Firms To Watch: Commercial, corporate and M&A

Loucas A. Haviaras and Andreas L. Haviaras co-head the department at Haviaras & Philippou L.L.C., which advises domestic and international clients on a whole host of corporate and commercial matters ranging from mergers and acquisitions to joint ventures and derivative actions.
Marilou Pavlou Christodoulides LLC is particularly active in M&A transactions and regularly works alongside international law firms on large cross-border deals for blue chip companies, FTSE100 companies and multinational companies. Marilou Pavlou Christodoulides heads the team.

Firms in the Spotlight Commercial, corporate and M&A

Patrikios Pavlou & Associates LLC

Patrikios Pavlou & Associates LLC logo

The corporate and M&A team at Patrikios Pavlou & Associates LLC is ranked in the top tier for Cyprus for providing professional, high-quality consultancy services to clients. The team effectively handles complicated cross-border transactions, including mergers and acquisitions, and assists large groups of companies and prestigious international law firms on Cyprus corporate law issues.

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Haviaras & Philippou L.L.C.

Haviaras & Philippou L.L.C. logo

One of the leading law firms in Cyprus, Haviaras & Philippou L.L.C. was founded in 2008. Since then, it has steadily grown to become a team of dedicated and resourceful professionals devoted to the service of its clients’ interests. The firm is greatly respected in Cyprus as well as internationally, well known in particular for …

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Commercial, corporate and M&A in Cyprus

Antis Triantafyllides & Sons LLC

Antis Triantafyllides & Sons LLC acts for domestic and international commercial and investment banks, insurance companies, financial services companies and other companies such as media and entertainment companies. Other clients include companies from the technology, telecoms, food and beverage and pharmaceutical industries. Practice head Stelios Triantafyllides has advised on numerous high-profile Russian M&A deals where there has been a significant Cypriot dimension. It also acts for buyers and sellers from all over the world and is able to cover associated tax and regulatory matters. The group frequently advises on public and private securities offerings, and securities law compliance, as well as local and cross-border M&A. Corporate restructurings are another core area of activity.

Practice head(s):

Stelios Triantafyllides

Other key lawyers:

Elvira Georgiou; Alexey Podlesny


‘What is unique is the specialisation and technical expertise in various areas of law and in particular financial services regulations, trust law and corporate/commercial law. It also offers a blend of high quality, timely and practical advice.’

‘Mr. Stelios Triantafyllides has proven to be a very valued and respected colleague. He has a unique and in depth knowledge and experience in international corporate and tax law as well as Cyprus trust law and matters pertaining to financial services regulations. His advice has proved beyond reproach and he is always punctual on the agreed time frames.

‘Deep legal knowledge, effectiveness, proactive approach, solution finding approach, commitment, business minded.’

Good insight and knowledge of the corporate and business sectors. Stelios Triantafyllides – excellent knowledge of corporate law, international experience and an innovative thinker.

‘Great client service – always available, focused on commercial and legal aspects, pragmatic legal advice.

‘Prompt reaction to our request for service, efficiency, and broad knowledge at reasonable costs. Wide knowledge of all the legal matters relating to Cyprus. We are impressed with the service provided by Stylianos Triantafyllides’.

Key clients



Cyprus Chambers of Commerce and Industry

Etalon Group

Hennes & Mauritz

Intel Corporation

NCH Group


Renaissance Group

Schlumberger Oil

Swissport International

Work highlights

  • Assisted with drafting all relevant corporate documents and other ancillary documents, giving legal opinions to the Jersey Authorities and preparing and submitting all relevant applications to the Cyprus Authorities for the temporary and permanent re-domiciliation of two Jersey companies.
  • Acted as Cypriot counsel for Ozon Holdings plc, a leading online retailer in Russia, with respect to its initial public offering (the “IPO”) of 33m American depositary shares (the “ADSs”) representing 33m ordinary shares at a price to the public of $30 per ADS on NASDAQ for gross proceeds of $990m. The IPO of $990m is the biggest offering of a Russian company since 2017, the results of which put Ozon’s valuation at about $6.2bn.
  • Advised IVI.RU, whereby various investors (including VTB, Invest AG and Millhouse) acquired at least 25%+1 shares in the client in a combination of cash-in and cash-out. The firm provided general legal advice from a Cyprus law perspective on the relevant agreements (such as a subscription agreement and a sale and purchase agreement), as well as assisted with the review of the articles of association and provided general advice on the structure and mechanism by which the investment took place.

Christodoulos G. Vassiliades & Co. LLC

Christodoulos G. Vassiliades & Co. LLC fields a ‘responsive, knowledgeable and professional’ team that is ‘efficient, highly motivated and has a client-oriented approach’. It has a wealth of experience in both domestic and cross-border M&A, commercial contracts and joint venture arrangements. In addition, it is recommended for its expertise in issues such as the incorporation, management and administration of all types of companies, as well as other issues including advice on securities law and governance matters. The department is jointly led by Christodoulos G. VassiliadesKoulla DemetriouLouisa Massonidou and Annamaria Vassiliades. It receives a regular flow of instructions from key international law firms.

Other key lawyers:

Maria KyriacouKaterina Berou


‘The practice at Christodoulos G. Vassiliades & Co. LLC is truly unique in respect of its position and its strong track record. Its command and in depth knowledge of all relevant laws and regulations has earned the practice trust and a good reputation. The team is perfectly structured and equipped to achieve the best results that are tailored to its clients’ needs and expectations.’

‘The professional team at Christodoulos G. Vassiliades & Co. LLC stands out for its friendly attitude, which at the same time is highly professional, their spirit and dedication. Mr. Christodoulos Vassiliades is the heart of the practice and his dedication and hands-on attitude is most respectable and valuable. Mrs Annamaria Vassiliades is an outstanding lawyer with the highest professional spirit who is always eager to provide her valuable support whenever required. Ms. Maria Kyriacou is a valuable asset who is very knowledgeable and is always professional.’

‘The practice is well established and during its long years of practice has earned an excellent reputation for its professionalism and strengths in the field. It is unique due to its customary approach to every single case and the dedication of the practising lawyers to the clients’ needs. Ms. Maria Kyriacou is an excellent lawyer with high spirit and professional attitude. Mrs. Annamaria Vassiliades is exceptional with the clients and is always ready to accommodate and resolve clients’ issues.’

‘A comprehensive set of legal services, high professionalism of the team, its vast experience and overall value for work done are highly appreciated by us as a long-term client of Christodoulos G. Vassiliades & Co. LLC. For many years we have been working with Mrs. Maria Kyriakou who has high professionalism, prompt and efficient delivery of the legal products and solutions, a gentle manner of communication and a client-oriented approach.’

‘The Vassiliades team is highly professional and capable of providing detailed and well-grounded advice on complex matters involving Cyprus law. The team is easy to work with and provides timely assistance. We are 100% satisfied with billing, value for money and the overall level of assistance and advice. The best Cyprus adviser I had during my more than 20 years of work. We get well-grounded answers quickly. Team members are always available. Mr. Vassiliades is highly competent and is ready to get personally involved if needed.’

‘This is a team of professionals who know their business perfectly, with a lot of real practice. The team is always focused on results and to providing comprehensive solutions to issues in the interests of the client. They will always find an acceptable solution for the client with a high level of service and in the shortest period of time.’

‘High professionalism and excellent education background of the team, extensive work experience, team consistency, customer focused, timely resolution of issues and successful outcomes. Mr. Christodoulos G. Vassiliades, Managing Director.’

‘The firm is very client-oriented and flexible, ready to find a legal solution for every situation. Annamaria is our point of contact, she resolves all issues we have with care and attention.’

Key clients

Pizza Fun


Baker & McKenzie

Hogan Lovells

Credit Bank of Moscow

Chrysostomides Advocates & Legal Consultants

Chrysostomides Advocates & Legal Consultants regularly acts on corporate and commercial transactions involving Cypriot companies, and it is particularly strong at advising on acquisitions of both private and public companies (including domestic and cross-border mergers and corporate restructurings), as well as joint venture arrangements. Under the leadership of Chryso Pitsilli-Dekatris, the group acts for clients such as large international corporates and financial institutions, as well as middle market and emerging companies. Anna Rossides is another prominent member of the department.

Practice head(s):

Chryso Pitsilli-Dekatris

Other key lawyers:

Pavlos Symeonides; Artemis Amalia Metaxa; Anna Rossides


‘Its strengths lie in its skill and experience and longstanding good reputation. Response times and constructive approach to finding solutions.’

‘The Chrysostomides team is excellent. It has expertise in all areas we asked their advice for and provided it in a friendly and professional manner. All the individuals we worked with had deep knowledge. They provided their advice efficiently and effectively and they met the timelines set, which is really important. Their overall approach is excellent.’

‘It is a blend of exceptional professional quality, creative thinking and mindfulness of deal-specific constraints that make the Chrysostamides team stand out. Working with them, I know at all times that they are not simply delivering legal service but watch my back.’

‘Pavlos Symeonides (partner) is effectively an embodiment of superior professionalism, unconventional thinking and staying on top of the legal developments in all transactions I have had a pleasure of working with him. I truly appreciate that fact that Mr Symeonides always flags the nuances that matter and provides a range of end-to-end solutions.’

‘Very professional performance and client-oriented.’

‘Artemis Amalia Metaxa is highly professional and very rapid in processing the cases and quick feedback. She delivers very high quality advice, is very friendly and all in all is an exceptionally good lawyer.’

Key clients

East Line Group

Veeam Software

Milkiland N.V.

VNV Global

Ovostar Public Company Limited

Societe Generale Bank – Cyprus Limited

Estée Lauder Companies Inc.,

Venus Minerals (Cyprus) Limited

Work highlights

  • Advised a global pharmaceutical company Endo International PLC on a multibillion dollar internal reorganisation and related transactions.
  • Advised HC Alliance Mining Group Ltd and Lexor Group S.A. (gold mining) on a $120m acquisition, which resulted in a merger through reverse takeover with Amur Zoloto, a mid-sized gold producing company.
  • Advised and supported VNV Global (investment company)in relation to all Cyprus law matters arising from the group’s $170m redomestication plan.

Chrysses Demetriades & Co Law Office

Chrysses Demetriades & Co Law Office has one of the largest units on the island for handling the registration of companies in Cyprus and elsewhere internationally. The team is vastly experienced in corporate acquisitions, reorganisations and mergers and continues to play a pivotal role in some of the most important deals and projects in the country. Another core area of expertise involves advising international and domestic clients on the establishment of regulated insurance companies in Cyprus. With Chris Georghiades at the helm, it has also been busy acting for equity funds and other firms advising them on their investments in (predominantly) start-up companies in the technology sector. Michaela Hadjihambi also has extensive experience of a broad range of corporate transactions.

Practice head(s):

Chris Georghiades


‘Professionalism, commercial awareness, efficiency, teamwork. Knowledgeable, competent and integrity. Ability to draw on experiences and skillset of individual team members. Very knowledgeable experts drawn from a multidisciplinary practice.’

‘The team at CD LLC is unique in having diversified expertise in almost all areas. Their responsiveness is quick and timely. The individuals are offering personal attention to the clients’ needs and offer solid and useful advice for specific issues so that clients can benefit from the expertise.’

‘Excellent delivery, fast responses, the information is clear and straightforward. The team has helped a lot by advising on the best practices and the possible options for the client. They own their tasks and provide guidance to resolve the corporate issues quickly and effectively.’

‘Constantinos Mavrellis – excellent management of the deal, he has great knowledge and a flexible mindset. Anita Stylianides – fast and clear responses, great help with the implementation of the advice, not just telling us what we should do.’

‘I have cooperated with this firm for over 40 years. They provide diverse services through knowledgeable partners/directors and key legal assistants. Their response is timely and relevant.’

‘This practice is highly organised, very business-oriented and highly diverse in its areas of expertise, thus making it an excellent option for clients with multi-dimensional needs. The individuals who we have worked with have excellent knowledge of their respective fields, immense market knowledge and a can-do attitude that we have highly appreciated.’

‘Always they try to understand the business case before they review the legal standing. Always take the time to explain and always with a positive approach.’

Key clients

Amathus Public Ltd

Olympia Group


Nest Investments (Holdings) Ltd

NBG Pangaea (now Prodea Investments)

Eurogate Cyprus

Columbia Marlow


Lanitis Group


Trust International Insurance Company (Cyprus) Limited

Work highlights

  • Acted for equity firms Volition Capital and Horizon Capital in relation to their investment in Creatio, a global software company that provides a low-code platform for process management and CRM.
  • Acted for Kingsway Capital, a U.K-based private equity fund with over $2bn in assets under management, in relation to its investment in Genesis Digital Assets, an industrial-scale bitcoin mining operator, which has raised $125m in equity funding.
  • Acted on behalf of Kismet Acquisition One Corp (“Kismet”) (Nasdaq: KSMTU), a special purpose acquisition company (SPAC) and performed due diligence on Nexters Global Limited. Following completion of the due diligence exercise, the firm advised Kismet in connection with the documentation that will result in Nexters becoming a publicly-listed company on the Nasdaq Global Select Market under a new GDEV ticker.

Clerides, Anastassiou, Neophytou LLC

Clerides, Anastassiou, Neophytou LLC attracts a strong flow of work from large corporate clients, ‘Magic Circle’ firms and international law firms, as well as various institutional investors. Its team’s wide-ranging expertise includes M&A, private equity and venture capital deals, joint ventures and angel financing. Other strengths include advice on regulatory matters and tax law (including international tax planning) matters. In addition, the department is able to advise on insolvency and restructuring matters. The joint heads of the practice are Effie AnastassiouStavros Clerides and Andri Stylianou.


‘The team is very efficient and reliable. They are always responsive and pay attention to detail. Stavros Clerides and Effie Anastassiou are the partners I have worked with. They are both very efficient and knowledgeable.’

‘The firm has a team of lawyers who are highly professional and not only meets but very often exceeds our expectations. They have a sound understanding of business matters and the practicalities involved and thus are able to assist us in navigating through various issues in an efficient way. Also their response times are impressive. Their fees are competitive and they are always flexible to accommodate budgets.’

‘One of their strengths is that the corporate team is assisted by an excellent tax team and this way it has a value added approach. This combination provides us with complete solutions for all the legal needs of our clients. We work with Effie Anastassiou for corporate and bank finance transactions and with Stavros Clerides for tax matters.’

‘Effie Anastassiou is providing an exceptional quality of service, complete and accurate legal advice. She is very thorough, committed on every assignment and always has valuable comments and creative suggestions to make. She can be reached at any time and has always managed to meet our deadlines however tight they may be.’

‘Stavros Clerides has an exceptional grasp of tax and legal matters and is of great assistance when we require innovative cross-border structuring work and tax planning. He is a brilliant lawyer with a deep understanding of corporate finance and business matters which inspire complete confidence about the complex structures that he suggests.’

‘Highly professional and great customer service. Effie Anastassiou and Stavros Clerides are both highly professional lawyers who have supported us in a number of transactions.’

‘The firm offers specialist knowledge, high level of quality and prompt responses. They have an extremely efficient team of lawyers with in-depth knowledge of corporate and tax law and high levels of professionalism and solution-oriented attitude. They are among the very best in Cyprus, having the ability and willingness to put extra resources behind a matter, if required.’

‘Our group of companies is mostly served by Stavros Clerides and Effie Anastassiou. Stavros is an outstanding practitioner, highly creative and skilled and has huge experience in the arrangement of complex structures. He has in-depth legal knowledge of specialised legal issues, common sense and provides valuable business-oriented advice. Effie has deep legal knowledge, can think outside the box and she is result-oriented. She is highly professional, proactive, with excellent response times. We also have contact with Andri Stylianou. She is very responsive and dedicated and combines legal and industry knowledge.

Key clients

Pereneli Limited (real estate)

Sakyrco Properties (construction)

Mohari Hospitality (hotel management)

Pay-me (software development)

Yandex (technology)

Mobileye BV Group (IP/software) -US listed

DLA Piper (law firm)

Tiger Global (institutional)

Bluehouse Investment Advisors Limited (AIFM)

Phanos N. Epiphaniou PLC (retail)

Work highlights

  • Advised two high-net-worth individuals on the structuring and implementation of a joint venture for the acquisition, development and resale of luxurious properties in highly developed areas of world-famous Greek islands.
  • Advised a leading global internet investment firm on its investment into a start-up company building a neobank.

Elias Neocleous & Co LLC

Led by Elias Neocleous, the large team at Elias Neocleous & Co LLC excels in significant domestic and cross-border M&A, restructurings and insolvencies, as well as corporate finance work. In addition, it advises many high and ultra-high-net-worth clients on their corporate structures. A distinguishing feature of the practice is its significant involvement in renewable energy projects, including wind and PV projects. Demetris Roti has experience of handling M&A for international law firms and corporations, credit agencies and international commercial and development banks.

