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Michael Kyprianou & Co. LLC

2 AGIAS ELENIS STREET, 6TH AND 7TH FLOORS, 1060 NICOSIA, CYPRUS
Tel:
Work +357 22 44 77 77
Fax:
Fax +357 22 76 78 80
Email:
Web:
www.kyprianou.com
Athens, Birkirkara, Limassol, Nicosia, Paphos

Cyprus

Banking and finance
Banking and finance - ranked: tier 2

Michael Kyprianou & Co. LLC

Michael Kyprianou & Co. LLC fields a large team that has extensive experience in complex domestic and cross-border transactions. The group was engaged by a major international law firm to act for Sberbank of Russia in connection with a $100m facility agreement. Tonia Antoniou heads the department.

Next generation lawyers

Lorena Charalambous - Michael Kyprianou & Co. LLC

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Commercial, corporate and M&A
Commercial, corporate and M&A - ranked: tier 2

Michael Kyprianou & Co. LLC

The ‘highly responsive’ team at Michael Kyprianou & Co. LLC regularly acts as local counsel on major high value and cross-border deals and recently advised Iron Mountain on its acquisition of Fileminders. The ‘promptLambros Soteriou and the ‘very attentiveIoanna Solomou are recommended. Tonia Antoniou is ‘very motivated’.

Next generation lawyers

Ioanna Solomou - Michael Kyprianou & Co. LLC

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Dispute resolution
Dispute resolution - ranked: tier 1

Michael Kyprianou & Co. LLC

Michael Kyprianou & Co. LLC’s dispute resolution group has ‘top-class lawyers who are thorough and creative’ and recently represented several shareholders of a large producer of ammonia in a $1.4bn shareholder dispute. Practice head Menelaos Kyprianou is ‘tactically sharp’ and Marina Hadjisoterioucrafts a legal case like a spider crafts his web’.

Leading individuals

Menelaos Kyprianou - Michael Kyprianou & Co. LLC

Next generation lawyers

Marina Hadjisoteriou - Michael Kyprianou & Co. LLC

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EU and competition
EU and competition - ranked: tier 2

Michael Kyprianou & Co. LLC

Menelaos Kyprianou at Michael Kyprianou & Co. LLCpays great attention to detail and produces effective results’. The team advises local and international clients on all aspects of national and EU competition law.

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Employment
Employment - ranked: tier 2

Michael Kyprianou & Co. LLC

At Michael Kyprianou & Co. LLC, Lambros Soteriou is ‘great at finding solutions’ and Khamis Abulhawa’s ‘knowledge and experience of Cypriot employment law is outstanding’.

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Intellectual property
Intellectual property - ranked: tier 2

Michael Kyprianou & Co. LLC

Michael Kyprianou & Co. LLC advises clients such as Thomson Reuters on the full range of IP matters. Tonia Antoniou heads the department.

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Maritime and admiralty
Maritime and admiralty - ranked: tier 2

Michael Kyprianou & Co. LLC

Michael Kyprianou & Co. LLC acts for ship owners, ship managers and financial institutions and regularly provides legal opinions on ship financing deals. Lambros Soteriou and Tonia Antoniou are recommended.

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Real estate and construction
Real estate and construction - ranked: tier 2

Michael Kyprianou & Co. LLC

Michael Kyprianou & Co. LLC has an ‘absolutely brilliant team’ that regularly advises international clients on property investments in Cyprus. Head of team Savvas Savvides is ‘very approachable and knowledgeable’ and Esme Palas has ‘excellent understanding of the Cypriot legal system and its potential pitfalls’.

Leading individuals

Savvas Savvides - Michael Kyprianou & Co. LLC

Next generation lawyers

Esme Palas - Michael Kyprianou & Co. LLC

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Tax
Tax - ranked: tier 2

Michael Kyprianou & Co. LLC

Lambros Soteriou at Michael Kyprianou & Co. LLChas the ability to put himself into the shoes of a company director’. In 2017, the team kept busy advising on a range of tax matters relating to major restructuring and reorganisation projects as well as contentious matters. Associate Ioanna Solomou is ‘very responsive’.

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Further information on Michael Kyprianou & Co. LLC

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Legal Developments by:
Michael Kyprianou & Co. LLC

  • 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.
    - Michael Kyprianou & Co

Legal Developments in Cyprus

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • Initial Coin Offering (ICO) through Cyprus The Tax & VAT aspect

    ICOs have recently exploded and become an increasingly popular method of fundraising for start - ups and other companies with the intention to fund innovative projects based on the Blockchain technology.
  • New Cyprus law on data system security

    New Cyprus law on data system security
  • New “federal” EU Tax rules on the table

    In 2011, in response to public concerns over large multinational companies exploiting differences in national tax rules, the European Commission published a proposal for a Common Consolidated Corporate Tax Base (CCCTB) to unify tax rules throughout the EU. Individual countries would still be free to set their own tax rates, but anomalies between countries in terms of deductibility of expenses and recognition of income would be eliminated. The initial proposal met with considerable political resistance, particularly from the United Kingdom, and was not pursued. In October 2016, perhaps in anticipation of less resistance once Brexit was completed, the Commission issued a revised proposal to replace the earlier one. It aims to introduce a set of common rules for determining the tax base of companies with operations in several EU Member States and tax them in the country where their revenues are generated, and remove the anomaly of large companies paying what the public perceives as disproportionately low amounts of tax in countries where they have significant activities.
  • Initial Coin Offering (ICO) Through Cyprus

    Initial Coin Offering, known as “ICO”, is a relatively new phenomenon in the crowdfunding industry being the main subject of discussion in the Blockchain and financial communities.
  • The new Prospectus Regulation EU

    On 30th June 2017, the European Parliament and the European Council published in the Official Journal of the European Union the Regulation (EU) 2017/1129 on the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market (the “New Prospectus Regulation”).
  • Relocation and Retirement in Cyprus - The Tax Aspect

    Since 2004, Cyprus is a full Member State of the European Union. This fact, along with its good strategic location, highly skilled human capital, excellent infrastructure, reliable communications, relatively low cost of living, sound and stable legal system, warm climate and hospitality of its people, are some of the advantages which contribute to Cyprus’ continuous development as a competitive international financial, tourist, retirement and relocation centre.
  • The new EU regulation on general data protection 2016/679 (“GDPR”)

    A. INTRODUCTION
  • 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.