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PROTEAS HOUSE, 155 MAKARIOU III AVENUE, PO BOX 58159, 3731 LIMASSOL, CYPRUS
Tel:
Work +357 25 84 90 00
Email:
Web:
www.sofocleous.com.cy

The firm

Andreas M Sofocleous & Co LLC is one of the most successful corporate and commercial law firms in Cyprus. Headquartered in Limassol and with offices in Eastern Europe and the UK, the firm provides legal services for individuals and companies at national and multinational levels across a wide range of industries, dealing with mergers and acquisitions, cross-border transactions, joint ventures, intellectual property licensing, as well as company formation and management and other business arrangements.

The qualified professionals at the firm include legal and business consultants, advocates, solicitors, accountants, economists, international tax consultants, bankers and trade specialists, as well as its international associates.

Despite the problems in the economy in Cyprus and in Europe in general during the last few years, the practice continues to progress and expand.

Corporate and commercial: Chrysis Sofocleous (partner); Menelaos Sazos (partner); Anna Onoufriou Georgallides; Christina Sofocleous; Florentina Emmanouel.

Litigation and arbitration: Tasos Panteli (Partner); Andri Hadjicharalambous; Christina Antoniadou; Maria Violari.

Areas of practice

Corporate and commercial: the corporate and commercial department advises a wide range of major national and international companies and public authorities. It has maintained its reputation in Cyprus and abroad despite the recent economic events. The firm gives its advice on the incorporation of companies, intellectual property rights, corporate organisation, reorganisation and finance, mergers and acquisitions, private equity funds and money transfers.

Litigation: the litigation department undertakes legal representation in cases not only in Cyprus but through a network of associates in Europe and Russia, along with the assistance of its Ukraine branch, and in this respect the firm is also able to outsource any case while maintaining full management and supervision of the cases in question. During the past few years, the firm has represented clients in both the European and Russian courts.

The litigation department is divided into two teams, namely as follows: the general litigation department deals mainly with cases such as criminal, personal injury, insurance claims, employers’ liability, debt collection, etc; the corporate and commercial litigation department deals mainly with cases such as international trade and trust cases, company and partnership disputes, corporate dissolutions, shareholders’ rights and derivative actions, construction disputes, commercial assets recovery, etc.

Banking services: the banking and finance lawyers in Andreas M Sofocleous & Co LLC are experienced in a broad range of banking law and corporate finance matters, and apply their understanding of banking law to assist their clients in achieving timely and cost-effective solutions. The firm assists its clients in a tremendous variety of domestic, international, corporate and commercial transactions ranging from those involving relatively small amounts of money to large and very complex financial dealings.

Accounting services: offered by the firm’s affiliate company Gramaro Accounting Services Ltd, is one of the most successful and reputable accounting firms in Cyprus. The firm’s clients operate in many different industries, including oil and gas, retail and wholesale trading, real estate, investment holding, financing and others.

Immigration services: citizenship applications (both through the economic citizenship programme and the conventional route), applications for immigration permits, permanent residence permits, employment permits and visas. The department advises both individual and corporate clients and provides a wide range of services.

Contact Andreas M Sofocleous (managing partner)

LanguagesEnglish
Greek
Romanian
Russian
Spanish
Ukrainian

Other offices Kiev

Member International Tax Planning Association

Number of lawyers 20

at this office 17

Above material supplied by Andreas M. Sofocleous & Co.

Legal Developments by:
Andreas M. Sofocleous & Co

  • INTERNATIONAL ARBITRATION

    The only requirement for a valid arbitration agreement and subsequently a valid arbitration procedure in Cyprus is the arbitration clause to be in written form. The Cyprus domestic Arbitration Law Cap. 4 which regulates domestic arbitrations provides that the agreement to refer any present or future disputes to arbitration is irrevocable unless the Court decides otherwise.
    - Andreas Sofocleous & 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

    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.