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Chambers: Harneys strengthens position in Cyprus

May 2012

Harneys has strengthened its position in Cyprus and is now among the top 4 law firms in the country, according to the latest edition of Chambers Europe, published last week.

Described as a “compact and commercially focused outfit [that] has gone from strength to strength in its corporate output”, Harneys is ranked in Band 2, up a position from 2011.

”[The firm is] able to handle complex day-to-day matters and maintain an international law firm standard of service,” a client is quoted as saying.

Emily Yiolitis, who is the managing partner of the Cyprus office, is highlighted for her “expertise in tax and corporate law” while Pavlos Aristodemouis described as both "proactive and creative." and "He comes across as a City lawyer in his approach to things,” says one client of Pavlos. Also recommended is Nancy Erotocritou who “leads on many important deals for the firm”.

Noted deals include the cross-border merger of a Cyprus-registered company with a Polish-registered one, forming part of one of the most sizeable groups in the Polish food industry.

Harneys entered the Cyprus legal market in 2008 through a strategic alliance with the boutique Cypriot law firm Aristodemou, Loizides Yiolitis LLC. In 2009 the firms merged to become the first international offshore law firm in Cyprus. Over the ensuing 3 years the Cyprus office has grown to a headcount of over 20 while developing its international reputation for reliable, timely and commercially astute Cypriot legal services. The improved ranking in Chambers augurs well for the firm and serves to confirm its growing reputation worldwide.

Chambers has been researching the legal profession in Europe for more than 10 years, identifying leading lawyers and law firms and providing in-depth analysis of the legal markets in 51 jurisdictions.

Harneys is a leading international offshore law firm providing British Virgin Islands, Cayman Islands, Anguilla and Cyprus legal advice. Through its offices in the BVI, Cayman Islands, Cyprus, Hong Kong, London and Montevideo the firm provides legal services to the world’s top law firms, financial institutions and corporates. Over its 50 year history Harneys has been consistently ranked as the top law firm in the British Virgin Islands. For more information please visit www.harneys.com

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