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George Y Yiangou LLC

Work +357 22 65 33 33
Athens, Nicosia

Press releases and law firm thought leadership

This page is dedicated to keeping readers informed of the latest news and thought leadership articles from law firms across the globe.

If your firm wishes to publish press releases or articles, please contact Shehab Khurshid on +44 (0) 207 396 5689 or


Cyprus 3rd Licensing Round

August 2016. Press Releases by George Y Yiangou & Co (view listing).

By Kypros A. Louca MCIArb

The Cyprus Ministry of Energy, Commerce, Industry and Tourism announced on Friday, 22nd of July that the deadline for the submission of applications for the 3rd Licensing Round for offshore exploration of Blocks 6, 8 and 10 in the Exclusive Economic Zone of Cyprus (ā€œEEZā€), had expired. Up until the 22nd of July,  a total of six applications had been received, by eight companies and for all three available Blocks.

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The Jurisdiction of Cyprus Courts to issues Norwich Pharmacal Orders for the purpose of...

October 2012. Press Releases by George Y Yiangou & Co (view listing).

initiating legal proceedings abroad

The Litigation Department of our firm headed by the Partner Mr. Kyriacos Theodorides and his team Mr. Michael Loizou and Mr. Akis Koumas, had successfully issued on behalf of one of our foreign client a very important judgment considering NORWICH PHARMACAL Orders (Discovery Order).

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George Y. Yiangou & Co achievement

June 2010. Press Releases by George Y Yiangou & Co (view listing).

We are delighted to announce that in the Corporate International Magazines inaugural Global Awards 2010 for Cyprus, George Y. Yiangou & Co has been voted the ā€˜Full Service Advisory Excellence in Cyprusā€™ for the year 2010.

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New branch office in Thessaloniki

June 2010. Press Releases by George Y Yiangou & Co (view listing).

Our business in Thessaloniki has increased significantly over the past few years, and it was decided to open a branch office with in-house lawyers in order to improve the service provided to our clients. Our new office has a team of lawyers who deal with both Corporate matters and also act for our specialized Debt Collection department.

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Legal Developments by:
George Y Yiangou LLC

  • 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
    - George Y Yiangou & Co

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 Ā 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 itsĀ rules determine both the jurisdiction of courts in the EU in civil and commercial disputes and the conditions for the recognition and theĀ 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 (ā€˜ECJā€™) 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.