Twitter Logo Youtube Circle Icon LinkedIn Icon

The Legal 500 Hall of Fame Icon The Legal 500 Hall of Fame highlights individuals who have received constant praise by their clients for continued excellence. The Hall of Fame highlights, to clients, the law firm partners who are at the pinnacle of the profession. In Europe, Middle East and Africa, the criteria for entry is to have been recognised by The Legal 500 as one of the elite leading lawyers for seven consecutive years. These partners are highlighted below and throughout the editorial.
Click here for more details

Cyprus > Legal market overview > Law firm and leading lawyer rankings

Editorial

Who Represents Who

Find out which law firms are representing which Legal market overview 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 david.burgess@legal500.com.

CLICK HERE TO VISIT THE WHO REPRESENTS WHO SITE

Despite Cyprus being one of the smallest countries in the region in terms of area and population, its recent efforts to establish a business-friendly tax regime through a system of double taxation agreements underlines the country’s attempt to position itself as an international financial centre. This endeavour is further supported by the government’s announcement to establish a Commercial Court in 2018 to deal with the growing number of international disputes being adjudicated in Cyprus. Additionally, the country remains one of the world's foremost shipping centres and its admiralty court is a major forum for resolving maritime disputes.

However, an air of cautious optimism pervades, which can also be observed in other sectors: although the real estate market is further recovering, banks still remain reluctant to increase their exposure here.

FIRMS IN THE SPOTLIGHT

Soteris Pittas & Co L.L.C

Soteris Pittas & Co LLC is a boutique law firm, in size only, focusing on the areas of law related to business activity and dedicated to providing its clients with outstanding, highly personalised, legal representation.

Read more…

FIRMS IN THE SPOTLIGHT

A.G. Erotocritou LLC

A.G. Erotocritou LLC is a boutique law firm, offering specialised legal services in both non-contentious, advisory and litigation matters. The firm specialises in commercial/corporate litigation and arbitration, corporate and M&A, banking and finance, shipping and private client sectors and is highly regarded as one of the fastest-growing specialised firms in Cyprus. The firm’s reputation for excellence has secured clients ranging from large banking institutions and international conglomerates to high-net-worth individuals.

Read more…

FIRMS IN THE SPOTLIGHT

P. N. Kourtellos & Associates LLC

P. N. Kourtellos & Associates LLC is an independent and dynamic law firm, one of the new generations of Cyprus law firms which are breaking ground and rethinking the practice and substance of law. Founded by Dr Pavlos Neofytou Kourtellos and Ioanna Demetriou in 2011, primarily as a multi-service commercial law firm based in Limassol, the firm has rapidly grown in size, encompassing associates in various business areas and expanding its practice to all business and commercial areas of law.

Read more…

The Cypriot legal market is also seeing times of transition: while it had previously been dominated by family-run legal firms, a higher demand for increased specialism has facilitated the entry of numerous accountancy firms, which are eager to attract legal professionals with strong international qualifications.

International Law Firm Networks

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
  • Supporting local and international charitable organizations

    As one of the leading law firms in Cyprus, we are active promoters and supporters of local economic growth by sponsoring local events, applying environmental-friendly practices, minimizing our ecological impact, and most importantly, by raising money for local charities and non-profit organizations.
  • Stricter supervision in relation to the Scheme for Naturalisation of Investors in Cyprus by Exceptio

    Recently there were a lot of publications within the European Union expressing concerns about the allegedly very high number of Cypriot passports being given to foreign investors the last few years. The Council of Ministers has decided on 9th January 2018 with the decision with number 84.069, to impose a stricter supervision of all the parties involved in the Scheme for the naturalisation of non-Cypriot investors in Cyprus by exception.
  • 19% VAT on Plots

    In order to harmonize the  Acquis Communautaire on the Taxation of untapped and undeveloped plots of land, the Cyprus Government enacted, on 03/11/2017, relevant legislation for the imposition of 19% Value Added Tax (VAT) on these properties, with a date of enforcement being 02/01/2018. The relevant legislation refers to plots/pieces of land offered and/or provided for construction for economic purposes.
  • Unfair contract terms

    The Unfair Contract Terms Law 93(1)/1996 (the “Law”) as amended, implements the EU Directive  93/13/EEC  of 5 April 1993 regime into national law. The objective of the aforementioned legislation is the protection of consumers in the European Union from unfair terms and conditions which might be included in a standard contract for goods and services they purchase. It introduces the notion of ‘good faith’ to avoid any significant imbalance in mutual rights and obligations.
  • Beneficial Ownership Concept - The approach of the Russian Federal Tax Service

    The beneficial ownership of the income concept (“the Concept”) is nowadays a material aspect affecting the eligibility of the taxpayers to claim treaty benefits.
  • MALTA - ICOs - THE NEW LEGISLATION (Updated 4th edition)

    Initial Coin Offering, known as “ICO”, is a relatively new phenomenon that has quickly become the main player in the Financial Services and Crowdfunding industries, as well as being the key subject of discussion in the Blockchain communities. In essence, it is one of the most advanced methods of raising finance from the public and is becoming increasingly popular to fundraise start-ups.
  • BVI'S NEW ECONOMIC SUBSTANCE LEGISLATION

    The British Virgin Islands are rushing to pass by the end of December the new economic substance legislation to avoid the EU’s blacklist of tax haven jurisdictions.
  • Security Token Offerings (STOs): The Future of Coin Offerings

    The term ICO has been at the epicentre of discussions in the FinTech industry, being the main method of fundraising used by startup companies to develop innovative ideas on the Blockchain technology or other applications using Distributed Ledger Technology (“DLT”).
  • The 'dark' side of the data room: disclosure dangers in M&A and finance transactions

    Given the corporate environment's ever-changing nature and business needs and the importance of data protection at the EU level, the topic of due diligence in M&A and financial transactions warrants examination. The disclosure, transfer and processing of data raises concerns at several stages of the due diligence process during a transaction and undoubtedly makes things more complicated.
  • Registered alternative investment funds – an overview

    Cyprus is fast becoming an international fund hub and a well-respected player in both the European and international fund industries.

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