Hall Of Fame

Firms To Watch: Banking and finance

At Pittas + Koullouros LLC, the team garners praise for its 'excellent level of service' and 'clear and direct advice'. Practice head Stelios Pittas has a 'high degree of commercial awareness'.

Firms in the Spotlight Banking and finance

Patrikios Legal

Patrikios Legal logo

The Banking and Finance team at Patrikios Pavlou & Associates LLC is ranked in the top tier for Cyprus, duly acknowledged for delivering outstanding legal services to its clients. With extensive experience in the legal market and the international culture, the lawyers and legal consultants of the Firm successfully handle challenging cross-border corporate finance transactions …

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Banking and finance in Cyprus

Antis Triantafyllides & Sons LLC

The highly experienced banking and finance team at Antis Triantafyllides & Sons LLC has strong capabilities in advising on secured and unsecured lending matters, as well as international high-value financing and refinancing transactions. Under the leadership of Stelios Triantafyllides, the group is adept at handling project financing, syndicated, subordinated and mezzanine financing, securities matters, and compliance and regulatory issues relating to Cypriot law. The department is also noted for its capabilities in contentious work, advising on debt recovery issues and the enforcement of securities. The client base includes local and international banking institutions, borrowers, guarantors and security providers. Managing associate Marios Hadjigavriel continues to assist major financial institutions with large-scale international banking work, and senior associate Christiana Vassiliou Miliou handles lending and project finance transactions and syndicated finance issues.

Practice head(s):

Stelios Triantafyllides

Other key lawyers:

Marios Hadjigavriel; Christiana Vassiliou Miliou; James West; Emily Tornaritis; Froso Rossou


‘The team has extensive banking and finance experience as the leading partner and others have an in-house background with local banks.’

‘Marios Hadjigavriel is hands-on. He has extensive experience and is very knowledgeable in this area of the law.’

‘The team provides commercial and practical advice to get the deal done.’

‘Marios Hadjigavriel is knowledgeable and experienced. James West is a good person to go in and argue your case strongly during negotiations.’

‘We worked with the ATS team on a recent Cypriot loan portfolio acquisition. They were a pleasure to work with. They were extremely knowledgeable and well versed in respect of transactions of this type.’

‘They were very diligent and worked extremely hard to ensure the transaction went as smooth as possible. Would definitely recommend them to anyone considering a complex transaction in Cyprus.’

‘I worked closely with Marios Hadjigavriel, Christiana Vasiliou, Emily Tornaritis and Froso Rossou during the course of the transaction. Each of them impressed with their knowledge and transaction management skills. The ATS machine worked like clockwork and made it easy to manage the transaction.’

Key clients


Bank of Cyprus Public Company Ltd

Deutsche Bank

European Bank for Reconstruction and Development

Hellenic Bank Public Company Ltd

Work highlights

  • Advising a major US alternative asset management company serving institutional investors in connection with the enforcement of Cyprus law governed security documents.
  • Advised a local credit institution on an amendment made in connection with an EUR 37,000,000 term and revolving facilities agreement, relating to construction costs of a major residential and leisure resort.

Chrysostomides Advocates & Legal Consultants

The ‘very professional and client-friendly‘ team at Chrysostomides Advocates & Legal Consultants is well known for acting as local counsel for international banking institutions on multi-jurisdictional financing transactions. Fintech matters are a key area of strength for the group, which has seen an increase in mandates from the renewable energy sector, and has also been kept busy advising on financings within the hospitality sector. Under the leadership of Chryso Pitsilli-Dekatris, the practice continues to act on syndicated project financings and re-financings. Anna Rossides has significant experience in handling IPOs and issues relating to foreign stock exchanges. Pavlos Symeonides and newly promoted associate partners Elena Panayiotou and Artemis Amalia Metaxa are key names to note.

Practice head(s):

Chryso Pitsilli-Dekatris

Other key lawyers:

Anna Rossides; Artemis Amalia Metaxa; Christia-Lydia Kastellani; Elena Panayiotou; Pavlos Symeonides


‘Сomprehensive approach, attention to detail and the ability to achieve the result leaves a great impression of cooperation with Chrysostomides Advocates & Legal Consultants.’

‘Artemis Amalia Metaxa and Christia-Lydia Kastellani are very skilled and talented individuals with great professional and communication skills.’

‘Very dedicated staff and quick turn around times. Thorough analysis and good market knowledge.’

‘ In our collaboration with Chrysotomides, we’ve consistently been impressed by their reliability. They consistently met deadlines and honoured all agreements. As for the quality of their work, we must emphasise their meticulous attention to detail and exceptional expertise.’

‘We had a truly positive experience working with Artemis Amalia Metaxa. The reliability and timely delivery were notably impressive. Importantly, she was always available when we needed her, ensuring smooth collaboration throughout our engagement.’

‘Artemis Amalia Metaxa is very easy to work with.’

‘The team is very dynamic, with an excellent ability to serve clients in a timely and efficient manner. It is friendly and available and knows clients’ business very well. It is open to discuss and to contribute with creative ideas.’

‘Christia-Lydia Kastellani is absolutely competent and resilient, very reactive and constantly available. She is prompt in her responses and able to comprehend the problems and propose solutions. She is always available and she is quick to understand clients’ needs and to provide support.’

Key clients

Banque Internationale à Luxembourg S.A

Clydesdale Bank

United Medical Group CY PLC

Natixis, Singapore Branch

Societe Generale Bank – Cyprus Limited

Credit Suisse (Switzerland) Ltd

First Abu Dhabi Bank P.J.S.C. (Singapore Branch)


J&T Banka, a.s.

Banque Cantonale de Geneve

Astrobank Public Company Limited

Barclays Bank PLC

Banque Internationale à Luxembourg (Suisse) SA

China Development Bank

Komerční banka, a.s

Housing Finance Corporation

Raiffeisen Bank International AG

Joint-Stock Company “Sense Bank”

Work highlights

  • Advised a number of major multinational banks on the financing of Gunvor, a global commodity trading group of companies.
  • Instructed by Alpha Bank S.A to assist with the Cyprus law governed security package for a EUR362m common bond loan facility issued by a Greek corporation.
  • Engaged as Cypriot counsel to Clydesdale Bank PLC on a GBP multi-million real estate investment loan.

Elias Neocleous & Co LLC

Elias Neocleous & Co LLC has an excellent reputation for acting on wide range of cross-border and local financial transactions. The group's client base includes global commercial banks, investment banks and private equity funds, as well as hedge funds, asset managers, and government bodies. The team has considerable expertise in advising on asset-tracing measures through global financial markets. Demetris Roti heads up the practice, in which firm managing partner Elias Neocleous and Andrea Kallis Parparinou are prominent names. Dimitris Papoutsis has left the firm.

Practice head(s):

Demetris Roti

Other key lawyers:

Elias Neocleous; Kyriaki Stinga; Costas Stamatiou; Christos Kafouris; Andrea Kallis Parparinou


‘The Elias Neocleous & Co LLC team exhibited outstanding teamwork.’

‘The individuals consistently demonstrated their ability to find innovative solutions.’

‘Prompt responses to clients’ request and provision of clean legal directions. ’

‘In the banking and finance sector, I have been working with Kyriaki Stinga. The quality of the work stands out. I feel sure when I address any query to Kyriaki regarding banking law in Cyprus. This provides advantages for our clients as well.’

‘The practice is unique because it offers well-rounded services. They have an expert in each field which collaborate perfectly with each other thereby making their team unrivalled.’

Team’s strengths include their attention to client service and specialisation and dedication. Their people are accessible and helpful. They meet deadlines and they keep us informed of progress. They give us practical, constructive advice that solves our problems. Costas Stamatiou is approachable, very experienced and efficient.’

‘The team is very responsive and able to handle the very wide range of issues that arise in transactions. They behave like a true partner to the business and ensure to keep themselves abreast of developments within the company.’

‘Demetris Rotis always maintains a calm demeanour giving confidence that he will resolve any issues that arise. Christos Kafouris shows strong technical know-how and always remains positive and calm on transactions.’

Key clients

Allwyn Entertainment Financing (UK) PLC

Alpha Bank S.A

Altamira Asset Management Limited

Atterbury Europe B.V

Avanti Communications Group PLC

Bank of Cyprus


CPI Property Group

Credit Suisse

Deutsche Bank AG

Eurobank Greece and Eurobank Cyprus

European Bank for Reconstruction and Development

Hellenic Public Bank Company Limited

HSBC Bank Plc

International Finance Corporation

JC Flowers & Co LLC

Jordan Kuwait Bank

KKCG Group

Limassol Marina

Lloyds Bank

Mediterranean Hospitality Ventures Limited

Optima Bank

Prodea Investments Limited

Raiffeisen Bank International AG

Sabadell Venture Capital S.L.U

SAZKA Delta Variable Capital Investment Company Limited

VISA Europe Limited

Work highlights

  • Advised Allwyn Entertainment Financing (UK) PLC on the Cyprus law aspects of its issuance of EUR 1.3bn senior secured notes.
  • Acted as Cypriot counsel to a consortium of banks in connection with a $200m super senior secured multicurrency revolving facility and a $100m senior secured multicurrency revolving facility offered to an international independent oil and gas company.
  • Advised a independent renewable energy producer on a EUR300m co-financing facility in order to fund the construction of two large scale photovoltaic energy production facilities in Central Europe.


Pavlos Aristodemou heads up the banking and finance practice at Harneys, which is well-known for its experience in handling multi-jurisdictional financial transactions. The department garners particular praise for its work on major non-performing loan transactions, and advising on the restructuring of large conglomerates and companies operating in sectors such as infrastructure, oil and gas, and real estate. It also has a strong investment funds team. Additionally, the team receives a steady workflow of instructions from major international law firms. Nancy Erotocritou has expertise in advising on project and asset financing, security structures, restructurings and capital markets work, often for international banking institutions, multinational companies, issuers and investment banks.

Practice head(s):

Pavlos Aristodemou

Other key lawyers:

Nancy Erotocritou; George Apostolou


‘Excellent team to work with – very reliable and guaranteed legal provision of services.’

‘They are a solid practice with good expertise in a number of areas.’

‘George Apostolou is our go to person. He is very responsive.’

Key clients


European Bank for Reconstruction and Development

National Bank of Greece

Black Sea Trade Development Bank

Work highlights

  • Advising EBRD on the provision of a senior secured working capital revolving loan, worth up to EUR30m, to Romanian company Premier Energy SRL.
  • Advised National Bank of Greece on the EUR44m financing of Tethys Portfolio.
  • Advised Black Sea Trade & Development Bank on the financing for the construction of a hotel in Ukraine.

Ioannides Demetriou LLC

The 'well-organised' team at Ioannides Demetriou LLC acts as lead counsel to major Cypriot and international banks on a wide array of major banking transactions, buy-outs, compliance and regulatory matters. The group also has considerable experience in advising on matters within the renewable energy sector. Pambos Ioannides is sought after by local and international banking and finance institutions, as well as private individuals and companies, to handle complex banking transactions. Christina Ioannidou's practice includes refinancing matters, and Katerina Hadjichristofi is well versed in assisting with project financing and corporate financing transactions. Zoe Christou and Savvas Yiordamlis are both well-regarded lawyers.

Practice head(s):

Pambos Ioannides; Christina Ioannidou; Katerina Hadjichristofi; Zoe Christou; Savvas Yiordamlis

Other key lawyers:

Nicolas Panayiotou


‘Savvas Yiordamlis is well versed in his line of business and resolved all our issues swiftly and professionally.’

‘The law firm of Ioannides Demetriou LLC has exceptional associates and partners. The associates of Ioannides Demetriou have extensive legal knowledge, are always eager to assist, prompt in their turnaround and a team with qualities that anyone is glad to work with. ’

‘Christina Ioannidou is one of the most exceptional lawyers we have worked with, with a practical mindset and professional in all aspects; it is always a pleasure to work with Christina.’

‘Savvas Yiordamlis has in depth legal knowledge, specialises in litigation matters and his replies are swift. Katerina Hadjichristofi is an efficient problem-solving professional with extensive knowledge of the financial industry (including, funds) and focuses on the result.’

‘Ioannides Demetriou LLC is a top notch legal firm, exceeding expectations across the board, from responsiveness to quality of legal advice. We have worked with them in super-complex cross-border projects and they keep on rising up to the challenge. They cover impeccably the full spectrum of finance needs, from regulatory to capital markets and special situations.’

‘Christina Ioannidou is our definite choice when it comes to banking and finance legal advice in Cyprus. She is an outstanding lawyer, combining deep knowledge and client-focused approach. She is super responsive and builds excellent interpersonal relations.’

‘Nicolas Panayiotou stands out among the associates. He distinguishes himself as exceptionally hard working, always delivers under pressure and he is definitely the legal advisor you want to work with.

‘Katerina Hadjichristofi is notable for her efficiency; an open-minded partner, with great sense of the challenges of international transactions, whom you can rely on for having things done properly and on time.’

Key clients

The Cyprus Stock Exchange

Eurobank Holdings / Eurobank Cyprus Ltd

Hellenic Bank Public Co Ltd

VLPG Plant Ltd

Cybarco Development Ltd

Grant Thornton

Mercuria Energy Group

Apollo Global Equities Fund of Funds Vcic Plc

Louis Plc

ING Bank N.V.

CNP Assurance / CNP Cyprus Insurance Holdings Ltd

Bank of Cyprus Public Co., Ltd

Hellas Direct Insurance Ltd

NKS Shacolas Group

Hermes Airports Ltd

Tsokkos Group

Cyprus Organisation for Storage and Management of Oil Stocks

Work highlights

  • Advised Eurobank SA on its increase of its qualifying holding in Hellenic Bank and its insurance subsidiaries.
  • Acted for the Cyprus Stock Exchange on various matters pertaining to its operations.

Patrikios Legal

The 'very cooperative and knowledgeable' team at Patrikios Legal is involved in local and international loan restructurings, financing projects and multi-jurisdictional finance work. Under the joint leadership of Stavros Pavlou and Lia Iordanou Theodoulou, the group handles a steady workflow from major banking and financial institutions, international law firms and in-house counsel of large groups of companies. The practice also houses a separate banking litigation department. Additionally, the team advises on the listing of companies on major stock exchanges such as the LSE, the AIM, the Irish Stock Exchange and the Hong Kong Stock Exchange, and is adept at assisting with secondary public offerings and initial coin offerings (ICOs). Stella Strati has established strength in advising private and public local and international companies on cross-border deals and securities issues.

Practice head(s):

Stavros Pavlou; Lia Iordanou Theodoulou

Other key lawyers:

Stella Strati; Nikoleta Christofidi; Angeliki Epaminonda; Angelos Onisiforou


‘ Very attentive and knowledgeable team. Nothing is too much for this team, speedy and professional service. Professional, collaborative, business oriented, flexible and knowledgeable.’

‘This is a large team, very well trained to meet clients’ needs. Stavros Pavlou is an experienced lawyer who knows the market and the law.’

‘They are renowned for their professionalism, integrity, swift response, in-depth knowledge and most importantly, their ethics.’

‘Their Banking and Finance practice is made up of talented lawyers, both experienced and young stars, that utilises collective knowledge, personalised attention, a team spirit and technology, to deliver tangible results.

‘Stavros Pavlou is the backbone of the company and his expertise is highly trusted. Lia Iordanou Theodoulou and Angelos Onisiforou are a few of the firm’s lawyers that stand out for their professionalism, expertise and ethics. ’

‘The law firm of Patrikios Pavlou & Associates LLC is very well organised and is comprised by dedicated lawyers with significant experience.’

‘Angeliki Epaminonda and Angelos Onisiforou are professionals with in depth legal knowledge on financial and corporate related issues and have a deep understanding of complex legal issues.’

‘Attention to detail, commercial approach, sensitive to client needs. Approachable, intelligent, commercial.’

Key clients

Baker Botts

Securities Lending Association

International Capital Markets Association

Freshfields Bruckhaus Deringer

Deutsche Bank AG

White & Case


Norton Rose Fulbright

Citibank Europe Plc


Latham & Watkins (UK)

Gornitzky & Co Law Firm

Chabrier Avocats


Work highlights

  • Advising a bank based in Luxembourg in relation to the granting of a facility including a revolving loan facility and a trade instruments facility in an aggregate amount up to EUR70m to various EU companies, operating in the gas and crude oil sector.
  • Advising an Israeli company in relation to a EUR13m loan transaction involving a Cyprus entity to be used as a special purpose vehicle, for the purposes of acquiring a portfolio of non-performing loans in Greece relating to the hotel and tourism industry.
  • Advised the lenders in a EUR100m financing to a Belgian-based software development business, and on the accession of a Cyprus entity as security provider.

A.G Erotocritou LLC

The 'very professional, dedicated and expert' team at A.G Erotocritou LLC is praised for its ‘broad and deep knowledge of national and international finance’. Practice head Alexis Erotocritou has extensive experience in advising on banking and finance transactions and security structures. The team regularly works with leading international law firms, large local and international corporations and banks. The group continues to advise on the restructuring of large groups of companies. Grigoris Sarlidis has a particular focus on financial services matters, and acts for large international banks, investment firms, asset managers, funds and other market participants in the space.

Practice head(s):

Alexis Erotocritou

Other key lawyers:

Grigoris Sarlidis; Maria Papatheodoulou; Dafni Loizou


‘The team has deep understanding of financial transactions and regulation, as well as commercial understanding of the related matters. Alexis Erotocritou is a brilliant lawyer, he is very commercially aware.’

‘Working on projects with A.G Erotocritou LLC has been great, they were always proactive with consultations and guidance. The team has highly qualified people that are efficient and pay attention to the small details. We felt it was part of our team and we had a great rapport with all their members.’

‘Grigoris Sarlidis -his knowledge of the legislation concerning the financial services has been a significant plus. He is exceptional in all aspects of legal advice and I always reach out when needed. He always finds the time and that was really appreciated.’

‘Clear advice in often a difficult jurisdiction to navigate. Accessible, and strong connection with a major law firm in the UK meant that advice was also coordinated for cross-border projects.’

‘Grigoris is outstanding for clear, pragmatic and precise advice. Compared to peers, he has good knowledge of his subject matter (cryptocurrencies and blockchain work) and does not then fill his advice with meaningless repetition of law/regulation. He cuts to the key issues that need answering, is clear about where the grey zones are, and offers practical risk adjusted advice on how to manage those issues.’

‘Alexis Erotocritou is exceptional to work with, as with his experience, expertise and highly professional way of leading projects it is of great reassurance to have him on board as an adviser. It is of great pleasure to work with Maria Papatheodoulou, as her in-depth knowledge and thorough work is of most support to our cases.’

‘Alexis Erotocritou – responsive, efficient, accommodating, pleasant to work with on a personal level. Grigoris Sarlidis – very punctual, efficient, able to work under pressure.’

‘Alexis Erotocritou has the ability to think outside the box. Together with his wide experience, and deep knowledge, is what every client would wish for. He and his exceptional team, all UK qualified lawyers, are most responsive and always have their clients best interests at heart. Dafni and Grigoris are equally excellent lawyers and professionals.’

Key clients


Cyprus Shipping Association


RPT Group


Skywell Capital Partners

Kuehne + Nagel

Grecian Group



Match Trade




Unicredit Bank

Ancora, sro

Equity – i

Orphanos Group



Kitendo Capital

Tactics Group

Kaleide Property Group


JD Sports

Pandomus Group

Aksioma Tech


Alter Domus

Work highlights

  • Advised on the local regulatory considerations pertaining to an investment in units of alternative investment funds, structured and facilitated through personal investment vehicles in Cyprus, worth more than EUR400m.
  • Advised one of the largest hotel groups on a global level on the acquisition of a hotel in Limassol, Cyprus.
  • Advised large banks, investment firms, assets managers, funds and other market participants in the financial services sector doing business in Cyprus on a range of banking and regulatory matters relating to financial services and products in Cyprus.

Chrysses Demetriades & Co Law Office

Spearheaded by Demosthenes Mavrellis, the nimble team at Chrysses Demetriades & Co Law Office fields expertise in syndicated lending, NPL recovery and securitisation matters, as well as advising on securities issuances and funds structuring. The group frequently represents leading local banks and other financial institutions in restructuring work, acquisition financings, and debt and asset swaps. Tech sector matters have been prominent in the department's workload, with the team advising on bitcoin mining matters. Michaela Hadjihambi is singled out for her contributions.

Practice head(s):

Demosthenes Mavrellis


Other key lawyers:

Michaela Hadjihambi; Christos Heracleous


‘Experienced team with good availability, commercial approach to issues, easy to work with.’

‘We have worked with Chrysses Demetriades on multiple occasions as local counsel in Cyprus and have had a consistent work product and experience with them. CDC were able to directly and adequately address all of the queries with appropriate management of client expectations. It was a pleasure working with them.’

‘Christos Heracleous is extremely responsive, in touch with market requirements and delivers consistently excellent and practical advice.’

‘This is a real boutique firm to combine such an essential knowledge of local and international capital markets, public company laws and experience with working with top international law firms, banks and underwriters. They fit our needs like a glove and we are very pleased with the quality of work undertaken by them for us.’

‘Demosthenes Mavrellis proves to be very efficient, knowledgeable and responsive to our needs. He possesses a vast array of capital markets and corporate expertise which makes him capable of answering more or less all our queries without a need to delegate them to anybody else which is quite convenient.’

‘Demosthenes’ team are very knowledgeable and efficient and it is a pleasure of working with them as well, especially with his right hand associate, Christos Heracleous, who is just brilliant too.’

Key clients

Bank of Cyprus PLC

Morgan Stanley LLC

Goldman Sachs Intl.

Piraeus Bank S.A

Alfa Bank S.A. (Athens)

Advent International

J.P. Morgan International

The Leptos Group

Howden Broking Group

Barclays Bank PLc

Nomura Singapore

BNP Paribas

Deutsche Bank


Steering Committee of Lenders to Interpipe



Work highlights

  • Advised BNP Paribas S.A., Axis Bank Limited, Deutsche Bank AG, Citibank N.A. and other lenders named in the Revolving Credit Facility Agreement on the reorganisation of the financing of a Cypriot group of companies, up to a total commitments of EUR375m.
  • Acted for various credit institutions in connection with a $750,000,000 notes issuance.
  • Acted for a consortium of banks in relation to the financing arrangements for a major mall in Cyprus.

Michael Kyprianou & Co. LLC

The agile team at Michael Kyprianou & Co. LLC is often involved in complex, cross-border financing transactions. Under the joint leadership of Tonia Antoniou and Lambros Soteriou, the group is adept at acting for borrowers, lenders and security providers, and often advises on multi-jurisdictional deals involving financing in multiple currencies. The diverse client base includes entities from the mining, energy, and shipping sectors. Ioanna Solomou and Lorena Charalambous, who fields expertise in handling international leveraged acquisition financings, asset-based financings, and trade financings, are key names in the department.

Practice head(s):

Tonia Antoniou; Lambros Soteriou

Other key lawyers:

Lorena Charalambous; Ioanna Solomou

Key clients

KfW IPEX-Bank GmbH

Raiffeisen Bank S.A. and other syndicated lenders


Trans Atlantic Shipmanagement Inc.

Work highlights

  • Advised Green Shipping Fund on a re-financing of a facility of Eureka Shipping Group, a major shipping group involved in bulk cargo and cement transportation.


The team at STELIOS AMERICANOS & CO LLC continues to handle a significant volume of high-value cross-border transactions. The group has a wealth of experience in advising on acquisition and project financings, in addition to assisting with refinancings, real estate financings and syndicated and bilateral lending. Under the leadership of Stelios Americanos and Despina Americanou, the department acts for an established client base of local and international commercial and investment banks, international finance organisations, investment funds, governmental institutions and corporate borrowers. Large restructurings and re-financings concerning the acquisition of distressed assets have been prominent in the group’s workload. Senior associate Olga Petrova is a name to note.

Practice head(s):

Stelios Americanos; Despina Americanou

Other key lawyers:

Michalis Zambyrinis; Olga Petrova


‘The best Cypriot law firm in terms of banking and finance. Very experienced and responsive team who can navigate you properly through Cypriot law specifics.’

‘Despina Americanou is excellent and business oriented lawyer.’

‘Stelios Americanos have showed themselves as a highly client oriented and experienced team with  premium quality expertise in the field. We always get from them high quality and professional advice.’

‘They use a collaborative and dedicated approach in fulfilment of our tasks and requests. They show deep understanding and insight in doing their work.’

‘Michalis Zambyrinis and Olga Petrova are experienced and skilful professionals with a high level of collaboration and positive, patient and constructive approach. They are able to give excellent advice and are very reliable and dedicated lawyers.’

Key clients

Hines International Fund Management Company S.A.R.L

Raifessen Bank SA

ING Bank NV Amsterdam – Bucharest Branch


Unicredit Bank Srbija A.D. Beograd

Safe Growth Investments AIFLNP V.C.I.C Ltd

Banque de Commerce &Amp; de Placements

Potegowo Mashav Sp. zoo

A.P. Moller -Maersk A/S

Work highlights

  • Advised the European Bank for Reconstruction and Development on a senior secured financing of the 258.9MW Potegowo South wind farm in Poland.
  • Advised a number of financial institutions on a EUR140m loan to a Serbian SPV for the development of a wind farm in Serbia.

Alexandros Economou LLC

Alexandros Economou heads up the excellent team at Alexandros Economou LLC, is regularly instructed by banks, financial institutions, and international groups of companies. The group is also sought after by international law firms to act as local counsel on financings and re-financings; shipping finance is a recognised area of strength for the department. The team is adept at representing lenders and borrowers in mandates. Senior associate Maria Katsikidou and associate Electra Theodorou, who is registered with the Cyprus Securities and Exchange Commission, are key names to note.

Practice head(s):

Alexandros Economou

Other key lawyers:

Electra Theodorou; Maria Katsikidou


‘The team is very reliable, responsive and always able to deliver professional output on time. It is always pleasure to cooperate with this team.’

‘Electra Theodorou is an excellent professional with a personal approach.’

‘They are always available to attend any task that they are assigned to, with the requisite professionalism and legal knowledge.’

‘What make Alexandros, Maria and Electra stand out is that they are problem solvers! They will always go one step further for their clients. Their team spirit in combination with their experience bring always the best results.’

‘Maria Katsikidou and Electra Theodorou are hands on with our financings and refinancings, all the while providing the maximum protection for us in respect of securities/collaterals.’

‘They have a strong team with excellent client service.’

‘Alexandros Economou and Electra Theodorou are both excellent.’

Key clients

A Slovak group of companies

Theova UHS Enterprise Solutions Ltd

A major real estate investment group in Romania

Dufry Group

Tatra Banka, a.s.

Penta Group


Kinross Gold Corporation

A major real estate investment group in Greece

Work highlights

  • Advised a major Slovak group of companies on a multimillion financing and related group restructuring.
  • Advised a major international bank on a multi-million financing and refinancing of a Cyprus real estate group with foreign interests.
  • Advised a major international healthcare and pharmaceuticals group on a multi-million financing and related securities.

Athos Demetriou Associates LLC

Athos Demetriou Associates LLC is jointly led by Athos Demetriou and Anna Skouri; the talented team has an excellent reputation for handling complex local and international banking and finance matters. Asset financing transactions, anti-money laundering matters and debt restructuring mandates are key areas of instruction for the group, which regularly acts for local investment firms, international law firms and alternative investment funds. The firm has also been appointed by the Cyprus Securities and Exchange Commission as the legal advisor to the Investors Compensation Fund.

Practice head(s):

Athos Demetriou; Anna Skouri

Other key lawyers:

Marilena Michaelidou


‘Athos and Anna are professional, prompt, kind and helpful. They provide fast returns and good work.’

Marilena Michaelidou and Anna Skouri – very responsive, great cooperation.’

‘Athos is knowledgeable, pragmatic and businesslike. He provides workable solutions that go beyond a simple ‘legal’ remit.’

‘The team possesses deep knowhow and expertise in banking and finance issues. They also possess a very good understanding of the business of various firms in the industry in a way which allows them to provide solutions appropriate for clients.’

‘Analytical and strategic thinking, attention to detail, understanding of risks and ability to provide solutions and identify issues. The managing partner Athos Demetriou exhibits innovation and creativity during the provision of legal services.’

Key clients

European Bank for Reconstruction and Development

Asian Development Bank

Allen & Overy (Czech Republic) LLP

Allen & Overy (Warsaw) LLP

Asters Law

Electric Networks of Armenia CJSC

Mashav Energia

Elgan Automotive Group

Tech Con Group of Companies

K. Treppides & Co Ltd

FxPro Financial Services Ltd


Alter Domus Luxemburg

Allen & Overy (South Africa) LLP



Latomia Pharmakas PLC

International Finance Corporation

Norton Rose Fulbright LLP

Black Sea Trade & Development Bank

Fortuna Entertainment Group N.V.

Fameline Holding Group

Meteor Motortech Kereskedelmi Kft.

Automation Yeruham & co ltd

LBF Partners


Integrated Casino Resort Cyprus Limited


Work highlights

  • Engaged by the client to advise on an amendment to a EUR 470m credit facility between multiple entities.
  • Instructed by a client to act as Cypriot legal counsel to the International Finance Incorporation in relation to a loan facility transaction.
  • Acting as Cyprus legal advisors to the client in connection with a financing transaction of EUR25m.

Michael Damianos & Co LLC

The ‘responsive’ team at Michael Damianos & Co LLC is lauded for its ‘deep knowledge in local law’. Under the leadership of Michael Damianos, the group regularly advises on asset and acquisition financing, as well as debt restructuring, corporate financing and real estate financing. The bulk of the team's workload stems from referrals from international law firms, however the department has established capabilities in assisting local clients with a broad range of banking and finance work. The practice has been kept busy recently acting for clients in the technology sector, as well as advising on Islamic finance matters.

Practice head(s):

Michael Damianos

Other key lawyers:

Christina Charalambidou


‘An excellent, focused firm. Business minded. Cost efficient. Gets the job done well.’

Delivers an excellent partner led service.’

‘Diligent and easy to work with and quick responders. Michael is very knowledgeable and a great transaction lawyer.’

‘Professional and knowledgeable team with practical approach and high-quality advice, easy to work with.’

‘Christina Charalambidou is reliable, responsive, kind and pleasant to work with.’

Michael Damianos is a highly knowledgeable and practical lawyer with good understanding of local practices.’

‘Easy and very pleasant to cooperate with; significant expertise on the local market.’

‘The lawyers are very responsive and their expertise covers a wide range of offerings. I find there is always someone on the team who is able to cater to my requirements within varied areas of law.’

Mouaimis & Mouaimis LLC

At Mouaimis & Mouaimis LLC, the team has a solid track record in acting as Cypriot legal counsel in relation to international, bilateral and syndicated financings, project financings and corporate reorganisations. The client base includes international banks and financial institutions, multinational companies and international groups of investors. Michalis Mouaimis and Andriani Mouaimi are the practice heads.

Practice head(s):

Michalis Mouaimis; Andriani Mouaimi

Key clients

Dun and Bradstreet

McCormick & Company, Inc.

Bayer Middle East FZE

Tibco Software Inc.

International Finance Corporation

PJSC Myronivsky Hliboproduct / MHP SE

Wallem Group Limited

European Bank for Reconstruction and Development

Work highlights

  • Advised a collateral agent for financing institutions on an amendment to a financing agreement, provided to a multinational group of companies.
  • Advised a Cyprus holding company of a large agricultural group on a loan agreement provided by an international financial institution, involving the provision of a guarantee by the Cyprus holding company of the group.
  • Acted as Cyprus counsel to a global ship management group, in relation to an amendment of a credit facility agreement involving a provision of security by the Cyprus holding companies of the group.

AGPLAW | A.G. Paphitis & Co. LLC

The versatile team at AGPLAW | A.G. Paphitis & Co. LLC handles a wide spectrum of banking and finance, regulatory and fintech transactions. The group continues to advise on the restructuring and insolvencies of international groups of companies, as well as on financial regulations and compliance issues. The practice is well-equipped to assist with compliance matters in the fintech sector. Angelos Paphitis and Michael Alexandrou are the practice heads.

Practice head(s):

Angelos Paphitis; Michael Alexandrou

Other key lawyers:

George Tashev


‘George Tashev was highly responsive to our requests for advice.’

‘Their banking and finance practice is one of the best in Cyprus in my opinion.’

‘Angelos Paphitis is a strong character with an incredible high level of knowledge when it comes to banking and finance laws.’

‘This law firm is really specialised in banking and finance, not only on legal terms but also on regulatory aspects.’

Key clients



IUX Markets

TZ Capital Partners LTD

Bonofa LTD


Twiline Commercial LTD

VS Energy Ltd

Finery Markets Ltd

Giambrone Law Firm (UK)

Work highlights

  • Engaged to advise on a client’s company’s voluntary liquidation, and the firm was appointed as liquidators.
  • Engaged by its client to handle the restructuring of the group of companies as a result of the liquidation of another subsidiary company, for which it also acted as liquidators.

Deloitte Legal | Hadjianastassiou, Ioannides LLC

The 'exceptional' team at Deloitte Legal | Hadjianastassiou, Ioannides LLC is ‘always able to provide quality advice’. The group continues to act as both leading and local counsel on major multi-jurisdictional financing transactions. The team is also adept at handling the full spectrum of financial regulatory matters. Other key areas of instruction include handling the due diligence aspects of loan portfolio acquisitions. Andreas Thoma and financial services expert Calliopi Nicolaidou co-head the practice; Natalie Sepou is a key practitioner in the group.

Practice head(s):

Andreas Thoma; Calliopi Nicolaidou

Other key lawyers:

Natalie Sepou; Kypros Ioannides; Athina Patera


‘Andreas Thoma is a very competent transactional lawyer capable of handing sophisticated matters.’

‘The practice is managed by two young professionals who are dynamic and hands on in their approach. They engage directly with their clients and oversee the work produced by their team. This gives comfort to clients that they are not being managed by junior staff but have the full support of the team.’

‘ I have dealt with Natalie Sepou who was very responsive to emails and had valuable insights and comments.’

‘Andreas Thoma and his team are really fantastic lawyers, providing the assistance the clients need. He is always available, answering fast to all queries you may have.’

‘The team of Andreas Thoma is experienced, diligent and solution orientated. They were able to advise on complex issues and suggest innovative approaches. The client was very positive about their input under Cyprus law.’

‘Andreas Thoma is an excellent leader, focused on best clients’ results. Calliopi Nicolaidou is a bright professional, reliable and responsive.’

‘Calliopi Nicolaidou has high expertise in the banking and financial sector and in depth legal knowledge; Calliopi also leads an excellent team.’

‘Very organised way of working, providing detailed explanations of their work and conforming to deadlines. In addition they can comfortably and optimally work alongside with counterparty legal firms.’

Key clients

Ancoria Bank

Astro Bank Ltd

Bank of Cyprus Public Company Limited

Bank of Scotland plc/ Lloyds Banking Group

Citibank Group

CSC Europe Limited

Eurobank (Cyprus) Ltd

Housing Finance Corporation

Komercni banka a.s.

PPF Banka a.s

Work highlights

  • Advising a Cypriot credit institution on its advanced separability analysis requested by the Central Bank of Cyprus (CBC) in line with the Working Priorities for 2023 set by the Central Bank of Cyprus.
  • Acting as legal members of the temporary administrator team appointed under article 30E of the Business of Credit Institutions law in connection to a local systemic credit institution surrendering its banking licence in Cyprus.
  • Advising a Cyprus company as borrower in relation to the financing provided by Bank of Cyprus Public Company Ltd for the acquisition of Aretaeion Private Hospital, one of the largest private hospitals in Cyprus.

Harris Kyriakides

Harris Kyriakides' team stands out as 'experienced' and 'well-organised', with 'a professional attitude'. The banking and finance practice is very well versed in handling a broad range of matters, from corporate finance and regulatory compliance issues, to lending transactions and dispute resolution, as well as handling issues relating to non-performing loans. National and international banks, credit acquiring companies and financial institutions are included in the department's client roster. The practice is led by the triumvirate of Nicolas KyriakidesPhivos Zomenis, and Georgina Athanasiou.

Practice head(s):

Nicolas Kyriakides; Georgina Athanasiou; Phivos Zomenis

Other key lawyers:

Margarita Avraam; Michael Kyriakides


‘People at Harris Kyriakides’ law office are very helpful and willing to assist you promptly on whatever request you have. They have great knowledge of their subject and the pricing of the company is very competitive compared to other law offices.’

‘Margarita Avraam is an exceptional lawyer at Harris Kyriakides’ law office. She is very helpful and her responses are delivered to the point, accurately and well documented.’

‘They are committed to what they do, they study their cases well and seek information and consultation with us when the case is outside of normal circumstances. They have accumulated experience and were successful in all the cases they represented us.’

‘True professionals both in their knowledge and behaviour, standing by their customers and exhibiting high level of ethical practice.’

‘Georgina Athanasiou and Margarita Avraam are efficient. Phivos Zomenis has valuable experience as he used to be a judge.’

‘Very diversified team with in depth knowledge.

‘The banking team of Harris Kyriakides is extraordinarily professional. They are very well aware of recent developments in the law,  always proactive and ahead of anything else I have seen in the market. They also organise conferences and seminars discussing new developments in banking law and they are instrumental in the production of case law in Cyprus in the area of banking.’

‘Nicolas Kyriakides and Georgina Athanasiou are amazing professionals, very responsive and always well documented and to the point.’

Key clients

Gordian Holdings Limited

Single Resolution Board

Eurobank EFG Cyprus Ltd

Themis Portfolio Management Limited

Bank of Cyprus Public Company Limited

Hellenic Bank Public Company Ltd


The ‘accessible and practical’ team at KINANIS LLC is co-led by Christos Kinanis and Andri Michael. The practice is sought after by alternative investment funds, and is also instructed by international lenders, credit institutions, borrowers and shareholders in banking and finance matters. The group also garners praise for its experience in blockchain technology, and is adept at advising on the payment services regulatory framework in Cyprus.

Practice head(s):

Christos Kinanis; Andri Michael

Other key lawyers:

Savvina Miltiadou


‘First and foremost the team consists of very professional individuals. Over the years the team has built a strong network with numerous financial institutions and they provide prompt and accurate banking solutions as well as mediation services.’

‘Kinanis LLC’s Banking team is outstanding. Their dedication and skill in dealing with banking institutions results in swift and problem free banking operations for our group. Always proactive and solution orientated.’

‘The banking department of KLLC is outstanding, mostly due to the very capable people who are always very eager to assist us, as their knowledge and expertise in the banking sector is exceptional’.

‘Their detail-oriented approach is proof of their professionalism and excellence, always delivering in a timely manner.’

‘The Kinanis LLC team is assiduous, innovative and forward-looking. We are very pleased with our ongoing collaboration. The team’s keen interest and knowledge on emergent tech in general and blockchain technologies in particular, constitutes a competitive advantage over other law firms in Cyprus.’

‘Our overall experience with the team has been stellar. Their expert opinion is succinct and underpinned by extensive legal knowledge.’ 

‘Their accommodating and proactive approach makes one feel comfortable to engage them on matters related to regulatory compliance of financial services.’

‘Personal and direct access to partners and junior lawyers and other team members, straightforward advice and quick implementation.’

Key clients

EOS Multi-Strategy Fund AIFLNP V.C.I.C. Ltd


Vonpende Holdings PLC

Athena Capital Partners

Chenor AG

Aude FM Limited


Energy Transition Tech Fund RAIF V.C.I.C. Ltd

FinHub Cyprus


KOUKOUNIS, KARAOLIS LLC | LAW FIRM MEMBER OF THE EY GLOBAL NETWORK (formerly known as Prountzos & Prountzos) houses a banking team led by Andria Koukounis. Koukounis has a solid track record in handling project financing, secured lending, debt recovery and NPL matters. The client base includes financial institutions and large corporations. Charalambos Prountzos recently left the firm.

Practice head(s):

Andria Koukounis


‘The direct involvement of one of the key partners of the firm, Andria Koukounis, with the handling of any significant issues, coupled with her expertise in the areas of their engagement makes them stand out among our associates.’

‘A very well tuned team. A law firm setting the optimum business solution at the core of its deliverables.’

‘Andria Koukounis is renowned for her strong technical skills in banking and finance.’

Key clients

Novotech SG Holdings PTE Limited

FTMO s.r.o.

CDJ Social Stocks Ltd

Hoist Finance Cyprus Ltd

Ecommbx Limited

Themis Portfolio Management Holdings Limited

Global Balanced Fund of Funds Salamis Variable Capital Investment Company PLC

Cyprus Ministry of Finance (in collaboration with the office of the State Aid Commissioner, and funded by the EU Commission – DG Reform)

Cyprus Department of Land and Surveys (in collaboration with the European Commission)

Cyprus Securities and Exchange Commission

Work highlights

  • Advised Hoist Finance Cyprus Ltd, a subsidiary of an internationally renowned financial services provider specialising in the acquisition and management of non-performing and performing loans, on obtaining a licence from the Central Bank of Cyprus (“CBC”) as a credit servicer.
  • Advised CDJ Social Stocks Ltd on successfully obtaining from the Cyprus Securities and Exchange Commission a licence as a Cyprus Investment Firm (CIF).


Under the collective leadership of Melina Pyrgou, Demetris Vakis and Georgia Papa, the skilled team at PYRGOU VAKIS LAW FIRM fields expertise in a broad range of banking and finance matters, such as debt restructurings and project financing deals. Contentious banking matters are also prominent in the group's workload, and the department is frequently instructed by Cypriot and international companies on multijurisdictional matters.

Practice head(s):

Melina Pyrgou; Demetris Vakis; Georgia Papa


‘The team is always available to assist with any request, and collaborates with us to achieve the best result efficiently and effectively. The expert knowledge of the team is always clearly evident, and prompt responses to our requests is a stand out.’

‘The staff of Pyrgou Vakis is always extremely professional, with a happy-to-help and practical approach. Demetris Vakis has been our lawyer for many years now and his expertise and personal dedication is highly valuable to the team.’

‘The team is very helpful and reacts quickly to all the requests.’

‘Very welcoming and high professionalism.’

Professionalism, experience and complete understanding of the law and its fundamental requirements.’

Melina Pyrgou – leads by example. Demetris Vakis – legal encyclopaedia.’

Work highlights

  • Advised a client on a security release matter in relation to a complex corporate structure with multiple corporate financing and security agreements.
  • Advising a client in relation to a letter of release for the collateral arising from a Credit Agreement, a Pledge Agreement and a Subsidiary Guarantee Agreement.

Andreas Coucounis & Co LLC

Led by Dimitria Coucouni, the banking and finance department at Andreas Coucounis & Co LLC has an extensive track record in advising on contentious banking matters and representing foreign investors in cases brought against FOREX companies in Cyprus. Additionally, the group assists national and international commercial investment banks, security providers and corporate borrowers with loans and security transactions.

Practice head(s):

Dimitria Coucouni Andreou

Other key lawyers:

Tasos Coucounis; Alexandros Coucounis


‘The key strengths of the team are punctuality, speed and extreme diligence on the handling of assigned cases.’

‘The key partners personally handle all important cases, ensuring that they are handled in the best possible ways as to safeguard the interests of their clients.’

‘Tasos Coucounis and  Alexandros Coucounis are highly qualified professionals that maintain direct contact with their clients as to ensure the best possible service.’

Key clients









Work highlights

  • Retained by Equiti Group Ltd to advise on Cyprus Securities and Exchange Commission regulatory and licencing matters and various agreements.
  • Advised Matheson LLC on Cypriot legal aspects pertaining to an insurance portfolio transfer.

Antoniou McCollum & Co. LLC

Under the joint leadership of Christina McCollum  and Anastasios A. Antoniou, the banking and finance team at Antoniou McCollum & Co. LLC has a solid track record in advising foreign banks on local banking matters, as well as assisting with credit facility issues, non-performing loans and financial regulatory work.

Practice head(s):

Christina McCollum; Anastasios A. Antoniou

Key clients




Tufton Oceanic

GO plc

BRP Group

Work highlights

  • Acting for Cablenet Communication Systems in its public financing through a successful EUR40m public bond issuance.
  • Advising Tufton Oceanic on a secured finance transaction.


Alexandros Tsirides and Photini Tsirides co-head the 'extremely knowledgeable and always professional' team at COSTAS TSIRIDES & CO LLC. The practice counts credit institutions, individuals, local and international businesses and banks as key clients, and has expertise in advising on loans, mortgages and assignment agreements in the financial space. The group is also noted for its strength in handling instructions from clients in the real estate sector.

Practice head(s):

Alexandros Tsirides; Photini Tsirides

Other key lawyers:

Aristiana Stylianou; Irina Loutchina


‘Fast and high quality of the services provided. Irina Loutchina is a reliable business partner you can always count on.’

‘We work with Alexandros Tsirides. He does not simply know the law and how to apply it but he also knows the rational and intention of legislation as he participates in several committees of the Cyprus Bar Association. He is very practical, quick, to the point and reliable. We definitely recommend him.’

‘High end legal service providers in Banking & Finance concerning Cyprus Law matters. Excellent collaboration with Alexandros Tsiridis and Aristiana Stylianou.’

‘High level of competence and expertise while also fully committed to their projects.’

‘Honest professionals with deep knowledge of current legislation.’

‘Alexandros Tsirides – knowledgeable and honest – specialised in commercial, banking and corporate law. Photini Tsirides – great professional with good network for effective implementation of shipping and banking requests.’ 

‘Costas Tsirides & Co LLC are able to provide high quality services in a limited time. They have proved to be highly experienced and client oriented.’

Georgiades & Pelides

At Georgiades & Pelides, the practice has solid expertise in all aspects of banking law. The team is often instructed in secured commercial lending transactions, project financing, corporate financing and matters concerning the enforcement and realisation of securities. Led by Marcos Georgiades, the group has also been kept busy assisting with leasing and hire purchase agreements, in addition to advising on regulatory issues.

Practice head(s):

Marcos Georgiades

Other key lawyers:

Marios Pelides; Dominique Pelides


‘They are very sophisticated, efficient and responsive.’

‘They are very business oriented and constructive.’

‘Practical, insightful advice. I wouldn’t go anywhere else.’

‘Marios Pelides is an exceptional lawyer and strategic thinker.’

‘Dominique Pelides has a dynamic approach and strong intellect.’

‘The practice always involves the best partner for every case.’

‘Very good professionals and great people. Industry experts.’

Key clients

Hellenic Bank Public Company Limited

Cyprus Development Bank

Palta Ltd


ISX Financial

Themis Portfolio Management

Standard Chartered Bank

European Investment Bank


Work highlights

  • Advised Hellenic Bank Public Company Limited, the second largest bank in Cyprus, on the sale and subsequent securitisation of a portfolio of EUR1.4bn non-performing exposures and the sale of the bank’s debt servicing platform, APS Debt Servicing Cyprus Limited, to PIMCO.
  • Advised the Cyprus Development Bank (CDB) on the MREL eligibility of certain lending arrangements entered into between CDB and the European Investment Bank, as well as a potential issuance of notes by CDB.
  • Advised Hellenic Bank Public Company Limited on the acquisition from RCB Bank Ltd of a portfolio of performing loans with an aggregate value of EUR 556m, related funds on the accounts of the corresponding borrowers and related off-balance sheet obligations.

K. Argyridou & Associates LLC

Karolina Argyridou heads up the department at K. Argyridou & Associates LLC, which provides an 'efficient service', 'great quality work' and 'top-notch legal advice'. The client base includes large financial institutions in Cyprus and international banks, and the team's workload includes bond issuances, acquisition financing, CapEx financing, restructurings and cross-border financing arrangements. Prodromos Epifaniou is a name to note.

Practice head(s):

Karolina Argyridou

Other key lawyers:

Prodromos Epifaniou


‘A very good and responsive firm. Knowledgeable and experienced in all areas of the law which capture a financial institution’s business. Karolina Argyridou is hands on! She is readily available, patient and polite at all times with her clients, and offers creative and practical solutions to issues.’

‘Karolina Argyridou is a hard working and knowledgeable person. She can perform under stress in a very efficient and professional manner.’

‘Karolina Argyridou stands out for her knowledge and excellent collaboration, always willing to address problems immediately. She inspires trust and keeps communication flowing. Overall, the staff, with their skills and ability to keep up with changes in the legal world, are a force to be reckoned with in the legal sector.’

‘The firm provides excellent local law advice and is a pleasure to work with. All lawyers I have worked with are approachable and responsive. Karolina Argyridou is a great lawyer to work with and has always delivered on the deals we worked on.’

‘Karolina Argyridou is an amazing professional with great knowledge of the legal framework in relation to debt restructurings, syndicated lending, forced sale of distressed assets.’

‘The firm often takes on complex engagements with major Cypriot banks. More recently the firm has become prominent as a go to adviser for Greek banks on selected financing projects. The team members are highly professional and friendly with a dedicated focus on efficient client service. ’

‘Karolina Argyridou, the firm’s managing partner, is impressive in her collaborative approach and knowledge.’

‘Karolina Argyridou has always been very well prepared and responsive. She is a very diligent and very experienced in finance matters.’

Montanios & Montanios LLC

The ‘very knowledgeable’ and ‘responsive’ team at Montanios & Montanios LLC acts for some of the leading name in the financial services space. Under the leadership of Acis Montanios and Adam Montanios, the group advises on high-value transactions, often with cross-border elements, and is regularly instructed by international law firms to act as local counsel. The practice is noted for its particular expertise in transport asset finance work, and often works alongside the firm's shipping department.

Practice head(s):

Acis Montanios; Adam Montanios

Other key lawyers:

Maria Toumazi; Anna-Maria Leotsakou


‘Professionalism and efficiency, fast responses with immediate actions taken. Maria Toumazi is our main contact providing outstanding quality of service.’

‘The team includes real experts with significant experience on the subject. They are leaders rather than followers of the industry, rendering them a unique firm to do business with.’

‘Deep knowledge of the most complicated matters with a commercial approach that provides solutions in every problem. Instant responsiveness with a high degree of responsibility.’

‘It seems like they are well coordinated and can cooperate to give the best service to their clients. Great understanding of the shipping industry and what is required.’

‘Efficient and understands the task/request quickly. Provides spot on advice without lengthy explanations.’

‘Montanios & Montanios LLC is highly knowledgeable and has broad experience in banking and finance, in particular, in ship finance projects. The team is well-supported and highly responsive. They are always able to provide timely and concise advice which facilitates the progression of the projects.’

‘Anna-Maria Leotsakou is a pleasure to work with. She is proactive, knowledgeable and has good commercial sense. She provides clear and practical legal advice on shipping matters and is always our to-go Cypriot counsel. ’

‘The level of advice is consistently at a high quality. Expectations have always been met. It is a pleasure working with Maria Toumazi. Know-how, efficiency and availability stand-out. Highly recommended.’

Key clients

Abn Amro Bank N.V.

Aegean Baltic Bank S.A.

Astrobank Public Company Limited

Banco Santander, S.A.

Bank of Cyprus Public Company Limited

Credit Agricole Corporate and Investment Bank

Eurobank Cyprus Ltd

Hellenic Bank Public Company Ltd

National Bank Greece S.A.

Work highlights

  • Acting for a well-known bank on a $740m loan granted to foreign companies and secured by a Cypriot parent company guarantee and other security documents.
  • Advising a foreign bank on the amendment and restatement of a $375m loan, where an additional borrower was added and the ownership of a drilling rig was transferred in the name of the new borrower.
  • Advising a client on the purchase and financing of two liquified gas carriers under a sale and leaseback transaction.

Soteris Pittas & Co L.L.C

The team at Soteris Pittas & Co L.L.C is sought after by individuals and companies to advise on financing transactions, and the group has a solid track record in assisting with freezing injunctions, receiverships and Norwich Pharmacal orders within the context of civil actions. In addition, the department is well versed in making applications for the registration of foreign awards. Soteris Pittas heads up the practice.

Practice head(s):

Soteris Pittas

Other key lawyers:

Anna Lamprou; Kyriakos Pittas; Christodoulos Neofytou; Alexandros Mavrommatis; Thea Pitta


‘A very solid and client-oriented team with vast experience in representing and advising clients on matters of banking and finance as well as for representing clients in cross-border disputes involving aspects of banking and finance.’

‘The team has in-depth knowledge and dedicates itself to achieving results for its clients while being efficient and cost-sensitive.’

‘The managing partner Soteris Pittas is among the most experienced cross-border banking and finance litigation lawyers in Cyprus. He is a proactive and strategic thinker and always provides solid and innovative solutions on complex matters.’

‘Anna Lamprou is a strong litigator with solid drafting and presentation skills, with experience in disputes involving banking and finance issues. Kyriakos Pittas is a creative thinker and exhibits solid commercial awareness and understanding.

Other members of the team with whom we have worked with include Christodoulos Neofytou,  Alexandros Mavrommatis and the legal consultant Thea Pitta who are well-versed in matters of civil court procedures, and exhibit drive, enthusiasm, professionalism and availability.

‘Soteris Pittas and Co LLC is a unique place, dedicated to clients and their issues. Their team is highly experienced, with a track record of success in providing specialised legal services. They have a client-centric approach to problem-solving, and their communication style is clear and collaborative.’

‘Soteris Pittas and Co is a highly experienced legal team that specialises in providing exceptional legal services.’

‘The team is very responsive and highly professional. Soteris Pittas and Kyriakos Pittas are always ready to explain legal aspects in a comprehensive way to a person from another jurisdiction.’

Key clients

Bryan Cave Leighton Paisner LLP

Quinn Emanuel Urquhart & Sullivan, LLP, London

Steptoe & Johnson LLP (London)

Field Fisher LLP

PCB Litigation LLP

Reed Smith (Athens)

AquaSol Hotels Group

Finstella Ltd

Work highlights

  • Acting on behalf of a large Cypriot hotelier group in defending numerous actions filed by Cypriot Banks to enforce mortgage and floating charges regarding debts of EUR250m, relating to numerous hotels owned by the client and challenging the appointment of receiver.

Tornaritis Law Firm

Tornaritis Law Firm houses ‘an impressive team of legal professionals with deep expertise in the field‘. The team stands out as ‘well-versed in a wide range of financial matters, including banking regulations, lending, project finance, and securities‘. The versatile group has a solid track record in advising on major financial deals and commercial loans. Regulatory and compliance work is another key area of instruction. Additionally, the firm is noted for holding a specialist licence from the Cyprus Stock Exchange as a Nominated Advisor for the Cyprus Stock Exchange Emerging Companies Market. The practice is collectively led by Criton Tornaritis, Alexandros Alexandrou and Marios Panayiotou.

Practice head(s):

Criton Tornaritis; Alexandros Alexandrou; Marios Panayiotou

Other key lawyers:

Charalambos Artemis


‘The team has a strong academic background and solid professional experience in the banking and finance field. They are always available to meet to discuss your problems and propose solutions.’ 

‘The practice boasts an impressive team of legal professionals with deep expertise in the field. Their attorneys are well-versed in a wide range of financial matters, including banking regulations, lending, project finance, and securities. This depth of knowledge is a significant strength that sets them apart from other firms.’

‘The practice is distinguished by its exceptional team, client-centric approach, innovative use of technology, collaborative culture and transparent billing practices. These qualities make it a standout choice for clients seeking expert legal counsel in the banking and finance sector.’

Key clients

AstroBank Public Company Limited

Trust International Insurance Company Limited

Commercial Union Insurance

Cyprus Popular Bank Public Co Ltd in Liquidation

Hellenic Bank Public Company Ltd

Lakatamia Municipality

BDO Cyprus (Insolvency & Restructuring)

Quantuma UK & Cyprus

Fidescorp Limited

LRC UK Group

Ellinas Finance Public Company Ltd

WTE Wassertechnik GmbH

Nest Investments Holdings (Cyprus) Ltd



L.B. Landbank Properties Constultants Ltd

Animalia Genetics Limited (in Administration)

QQuant Master Servicer Cyprus Limited

VERTA Insurance &Amp; Reinsurance Brokers (Cyprus) Limited

BookieCo Betting Stores Ltd

Exclusive Change Capital Limited