The Legal 500

Andreas Coucounis & Co LLC

Work +357 24 82 24 60
Fax +357 24 62 61 06
Larnaca, Nicosia, Paphos


Banking and finance
Banking and finance - ranked: tier 4

Andreas Coucounis & Co LLC

Andreas Coucounis & Co LLC has been advising corporate clients on refinancing agreements with creditors overseas. Dimitria Coucouni is the key contact.

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Commercial, corporate and M&A
Commercial, corporate and M&A - ranked: tier 3

Andreas Coucounis & Co LLC

Andreas Coucounis & Co LLC advised a major online gambling corporation on applicable laws in Cyprus and acted on the sale of a stake in the Maybourne Hotel Group by a Cypriot company. Tasos Coucounis and practice head Dimitria Coucouni are the key figures.

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Dispute resolution
Dispute resolution - ranked: tier 3

Andreas Coucounis & Co LLC

Andreas Coucounis & Co LLC represented local clients in a high-value claim against the Government for damages on grounds of expropriation of a seaside property in Larnaca. Clients include Bank of Cyprus and Fox group. Tasos Coucounis is regarded as being knowledgeable and experienced.

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EU and competition
EU and competition - ranked: tier 2

Andreas Coucounis & Co LLC

Tasos Coucounis heads the team at Andreas Coucounis & Co LLC, which is experienced in contentious competition mandates. Clients include Y Karydas Drive & Fly, which the firm represented before the CPC in a complaint against Hermes Airport.

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Real estate and construction
Real estate and construction - ranked: tier 3

Andreas Coucounis & Co LLC

Tasos Coucounis heads the practice at Andreas Coucounis & Co LLC, which advised the Embassy of Qatar on the acquisition of two major leases in Cyprus. The team also assisted foreign investors in their applications to obtain Cypriot nationality, in accordance with government policies aimed at incentivising investment in the country’s real estate sector.

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Tax - ranked: tier 3

Andreas Coucounis & Co

Andreas Coucounis & Co’s team recently advised a Cypriot corporation on tax implications of the disposal of its stake in a US-based property holding company. The team is headed by Dimitria Coucouni.

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Further information on Andreas Coucounis & Co LLC

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Legal Developments in Cyprus

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • The Enforced Division of Land Plots Amongst its Co - Owners

  • Commentary on the judgement of the European Court of Justice

    The Court of Justice of the European Union (CJEU) dismisses the actions for annulment of the MoU and the Eurogroup statement and the actions for compensation of uninsured depositors for the restructuring of the Cypriot banking sector

    The Law regulating Financial Leasing and the activities of Financial Leasing Companies of 2016 (L.72 (I) / 2016) (the “Law”) came into force on April 28 th , 2016.
  • Worldwide Freezing and Tracing of Assets through Cyprus Courts

    Cyprus courts have jurisdiction to issue interim orders relating to the worldwide freezing or tracing of assets, whether in the context of main proceedings or in aid of foreign litigation or arbitration proceedings.
  • New insolvency regime

    An overview of the new insolvency regime
  • Cyprus Partnerships Limited by Shares

    A recent amendment to the Partnerships and Business Names Law, Cap. 116 (the “Law’’), has introduced significant changes to the legal framework on partnerships. The most important amendment is the introduction of a new type of limited partnership, the partnership limited by shares.

    According to the Income Tax Law of 2002 (“the Law”) an individual is resident in Cyprus, if he/she resides therein for a period which in aggregate exceeds 183 days.  Consequently, if an individual is physically present in Cyprus for more than 183 days in a tax year, he/she will be considered tax resident of Cyprus in that tax year.  On the other hand, if an individual is physically present in Cyprus for less than 183 days in a tax year, then he/she will be regarded to be non-tax resident of Cyprus in a tax year.
  • How to lodge a claim as a creditor of a Cypriot company in a compulsory liquidation

    Our international commercial litigation team recently acted for a significant number of creditors, involving high profile international commercial and investment banks and finance houses in applications for proofs of debt against a Cypriot Holding company under compulsory liquidation. The Cypriot Holding Company is part of a non EU based group engaged in heavy machinery utilisation and the aggregate amount of debts which were defaulted by the said company (and owed to the creditors represented by our firm) exceed 350 million Euros. The identified creditors were invited to submit their proofs to the liquidator and our team undertook to prepare and verify the details of each claim and to submit those for the purpose of assessment by the liquidator. Based on our recent experience we have drafted this memo which we believe will help identifying the issues relating to proofs of debt.
  • ICLG:International Arbitration Cyprus 2016

    The only requirement under the main laws applicable to arbitration (see below) is that the arbitration agreement has to be a written agreement to submit present or future disputes to arbitration and, under common law principles, this agreement has to be clear and certain.  Read more...

    It is commonly accepted that our modern society requires us to possess a relevant knowledge on bank accounts and loan agreements.  However, how feasible is it for an average person to understand the dangers of a ‘simple' loan agreement?  The legal system of a democratic country ensures the equal treatment between parties and provides support where it is essential. Specifically, it is vital to emphasise a hidden term contained within loan agreements by which the banks maintain a very powerful right against innocent debtors. This right is namely preferential lien.