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PATRICIAN CHAMBERS, 332 AGIOU ANDREOU STR., 3035 LIMASSOL, CYPRUS
Tel:
Work +357 25 87 15 99
Fax:
Fax +357 25 34 45 48
Email:
Web:
www.pavlaw.com
Limassol, Nicosia

The firm: Patrikios Pavlou & Associates LLC is a leading, multi-awarded law firm based in Cyprus with significant experience in the international legal market. Founded in 1963, the firm continually invests in key workforce to maintain a high quality of legal services and today, it is considered one of the leading and most respected law firms in Cyprus.

The firm’s highly skilled legal team specialises in cross-border work and it has been involved in some of the largest transactions/cases in the international and local legal market. Clients include public and private companies from various industry sectors, local and international banks, financial institutions, entrepreneurs as well as a host of individual clients from Europe, Russia, the CIS countries, Cyprus and others.

Patrikios Pavlou & Associates LLC is a member of important professional international bodies. It is recommended by prestigious legal directories globally and it is recognised as a top-performing firm in respect of its distinctive client services and legal advice.

Areas of practice: Dispute resolution and ADR: the largest and most experienced department of the firm, renowned for delivering exceptional service to clients. The legal team handles cases in conventional and alternative forms of dispute resolution, including international arbitration and mediation. A sample of the litigation team’s recent work includes the representation of certain Russian companies in shareholders’ disputes for the amount of USD$200m for alleged breaches of shareholders’ agreement, misrepresentation and fraud.

Corporate, commercial and M&A: one of the internationally recognised practice areas of the firm with a reputation for providing swift, practical and solutions-oriented consultancy services. The department handles complicated cross-border transactions including major mergers and acquisitions and assists large groups of companies and prestigious international law firms on Cyprus corporate and commercial law issues. Among many projects, the corporate team is currently advising a global leader, operating in the energy sector, on a USD$975m proposed acquisition of a Cyprus holding company and its subsidiaries.

Banking and finance: this line of work has increased tremendously over the last three years (banking work has tripled) with the department offering premium financial and banking legal services to European, Russian and local banks, and companies from the financial services sector. Recently the team advised on a complex global restructuring (value USD$1.53bn) of all the facility agreements with various companies, of a leading international group involved in the oil business in the Russian Federation, Central and Southern Asia, and the Middle East.

Corporate management services: through its close association with Pagecorp Group, the firm offers comprehensive corporate management, administrative, trustee and fiduciary services to several hundreds of companies operating in Cyprus and abroad.

International tax planning: the department provides comprehensive advice on Cyprus tax law matters, complicated tax structures and on possible tax implications arising from cross-border mergers and acquisitions. One of the recent projects includes the provision of specialised tax advice to a Russian airline in relation to transfer pricing, VAT matters and on the tax consequences arising out of a financing scheme concerning the leasing of its aircrafts to UAE, Cypriot and Irish entities.

Real estate, trusts and asset protection: the firm’s experience is extensive, with the legal team advising on a broad range of property-related services, such as assisting real estate developers on the development and licensing of properties, individuals on sale/purchase/lease agreements, property finance matters, on the setting up of Cyprus international trusts and many others. Over the last two years, the department has been extensively involved and is continuously advising a number of high-net-worth individuals from Russia, Asia and other non-EU countries on the purchase of premium commercial and residential properties, which qualify for the Cyprus citizenship by Investment Programme.

  • Contact
  • Stavros Pavlou
  • Number of lawyers: 27
  • Languages
  • English
  • French
  • German
  • Greek
  • Italian
  • Russian
  • Ukrainian
  • Slovak
  • Georgian
  • Member
  • International Bar Association
  • International Law Association
  • Society of Trust and Estate Practitioners
  • Cyprus Bar Association
  • Chartered Institute of Arbitrators
  • International Tax Planning Association
  • Cyprus-Russian Business Association
  • Russian Arbitration Association
  • Association of International Tax Consultants
  • AEA International Lawyers Network

Above material supplied by Patrikios Pavlou & Associates LLC.

Legal Developments by:
Patrikios Pavlou & Associates LLC

  • 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.
    - Patrikios Pavlou & Associates LLC

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.