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CORNER N.I. NIKOLAIDE AVE AND KOROIVOU STREET, 'PENELOPE'S PALACE', OFFICE 101 8010 PAPHOS, CYPRUS
Tel:
Work +357 26934277
Email:
Web:
www.mantislaw.com

Michael Mantis, Partner

Partner Michael Mantis discusses legal services and his firm in Cyprus

What do you see as the main points that differentiate Mantis & Athinodorou LLC from your competitors?

Mantis & Athinodorou LLC is a family run law firm. Our differentiating factors have been shaped by our long history of working with international clients, to include:

  1. Results oriented, efficient at moving forward and closing/completing client cases
  2. Strong communication with all clients to ensure they are up to date regarding the progress of their case.
  3. Strong networks with public and financial bodies in Cyprus
Which practises do you see growing in the next 12 months? What are the drivers behind that?

We expect there to be growth under three practices, namely:

  1. Real estate should see an upward trend due to improvements in the economy of Cyprus
  2. Establishment of companies this practice has not taken off as expected primarily due to the instability within the financial sector. However, with growing stability in the banking system we expect to see an upward trend in this area
  3. Immigration i.e. citizenship by investment as the global markets and security becomes unpredictable high net worth individuals will be looking to countries like Cyprus as a second base for their families and businesses.
What's the main change you've made in the firm that will benefit clients?

The Partners have delegated different practice areas of litigation and non-litigation services amongst themselves. This has led to faster processing of queries and better adaption to the business environment.

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

Technology has become a central tenet to how any business operates both internally and with clients. Primarily it has improved the customer experience by:

  1. Increasing the number of communication channels and modalities
  2. Cloud based systems enable our lawyers to work on completing cases from anywhere in the world
  3. Our partners have oversight of on-going cases and are therefore able to quickly resolve any issues, increasing efficiencies
Can you give us a practical example of how you have helped a client to add value to their business?

As a firm we always try to find the best possible solutions for our clients in order for them to have maximum protection and maximize their profit and investment. In a recent transaction, we managed to save our client over 100,000 euros in taxes due to the structure given to the transaction by the contracts, which we achieved through detailed analysis of the situation in advance.

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

In three years’ time we anticipate retaining or bettering our position as a market leader for legal services in Cyprus. We will continue to provide high quality services, while continuously adapting to any new developments. Finally, we will be increasing both the number of services we offer and team of lawyers.

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

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  • 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.
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    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.