidiaries with no consideration.
  • European Commission proposes new VAT rules to support e-commerce and online businesses in the EU

    On 1 December 2016, the European Commission has published proposals to improve the Value Added Tax (VAT) environment for e-commerce businesses in the EU. Particularly, the proposed changes, aiming to allow start-ups and SMEs, to buy and sell goods and services more easily online.
  • Unjust Banking Practices in Swiss Franc Loan Agreements

    The Cypriot banking system is currently being confronted with the issue of providing foreign loans and in particular Swiss francs to both locals and foreigners to cover their housing requirements. Of principle concern in Cypriot and European Courts are the banking practices used in attracting clients to these financial institutions. It seems that misinformation through the use of various means of bank notifications and practices point towards the use of the distortion and the concealment of essential information to borrowers. The Cypriot banking system (that is sanctioned by European banking) in the provision of Swiss Francs did not in most cases provide a complete and proper briefing of the risks involved in these types of loan contracts that also incorporated exchange and interest rate fluctuations.


    The European Court of Justice (‘ECJ’) in the Gazprom Case (2015) held that anti-suit injunctions issued by arbitral tribunals in relation to the pursuit of Court proceedings within the EU, are not incompatible with the Brussels Regulation. The ECJ held that the BrusselsRegulation does not prevent a Court in an EU Member State from recognizing and enforcing an award containing such an anti-suit injunction, either pursuant to national law, or the New York Convention.

Press Releases in Cyprus

The latest news direct from law firms. If you would like to submit press releases for your firm, send an email request to