Practice head(s):

Elias Neocleous


‘A large team with a wide range of expertise, which still manages to keep a uniquely united front. This leads to excellent collaboration and a customised service.’

‘All team members were keen on developing professional and personal relationships with me and my team. Namely Mr. Elias Neocleous and Mr. Dimitris Papoutsis, who cultivated an excellent relationship with the bank.’

‘The team is very experienced and responsive. They work extremely hard to achieve the best possible results for their clients.’

‘We work mainly with Elias Neocleous. He is always available, very motivated and rigorous in his approach to every matter. He works extremely hard to achieve the best possible outcomes for his clients.’

‘A multidisciplinary team that provides individually focused counselling and high quality services to clients.’

‘The service and advice are first class in every area. Their main strengths are their business-like advice, attention to client service and specialisation. 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. They have specialists in all areas so their advice is always excellent and takes into consideration our business’ particularities. All in all, they are second to none.’

‘Personally, most of my dealings are with Andreas Christofides and Costas Stamatiou. My experience with Andreas and Costas is that they are at the top of their profession, very expert and very helpful. Costas Stamatiou is approachable, very experienced and efficient. Andreas Christofides is very knowledgeable hardworking and practical. They are both entirely reliable.’

Key clients

Acer Inc

Acer Europe S.A


Allea Group Holdings

Aphrodite Hills Resort

Avanti Communications Group

Bank of Cyprus

Blackstone Group International LLP


J.C Flowers & Co

CYREIT Variable Capital Investment Company PLC

International Finance Corporation

LongWing Energy S.C.A

Visa Europe Limited

Avanti Communications Group plc

SAZKA Delta AIF Variable Capital Investment Company Limited

European Bank for Reconstruction and Development

Futures Industry Association


Mediterranean Hotel Ventures Limited

Landmark Hotel Nicosia

Limassol Marina

Mall of Cyprus

Deutsche Bank AG

Prodea Investment Company Limited

PeWeTe Group

Pepperstone Group Limited


BW Shipping (formerly Bergesen Worldwide)

Work highlights

  • Advised Invel Real Estate Management Limited and Prodea Real Estate Investment Company S.A on acquiring I00% of the share capital of the Parklane Hotels Limited, which included the assets (land and buildings) and the operations of the five star Parklane Hotel, and its associated tourist facilities, as well as an existing residential towers development comprising of 20 luxury residential units.
  • Advised an international investment fund on establishing a dedicated specialist hospitality fund for the south eastern European region, including advice on the contribution into that fund of a portfolio of prime hotel assets located in Cyprus, Greece and Italy and acting in the acquisition of a number of further significant hotel and luxury resorts by the hospitality fund.
  • Advised FedEx on the Cyprus related corporate and M&A aspects and issues arising as a result of the FedEX  acquisition of TNT Express-NV and the global merger between TNT Express Worldwide B.V and FedEx Express International B.V.


Harneys' first-rate reputation for corporate and commercial work sees it frequently act for clients on complex multijurisdictional deals. The group acts for large corporates on high-level acquisitions and it also regularly advises on stock exchange rules, squeeze-out provisions, mandatory takeover bids and dual listings. The firm has a full-service financial services regulatory team and also the only BVI foreign desk in Cyprus. In addition, it has an excellent investment funds team. Clients include major private equity firms and multinational corporations and it has been appointed to the list of recommended counsel for almost all of the Magic Circle law firms.  Demetris Loizides heads up the department. Nancy Erotocritou has an excellent track record in capital markets work, including dual listings. Counsel Sonia Hamshaw is another key individual in the team.

Practice head(s):

Demetris Loizides


‘We often work with Harneys in Cyprus on various projects, including in the M&A, general corporate, corporate restructurings and related capital markets matters. I think very highly of the firm and hold Harneys in high regard. They are very efficient, responsive, ready to work outside comfortable working hours and are able to assist with finding creative and workable solutions to complex matters.’

‘Harneys has a strong team of partners, counsel and associates in Cyprus. Valentina Hadjisoteriou, counsel, stands out for her great knowledge of corporate law and related matters, the ability to find structuring and creative solutions, and is generally very responsive and able to produce great results within a short time frame. Nancy Eritocritou, partner, has impressive knowledge of public M&A and capital market matters, including buybacks, tender offers, governance and related matters, and is also very responsive and able to find and suggest solutions to complex matters.’

‘Very capable and responsive team, our first go-to law firm in the region. They are very reliable, proactive and with transparent billing policy. Nancy Erotocritou – excellent team and highly responsive co-operation. The team provides an excellent service and is of a quality that one would expect from a ‘Magic Circle’ London based law firm and that is by no means a standard in the region.’

Key clients

Nexters Global Limited


Moon Active


TCS Group Holding PLC (TCS)



Alexandrou Corporate Services

Work highlights

  • Advised TCS Group Holding PLC (TCS) and its board of directors, in respect of a cash and share takeover offer made by Yandex N.V. (Yandex)- subsequently aborted.
  • Advised Nexters Global Limited, a Cyprus-based mobile and social game developer and publisher on entering into a definitive business combination agreement with Kismet Acquisition One Corp. (Kismet) (Nasdaq: KSMTU), a special purpose acquisition company (SPAC).
  • Acted as counsel to Letterone and provided Cypriot law advice in connection with complex restructuring, involving the Cypriot holding company of Letterone, the subsidiaries of which hold the stake in Turkcell.

Ioannides Demetriou LLC

Ioannides Demetriou LLC is lauded for its ‘very high levels of service and for its ability to provide solutions to complex issues’. The knowledgeable and very competent group generates mandates from large commercial enterprises, significant insurance companies and universities, as well as major semi-governmental organisations. In addition, it acts for numerous accounting firms and fiduciary service providers and its partners are frequently involved in drafting key primary and secondary legislation in this area. The group has experience of M&A, reorganisations, joint ventures, energy-related commercial transactions and tenders and contracts in connection with infrastructure projects. The heads of department are Pambos IoannidesAndrew DemetriouChristina Ioannidou and newly promoted partner Katerina Hadjichristofi . Zoe Christou is another key individual in the group, which garners praise for its responsiveness and for its in-depth knowledge – these are impressive’.


‘I had the pleasure to be attended by Ms Katerina Hadjichristofi, who is very competent and very attentive to our company’s legal needs and generally completes her tasks in a timely and accurate manner. She has shown that she has a commercial understanding of the financial services industry something which was useful in reviewing and drafting contracts of service to our company.’

‘The firm has an experienced, efficient, knowledgeable and dedicated team. They offer prompt response and high quality of work. Mrs. Katerina Hadjichristofi, director of the firm, is very knowledgeable and efficient.’

‘Having visited many law firms in Cyprus in order to choose which one to work with, I consider Ioannides Demetriou LLC the preferred choice and hence the best one. Not only are they extremely professional, but they sincerely took care of my interests by proposing the best and most economical solutions, and finally being able to deliver successfully in every single one. Their team was on time every time a deadline was set with continuous communication when needed. The billing was correct, and well elaborated. Our collaboration has been exemplary.’

‘Their team members work together to produce best results. Their billing was very fair and well-explained, and so there has never been any room for doubt. In every legal case or matter they handled for me, they served my interests, when sometimes this meant less potential legal fees for them. The team is honest, professional and highly competent. Due to this, they were able to build a trustworthy and honest business relationship. The partners I have worked with and they stand out are Mr. Andrew Demetriou, Mr. Pambos Ioannides and Mrs. Christina Ioannides. From the associates I worked with, the one that stands out is Mrs Zoe Christou.’

‘Pambos Ioannides – very astute and quick minded. To the point, huge experience. Christina Ioannidou – Very strong intellect, always accessible and quick to respond, down to earth advice.’

‘The firm is characterised by its high level of services and responsiveness. The calibre of the partners and directors of the firm stands out. It is a trustworthy firm having the power to deliver results with professionalism, integrity and efficiency. Mr Pambos Ioannides and Christina Ioannidou are remarkable professionals with incredible depth of experience and intellect who understand our business needs. The individuals from the firm we work with stand out as they provide high quality practical and innovative advice. They are always available to assist with urgent matters.’

‘The firm’s client service is excellent – very responsive and available/interested to discuss and understand the nature of our business or our point of view. The partners and the associates are experienced, knowledgeable and well respected in Cyprus. Communication is facilitated with quick, direct and clear substantiated responses. The partners and the associates are experienced, knowledgeable and well respected in Cyprus. Always easy to assess them and discuss matters with them.’

‘The team is highly motivated, competent and pragmatic; Swiftness in responding. Andrew Demetriou: very proactive and is on top of every issue and case no matter the complexity.’

Key clients

Cyprus Stock Exchange

Cyprus Health Insurance Organisation

NKS Shacolas Group

Hermes Airports Ltd

Louis Group

Petrolina Holdings Public Co Ltd

VLPG Plant Ltd

Archbishopric of Cyprus

Electricity Authority of Cyprus

Frederick University

Cybarco Development Ltd

Cyprus Agricultural Payments Organisation

CNP Cyprus Insurance Holdings Ltd

HD Insurance Ltd

Eurosure Insurance Company Ltd

European Agency for Special Needs and Inclusive Education

Cosmos Insurance Public Company Limited

Eurobank Ergasias SA / Eurobank Cyprus Ltd

Hellenic Bank Public Co Ltd

Grant Thornton

Mercuria Energy Group

Apollo Global Equities Fund of Funds Vcic Plc


Bank of Cyprus Public Co Ltd

Hellas Insurance Ltd

Tsokkos Group

Cyprus Organisation for Storage and Management of Oil Stocks

Work highlights

  • Advised and continue to advise a consortium of local and international investors in relation to the submission of the tender for the construction and operation of the two airports of the Republic under a 25-year concession by the Government of the Cyprus Airports.
  • Acting as legal advisors to Petrolina, the leading Cyprus petroleum company in the country, advising in relation to all matters pertaining to their operations including joint venture for the purpose of  the construction of new LPG storage facilities, and handling corporate/commercia/competition and financing matters.
  • Acting as Cyprus counsel to G4S Plc in relation to the reorganisation and sale of the cash business of G4S Plc to Brink’s Company, the value of which exceed €800m.

Patrikios Pavlou & Associates LLC

Patrikios Pavlou & Associates LLC provides ‘pragmatic, concise, commercial and responsive advice that is solutions-oriented’. Under the leadership of Stavros Pavlou and Lia Iordanou Theodoulou, the group regularly advises clients on strategically significant cross-border M&A, reorganisations and re-domiciliations in and out of Cyprus. The ‘knowledgeable and hardworking’ group has recently been advising on company liquidations and complex corporate governance issues, as well as various IP matters. Other work included multimillion dollar acquisitions, complex mergers, share purchases and sales, as well as a wide range of regulatory issues. The firm has close links with numerous international law firms and has particularly strong associations in Europe, USA, Russia and the CIS countries, Middle East and Asia.


‘The most unique feature of this practice is its people, and client-friendly approach. I very much enjoy working with PPA, they are always there for their clients and ready to help. Also they offer flexibility in terms of fees: we always manage to adjust changes to the scope of work to the quote acceptable for us. I believe this is one of the best law firms in Cyprus.’

‘Exceptional attention to details and to clients’ needs, high quality and due performance, ability to meet the strictest and ever changing deadlines (this relates both to Angelos Onisforou and Angeliki Epaminonda).’

‘The people are hard-working, available and knowledgeable. Always a real team effort. Their network across different service sectors has been a real bonus. Makes a client’s life much easier. We have worked with many departments. Stavros Pavlou has always been available and goes out of his way to ensure the correct team is assisting at all times. Stella Strati, Lia Lordanou Theodolou and Elena Georgiou have all shown themselves to be very knowledgeable, conscientious and committed to the various files they are involved with.’

‘Very efficient and work well together for many years. The best knowledge and expertise for international structuring and M&A from a Cyprus perspective. Very comfortable and punctual. Highly recommended- Stavros Pavlou, Lia Iordanou, Stella Strati, Stylianos Trillides, the best.’

‘Professional approach, dedicated team, reasonable prices. Direct communication with proper feedback from Stylianos Tryllides.’

‘Lia Iordannou is a stand out partner who is perfect at managing her team. She is always ready to assist in our inquiries. She is very professional and manages our issues. Also I would like to praise Stylianos Trillides for his support in the last year.’

Lia Iordanou is a stand out star in the Cyprus legal market. Lia should rightly be ranked as a top tier lawyer. Lia consistently provides highly attuned legal support and knows exactly what her clients want and how to deliver that. Lia is a trusted client adviser. When a project is important and carries time pressure, we know that we can safely rely on Lia to timely get the project across the finish line.’

‘Stella Strati is another super talent. Stella is commercially focused, technically brilliant and highly responsive – everything that a client wants. On top of that Stella is an absolute delight to work with and has a proven record of successfully delivering on the most complex cross-border transactions.

Key clients

Gazprombank JSC

LSR Group

TMK Group


Ivanyan & Partners

Deutsche Bank AG

Baker Botts LLP

Rybalkin, Gortsunyan & Partners

Sberbank CIB


Bryan Cave Leighton Paisner (Russia) LLP

Latham & Watkins LLP

Morgan, Lewis & Bockius LLP

Work highlights

  • Advising a major Russian financial institution in relation to the enforcement of security over the shares of a Cyprus company, which is a holding company to a major Russian group. The firm is actively involved in setting up the corporate structure, in managing the assets, engaging valuers, accountants, auction houses, and other professionals; coordinating the various subsidiaries in the group, in preparing, negotiating, drafting and seeing to the execution of the necessary documents, provision of ongoing legal, financial, tax, and corporate advice and assistance. The secured obligations amount to more than €2.5bn.
  • Engaged by a professional and reputable insurance company in Cyprus to assist them in the development of a new niche insurance product, for approval by their UK-based underwriters, intended to be sold to financial services companies in common law jurisdictions, including Cyprus.
  • Advising a prestigious and leading group of companies operating in the oil and gas sector internationally, with respect to the intra group restructuring of several companies of the group operating in various jurisdictions and in particular, the holding Cyprus company.

CA Advocates (Pourgoura & Aspri LLC)

CA Advocates (Pourgoura & Aspri LLC) is ‘very efficient, effective and dynamic; the team delivers accurate results on time while the fees are very reasonable’. It regularly advises on a range of high-value and international transactions, such as IPOs, M&A and reorganisations. It is increasingly sought after for advice on matters connected with the IT industry, in addition to being active in sectors such as tourism, entertainment and real estate. The practice is led by Alexia Aspri and Celia Pourgoura, who garner praise as being ‘super clever but always available to their clients and always with a smile’.

Practice head(s):

Alexia AspriCelia Pourgoura

Other key lawyers:

Evie Constantinou


‘At CA Advocates every client feels important, regardless of their size or volume of work with the firm. All members of the staff are extremely polite, efficient and available at any time to provide their assistance. I really appreciate the fact that they have the capacity to deliver turn key solutions and undertake a transaction from beginning to end, allowing the client to feel at ease that the best possible result will be delivered. I consider they have handled the pandemic crisis extremely well by the excellent utilisation of technology and virtual contact.’

‘Celia Pourgoura is so remarkable! She is the most organised and efficient professional I have ever come across! Alexia Aspri is really knowledgeable and always ahead of every obstacle! She is always available to provide her support and deliver efficiently and effectively!

‘The key strength of the firm is the tightly-knit but experienced team, which is knowledgeable and service-oriented. Speed and quality of response is impressive. Celia Pourgoura, who we deal with, is truly of very high quality, both in terms of ability and speed of execution. Attention to detail also makes the firm, and in particular Celia, stand out.’

‘Very proactive and energetic and client-oriented. Celia Pourgoura always finds the right pattern to communicate with the client. Alexia Aspri is a brilliant lawyer, being able to give legal advice under most difficult cases. Evie Constantinou is very diligent and knowledgeable in her field and very prominent young lawyer.’

‘The practice is unique in the way that handles its clients! Every client gets the chance for first-class service, no matter the size and value of their project! We have been working with the firm for many years and never encountered any difficulties. We have seen the practice grow and obtain great expertise, however the top level management are always available for whatever we need.’

‘Both Celia and Alexia are exceptional in all their dealings!! Their personal approach and immaculate service is what makes them and their team stand out! Celia Pourgoura is simply amazing. She delivers an excellent service.’

‘The partners are always on top of all issues with a willingness to solve any practical issues promptly, making sure that all deadlines are always met. Most administrators/lawyers are always on top of all issues with a great work ethic!’

‘The individual attention and the excellent service given. Excellent response times, results-oriented, paying attention to details and particularities of each transaction. Ms Alexia Aspri has deep knowledge of Cyprus law. She is very meticulous, friendly and always accessible when needed. Very efficient even in short deadlines.’

George Y Yiangou LLC

George Y Yiangou LLC frequently advises banking and real estate clients on a wide variety of high-value and complex deals. The team, which is jointly led by Chris Yiangou and Lory Cirstea, is well-placed to advise on joint ventures, shareholder agreements, restructurings and capital markets transactions, among other matters. Its clients include private individuals, financial institutions and multinational organisations. In addition it regularly works with some major international law firms on multijurisdictional transactions. The group is also recommended for its funds expertise and experience of advising on the formation and use of trusts.

Practice head(s):

Chris Yiangou; Lory Cirstea

Key clients


Sberbank of Russia

Sberbank CIB

AO “Alfa-Bank”

Saudi Aramco

Volkswagen Bank GmbH


VTB Leasing

Gallery Media Group

Vitol Group

AREA Property Partners

AIG Investments

Redstone Global Real Estate Group


MDK – Group

Chain of Supermarket

RMB Consult Ltd


Capman Russia Fund

Work highlights

  • Advised Alfa Bank in respect of the acquisition of GDRs of a Cyprus Company (traded on LSE and MOEX), the total return swap and subsequent sale of GDRs.
  • Acting for a large investment fund on a high value transaction involving, amongst other matters, the purchase of a controlling stake in a newly registered Cypriot company owning subsidiaries in various jurisdictions operating in the energy sector.


KINANIS LLC‘s ‘proactive’ team has a strong profile among companies in the medical and diagnostics, energy and betting industries. It also acts for other regulated entities listed on the stock exchange. In addition to generating mandates on a standalone basis, the firm regularly works with major international law firms on a variety of matters such as the re-domiciliation of companies and other company secretarial matters. Christos P Kinanis heads the department, where the partners are praised for ‘working perfectly as a team, almost like a Swiss watch which helps a lot in solving any problems’. Counsel Andrea Ioakim is also recommended.

Practice head(s):

Christos P Kinanis;


‘Kinanis’ team is comprised of highly talented and experienced individuals, who are always at your disposal to address your needs. They are very responsive and their advice is always complete and accurate. Kinanis has the luxury of deploying a versatile team, each one of them focusing on their field of expertise and is able to address your every need. By working with them, I have the assurance that I will receive a quality service.’

‘We have been working with Kinanis for many years now and they have managed to maintain more or less the same team and definitely all the key people. As a client I feel confident that the team knows what issues are key to me and they need little background information or anything else to offer to the point service.  I have worked with Maria Makridou mostly. I found that in other law firms partner involvement is unreasonably costly; not so at Kinanis LLC.’

‘‘The team is exceptional, working very hard and very efficiently. Having worked with them for over 25 years, they provide very good advice, not many ifs and buts and always in a quick and efficient manner.’

‘Yiolanda has been the main point of contact and is always professional, available and extremely dedicated towards doing everything possible to assist us in the shortest amount of time. Her biggest quality is her ability to quickly understand our needs and involve the most suitable people. We have been extremely satisfied with Yiolanda and grateful for her dedication to our firm.’

‘We work with Andrea Ioakim and many other professional counsels and corporate officers of Kinanis LLC Law Firm. Widest knowledge and expertise in all and aspects of company/contractual/tax/banking law.’

‘Corporate practice of Kinanis LLC is known for its full service aimed at every stage of a company’s life cycle. Their experience in this field is unparalleled in Cyprus, that’s why we always choose Kinanis for projects with corporate issues. Their team of corporate lawyers offers solid and pragmatic legal advice on a full spectrum of corporate transactions to clients from a wide range of industries. Similar to their other practices they have a very reasonable fees policy, which is truly remarkable given the exceptional quality of the firm’s services.’

‘The qualities we value in them most are: ability to provide corporate solutions in multiple jurisdictions, working fast and independently, delving deep into the most complex and intricate details, finding the most unusual solution, being very client-centred and friendly.’

‘Highly responsive team which handles effectively a range of complex issues and provides detailed and well-thought advice committed to achieve the client’s legal goals. Maria Makridou is always available to discuss an issue and has an in-depth understanding of all commercial issues raised and is highly supportive and thorough in her advice.’

Key clients

Sekurinvest Limited

I.T.S. Infinity Technology Solutions CY Ltd

PeopleCert Group

DLA Piper Russia Limited

Michael Kyprianou & Co. LLC

Michael Kyprianou & Co. LLC regularly advises clients on all aspects of intra-group corporate acquisitions, mergers, restructurings and commercial agreements. It also assists with related financing arrangements and provides tax structuring advice. Lambros Soteriou, Tonia Antoniou and Ioanna Solomou co-head the department, which advises clients from a range of sectors, such as healthcare, food and beverages, financial services, transport and infrastructure. It is experienced in acting on transactions alongside international law firms, and often takes a lead role in coordinating matters with a cross-border dimension.


‘It is a pleasure to work with MK on our Cyprus-related projects. Their value for money and prompt responses make them stand out from other law firms in Cyprus. Lorena Chalarambous is very efficient and client oriented.’

‘The firm has extensive experience with the Cypriot holdings of Russian businesses and  an understanding of the typical issues with such holdings. Lorena Charalambous is an excellent lawyer, available even outside of working hours, ready to accommodate urgent requests; always ready to explain any issues that arise; always ready to accommodate our business needs.’

‘The team of Michael Kyprianou & Co LLC consists of gifted and creative consultants who consistently deliver high-quality services. Their energy and enthusiasm for service is endless and they always ensure a solution-focused and expertly designed outcome. The team is reliable, flexible and a pleasure to work with and I highly recommend them.’

‘Michael Kyprianou & Co LLC team holds the unique skill of providing high quality legal assistance while understanding the business needs. I would highly recommend each and every individual working at Michael Kyprianou but in particular Ioanna Solomou, where her commercial acumen and practical approach in facilitating our requirements at a constrained timeframe is praiseworthy.’

‘The ease of communication, their efficiency in the delivery of the products and their overall knowledge of the commercial and financial markets are considered to be, in general, their team’s strengths.’

‘Ioanna Soloumou and her associate Stephanos Ayiomamitis have been very supportive and understanding of our needs. Immediate and accurate responses to our needs also trying to protect our rights.’

Key clients


XTRADE Europe Limited

Tempo Beverages Cyprus Limited

Work highlights

  • Appointed by an investor to act as the legal counsel in the acquisition of a controlling interest in a foreign credit institution.
  • Appointed as the Cypriot counsel of VTB Capital in connection with its investment in the Cypriot company, a subsidiary of the company being the producer of the COVD-19 vaccine Sputnik V.
  • Providing ongoing advice and support to AEGEO SPAS and its subsidiary company in Cyprus.

Mouaimis & Mouaimis LLC

Mouaimis & Mouaimis LLC's team demonstrates strong capabilities across a wide range of corporate and commercial matters. Its varied workload includes setting up and administering Cyprus tax-resident companies, partnerships and company liquidations. The firm frequently attracts referrals from notable international law firms. Panayotis Mouaimis, Michalis P. Mouaimis and Andriani Mouaimi jointly lead the department.


‘Professional, very responsive, reasonable prices.’

‘I am old fashioned. I look for competence, availability and results – all for a sensible price. This firm delivers that.’

‘Panayotis Mouaimis and Michalis Mouaimis are each excellent. Each delivers what I want: competence, availability and results – cost effectively.’

‘The team is very experienced in corporate and finance transactions and M&A. Mr Michalis P Mouaimis is the person to go to in Cyprus for all corporate related issues. He is very experienced and a great person to work with.’

Key clients

Dun and Bradstreet

McCormick & Company

Stratus Technologies Inc.

Bayer Middle East FZE

Interpipe Limited

International Finance Corporation

European Bank for Reconstruction and Development

PJSC Myronivsky Hliboproduct

Wallem Group Limited

European Bank for Reconstruction and Development


PYRGOU VAKIS LAW FIRM fields a ‘technically competent and a very responsive team’, which is skilled in M&A, commercial sales and investment transactions. In addition, the group advises on a diverse range of compliance issues and intellectual property matters, such as IP tax planning and IP litigation. Melina PyrgouDemetris Vakis and recently promoted senior manager Georgia Papa co-head the department, which garners praise for its ‘ability to provide tailor-made solutions’.


‘Individuals are courteous, yet professional and always available to discuss and provide solutions. Managing partners are well-versed in aspects of Cypriot corporate legal affairs, so that they provide options to clients.’

‘The firm is managed by two very experienced partners, who possess the right knowledge to assist with our requirements. They employ a good number of knowledgeable legal associates who undertake the implementation of a project. Their prompt feedback and continuous dedication to our projects have invoked a great sense of comfort to the management team of our firm, who without hesitation recommend the firm for new work. Melina Pyrgou – very well structured thinking process, with clear opinions. Demetris Vakisexcellent management skills for completing a project.

We have worked with Georgia Papa and Evelyn Ioannou who were always in touch and available for a negotiation/ discussion and who showed great knowledge of law and current business practices.’

‘We cooperate with Pyrgou on various corporate matters for our clients. Their service is professional and reliable.’

‘All members of staff are knowledgeable, experienced and highly qualified in their areas of expertise. The leading partners do not miss an opportunity to have all members of staff trained in various aspects of law. The driving force of Pyrgou Vakis is Ms Melina Pyrgou and Mr Demetris Vakis.’

‘The whole team I work with – Georgia, Evelyn, Melina, Maria make us feel welcome. I have the feeling I have known them all for a very long time. It is a pleasure to work with them. If it is needed they work above their schedule and timetable.’

‘Partners here respond at any time anywhere. There is always a response or statement regarding your case. Always calm and no panic responses enable me to focus on my business. Both partners are exceptional. Mr Vakis is able to respond and to resolve issues at all times in a friendly intelligent and logical manner.’

‘Professional team carrying out work to high standards of quality. Prompt responses with the approach to solve issues in an efficient manner.’

Work highlights

  • Advised one of the largest banks in Cyprus on corporate, commercial and financial matters in relation to amending the facilities agreement already entered into with one of its clients as a result of the COVID-19 pandemic. The value deal was circa €211m.
  • Acted as the legal adviser on Cyprus matters for a big player in the energy sector in relation to the financing of the repayment of SEK 500m senior secured fixed rate bonds and advised the client on corporate, commercial, and financial matters relating to the transaction.
  • Advised a longstanding client on a large-scale investment project relating to the development, construction and operation of a wind farm operated by the client’s subsidiary, a company registered in Finland. The value deal was €36.8m.


At STELIOS AMERICANOS & CO LLC, the ‘efficient and professional team’ is jointly led by managing partner Stelios Americanos and Soteris Costa. It is best known for its involvement in cross-border M&A and also for its experience of advising on foreign direct investments in Cyprus, particularly those connected with the real estate, tourism and energy industries. The group also has considerable expertise in restructuring and insolvency matters. Michalis Zambyrinis primarily advises on joint venture arrangements and M&A, and he is also skilled at advising on share transfers/shareholder issues. Elsewhere, the team is noted for its knowledge of the issues relating to blockchain technology.


‘Very client-oriented approach and readiness to render very professional advice in a speedy way. The team will help you understand complicated matters, find a solution in a way that is most acceptable to you. Communication is very clear and precise. You can get straight answers to specific questions and that saves time when you need to make a business decision.’

‘The team’s understanding and solid grasp of the financial services sector’s rules and regulations are outstanding and yet accessible even to budget conscious start-up businesses. The key members are continuously trained on new regulations and opinions issued by the various regulatory bodies in Europe and beyond and are always at the ready to support their clients’ claims when called upon.’

The principal partner Stelios Americanos is a smart individual of high intellect. He is a man of few words but a strong listener who is ready to whip out solutions to complex corporate legal issues that his clients are challenged by. He always tries to look at the underlying core of the issue and not what appears superficially to get a better grasp of the matter before advising the client on the best way to tackle it.’

‘Despina Americanou – one of the greatest lawyers in Cyprus dealing with M&A and other matters – she builds relationships and helps you and your team reach the goals so that the business wins (both in the matter of time/decision making and money (budget)). She has a very bright personality and a very sharp mind – she gives you clear answers (showing how the law is applied in different business situations) and explains to you all the details so that you become fully informed and can take proper decisions. She is almost always in touch with the client – which gives a lot of comfort for the client.

‘Stelios Americanos – my dealings with Stelios cover more than 20 years. His quick responses and methodical process have always paid off. Also, he is always accessible, whether travelling, home or in the office and always with a welcome response. Michalis Zambyrinis and Thanos Fiaka – both follow in the footsteps of Stelios –  same attitude, same professionalism and full of enthusiasm to serve the client and have a great coordination between them and great communications among the team that always ensures that the client’s needs will be met.’

‘Great team that is always ready to collaborate in a very efficient and friendly manner.’

‘The team is really very strong. They are very qualified and do their best in order to meet the requirements of each client and achieve the best result. Each member of the team, besides being very qualified, is a nice person, this is very important’.

‘Excellent team and excellent service; personal service and Stelios Americanos is exceptional.

Key clients

Business Process Outsourcing Solutions Company

Knafaim Holdings


EMEX Green Energy

Argus Group

Somai Group

Fortified Capital

Frontisa Ltd

Tinkoff Group

N-Tech Lab Ltd

Work highlights

  • Advising Global Knafaim in the acquisition of 49% of TUS Airways in a €10m transaction.
  • Worked with Dentons New York to assist Zubr Capital and the European Bank for Reconstruction and Development (EBRD) with a multimillion transaction in relation to their exit from the investment in Enterprise Agile Planning company Targetprocess, following its purchase from Apptio, a leading provider of technology business management solutions.
  • Advised the seller in a property transaction related to a plot in Mykonos to be developed as a luxury resort, at a transaction valued €15m.

A.G Erotocritou LLC

The ‘approachable and responsive’ team at A.G Erotocritou LLC is adept at handling large M&A, restructurings (with a focus on schemes of arrangements), regulatory matters and issues specific to investment firms and funds. The practice is led by Alexis Erotocritou, who ‘manages matters with care and attention.’

Practice head(s):

Alexis Erotocritou

Other key lawyers:

Grigoris Sarlidis


‘The team is very organised and professional, with excellent client communication skills and is able to meet very high professional standards. The partners at A.G. Erotocritou LLC have a very direct approach and are able to give precise and clear advice to clients.’

‘The team is very experienced, punctual and reliable. Alexis Erotocritou, who leads the practice, can effectively tackle any problems/concern that might surface during transactions. He is a true expert.’

‘The team has brilliant knowledge and understanding of M&A work, using best practices and tailoring them to the client’s needs. Alexis Erotocritou has a deep understanding of business and is always there to suggest better solutions than you could think of.’

‘Despite the size of the firm, they often punch above their weight. They provide reliable, responsive and sound advice. Alexis Erotocritou is calm under pressure providing practical solutions to clients across the spectrum of commercial and corporate work.’

‘All team members and specially Alexis Erotocritou are very familiar with commercial and corporate matters and offer on-the-spot ready-made solutions. They simply stand out as they have always been punctual with deadlines and are always available to provide a solution or an answer to a question.’

‘Most of the team members are dual-qualified, which is extremely helpful. This combination makes the team unique and particularly strong and efficient. When structuring M&A deals and restructurings, they can do everything from a single source. You only need one advisor, whereas at other firms you would need two different advisors. The tax team and M&A team are clearly one of the leading firms in Cyprus. I am very impressed by the partner Alexis Erotocritou. In addition to having terrific technical knowledge, he has exceptional negotiating skills in tax proceedings and M&A matters. He is also well connected with the authorities. He is also very strong in tax structuring.’

‘Partner Alexis Erotocritou is my primary contact in the firm and the person I have worked with most of the time. His competence in commercial and corporate matters is top notch, with a focus on delivering high quality work combined with strict attention to detail. It is a pleasure to work with him, because of his firm commitment to results which are in the client’s interest, as well as his openness and high ethical standards.’

‘Great team led by Alexis. They offer high quality of service with low prices compared to their competitors. Alexis is an amazing person with very good communication skills, broad knowledge in corporate and M&A practice and has great attention to detail. Grigoris Sarlidis is a knowledgeable lawyer who goes the extra mile to deliver and to deliver on time.’

Key clients


Alter Domus



RPT Group





Anastassiades Group


Work highlights

  • Advised and assisted successfully a Cyprus investment firm on the entire set-up and operation of a regulated investment services firm in Cyprus, the first artificial intelligence services provider platform that sought to obtain a regulated license in Cyprus.
  • Advising and assisting an UHNWI in relation to the set up and establishment of a 5 star hotel in Cyprus.
  • Instructed to represent one of the largest banks in the Eastern part of the Russian Federation in the liquidation of VMHY Holdings Ltd.   The firm is acting for, advising and supporting the bank, in the highly contested liquidation process and the dispute over the appointment of a private liquidator. The liquidation of VMHY Holdings Ltd and the dispute over its assets is receiving wide coverage in the Russian press.

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

AGP Law Firm | A.G. Paphitis & Co. LLC has a strong pedigree for advising local and international clients on a wide range of corporate and commercial matters. Angelos Paphitis and Margarita Sofokleous  lead the department, which regularly acts on on domestic and cross-border M&A, and provides escrow services on international commercial transactions (including acting as escrow agents). The firm also has six qualified accountants who have a particular specialism in corporate governance and tax matters.

