The Legal 500

Twitter Logo Youtube Circle Icon LinkedIn Icon
64 AGIAS FYLAXEOS, ARISTODEMOU BUILDING, OFFICE 302, 3025 LIMASSOL, CYPRUS
Tel:
Work +357 25 74 55 75
Fax:
Fax +357 25 74 55 25
Email:
Web:
www.kourtelaw.com

The firm: P. N. Kourtellos & Associates LLC is an independent and dynamic law firm, one of the new generations of Cyprus law firms which are breaking ground and rethinking the practice and substance of law. Founded by Dr Pavlos Neofytou Kourtellos and Ioanna Demetriou in 2011, primarily as a multi-service commercial law firm based in Limassol, the firm has rapidly grown in size, encompassing associates in various business areas and expanding its practice to all business and commercial areas of law. It is dedicated to providing its clients with outstanding, highly personalised legal representation. During 2014, the firm became a full member of Pangea Net, an international network of independent law firms founded in 2009, now consisting of 26 members from jurisdictions all over the world. Joining Pangea Net signifies the firm’s commitment to strive to provide outstanding legal services and serve each client’s international needs.

Its lawyers have a sophisticated understanding of business and corporate law and the implications of commercial and business litigation. It provides legal advice, counsel and aggressive litigation services to individuals and corporations. The firm prides itself that it speaks through actions not words and it is highly regarded for its innovative actions in court and precedents achieved in corporate dispute, fraud and breach of privacy cases. Recent years have seen the firm securing precedent-setting victories in the areas of disclosure of information and confidentiality, the tracing of assets, arbitration law and insolvency proceedings. Advising and acting for the state competent supervisory authorities the firm formulates the law and sets court precedents relating to banks’ resolution regime and banking insolvency. The firm also has significant experience in cross-border transactions and in international commercial arbitration working with highly respected international law firms.

Areas of practice: Litigation and arbitration: the firm represents clients in the District Court and the Supreme Court of Cyprus and its lawyers have worked on multinational projects simultaneously involving court litigations and international commercial arbitrations that covered issues of anti-hostile takeover defence, insolvency, asset tracing and serious civil fraud and conspiracy disputes. The firm regularly participates and offers assistance, representation and advice in domestic and international arbitration and mediation for individual and corporate clients at all stages of the arbitration process.

General corporate and commercial: the firm’s corporate practice group works closely with the tax advisors to deliver its clients cost-balanced and tax-efficient corporate solutions. It is engaged in the full range of counselling buy-side and sell-side clients in public and private M&A transactions, including: asset acquisitions, equity purchases and sales, mergers and consolidations, recapitalisations and reorganisations, tender offers, cross-border transactions and joint ventures.

Banking and finance: the firm has handled a significant volume of high-value and high-profile international transactions related to acquisition and project finance, refinancing, real estate financing, syndicated and bilateral lending, acting as Cyprus law counsel for both lenders and borrowers.

Trusts and asset protection: the firm advises on the creation and administration of trusts in Cyprus. In this area, its clients include individuals wishing to set up trusts, beneficiaries and trustees. Its services include advising on the choice of trustees/protectors, the tax position of trusts and the exercise of trust powers and indemnities, review, analysis and development of estate plans for high-net-worth individuals, and the preparation of documents necessary to implement such plans.

Corporate fiduciary services: the firm, through its corporate services arm, Koupercon Fiduciaries Ltd, provides clients with a broad spectrum of corporate services. Its general corporate practice includes advising businesses in all phases of development, from startups to well-established companies. The firm provides advice to new enterprises regarding the advantages and disadvantages of different business forms on all legal aspects of their operation.

  • Other offices
  • Athens
  • Larnaca
  • Nicosia
  • Number of lawyers: 10
  • at this office: 6
  • Languages
  • English
  • Greek
  • Italian
  • Russian
  • Finnish
  • Member
  • International Bar Association
  • Chartered Institute of Arbitrators
  • PANGEA NET (International Network of Independent Law Firms)
  • Society of Trusts & Estates Practitioners (STEP)

Above material supplied by P. N. Kourtellos & Associates LLC.

Legal Developments in Cyprus

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • Supporting local and international charitable organizations

    As one of the leading law firms in Cyprus, we are active promoters and supporters of local economic growth by sponsoring local events, applying environmental-friendly practices, minimizing our ecological impact, and most importantly, by raising money for local charities and non-profit organizations.
  • Stricter supervision in relation to the Scheme for Naturalisation of Investors in Cyprus by Exceptio

    Recently there were a lot of publications within the European Union expressing concerns about the allegedly very high number of Cypriot passports being given to foreign investors the last few years. The Council of Ministers has decided on 9th January 2018 with the decision with number 84.069, to impose a stricter supervision of all the parties involved in the Scheme for the naturalisation of non-Cypriot investors in Cyprus by exception.
  • 19% VAT on Plots

    In order to harmonize the  Acquis Communautaire on the Taxation of untapped and undeveloped plots of land, the Cyprus Government enacted, on 03/11/2017, relevant legislation for the imposition of 19% Value Added Tax (VAT) on these properties, with a date of enforcement being 02/01/2018. The relevant legislation refers to plots/pieces of land offered and/or provided for construction for economic purposes.
  • Unfair contract terms

    The Unfair Contract Terms Law 93(1)/1996 (the “Law”) as amended, implements the EU Directive  93/13/EEC  of 5 April 1993 regime into national law. The objective of the aforementioned legislation is the protection of consumers in the European Union from unfair terms and conditions which might be included in a standard contract for goods and services they purchase. It introduces the notion of ‘good faith’ to avoid any significant imbalance in mutual rights and obligations.
  • Beneficial Ownership Concept - The approach of the Russian Federal Tax Service

    The beneficial ownership of the income concept (“the Concept”) is nowadays a material aspect affecting the eligibility of the taxpayers to claim treaty benefits.
  • MALTA - ICOs - THE NEW LEGISLATION (Updated 4th edition)

    Initial Coin Offering, known as “ICO”, is a relatively new phenomenon that has quickly become the main player in the Financial Services and Crowdfunding industries, as well as being the key subject of discussion in the Blockchain communities. In essence, it is one of the most advanced methods of raising finance from the public and is becoming increasingly popular to fundraise start-ups.
  • BVI'S NEW ECONOMIC SUBSTANCE LEGISLATION

    The British Virgin Islands are rushing to pass by the end of December the new economic substance legislation to avoid the EU’s blacklist of tax haven jurisdictions.
  • Security Token Offerings (STOs): The Future of Coin Offerings

    The term ICO has been at the epicentre of discussions in the FinTech industry, being the main method of fundraising used by startup companies to develop innovative ideas on the Blockchain technology or other applications using Distributed Ledger Technology (“DLT”).
  • The 'dark' side of the data room: disclosure dangers in M&A and finance transactions

    Given the corporate environment's ever-changing nature and business needs and the importance of data protection at the EU level, the topic of due diligence in M&A and financial transactions warrants examination. The disclosure, transfer and processing of data raises concerns at several stages of the due diligence process during a transaction and undoubtedly makes things more complicated.
  • Registered alternative investment funds – an overview

    Cyprus is fast becoming an international fund hub and a well-respected player in both the European and international fund industries.