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Dr K Chrysostomides & Co LLC

1 LAMPOUSAS STREET, 1095 NICOSIA, CYPRUS
Tel:
Work +357 22 77 70 00
Fax:
Fax +357 22 77 99 39
Email:
Web:
www.chrysostomides.com.cy
Brussels, Limassol, Nicosia

Dr Kypros Chrysostomides

Tel:
Work +357 22 777000
Email:
Dr K Chrysostomides & Co LLC

Work Department

Tax/Corporate and Commercial.

Position

Managing Partner ( Taxation Law; Corporate and Commercial Law; Cross Border Transactions, M&A, Restructures; Energy Law; European Union Law; Banking and Secured Financing; Competition Law; Constitutional, Public and Administrative Law; Human Rights Law; Litigation, Arbitration and Mediation; Public and Private International Law).

Career

Dr. Kypros Chrysostomides, is the managing partner of Dr. K. Chrysostomides & Co LLC, and one of Cyprus’ leading corporate and tax lawyers. He specializes in business law, human rights law, international and constitutional law, and has published extensively on all these subjects. During the early years of his career, Kypros was appointed a research fellow in Private International Law at the University of Bonn and later also worked at the European Commission of Human Rights in Strasbourg. Today, he leads a number of the firm’s departments and is particularly known for his corporate law skills, and his substantial experience and expertise in international and tax law. He is regularly listed among Cyprus’ leaders in these areas. The 2015 edition of Chambers Global includes him among the leading lawyers for the areas of Dispute Resolution and Corporate/Commercial, acknowledging his 'experience' in former field of practice and his appointment to the ICC International Court of Arbitration, as well as his "deep expertise in corporate and commercial matters with a significant tax angle". Kypros is also listed among ranked lawyers in Chambers Europe 2015 for his expertise in Dispute Resolution and Corporate/Commercial work. Furthermore, he is listed among the 250 leading global tax lawyers in the 2015 edition of the Tax Directors Handbook. He has been re-appointed as a member of the ICC International Court of Arbitration from July 2015 until June 2018. He is also a member of the Cyprus Bar Association, the Greek Institute of International Law, the International Law Association, the International Bar Association and the International Fiscal Association. Parallel to his legal career, he served as Government Spokesman of the Republic of Cyprus between 2003-2006, and in May 2006 he was elected a member of the House of Representatives, where he served as deputy chairman of the Home Affairs Committee. He was appointed Minister of Justice and Public Order in February 2008 and, since December 2008, has returned to full time practice with the firm. He has been decorated by the Republic of France in 1991 as an Officier de l' Ordre national du Mérite and as Chevalier in 2004, and by Greece in 2004 with the Grand Cross of the Order of the Phoenix.

Languages

Greek, English, German and French.

Member

Cyprus Bar Association; Gesellschaft fur Rechtsvergleichung; UNIDROIT (Correspondent); Association of Attenders and Alumni of the Hague Academy of International Law; International Fiscal Association; International Tax Planning Association; Cyprus Bar Council (Treasurer,1975-1978); International Bar Association; Mediterranean and Middle East Institute of Arbitration (Treasurer,1989); International Law Association.

Education

Law School of the University of Athens (LL.B.); University of Luxemburg (Diplome de Droit Compare); University of Bonn, West Germany (Doctor of Laws).


Cyprus

Banking and finance

Within: Banking and finance

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.

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Commercial, corporate and M&A

Within: Leading individuals

Kypros Chrysostomides - K Chrysostomides (Dr) & Co LLC

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Dispute resolution

Within: Leading individuals

Kypros Chrysostomides - K Chrysostomides (Dr) & Co LLC

Within: Dispute resolution

Dr K Chrysostomides & Co LLC’s ‘proactive team’ has a ‘client-centric approach’. It is frequently involved in large multi-jurisdictional disputes. International arbitration expert Kypros Chrysostomidesbrings gravitas to any situation’ and George Mountisthinks outside the box to strengthen his client’s case and inspires confidence in court’. The team is acting in major actions before the General Court of the European Union against the ‘bail-in’ measures that were imposed on Cyprus.

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EU and competition

Within: EU and competition

Dr K Chrysostomides & Co LLC’s ‘solid’ team is representing Daimler AG in proceedings before the Administrative Court of Cyprus to challenge the legality of a decision by the Commission for the Protection of Competition (CPC). Google is another key client. Kypros Chrysostomides heads the team, which includes Anna Rossides and George Mountis.

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Tax

Within: Leading individuals

Kypros Chrysostomides - K Chrysostomides (Dr) & Co LLC

Within: Tax

Dr K Chrysostomides & Co LLC’s ‘excellent’ tax team works closely with its corporate department and regularly acts for the major audit firms. Kypros Chrysostomides and George Ioannou are ‘among the best tax lawyers in Cyprus’.

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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: