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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 top-tier, multi-award-winning law firm with significant experience in the international legal market. Founded in 1963, the firm continually invests in key workforce to maintain a high quality of 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 has been involved in some of the largest transactions in the international and local legal market. The firm’s 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 traditional department of the firm handling cases in conventional and alternative forms of dispute resolution, including international arbitration and mediation. The department’s transnational capabilities and experience are substantial since lawyers have arbitrated many commercial disputes in arbitration courts in many countries. A sample of the litigation team’s recent work includes the provision of advice to a Dutch bank on matters related to the recovery of bond holders of funds invested in one of the leading public transportation companies in Russia (claim in excess of $300m).

Corporate, commercial and M&A: one of the internationally recognised and multi-award winning areas of the firm with a reputation for providing high-quality 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 law issues. At present, the corporate team is advising a British construction materials company in relation to a major acquisition of its biggest competitor (transaction value £336m).

Banking and finance: the department continues to expand rapidly offering expert advice on financial and banking services to major European, Russian, local and international banks and companies in the financial services sector. Furthermore, the team has extensive experience in the provision of legal advice in the listings of major companies on local and international stock exchanges. Currently, the legal team provides specialised assistance to a major Russian bank in relation to a complex cross-currency swap transaction for underlying amounts exceeding $1bn involving a complex group structure with Irish, Cayman and Cyprus entities in a currency derivative finance transaction.

Corporate management services: through its close associate 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 of the tax legal team includes the provision of specialised tax advice to a major Cyprus bank in relation to the recent amendment of the Cyprus tax legislation, pursuant to which loan restructurings are temporarily exempt from tax (such as the transfer of immovable property to the creditor/financial institution in exchange for the repayment of debt), regarding a €9m debt to an asset restructuring performed.

The firm’s lawyers also provide professional legal services on trusts and asset protection, IT, internet and e-commerce, competition and EU, real estate and construction, intellectual property, matrimonial, family, administrative and constitutional law and ship registration and ship finance.

Contact Stavros Pavlou

LanguagesEnglish
French
Georgian
German
Greek
Italian
Russian
Slovak
Ukrainian

MemberCyprus Bar Association
International Bar Association
Cyprus-Russian Business Association
Society of Trust and Estate Practitioners
Chartered Institute of Arbitrators
International Tax Planning Association
Association of International Tax Consultants
AEA International Lawyers Network

Number of lawyers 27

Above material supplied by Patrikios Pavlou & Associates LLC.

Legal Developments by:
Patrikios Pavlou & Associates LLC

  • 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...
    - 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
  • Notional Interest deduction 11/17

    Introduction
  • 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.