Other key lawyers:

Maria Hinni


‘Progressive, reliable team of lawyers with substantial legal experience. Angelos Paphitis, Margarita Sofokleous, Maria Hinni are the main lawyers we have been cooperating with for many years. All of them are qualified professionals who provide excellent services.’

‘I am very satisfied with their client service and I would rate them very highly as every time we make any requests their attention and service are always at high standards.’

‘We have been working closely with Angelos Paphitis for nearly 15 years now. He is a very knowledgeable, strategic and highly active lawyer. Apart from being an exceptional lawyer, he also sees the business side of our tasks which is truly helpful. He is an outstanding professional and a highly skilled advocate. Maria Hinni and Margarita Sofokleous are wonderful legal counsels who are willing to put themselves into the client’s shoes and provide consistent, effective, professional responses.’

‘They are a great company. Mr Angelos is a very well experienced professional and other individuals like Maria Hinni all provide great services.’

‘Angelos Paphitis – proactive approach, client oriented attitude, always ready to help. Margarita Sofokleous – high professional with a deep involvement in the matter.’

‘Each of the team members are very client oriented, we can always obtain the reply to any question we have got. Pricing is very competitive and market value.’

‘Our cooperation with AGP has been going strong for many years now, and we could not be more satisfied with the team as well as the services provided. The firm is handling our corporate, commercial, M&A and tax matters on an exclusive basis. We are in constant communication for multiple tasks. They have a very strong team, well-coordinated with deep professional expertise, knowledgeable and commercially-minded compared to other firms in Cyprus. They find ways to stay up to date with new developments and finding new and efficient ways to attend to their clients.’

‘They have a very strong corporate team, always adhering strictly to deadlines, very thorough, hardworking and efficient. A few of the individuals that I work with are Angelos Paphitis; he is an excellent advocate and a leader, always straight to the point and very supportive; Margarita Sofokleous is also a very knowledgeable corporate lawyer and, of course, Maria Hinni is a highly skilled advocate with solid corporate knowledge and experience with whom we are very glad to be working on a nearly daily basis.’

Key clients






Pocketbook Holdings Limited

VS Energy International

Bloomberg Financial Corp

Centrogin Holding Limited

Forbes and Manhattan Ukraine

Haxus Limited


Prochoice Chrimatistiriaki Limited

Lancesia Ltd

Nilufar Ltd

Nexmark Trade Limited

Work highlights

  • Advising Pocketbook Holdings on a matter that relates to a re-domiciliation of a company from Cyprus to Switzerland. Legal entities are acknowledged by each jurisdiction in different capacities therefore the legal identity had to be amended for the Swiss authorities to accept the company as a valid legal entity.
  • Engaged on an ongoing basis to provide VS Energy International ( a large international group of companies) with all their complex corporate needs, including but not limited to on-going legal opinions on their international corporate governance matters, structuring and restructuring, insolvency and liquidation of group companies, including group M&A transactions, legal services and commercial support on acquisition of assets at an international level, etc.
  • Engaged by Nilufar Ltd to accommodate a group M&A deal between two real estate holding companies of the same group. Both have ownership of various substantially valuable properties making the merger a project needing expert execution.

Alexandros Economou LLC

Alexandros Economou LLC fields a team of ‘well-educated lawyers who have the right approach to client care and diligence in the delivery of their work’. It advises banks and financial institutions, international groups of companies and is also regularly instructed by international law firms. Its corporate and commercial department specialises in M&A, corporate restructurings and joint ventures, as well as issues over re-domiciliation and corporate insolvencies. It also has substantial expertise in the real estate sector. Alexandros Economou heads up the department.

Practice head(s):

Alexandros Economou


‘I was impressed with how effectively we worked during the last lockdown with the shareholders of the group, based in 4 different countries and time zones. The team at A.E. LLC has been organising all zoom calls and monitoring the work done for the new structure in an excellent manner, keeping track and coordinating for all the pending work. At key points where there have been disagreements , they took the time and had the patience to elaborate on everyone’s questions so that the new set up was implemented. Through technology and collaboration we managed to set up the new group in a timely way.’

‘Mr. Economou has a strong work ethic and has managed to build an excellent team. He is available and he has a pleasant and outgoing personality. The difference with large firms is that the partners are never free whereas Alexandros is always willing to reply himself to our questions. We are also working with Ms. Katsikidou. Maria is a positive person and very well organised.’

Friendly, easy to access, available to discuss issues with clients, open to suggestions by clients and or collaborators.’

‘The team is extremely responsive, always meets deadlines, is very flexible in terms of fees and is ready to work out of the operational time (which is not the case for many Cyprus law firms). Correlation between fee value and quality of services is exceptional. Usual contacts are Alexandros Economou and Electra Theodorou. Alexandros and Electra are extremely professional, very efficient, always ready to provide advice on how to move more reasonably (even if such advice implies that the services of the firm are not required). Exceptional individuals.’

‘I have been working with Alexandros Economou LLC for more than 10 years now. I appreciate their legal expertise, they provide top quality services. Value of their services comparing to their fees is very good. Alex Economou – I appreciate his good knowledge of the local Cyprus environment. At the same time he also has international experience which is very helpful in cross-border transactions.’

‘The team at Alexandros Economou LLC has my highest recommendation. Not only are they extremely responsive and efficient, but they are also able to comprehend the clients’ needs and concerns. If I only had two words to describe the firm, those would be reliability and professionalism. When it comes to Cyprus law, we trust Alexandros Economou LLC with some of our toughest projects.’

‘Alexandros Economou as the head partner leads a team of lawyers with the aim of providing the requested result with the appropriate added value element. All team members (with Maria Katsikidou as the most senior) provide clients with sufficient care and diligence and is always attentive to each request.’

‘This firm gets to know and engage with the client for the very precise matters requiring focus and service, guiding the client through the entire engagement also with recommendations and information re law and practice changes, provides timely, accurate and precise advice tailored to the situation. Excellent for keeping trusted and stable communication and engagements with their clients, very reliable.’

Key clients

Kinross Gold Corporation

Penta Group

Herbert Smith Freehills LLP (Moscow)

Norton Rose Fulbright (Central Europe) LLP

Dufry Group


A major real estate Investment Group in Romania

A major real estate Investment Group in Greece

AO Raiffeisenbank

Dechert Russia LLC

OTE Group

Work highlights

  • Advising a Polish group of companies in connection with the cross-border merger of a Polish company with a Cyprus company.
  • Advised a major Russian bank in connection with the corporate restructuring of a major Russian real estate group at the Cyprus level and its implications on an existing financing of the group by the bank.
  • Currently advising a major real estate investment group in Greece in connection with the sale of multiple assets in Greece.

Andreas Coucounis & Co LLC

Andreas Coucounis & Co LLC secured a number of important new clients in 2021 and continues to advise numerous local and foreign clients on a wide array of corporate and commercial matters such as insolvencies, share issues and restructurings. Clients include wealthy funds, corporations and individuals in Europe, Russia, the Middle and the Far East. Dimitria Coucouni and Tasos Coucounis co-head the department.


‘This law firm supported us in multiple cases that were both complex and crucial for our company. Throughout they had exhibited a deep understanding of the EU regulations and competition practices impacting our cases. They were very thorough and structured in building our case, giving us clear direction and guidance on how to put forward well supported arguments. The collaboration was excellent and exceeded expectations in terms of quality and speed.’

‘This law firm stood out for their values: ethos, integrity, transparency and trust. Also, it’s a firm that you can absolutely rely on them to the get the job done. Their differentiation from competitors is their approach to our cases. They were well-structured, held thorough interviews with all relevant parties to understand the facts and studied deeply all documentation provided to them, significant to the case. The result of this approach was that we were all well prepared and clear on our arguments in favour of our case with a positive outcome which was wining the case.’

‘The individuals we have been working with, especially Mrs. Dimitria Coucouni, are very professional, provide the best service and are always available when you need their assistance.

Key clients

H&R Block Inc

Gartner Inc

SVEA Renewable Solar AB

Equiti Group Ltd

Pernod Ricard

DNV GL Business Assurance BV

Egis Projects SA

Egis Airports SA

C.A.P. Papaellinas Ltd

Hellenic Technical Enterprises Limited

Groupe Partouche SA

Work highlights

  • Retained in 2021 by Gartner Inc, a US listed global research and advisory company with a worldwide presence and advised the client on restructuring issues involving the establishment and maintenance of a Cyprus holding company acquiring the ownership of several other subsidiary companies worldwide.
  • Advised H&R BLOCK, INC, a US listed tax preparation services company, on group restructuring issues involving a Cypriot subsidiary company.
  • Retained in 2021 by SVEA RENEWABLE SOLAR AB, a market leader in Sweden and in Europe regarding solar panels, to advise on solar parks and regulatory/licensing matters in Cyprus.

