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Stelios Americanos, managing partner

Managing partner Stelios Americanos explains how STELIOS AMERICANOS & CO LLC is adapting to clients' changing needs.

What do you see as the main points that differentiate STELIOS AMERICANOS & CO LLC from your competitors?

There are a few points that differentiate our Law Firm from the competition.

Firstly, our firm provides services covering a wide range of practice areas. This grants us a considerable advantage of providing complete legal consultation services to our clients. Specifically, our Firm operates and covers the fields of Corporate & Commercial Law, Banking & Finance, Litigation & Arbitration, Real Estate & Construction, Intellectual Property, Ship Registration & Finance, International Tax Planning, Financial Services, Accounting, Corporate & Fiduciary Services, Global Company Formation & Corporate Management and Energy & Natural Services.

Secondly, the firm serves governmental and semi-governmental organizations, major financial-banking institutions, public companies quoted in the Cyprus Stock Exchange or the AIM and multinational corporations. Therefore, we have the expertise and know-how to cover a wide range of clientele from various industries and/or sectors.

Thirdly, the firm has assembled a dynamic multilingual team working with cutting edge technology, quickly established an enviable reputation for efficient and competent service and has become a leading niche firm for corporate work.

Finally, the firm has established world-wide contacts with reputable legal and advisory practices and is able to assist clients with all aspects of their cross-border transactions. Due to this, the firm already has formed an impressive list of international clientele that includes major financial-banking institutions, investment funds, leading international law firms, multinational corporations and high net worth individuals.

But most importantly we deliver results and we never miss deadlines.

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

Litigation and insolvency as a result of the financial crisis along with banking finance transaction work.

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

The main change we’ve made to attend to clients’ needs more effectively and efficiently is mainly the expansion of our professional legal team by adding individuals who are experts in different specialties in order to cover almost all fields of Law. Therefore, we are capable of dealing with any legal issues our clients may face.

Additionally, our Firm sees no physical barriers. We have established important professional collaborations in many countries abroad in order to effectively and efficiently meet clients requirements outside Cyprus, having the needed know-how to do so.

Our firm’s clients are guaranteed continuous and tailored-made support, combined with a positive and constructive approach having the ability to solve complex legal and tax problems in a business oriented mentality. We also seek to build exceptional working relationships with our clients. By doing so, we are able to develop a deeper understanding of our clients’ businesses, provide commercially astute, innovative advice and create better business outcomes for our clients.

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

Globalization is a fact and as the years go by it becomes a reality. Technology is, indeed, the main drive for globalization to be a feasible fact.

Technology works as our ally these days, since it minimizes all possible demographic barriers and time-constraints. Technology is used to easily provide us with the capability of offering consultation to any client, no matter the country of origin and/or need at any possible time.

Technology means efficiently communicating with our clients and collaborators by providing us tangible tools to converse via teleconferences, emails, voice calls, video calls even online seminars. Technology contributes exceptionally in the efficient management of cross border transactions and provides additional safety to confidential information and data exchanged between parties.

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

In a recent acquisition of a hotel chain in Cyprus our due diligence findings resulted in revising the initial acquisition structure of the target assets allowing the client to obtain clear title of the hotels management contracts avoiding the payment of land registry fees in excess of Euro 600.000.

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

The key is to maintain the position and status of Cyprus as a competitive financial centre, being able to adapt to the continuous changes in the services industry. Cyprus has exceeded international expectations with a return to growth in 2015-16, and is making a steady progress in restructuring its economy and regaining investors’ confidence with the adoption and implementation of progressive measures and structural reforms.

Thus, lots shall depend on the Cyprus economy as a whole. Stelios Americanos & Co LLC remains committed to providing high quality services and we are more than optimistic as to the future.

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.