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Alexandros Clerides, Associate

Associate Alexandros Clerides explains how the firm is adapting to clients’ changing needs’

What do you see as the main points that differentiate phoebus, christos clerides & associates llc from your competitors?

This is not another law firm. This is a family run law firm. We don't just work as a team, we work as a family and we care about our clients as much.

Which practices do you see growing in the next 12 months? What are the drivers behind that?

Corporate criminal liability. The banking sector has taken a huge blow in Cyprus since 2013 due to the economic crisis. Big organisations including banks are under great scrutiny and can no longer hide behind the "corporate veil".

What's the main change you've made in the firm that will benefit clients?

At the time being my sole focus is my career and going the extra mile to meet the client's needs is my daily routine. Setting such an example for the rest of the lawyers in our firm ultimately brings change that benefits our clients.

Is technology changing the way you interact with your clients, and the services you can provide them?

Our law firm is present online through our website and social media pages. Clients can and do contact us 24/7. Sometimes questions requiring simple yes or no from your legal advisor can go a long way. Time and cost effective for both sides. We have also recently digitalised our massive law library consisting of almost 5000 legal books which gives our lawyers access any day, any place through their mobiles.

Can you give us a practical example of how you have helped a client to add value to their business?

Helping a client defend his business assets is only the start. When a client is facing corporate criminal procedures, what's at stake is more than his company value.

Are clients looking for stability and strategic direction from their law firms – where do you see the firm in three years’ time?

Clients are looking for a law firm that can accommodate all their needs. Corporate services, legal consulting, litigation, arbitration; we at Phoebus, Christos Clerides & Associates LLC have it covered since 1950.

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  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 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.

    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 (‘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.