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Andreas Coucounis & Co LLC

9 ARCHBISHOP MAKARIOS III AVENUE, LAZAROS CENTRE, SUITE 101-104, PO BOX 40519, 6305 LARNACA, CYPRUS
Tel:
Work +357 24 82 24 60
Fax:
Fax +357 24 62 61 06
Email:
Web:
www.coucounis.com
Larnaca, Nicosia, Paphos

Cyprus

Banking and finance
Banking and finance - ranked: tier 5

Andreas Coucounis & Co LLC

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.

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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’s diverse practice recently advised an investor owning several commercial projects in the Middle East on a possible re-domicilation to Cyprus. Tasos Coucounis and Dimitria Coucouni are key contacts.

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Dispute resolution
Dispute resolution - ranked: tier 2

Andreas Coucounis & Co LLC

Andreas Coucounis & Co LLC’s ‘excellent and responsive team’ advises individuals and corporations on a broad range of disputes. The team was retained by a UK law firm to provide an expert opinion on Cypriot criminal and immigration law in an extradition case. Alexandros Marios Coucounis is ‘first class’ and Tasos Coucounis is also recommended.

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EU and competition
EU and competition - ranked: tier 3

Andreas Coucounis & Co LLC

Tasos Coucounis heads the team at Andreas Coucounis & Co LLC that continues to represent Y Karydas Drive & Fly before the Cyprus Competition Commission.

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Employment
Employment - ranked: tier 2

Andreas Coucounis & Co LLC

Andreas Coucounis & Co LLC routinely advises on employment contracts and also recently advised temporary public workers on job retention. Alexandros Marios Coucounis heads the team.

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Intellectual property
Intellectual property - ranked: tier 3

Andreas Coucounis & Co LLC

Andreas Coucounis & Co LLC is retained by easyGroup to renew its trade marks in Cyprus. Alexandros Marios Coucounis is a key figure.

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Real estate and construction
Real estate and construction - ranked: tier 2

Andreas Coucounis & Co LLC

Andreas Coucounis & Co LLC is the main adviser to the real estate management arm of the Bank of Cyprus. It has been retained by two foreign owners’ residents associations in a dispute with the District Officer of Cyprus. Tasos Coucounis is recommended.

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Tax
Tax - ranked: tier 3

Andreas Coucounis & Co

Andreas Coucounis & Co’s team is highly regarded for its ‘trusts expertise’. Other recent work includes advising Cypriot companies on the tax aspects of intergroup financial arrangements. Dimitria Coucouni heads the practice.

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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
  • 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 UNDER THE COUNCIL REGULATION (EC) NO 44/2001 ON JURISDICTIONAND THE RECOGNITION AN

    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.
  • ECJ CASE C-28/26 - RECOVERABILITY OF INPUT VAT OF A HOLDING COMPANY

    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.
  • CYPRUS

  • CYPRUS: ARBITRATION – ANTI-SUIT INJUNCTION ISSUED BY ARBITRATORS

    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.
  • Cyprus: Worldwide freezing orders

    In the English case of Derby& Co v Weldon (No3 and 4) (1990) Ch 65, the Court of Appeal held unequivocally that a court can order a defendant’s assets to be frozen even if they are situated outside of the jurisdiction. However what is vital to be established in such circumstances is: