Hall Of Fame

Firms To Watch: Banking and finance

The ‘strong, proactive and commercial team’ at Antoniou McCollum & Co. LLC is co-led by Christina McCollum  who is ‘always available and prompt to respond’ and Anastasios A. Antoniou  who is praised for his ‘clarity of thought’.
Marcos Georgiades and Marios Pelides co-lead the team at Georgiades & Pelides which handles an array of secured commercial lending, project and corporate financing, as well as issues relating to the enforcement and realisation of securities and other regulatory issues.
K. Argyridou & Associates LLC fields a team of ‘hard workers who are consistently available to assist and who provide insightful and commercially sensible solutions‘. The ‘very knowledgeableKarolina Argyridou heads the practice.
Pittas + Koullouros LLC fields a team which ‘excels as a result of the key individuals having prior experience in the London market, meaning they know how to deliver timely, precise and concise advice’. Stelios Pittas  and Panayiotis Koullouros co-head the practice.

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 team at Antis Triantafyllides & Sons LLC handles many complex and high-value financing and refinancing transactions, both secured and unsecured. It excels in areas as diverse as project financing, syndicated, subordinated and mezzanine financing. The team, with Stelios Triantafyllides, at the helm advises numerous high-profile international lenders, arrangers and facility agents as well as borrowers, guarantors and security providers. It has recently been involved in some large-scale restructuring work and has advised on several non-performing loan portfolio sales and participation transactions. Senior managing associate Marios Hadjigavriel  is also a regular advisor to major financial institutions and large corporate groups. Christiana Vassiliou Miliou has advised on a substantial number of complex financings and restructurings. James West  is another key member of the department.

Practice head(s):

Stelios Triantafyllides


Other key lawyers:

Marios Hadjigavriel; Christiana Vassiliou Miliou; James West


Key clients

APS Debt Servicing Cyprus Ltd


AstroBank


Bank of Cyprus Public Company Ltd


Credit Suisse


Deutsche Bank


European Bank for Reconstruction and Development


Goldman Sachs


Hellenic Bank Public Company Ltd


Work highlights


  • Acting as legal advisor on behalf of Cerberus European Investments LLC for the acquisition of a non-performing loan portfolio from Alpha Bank Cyprus.
  • Advised Avia Solutions Group in connection with an Offer to Purchase whereby ASG Finance Designated Activity Company announced its invitation to eligible holders of certain outstanding guaranteed notes to tender their notes for purchase for cash.
  • Appointed by the Central Bank (the banking regulator in Cyprus and a member of the Eurosystem) to provide legal advice on banking, competition law and regulatory matters with respect to a tender procedure that would be initiated by the Central Bank.

Chrysostomides Advocates & Legal Consultants

Spearheaded by Chryso Pitsilli-Dekatris the excellent team at Chrysostomides Advocates & Legal Consultants regularly works as local counsel for international banking institutions on multi-jurisdictional financing transactions; it is skilled at handling syndicated project financings and refinancings and has been increasingly working on the financing aspects of energy projects, particularly renewable energy projects, and in the fintech sector. The group is adept too at advising credit institutions on regulatory and compliance matters, as well as on various contentious issues. Anna Rossides has advised major international banks, as well as syndicates of banks, on a number of multi-million financing transactions. Pavlos Symeonides  has considerable experience in all aspects of banking and secured financing.

Practice head(s):

Chryso Pitsilli-Dekatris


Other key lawyers:

Pavlos Symeonides; Anna Rossides


Testimonials

‘The service of the team is extremely high, requests are fulfilled quickly and accurately’.

‘They understand complex matters that require great attention, and they also pay attention to detail. Deadlines are always met, there are no delays, and the administration is accurate’.

‘Very responsive and proactive in chasing up. Good value and pragmatic on deals’.

‘Pavlos Symeonides leads his team with class and authority’.

Key clients

Banque Internationale à Luxembourg S.A


Endo International PLC


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)


ABN AMRO Bank N.V


J&T Banka, a.s.


Banque Cantonale de Geneve


Astrobank Public Company Limited


Barclays Bank PLC


Banque Internationale à Luxembourg (Suisse) SA


Work highlights


  • Engaged to act as Cypriot counsel to United Medical Group CY PLC in relation to the initial public offering of up to 40m GDRs, by selling shareholders, valued at $500m.
  • Represented and advised Endo International PLC on Cyprus law matters in the context of a multi-billion dollar internal reorganisation.
  • Advised a number of major multinational banks on separate occasions concerning the financing of Gunvor, a global commodity trading group of companies. The values of these transactions ranged between several hundred million to over $ 1bn.

Elias Neocleous & Co LLC

The ‘creative, innovative and very client-orientated’ team at Elias Neocleous & Co LLC has Demetris Roti at the helm. The ‘very professional’ practice remains a firm of choice for numerous international law firms, leading Cypriot banks and financial institutions, as well as international banks, private equity funds and various asset managers. Other major clients include hedge funds, government bodies and high-net-worth individuals who operate in Cyprus. The team has considerable expertise across the entire spectrum of national and international banking and finance transactions, and is also adept at advising large corporates on the restructuring and refinancing of their investments. Managing partner Elias Neocleous has a vast array of experience on a whole host of complex deals, while Andrea Kallis Parparinou  heads up the Nicosia office. Kyriaki Stinga has a wealth of experience in cross-border matters. Dimitris Papoutsis is also well-regarded.

Practice head(s):

Demetris Roti


Other key lawyers:

Elias Neocleous; Kyriaki Stinga; Dimitris Papoutsis; Andrea Kallis Parparinou


Testimonials

‘Among the team’s many key strengths the one that stands out is the partners’ and associates’ personal and professional integrity as well as their accessibility and availability. In terms of billing I find it fair’.

‘Mr. Elias Neocleous is an outstanding individual, I consider him professional with ethos, positive energy, efficient and it is a real pleasure to know him and cooperate with him and his team’.

‘Very knowledgeable lawyers providing useful and concise advice, straight to the point’.

‘Kyriaki Stinga has great experience in her field and has been a trusted advisor to implement the transaction’.

‘We got to know and collaborated with the banking & finance team in the context of a migration of a number of Luxembourg entities to Cyprus. The team’s approach and advice was pragmatic and efficient, and our collaboration seamless’.

‘It is a full-service law firm, spanning all major transactional and market disciplines. The firm has expert in-depth knowledge on topics such as funds, competition and regulatory, corporate, banking and finance and litigation, as well as a very diligent and highly-responsive fiduciary services team‘.

‘Knowledgeable and exceptionally responsive individuals, with a strong sense of ownership, client service and timely delivery’.

‘Exceptional relationships have been forged. Elias Neocleous is the ‘go to’ person for us. He is the best of the best in this area, very hands on, client oriented and professional. Demetris Roti is exceptional. Demetris is reliable, responsive and always a safe pair of hands’.

Key clients

Avanti Communications Group PLC


Altamira Asset Management Limited


APS Holding a.s


Atterbury Europe B.V


European Bank for Reconstruction and Development


Alpha Bank S.A


International Finance Corporation


Eurobank Greece and Eurobank Cyprus


Bank of Cyprus


Bank of Scotland


JC Flowers & Co LLC


Bloomberg


Hellenic Public Bank Company Limited


SAZKA Delta Variable Capital Investment Company Limited


Lloyds Bank


Credit Suisse


Deutsche Bank AG


CPI Property Group


Sabadell Venture Capital S.L.U


Raiffeisen Bank International AG


Jordan Kuwait Bank


Limassol Marina


Mediterranean Hospitality Ventures Limited


Prodea Investments Limited


Work highlights


  • Advised Deutche Bank on the Cyprus law aspects of the acquisition financing for a telecommunications company.
  • Provided Cyprus law advice and assistance to a consortium of international banks in connection with a $450m offering of Rule 144A/Reg S high yield senior secured notes issuance by Energean PLC.
  • Advised SAZKA Group a.s. in relation to all Cyprus law aspects of its issue of a €600m high-yield secured bond.

Harneys

Under of the leadership of Pavlos Aristodemou, Harneys fields a first-rate team which has considerable multi-jurisdictional financial transactional capabilities. It also has a strong and full-service financial services regulatory team and a BVI foreign desk. The group frequently advises blue chip companies and leads on many major non-performing loan transactions and oversees numerous restructuring matters for large conglomerates and companies operating in sectors such as infrastructure, oil, gas and real estate. The practice has a solid referral pipeline from some Magic Circle law firms and the Big Four audit firms.  Nancy Erotocritou is vastly experienced in project and asset financing, security structures and restructurings, as well as capital markets work. Theodoros Zafiropoulos also regularly acts for multilateral financial institutions, international and domestic banks, private equity funds and corporate borrowers.

Practice head(s):

Pavlos Aristodemou


Other key lawyers:

Nancy Erotocritou; Theodoros Zafiropoulos


Key clients

Pinterest INC


Cordiant Capital Inc.


ISFIELD HOSPITALITY LTD


Cyprus Stock Exchange


Work highlights


  • Advising Cordiant Capital Inc. on Cyprus law matters and security arrangements relating to a €30m financing extended to EuroEnergy Group for its wind energy operations in Greece’s Central Peloponnese area.
  • Acting for ISFIELD HOSPITALITY LTD, a Cyprus based company that is involved in the hospitality sector, and specifically in providing hospitality services for major sports events, such as the Olympic Games.

Ioannides Demetriou LLC

The ‘very professional’ team at Ioannides Demetriou LLC receives plaudits for its ‘excellent response times ‘and for its ability to ‘combine lawyers with different expertise and experience to provide the best possible advice’. The group continues to advise many leading local and international credit and finance institutions and often acts as leading counsel on key syndicated deals, with considerable expertise also in renewable energy projects. Pambos Ioannides frequently advises major domestic and corporate clients on all aspects of banking and finance laws, as well as advising numerous semi-governmental organisations and banks. Christina Ioannidou is lauded for her wide range of experience in many banking, financing and securities matters. Katerina Hadjichristofi is sought after for her work on areas as diverse as project financing to corporate financing transactions. Other notable members of the team at a senior level are Zoe Christou and Savvas Yiordamlis who were both recently promoted to the partnership.

Practice head(s):

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


Testimonials

‘Very responsive to our needs and competent team. This responsiveness compares extremely well with the competition. Responsiveness, competence of Katerina Hadjichristofi’.

‘I work mainly with Christina Ioannidou and Pambos Ioannides. The expertise of Christina with the expertise and experience of Pambos can cover all areas of concern to financial companies’.

‘Attention to detail. Excellent response time. Savvas Yiordamlis is a top litigation lawyer who handles legal cases with diligence’.

‘Personalised hands-on approach by the team with fast reaction times. In-depth understanding of the industry coupled with excellent understanding of the applicable legislation. Overall deliverables were produced well within the time framework and the quality of the work exceeded my expectations’.

‘The legal acumen of Christina Ioannidou is unrivalled. Has the ability to dissect any complex financial matter within minutes and understand the legal implications in question. Her work is detailed, methodical and to the point’.

‘Overall, we are very satisfied with the service we receive. All tasks are resolved in a timely manner, their teams possess substantial knowledge and experience each on their field, and the advice we receive is always well substantiated and in-depth’.

‘The team is highly experienced and has an effective approach with overseas clients. Katerina Hadjichristofi stood out and delivered’.

‘Clarity of thought and advice, problem-solving attitude on repeated transactions. Katerina Hadjichristofi and her team are always proactive, quick to respond and consequently valuable partners in complex transactions’.

Key clients

The Cyprus Stock Exchange


Eurobank Ergasias SA / Eurobank Cyprus Ltd


Hellenic Bank Public Co Ltd


VLPG Plant Ltd


Cybarco Development Ltd


Grant Thornton


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


  • Acted as legal advisors on the Cyprus law aspects of the demerger of the Greek bank Eurobank Ergasias through the hive down of its banking business and represented the client and its group companies with the Central Bank of Cyprus.
  • Acting as lead local counsel to Louis Plc, a leading tourism organisation in the Southern Mediterranean and advised on a successful restructuring of around eur250m financing with local and international credit institutions.
  • Advising the Cyprus Stock Exchange in relation to all matters pertaining to their operations

Patrikios Legal

The team at Patrikios Legal ‘consistently delivers pragmatic, on point, commercial and responsive support’; it is frequently involved in local and international loan restructurings, financing projects and handles multi-jurisdictional corporate finance work. Clients include major banking and financial institutions, international law firms and in-house counsel of large groups of companies. Names to note include Lia Iordanou Theodoulou who ‘can be safely relied on to get the project across the finish line on time’. The ‘enormously respectedStavros Pavlou is also well-regarded, along with the ‘commercially focused and technically brilliant’ Stella Strati . Other core areas of expertise include advising on virtual currencies and crypto-assets as well as various regulatory matters. The team is lauded for its ‘hands on approach and practical advice’.

Practice head(s):

Stavros Pavlou; Lia Iordanou Theodoulou


Other key lawyers:

Stella Strati; Angeliki Epaminonda; Angelos Onisiforou


Testimonials

‘PPA is a highly skilled team of excellent lawyers. PPA lawyers demonstrate exceptionally client-oriented approach. For us, most important is availability and speed. Partners are available for matters that are important for us, even though the question might be not very complex’.

‘Client focused and available. Excellent team work, High level of professionalism and customisation, Stella Strati (Partner) – very competent and fully involved to any tasks (initiated by our firm), extremely professional in her area’.

‘Patrikios Pavlou & Associates LLC is a law firm comprised of high level professionals. The legal advisors are exceptional with excellent service’.

‘Angeliki Epaminonda, Partner and Angelos Onisiforou, Senior Associate stand out due to the high level of professionalism and in-depth knowledge of the banking sector and industry. Both individuals are committed to providing excellent service to their clients and are knowledgeable’.

‘The firm is advising us on ISDA and related agreements. We consider the firm the best in Cyprus in this area of law. Angeliki Epaminonda, Angelos Onisiforou’.

‘The team consists of great professionals who can quickly handle even the most complex tasks. The team is very responsive and highly appreciated by clients. Lia Iordanou is impressive: very organised and quick’.

‘Patrikios Pavlou & Associates LLC is our preferred “go to” firm in Cyprus and we also see them regularly called upon by leading financial institutions and the global elite law firms (including US, UK and Europe headquartered law firms) when their clients need market leading Cypriot law support’.

‘We consider Patrikios Pavlou to be at the very top of the legal market in Cyprus and they enjoy the necessary depth of resources to timely deliver sophisticated cross-border projects. Patrikios Pavlou is a clear market front-runner in the Cyprus legal market and brings extensive experience and unparalleled market knowledge to bear on the complex cross-border transactions’.

Key clients

Baker Botts


Securities Lending Association


International Capital Markets Association


Freshfields


Deutsche Bank AG


Eurobank


Norton Rose Fulbright


Citibank Europe Plc


Linklaters


Work highlights


  • Engaged to handle the possible sale of the shares held by a Cyprus public group company, with assets and secured obligations valued over $200m and with the borrower group companies located in several jurisdictions, to prospective purchasers and to provide specialised advice on complicated legal issues, including the EU restrictive measures (sanctions) relating to the transaction.
  • Advised a foreign bank on the possibility of enforcing security held by it over shares of Cyprus companies following a default of a $80m facility.
  • Acted as the Cypriot legal advisors of a licensed international investment banking and advisory firm based in London and produced a detailed legal memo covering extensive analysis on the enforceability of Industry Standard Documents.

Chrysses Demetriades & Co Law Office

The experienced team at Chrysses Demetriades & Co Law Office covers all forms of corporate financing, including syndicated lending, NPL recovery and securities, and also advises on securities issuances and fund structuring. Its lawyers likewise represent numerous banks and other financial institutions, as well as large corporates on acquisition financing, debt and asset swaps as well as many other complex transactions. Practice head Demosthenes Mavrellis regularly works on various high-value matters, meanwhile Michaela Hadjihambi is another leading member of the department.

Practice head(s):

Demosthenes Mavrellis


 


Other key lawyers:

Michaela Hadjihambi


Testimonials

‘The firm comprises of a wide sphere of legal specialties enabling it to provide to its customers a complete full range advice on the matter at hand. The combination and diversity of legal backgrounds coupled with the many years’ experience makes Chrysses Demetriades & Co LLC unique’.

‘All of Chrysses Demetriades, Michaela Hadjihambi and Demosthenes Mavrellis are easily accessible, eager and ready to assist on any legal difficulty, showing priority over the most pressing matters, understanding the key aspects of the problems faced and offering the desired legal solutions’.

‘Team effort. Holistic approach. Prompt reply. Availability. High quality of legal advice. Thinking outside of the box. trust and integrity. confidence to work with‘.

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


NBG PANGAEA REIC


Steering Committee of Lenders to Interpipe


HSBC Bank


Citigroup


Work highlights


  • Advised Aggreko plc in connection with its acquisition by TDR Capital and I Squared, financed by means of a senior secured bridge facilities, a senior bridge facility and a senior term facility, which were later refinanced by the issuance of high-yield notes.
  • Acted for a major Cypriot bank in relation to the sale of its business to another Cypriot bank and its wind down process.
  • Acted for The Cyprus Tourism Development Company for the refinancing of its existing indebtedness and additional funding for the renovation of the Landmark Nicosia Hotel as well as for the development costs of two adjacent towers (office and residential).

Michael Kyprianou & Co. LLC

Tonia Antoniou and Lambros Soteriou co-head the department at Michael Kyprianou & Co. LLC which has substantial experience of dealing with complex, high-value and cross-border financing transactions across a range of industries. Deal values typically exceed €20m though the team is also proficient in overseeing deals beyond the €100m range. It frequently advises borrowers, lenders and security providers. Additionally, the group is skilled at handing financing in multiple currencies across various industries from cosmetics and forestry to energy and shipping. Ioanna Solomou’s practice spans financial services and regulatory matters, while Lorena Charalambous is recommended for her expertise in areas such as leveraged acquisition financings through to trade finance and asset-based financings.

Practice head(s):

Tonia Antoniou; Lambros Soteriou


Other key lawyers:

Lorena Charalambous; Ioanna Solomou


Testimonials

‘They really stand out from the crowd, they always deliver on time and top quality products, but they also offer solutions, where others only describe problems’.

‘Lorena Charalambous is definitely a go-to lawyer as regards banking finance transactions involving Cypriot elements. She’s always on top of things and provides support in such a manner that (from the position of a lead counsel) we always know that everything will be covered and taken care of’.

Key clients

KfW IPEX-Bank GMBH


J&T Banka a.s.


DNB Bank ASA, London Branch


Emirates NBD Bank (P.J.S.C.)


RAIFFEISEN BANK S.A.


Česká spořitelna, a.s.


Work highlights


  • Appointed by Herbert Smith Freehills CIS LLP to act for a bank in relation to the restructuring of the largest private investor in the port infrastructure in Southern Russia.
  • Appointed by BRYAN CAVE LEIGHTON PAISNER (RUSSIA) LLP to advise on a facility granted to one of the leading online marketplaces in Russia.
  • Engaged by White & Case Moscow to act on behalf of a bank in completing the establishment of a pharmaceutical holding company, a leader on the Russian pharmaceutical market.

A.G Erotocritou LLC

Alexis Erotocritou  leads a ‘knowledgeable and business-orientated’ team at A.G Erotocritou LLC where its ’24-7 response culture is something that makes its level of service stand out’. The department is currently handling various large-scale and high-value projects and works on a regular basis with major international law firms and significant corporate clients; it is the preferred local counsel for leading banks and is adept at handling the restructuring of large groups of companies. Newly-promoted partner Grigoris Sarlidis  focuses on financial services and products and advises on a range of regulatory matters.

Practice head(s):

Alexis Erotocritou


Other key lawyers:

Grigoris Sarlidis; Dafni Loizou; Maria Papatheodoulou


Testimonials

‘Alexis Erotocritou is the partner we communicate with, he always shows perfect commercial awareness and understanding of the needs of business where Grigoris Sarlidis also shows deep understanding of the financial regulation matters’.

‘They are very responsive and dedicated to the positive resolution of matters in the client’s interest. They are not only effective in their work, but they treat the client’s time and resources with the utmost respect, putting their interests and the long-term relationship in focus’.

‘We mostly work with Alexis Erotocritou. His knowledge in banking and finance matters is exceptional and his commitment to the client’s needs and best interests are commendable. He conducts himself with the highest of ethical standards and has a transparent approach to everyone he works with’.

‘The team is second to none in Cyprus in terms of quality responsiveness and professional attitude. The team has huge depth who can assist on any banking and finance transaction or case. The team has also a very competent team and Dafni who joined recently is one example. She already helps us with tasks and she is exceptional’.

‘Alexis Erotocritou is an exceptional person and lawyer. He is an authority in banking matters and trusted by the leading banks locally and globally for his services. He is very practical and able to solve any legal problem or situation, no matter the complexity.  Grigoris Sarlidis has exceptional knowledge in regulatory matters’.

‘Incredibly dedicated and responsive team, very well organised, hardworking and proactive. Always delivers on time despite the challenging deadlines, with competitive prices and transparent billing policy’.

‘Alexis Erotocritou, Grigoris Sarlidis, Maria Papatheodoulou. Each has their client’s best interest at heart’.

‘Grigoris Sarlidis is fantastic. He is extremely user friendly, responsive and available and his advice is always clear and succinct. He knows the sector very well and is well connected with regulators to be able to get things done’.

Key clients

EUREKA


Cyprus Shipping Association


Gevorest


RPT Group


Primetel


Skywell Capital Partners


Aquathrust


Grecian Group


Johnsof


AAS


Match Trade


Iliaktida


Wojnar


Asian Pacific Bank


Unicredit Bank


Arab Bank


Equity – i


Anastassiades Group


IKTINOS


CapitalXtend


KITENDO CAPITAL


Tactics Group


OUSAI Group


Orphanos Group


Ancora, sro


Work highlights


  • Advised a global leader in technology and innovation (listed in Nasdaq) on various regulatory issues surrounding importing and exporting of products, as well as on other commercial and regulatory / licensing and real estate issues.
  • Acting for one of the largest international banks to assist on a complex refinancing of a multinational corporation, for a value exceeding €250,000,000.
  • Advised the largest 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.

Mouaimis & Mouaimis LLC

The agile team at Mouaimis & Mouaimis LLC frequently acts as local counsel on various international, bilateral and syndicated financing matters. Under the able leadership of Panayotis Mouaimis , Michalis P. Mouaimis and Andriani Mouaimi  , the group is well-placed to advise on a wide spectrum of matters from project financing to corporate reorganisations. Its clients include international banks and financial institutions, as well as multinational companies and international groups of investors. In addition, it receives a steady flow of instructions from international law firms.

Practice head(s):

Panayotis Mouaimis; Michalis P. Mouaimis; Andriani Mouaimi


Testimonials

‘A firm that excels in its detailed assessment of any matter. Panayotis Mouaimis and Michalis Mouaimis’.

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 leading agricultural company having a Cyprus holding company, in relation to a guarantee agreement securing the obligations of its subsidiary under a EUR120,000,000 facility agreement.
  • Advised a Cyprus holding company of a large agricultural group, in relation to a consent solicitation addressed to the holders of its listed notes.
  • Advised a collateral agent for financing institutions in relation to a loan facility provided to a multinational group of companies.

STELIOS AMERICANOS & CO LLC

Headed by Despina Americanou  and Stelios Americanos the department at STELIOS AMERICANOS & CO LLC has dealt with a significant volume of high-value cross-border transactions related to acquisition and project financing. Other core areas of focus include advice on refinancings and real estate financing, as well as syndicated and bilateral lending. Clients include local and international commercial and investment banks, investment funds, government institutions and corporate borrowers. Olga Petrova  is another key member of the practice.

Practice head(s):

Despina Americanou; Stelios Americanos


Other key lawyers:

Olga Petrova


Testimonials

‘The Stelios Americanos team is very responsive and transaction orientated, they do what is required to get the deal done’.

‘I work with Despina Americanos and Olga Petrova. They are both very experienced and a pleasure to work with’.

Key clients

Hines International Fund Management Company S.a.r.l


Raifessen BANK SA


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


ING Bank NV Amsterdam – Bucharest Branch


Credit Europe Bank (Russia) Ltd.


Alfa-Bank Ukraine


Credit Europe Bank (Swiss)


EBRD


UniCredit Bank Srbija A.D. Beograd


Banque de Commerce et de Placements SA


Work highlights


  • Advised Unicredit Serbia in relation to a €35m to a Serbian group of companies, a  leader in sports footwear, apparel and equipment sales in the Balkans market.
  • Advised Raiffeisen Bank Romania and ING Bank NV Amsterdam – Bucharest branch in relation to secured financing of up to euro45m to a Romanian company.
  • Advised the European Bank for Reconstruction and Development in relation to senior secured financing of the 258.9 MW Potegowo South wind farm in Poland.

AGP Law Firm | A.G. Paphitis & Co. LLC

The versatile team at AGP Law Firm | A.G. Paphitis & Co. LLC is co-led by Angelos Paphitis. It receives a steady flow of instructions from shareholders, fund managers, banks and investment brokers. In addition, the group is particularly skilled at helping investment firms in obtaining a cross-border EU passporting licence. The team is likewise sought after for its regulatory advice and oversight of a range of corporate finance transactions.

Practice head(s):

Angelos G. Paphitis


Other key lawyers:

George Tashev


Testimonials

‘What makes AGP & Co banking and finance practice unique is the range of expert professionals they employ, as each one of them excels in their field’.

‘Having worked with AGP for so many years now it’s easy to recognise and see their strengths and key capabilities which include speed and attention which you do not usually get comparing to other firms’.

‘From what I have witnessed they are always investing in their people, innovative technology as well as CSR which is admirable and you do not see it every day and I think it is worth mentioning’.

‘The team of lawyers and consultants I work with are always on point, they have very strong and solid knowledge of their field. What makes AGP stand out from competitors is their priority for always putting their clients’ needs first, which I strongly value and respect’.

‘The professionals that stand out for me are Angelos Paphitis with whom we have had an outstanding cooperation for so many years now. He is a get-it-done kind of professional, which I respect and admire. As well as George Tashev, an excellent lawyer and professional’.

‘The team is growing constantly with new highly skilled and innovative professionals joining. AGP is always innovative in the way they operate as a firm especially when it comes to technology as this helps them better assist their clients which is their goal’.

‘George Tashev is a talented and attentive lawyer’.

‘I have also cooperated with Angelos Paphitis who is a strong character, with an incredible high-level of knowledge when it comes to banking and finance laws. This law firm is a new generation; they are really specialised on banking and finance – not only on legal terms but also on regulatory aspects’.

Key clients

eToro Capital Limited


Weezzo Ltd


VS Energy Ltd


PURPLE TECHNOLOGY s.r.o


Intraclear


Ayers Alliance Financial Group


CoinsPaid


NicheClear


Ruffell Holding Ltd


Finery Markets Ltd


Dogma Capital Ltd


Cliff Legal Services


Pocketbook Holdings Limited


Nexmark Trade Limited


Nilufar Ltd


Prochoice Chrimatistiriaki Limited


Giambrone Law Firm (UK)


Lancesia Limited


Work highlights


  • Engaged to accommodate the acquisition of a Cyprus Investment Firm (CIF) which provides investment services and activities to third parties.
  • Succeeded in obtaining a judgment by consent, in favour of its clients, in a group action of 53 claimants (its clients) against a Cypriot Investment Firm (a Forex & Market Maker broker whose license has been suspended and later withdrawn by CySEC) and its foreign shareholder.
  • Responsible for providing ongoing legal financial advisory support services including the provision of legal advice on the ongoing requirements as set by the regulations in Belize, assistance with the annual renewal of license process as well as with filing its annual / quarter financial reports to the IFSC.

Alexandros Economou LLC

Alexandros Economou heads the department at Alexandros Economou LLC which is praised for its ‘amazing team work’. The firm regularly advises banks and other financial institutions, as well as big international groups of companies. The team is skilled at advising both lenders and borrowers and has advised clients on all stages of the financing/refinancing process. Senior associate Maria Katsikidou and associate Electra Theodorou are both well-regarded.

Practice head(s):

Alexandros Economou


Other key lawyers:

Maria Katsikidou; Electra Theodorou


Testimonials

‘We have had the pleasure of working with Alexandros Economou on a number of projects and can truly attest to his efficiency, professionalism and skills. Alexandros has extensive knowledge in the banking and finance field. The team is comprised of capable associates who are ready and available to assist 24-7′.

‘Alexandros Economou is a highly competent partner, with a concurrently friendly and professional demeanour and a fully commercially-attuned mind. He is supported by the equally competent Electra Theodorou and Maria Katsikidou’.

‘The B&F team of Alex Economou is great to work with. They are prompt in responding to queries, communicate very well and pro-actively, deliver complex solutions thinking ahead of the need of a client. Very reliable and friendly people, too’.

‘They have created a great legal team, with efficient and professional lawyers. They will always go an extra mile in order to solve any issue that may arise in a transaction’.

‘The team’s dedication and efficiency are remarkable. The advice we receive is always tailor made to our needs. The firm really specialises in its areas of practice and it provides services of an outstanding quality’.

‘Alexandros has many years of experience in banking and finance and his understanding of a client’s needs is what makes him to stand out. Maria and Electra are always prompt, thorough and efficient. When working with them, we always know that we will be in good hands’.

‘Named partner Alexandros Economou and associate Electra Theodorou are both superb’

‘Alexandros Economou LLC pays very close attention to any matter that I put to them. I am confident that my question will be addressed shortly, regardless of whether I contact the partner (Alexandros Economou), or a senior lawyer, or a junior person. I am used to working with Alexandros Economou directly, as well as with Maria Katsikidou and Electra Theodorou’.

Key clients

A Slovak group of companies


Dentons Europe CS LLP


Theova UHS Enterprise Solutions Ltd


A major real estate investment group in Romania


Dufry Group


Tatra Banka, a.s.


Penta Group


Orange


A Cypriot investment company of foreign interests


A major real estate investment group in Greece


OTE Group


Kinross Gold Corporation


Work highlights


  • Advised a Polish group of companies in connection with a multimillion financing and a related group restructuring.
  • Represented a major international bank in connection with a multi- million financing and refinancing of a Russian real estate group in connection with Russian properties held by Cyprus companies.
  • Advised a major real estate investment group in Slovakia in connection with a multi-million financing and its related securities.

Athos Demetriou Associates LLC

Under the joint leadership of Athos Demetriou and Anna Skouri, the team at Athos Demetriou Associates LLC enjoys a solid reputation for its work on a range of complex domestic and international matters. It also enjoys a steady workflow from several leading Cypriot investment funds and alternative investment funds. The group advises on diverse matters from asset financing transactions to debt restructuring and anti-money laundering issues, among other matters.

Practice head(s):

Athos Demetriou; Anna Skouri


Testimonials

‘Athos Demetriou Associates has provided us with legal advice on various banking or financial matters at an exclusive basis in Cyprus, which demonstrates our satisfaction in regard to the quality of service’.

‘Our first point of contact is Athos Demetriou, who is an intelligent and extremely knowledgeable lawyer, very punctual and always prompt in his responses. Athos’ analytical skills bring about the provision of practical advice with a commercial focus and an in-depth business understanding of the financial services sector’.

‘The practice is differentiated from the rest because although a significant number of lawyers, a client gets the sense that is always been attended by the senior partner of the firm’.

‘There is an awareness of the client needs and there is no repetition of what service is required. The knowledge of the practice in the specific areas is remarkable.’

‘The team is diverse, hard-working, focused, coordinated and can cover the needs of clients efficiently and effectively. They are focused on providing top-notch advice at very reasonable prices making their work real value for money’.

‘The individuals in this firm possess unique and diverse expertise in the area of banking and finance. Their know-how in respect of investment services in particular as well as their business understanding makes them ideal for the provision of support in this area’.

‘Athos Demetriou has been working in this area for a great number of years and this reflects in the legal advice he provides’.

Key clients

European Bank for Reconstruction and Development


ASIAN DEVELOPMENT BANK


Allen & Overy (Czech Republic) LLP


ALLEN & OVERY (WARSAW) LLP


Electric Networks of Armenia CJSC


Mashav Energia


Elgan Automotive Group


K. Treppides & Co Ltd


FxPro Financial Services Ltd


ALTER DOMUS (CYPRUS) LIMITED


ALTER DOMUS LUXEMBOURG


Allen & Overy (South Africa) LLP


HLB (CYPRUS) LIMITED


CLIFFORD CHANCE LLP


LATOMIA PHARMAKAS PLC


INTERNATIONAL FINANCE CORPORATION


Norton Rose Fulbright LLP


Fortuna Entertainment Group N.V.


FAMELINE HOLDING GROUP


Meteor Motortech Kereskedelmi Kft.


Automation yeruham & co ltd


LBF PARTNERS


PERMIRA (GUERNSEY) LIMITED


INTEGRATED CASINO RESORTS CYPRUS LIMITED


BNKPRO EUROPE LTD


DISHIO SERVICES LIMITED


Work highlights


  • Acting as legal advisors for the EUROPEAN BANK FOR RECONSTRUCTION in relation to their financing to Electric Networks of Armenia CJSC for the extension of ENA Investment Program.
  • Working with Allen & Overy (Czech Republic LLC) in connection with a financing instruction and financing for Fortuna Entertainment Group NV by Česká spořitelna, a.s., Komerční banka, a.s., UniCredit Bank Czech Republic and Slovakia, a.s.
  • Working with Norton Rose Fulbright and acting as Cyprus lawyers for Galnaftogaz on a matter.

Deloitte Legal | Hadjianastassiou, Ioannides LLC

Deloitte Legal | Hadjianastassiou, Ioannides LLC is jointly led by Andreas Thoma and Calliopi Nicolaidou; their team is adept at acting as lead counsel as well as local counsel on many multi-jurisdictional financing transactions and corporate financings. In addition, it has a strong reputation for its work on financial services regulatory matters in addition to advising on other areas such as the acquisition of non-performing loan portfolios.

Practice head(s):

Andreas Thoma; Calliopi Nicolaidou


Testimonials

‘Very professional team capable of handling complicated transactions under tight timelines’.

‘Andreas Thoma is an experienced, qualified and efficient transactional lawyer’.

Key clients

Bank of Beirut S.A.L.


CDB Bank


Dentons UK and Middle East LLP


Gabelli Consultancy Limited


Hellenic Health Group


H.M. Pelagic Partners Raif VCIC PLC.


Housing Finance Corporation


Kaprain Industrial Holding Limited


Komercni banka a.s.


One Westferry Circus S.à r.l.


Taberancle Development Ltd


Abacus Limited


Abris Capital Partners


Ancoria Bank


Ancoria Insurance Public Ltd


Arendt & Medernach S.A.


Astro Bank Ltd


Bank of Cyprus Public Company Limited


Bank of Scotland plc/ Lloyds Banking Group


Cleary Gottlieb Steen & Hamilton LLP


CMS Cameron McKenna Nabarro Olswang LLP


Commercial Estates Group Limited


CSC Group Ltd|(holding company of CSCEurope Limited anelectronic money institution licensed by the Central Bank of Cyprus and is also the holding company of CSC Bank Lebanon)


Deloitte Limited


DWF LLP


G.D. Kallimopoulos K.TH. Loukopoulos A.P. Chiotellis Law Firm


GQS Services Limited


IQ-EQ (Cyprus) Limited


KLC Law Firm


Mayer Brown International LLP


McCann Fitzgerald


Mishcon de Reya LLP


National Bank of Greece (Cyprus) Ltd


Piraeus Bank Group


PPF Group N.V.


Reed Smith LLP


Stephenson Harwood LLP


White & Case Advokat AB


Work highlights


  • Advising a private equity investor in relation to eur82m acquisition financing provided by Eurobank Cyprus Ltd for the acquisition of Apollonion Private Hospital, one of the largest private hospitals in Cyprus.
  • Advising the majority (4 out of 7) of local banks in relation to the implementation of the annual deliverables requested by the regulator under the resolution legislation (playbooks updated every year).
  • Acting as legal members of the temporary administrator team appointed under article 30E of the Business of Credit Institutions law in connection with a local systemic credit institution surrendering its banking licence in Cyprus.

Harris Kyriakides

Headed by Nicolas Kyriakides , the vibrant team at Harris Kyriakides has been increasingly advising on non-performing loans and represents key financial institutions and funds on a variety of banking and finance matters, as well as regulatory, advisory and restructuring work. Clients include domestic commercial banks in addition to international finance and banking units, credit acquiring companies and financial intermediation services providers. Phivos Zomenis  is also recommended, while Georgia Karamalli is now a District Court Judge.

Practice head(s):

Nicolas Kyriakides


Other key lawyers:

Phivos Zomenis


Testimonials

‘A combination of in-depth knowledge of legal matters and sound understanding of the commercial part of the transaction. The practice is exceptionally well-organised, with a clear internal structure and personnel resources, thus they are able to deliver quality work while meeting short deadlines’.

Key clients

Bank of Cyprus Public Company Limited


National Bank of Greece (Cyprus) Limited


Astrobank Public Company Limited


Hellenic Bank Public Company Limited


Work highlights


  • Acting as key legal advisor to the client for the performance of due diligence exercise for the potential purchase of a portfolio of non-performing loans from Bank of Cyprus.
  • Acting as key legal advisor to the client for the initiation of enforcement measures and separate claims against the defendants for fraudulent alienation of assets and unwinding of a sham trust in the United Kingdom.
  • Advised the client in relation to the debt restructuring of the credit facilities of one of its client’s largest debtors in Cyprus.

KINANIS LLC

KINANIS LLC has an impressive roster of clients, ranging from international lenders and credit institutions to borrowers and shareholders. Under the direction of Christos Kinanis and Andri Michael, the team  has notably been approved to act as a nominated advisor by the Cyprus Stock Exchange. It remains a counsel of choice for alterative investment funds and entities active in the fintech space and is skilled at handling high-value secured financing deals, in addition to its work on fund establishment, management and compliance.

Practice head(s):

Christos Kinanis; Andri Michael


Key clients

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


EpendiCY RAIF V.C.I.C. PLC


Vonpende Holdings PLC


Athena Capital Partners


Chenor AG


Aude FM Limited


ZoidPay (ZCN ZOID LTD)


Michael Damianos & Co LLC

The team at Michael Damianos & Co LLC covers all aspects of banking and finance work such as asset financing, refinancing, corporate financing and debt restructuring. It also excels in real estate and acquisition financing and is led by Michael Damianos. The majority of the firm’s banking and finance work comes from referrals from international law firms, though a steady flow of work is also received from domestic companies in relation to their legal work in Cyprus and abroad.

Practice head(s):

Michael Damianos


Other key lawyers:

Maria Anastasiadou; Andrea Petridou


Testimonials

‘Excellent. Responsive. Commercial. Michael Damianos is very service orientated’.

‘Excellent boutique firm of corporate and finance lawyers, and very responsive to their clients’.

‘Partner Michael Damianos is highly skilled: a great transactional lawyer who knows the law, but also quickly gets to the heart of the relevant commercial questions’.

‘Associate Maria Anastasiadou is very thorough and very responsive to client demands’.

‘Partner led, super responsive. They provide practical solutions and provide the information speedily and are always happy to discuss on the telephone’.

‘I find them really responsive and knowledgeable, with a good understanding of how English transactions operate’.

‘The team provides clear advice and is responsive to the demands of multi-jurisdictional transactions’.

‘Andrea Petridou and Maria Anastasiadou are highly responsive and provide clear pragmatic advice. Michael is highly commercial and having practised himself in London, understands the needs of his instructing counsel and their clients’.

Key clients

The European Bank for Reconstruction and Development


WiRE FS


Resolute Asset Management LLP


Prountzos & Prountzos LLC

Headed by Andria Koukounis, the banking and finance department at Prountzos & Prountzos LLC is well regarded for its work on cross-border and syndicated financing, as well as leveraged buy-outs. The group frequently advises large credit institutions and financial services companies on a range of regulatory compliance matters, and also routinely acts for asset management companies. Koukounis has a particular focus on project financing and secured lending, while managing partner Charalambos Prountzos is likewise recommended.

Practice head(s):

Andria Koukounis


Other key lawyers:

Charalambos Prountzos


Testimonials

‘The firm has always responded to our needs and requests with the outmost professionalism. They are going the extra mile to service us being efficient and on time’.

‘Andria Koukoumis is making herself available to us literally 24/7. She is clever, knowledgeable and experienced and always positive on her approach’.

Key clients

Hoist Finance Cyprus Ltd


Bright Ilios RAIF V.C.I.C. PLC


Senaer Trading Limited


Work highlights


  • Advised Hoist Finance Cyprus Ltd, part of the Swedish financial services group “Hoist Finance” with over eur9bn worth loans under management, on structuring and corporate governance.
  • Supported the first solar panel enterprise offering hire purchase solutions, with the drafting of financing agreements for the use/acquisition of solar panels in Cyprus.

PYRGOU VAKIS LAW FIRM

PYRGOU VAKIS LAW FIRM advises on a broad spectrum of matters, from debt restructurings through to project financing transactions and contentious banking matters. Under the direction of Melina Pyrgou, Demetris Vakis and Georgia Papa, the group routinely advises numerous Cypriot and foreign companies on multi-jurisdictional issues.

Practice head(s):

Melina Pyrgou; Demetris Vakis; Georgia Papa


Work highlights


  • Acted as the legal advisor of the client in relation to the possible enforcement options for Cyprus Companies on finance and security documents in order to detect any material weaknesses that may affect the enforcement of such security documentation.
  • Instructed to provide a capacity legal opinion in relation to the capacity of a Cyprus company to enter into security documentation in the value of eur58.000.000
  • Engaged to issue a capacity legal opinion in relation to the capacity of a Cyprus company to enter into a number of security documentation, including without limitation subordination agreements and pledge of shares agreements in the value of 27.000.000.|

Andreas Coucounis & Co LLC

Dimitria Coucouni heads the department at Andreas Coucounis & Co LLC which is involved in key banking litigation cases and also represents foreign investors in high-profile cases against FOREX companies in Cyprus.  In addition, the group represents local and foreign commercial and investment banks, security providers and corporate borrowers in their loan and security transactions.

Practice head(s):

Dimitria Coucouni-Andreou


Other key lawyers:

Tasos Coucounis


Testimonials

‘The bank’s cooperation with Andreas Coucounis & Co LLC is long-lasting and it is based on their devoted loyalty, their experience and their hard work’.

‘For many years it has been providing the Bank with services of highest standards, as they are able to efficiently address all legal problems especially in the field of banking law which is an increasingly complex field in Cyprus’.

‘We would like to point out that the personal contribution of Mr. Tasos Coucounis is playing an essential role in managing, overcoming and resolving numerous legal issues’.

Key clients

H&R Block Inc


Matheson LLC


Equiti Group Limited


Bank of Cyprus Public Company Limited


Hellenic Bank Public Company Limited


Themis Portfolio Management Holdings Limited


Gordian Holdings Limited


B2KAPITAL Cyprus Ltd


APS Loan Management Ltd


Work highlights


  • Advised H&R BLOCK, INC, of USA, a US listed company, on intra-company loan arrangements and promissory notes worth more than $1 bn.
  • Retained in 2022 by Equiti Group Ltd to advise on Cyprus Securities and Exchange Commission regulatory and licencing matters and various agreements.
  • Advised Matheson LLC on certain Cypriot legal aspects pertaining to an insurance portfolio transfer.

COSTAS TSIRIDES & CO LLC

The talented team at COSTAS TSIRIDES & CO LLC frequently advises credit institutions and banks, and is also adept at providing legal opinions on various banking matters. Alexandros Tsirides, Photini Tsirides and Irina Loutchina  co-lead the group that advises on issues such as asset-swaps, loans and mortgages as well as assignment agreements.

Practice head(s):

Alexandros Tsirides; Photini Tsirides; Irina Loutchina


Other key lawyers:

Aristiana Stylianou


Testimonials

‘Alexandros Tsirides and Aristiana Stylianou provide prompt and quality feedback on any legal issue raised from our side’.

‘Wide area of expertise, direct access with all seniority levels, prompt and timely responses. Direct communication, flexibility, business-oriented approach‘.

Montanios & Montanios LLC

Headed by Acis Montanios and Adam Montanios, the team at Montanios & Montanios LLC has particular strength in transport asset financing. It has a well-regarded shipping finance practice and is now instructed by all four major Cypriot banks in their ship financing matters. The team also continues to advise on aviation leasing and finance transactions.

Practice head(s):

Acis Montanios; Adam Montanios


Other key lawyers:

Maria Toumazi; Alki Montanios; George Toumazis


Testimonials

‘Professional management of the relationship, respect for deadlines clear requirements/instructions,  availaibility on short notice’.

‘Mrs. Toumazi is our prime contact. She is professional and always available’.

‘Professionalism is shown by all partners (Messrs Montanios) and also by the more junior team members, such as George Toumazis and Alki Montanios‘.

‘M&M team gives you a sense of assurance. They are very knowledgeable people who know how to handle all matters irrelevant of their complexity’.

‘Adam Montanios stands out for his efficiency and to-the-point advice he gives. He is a real problem-solver and can provide tailor-made solutions. The whole team is client-driven and devote time to provide a high quality service’.

‘The individuals work very well as a team, they are up to date and proactive on regulatory issues, they are eager to meet our needs and open to changes and adapt to new requirements and suggestions to streamline processes and improve documentation’.

‘Adam Montanios is service oriented, spot on when advising on the legal aspects underlying the documentation and so experienced that all issues are dealt with efficiently and timely’.

‘Adam Montanios is eager to find new and flexible solutions as allowed under applicable laws and does not hesitate to follow up by phone if he sees that will expedite matters, also during holidays and at late night’.

Key clients

Abn Amro Bank N.V.


Aegean Baltic Bank S.A.


Astrobank Public Company Limited


Australis Maritime London


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


  • Assisting with the Cypriot aspects of a loan facility of approximately $66,000,000 concerning the financing of 6 bulk carrier vessels.
  • Advising in relation to a senior secured loan agreement of $22.000.000 by a large Scandinavian bank relating to the financing of the purchase of six vessels
  • Assisting with the issuance by a Cypriot company of a $100,000,000 five-year bond offering listed in the Athens Exchange.

Soteris Pittas & Co L.L.C

Headed by Soteris Pittas, the team at Soteris Pittas & Co L.L.C is sought after for its experience in obtaining interim orders, such as freezing injunctions and Norwich Pharmacal orders; it is skilled at assisting in other applications including the recognition, enforcement and registration of foreign awards. The group frequently handles disputes involving banking institutions and issues relating to finance and debt recovery.

Practice head(s):

Soteris Pittas


Other key lawyers:

Kyriakos Pittas


Testimonials

‘Very flexible, creative, non-standard and cooperative approach’.

‘Always in touch 24\7 and ready to involve in the matter in any stage of case development. Highly reputable and extremely professional team’.

‘Our experience of dealing with Soteris Pittas & Co LLC has shown that this firm has exceptionally capable experts in various areas in the practical application of law’.

‘The distinguishing features of lawyers at this firm which set it apart are competence and expertise as well as individually tailored approach in finding solutions’.

‘Mr Soteris Pittas is an outstanding lawyer who is well experienced in legal matters related to different industries’.

‘Most competent and knowledgeable. Soteris and Kyriakos give our team the feeling of security that every aspect is properly addressed’.

Key clients

Primecap


RCB Bank


Rodovid Bank


Engarde, Ukraine


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


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 euro250m over numerous hotels owned by the client and challenging the appointment of receiver.
  • Issuing Legal Opinions in favour of the client regarding a credit facility arrangement required by the client’s Cypriot holding entity.

Tornaritis Law Firm

The skilled team at Tornaritis Law Firm acts as counsel in financing deals, commercial loans and other financing transactions. In addition, it holds a specialist licence as Nominated Advisor for the Cyprus Stock Exchange Emerging Companies Market. The team boasts a strong regulatory compliance unit and counts Alexandros Alexandrou and Criton Tornaritis among its key names.

Practice head(s):

Criton Tornaritis; Alexandros Alexandrou; Marios Panayiotou; Anna Abou Shaaban Papaioannou


Testimonials

‘Very experienced team in banking and finance sector. The team led by partner Alexandros Alexandrou navigates the client through complex litigation proceedings with ease’.

‘Partner Alexandros Alexandrou possesses very strong legal knowledge and is beyond professional’.

Key clients

Receivers/Managers of Orphanides Public Co Limited


Cyprus Popular Bank Public Co Ltd in Liquidation


Hellenic Bank Public Company Ltd


Lakatamia Municipality


BDO Cyprus (Insolvency & Restructuring)


Quantuma UK & Cyprus


Special Administrator of Cyprus Popular Bank Public Co Ltd


Fidescorp Limited


LRC UK GROUP


ELLINAS FINANCE PUBLIC COMPANY LTD


DELTA CAPITAL PARTNERS MANAGEMENT LLC


WTE WASSERTECHNIK GMBH


NEST INVESTMENTS HOLDINGS (CYPRUS) LTD


ECOMMBX LIMITED


TROCKLAND CYPRUS


L.B. Landbank Properties Constultants Ltd


AstroBank Public Company Limited


QQuant Master Servicer Cyprus Limited


TRUST INTERNATIONAL INSURANCE COMPANY LIMITED


VERTA INSURANCE & REINSURANCE BROKERS (CYPRUS) LIMITED


COMMERCIAL UNION INSURANCE


BOOKIECO BETTING STORES LTD


EXCLUSIVE CHANGE CAPITAL LIMITED


Work highlights


  • Acted on behalf of the special administrator of Cyprus Popular Bank Public Co Limited in support of the Central Bank of Cyprus liquidation petition which was successfully completed and liquidation order was issued in May 2022.
  • Advised Nest Investments Holdings Limited on Cyprus law as to various legal and regulatory matters.
  • Successfully acted on behalf of BookieCo and advised on the drafting and submission of application to the National Betting Authority (license issued in 2022).