Deloitte Legal | Hadjianastassiou, Ioannides LLC

Deloitte Legal | Hadjianastassiou, Ioannides LLC added to its ranks at partner level with the recruitment of Calliopi Nicolaidou from Hellenic Bank. The team is lauded for its ‘very strong know-how and technical knowledge’, under the leadership of Kypros Ioannides and Gaston Hadjianastassiou . It advises national and international companies and groups on the full array of corporate matters, including corporate compliance issues and corporate reorganisations. The group also advises on a myriad of commercial issues with particular expertise in advising on supply chain management and distribution networks for companies. Andreas Thoma and Natalie Kyprianou are also recommended.


‘Deloitte Legal team is comprised of professional and knowledgeable individuals who can assist on complex legal matters promptly and diligently. It is particularly important that precise legal advice is provided as and when required. Mr. Andreas Thoma is always available for his clients and ready to answer the most difficult questions and provide useful solutions in very strict deadlines.’

‘Very experienced in M&A in Cyprus. Business oriented and efficient. Kypros Ioannides and Calliopi Nikolaidou are very experienced lawyers. They provide solutions to complex issues and provide us with confidence.’

‘Mr Kypros Ioannides – whilst Kypros has solid know-how/very strong technical knowledge, he is always able to come up with practical/commercial solutions. In the field of company law, he is definitely one of Cyprus’ experts. Very friendly and approachable.’

‘Prompt reaction to every request (which not very common in Cyprus). Dedication and great work ethics (ready to help even over the weekends, if needed). I have worked Eleni Pophaides, Kypros Ioannides, Natalie Kyprianou. All of them are not just good professionals, who solve the problems, but they’re able to explain complex legal matters to people without a legal background.’

‘Based on my experience of working with this firm, what I found exceptional is that they provided out of the box ideas and they managed to deliver a solution to our needs which we thought would be impossible. We have collaborated with Kypros Ioannides and his team and they were always very professional and responsive in their services.’

‘Professionalism of the team, always positive collaboration, high quality service. Swift responses and ease in communication.’

‘Well-known firm, providing quick and quality service. Additionally want to mention Andreas Thomas, he is very reliable and supportive.’

Key clients

Adidas Cyprus Ltd

Alpha Television Cyprus Limited

CEE Equity Partners

COCA-COLA HBC Cyprus Ltd (formally known as Lanitis Bros Ltd part of the Coca-Cola Hellenic Group)

Commercial Estates Group Limited

CSC Group Ltd

Ministry of Energy, Commerce and Industry of the Republic of Cyprus

Ministry of Finance of the Republic of Cyprus

Siemens Gamesa Renewable Energy Limited

Work highlights

  • Assisted a Cypriot investment company with a circa €2m joint venture transaction between the investment company and a leading property developer (counterparty), which involved the corporation of the parties for the development, operation and management of a new restaurant/bar.
  • Acted as the legal advisors of Fattal Holding SAL in Cyprus during the due diligence and transaction process, for the successful acquisition of the business of a Cypriot company (the sole distributor of Vileda products in Cyprus). The transaction marks the entry of the client, a leading regional distributor of national and international premium brands operating in the Middle East and North Africa, into the of fast-moving consumer goods market in Cyprus.
  • Providing Petrolina (Holdings) Public Limited with legal support in matters pertaining to privacy and data protection, including in connection with the client’s ongoing compliance with the General Data Protection Legislation (EU) 679/2016 including vendor management support, drafting and/or review of policies and procedures, legal assistance in all data protection matters arising from the implementation of the client’s loyalty scheme and launch of new website and ad-hoc advice on privacy matters such as in connection to new processing activities, privacy compliance of fuel stations and marketing.

Michael Damianos & Co LLC

Michael Damianos & Co LLC has an ‘experienced team that offers clear and pragmatic advice’. It frequently plays a pivotal role in cross-border and local mergers and acquisitions, as well as more general matters, such as drafting commercial agreements (including agency and distribution agreements). The ‘extremely capableMichael Damianos, who is praised for his ‘hands on’ approach, leads the practice.

Practice head(s):

Michael Damianos


‘Michael Damianos has excellent knowledge of the legislation and court practice, which allowed him to find creative solutions in several complicated situations.’

‘Michael Damianos is excellent. He delivers what I want: competence, availability and results – cost effectively.’

‘Michael Damianos’s corporate/M&A practice is truly outstanding in the Cypriot legal market. I have not found better Cypriot lawyers able and willing to go the extra mile with each and every task. They are commercial, pragmatic and extremely quick in responding – which is much needed when working on complex and high-profile matters. I have instructed them on all of my deals requiring Cyprus law support, and will continue to do so.’

‘Michael Damianos is a legendary figure on the Cyprus legal market. His responsiveness level is outstanding, his attention to detail (despite handling multiple projects in many different jurisdictions) is impressive, and the level of service is top notch. I have been working with Michael for many years, I have recommended Michael to all my fellow partners within the firm, and will continue to do so. When I require any support with Cyprus matters, Michael Damianos is my top choice without any hesitation.

‘The team is always available and ready to help, however short notice you may have. This is greatly appreciated, especially in the context of dynamic M&A type of work. Michael is a super star Cyprus lawyer, which has been a well-known and professional practitioner for years. I would particularly highlight his commercial and pragmatic approach towards tackling various legal issues, coupled with amazing responsiveness – which makes him stand out on the market. Also, Maria Anastasiadou is an associate to be mentioned – she is quick and quickly grasps your questions, followed by practical advice.’

‘Dedicated, efficient and provides practical solutions. To the point and forward thinking approach.’

‘Michael Damianos is my go-to contact for any Cyprus law matters. He is extremely capable and demonstrates a hands-on approach. Michael is always available and pushes himself and his team to meet the most challenging deadlines.’

‘Damiano’s team is always willing to serve our needs and is always available anytime  that we need them. It is an experienced team. High quality of services provided with reasonable fees. Our major collaboration is with Michael in person and some other colleagues depending on the assignment.(C. Aloupa and C. Charalambidou). We highly recommend each one of the team above.’

Key clients

Akin Gump Strauss Hauer & Feld

CMS Cameron McKenna

Bird & Bird LLP

Linklaters LLP


Watson Farley & Williams

Asters Law Firm (Ukraine)

Hogan Lovells LLP

Simmons & Simmons LLP

Cleary Gottlieb Steen & Hamilton LLP

Antoniou McCollum & Co. LLC

Antoniou McCollum & Co. LLC‘s team is sought after for advice on M&A and other corporate transactions, as well as related finance and competition (including merger control) issues. It has notable expertise in matters related to areas such as technology, private equity, telecommunications, energy, transport, banking and insurance. Christina McCollum, who heads up the department, is a practising solicitor in England & Wales. Anastasios A. Antoniou is another name to note.

Practice head(s):

Christina McCollum

Other key lawyers:

Anastasios A. Antoniou


‘AMC clearly stands out for its ability to provide very deep knowledge of legal frameworks, legislation and regulations. This is combined with an exceptional commercial and overall business acumen. We consider them as real experts in each area they advise us upon and we consider their opinion solid and dependable.’

They recently completed for us a very complex agreement within the Cypriot telecoms market that is considered a case study. They demonstrated an exceptional ability to establish the proper legal framework, evaluate risks entailed and negotiate within the desired commercial ambitions. An outstanding effort and achievement. Their mode of interaction with clients is extremely organised, diligent and super efficient.’

‘Anastasis Antoniou and Christina McCollum of AMC law are two outstanding and charismatic individuals. Their level of expertise is at the highest level we have seen in Cyprus and their skillset is superb. They are always available with exceptional knowledge of the subject matter and deep analysis. Their diligence, integrity but also ethical foundation is second to none. It’s always a pleasure to work with them and they blend with our teams in providing a combined solution that serves our company’s goals.

‘The partners are smart, experienced and responsive. They are commercially focused and remain hands-on throughout transactions, even when assisted by associates. They’ve handled complex transactions for my firm (mainly M&A and corporate financings) and are excellent even in a cross-border environment. They also provide the full range of corporate legal support.’

‘Their approach is professional, and they never compromise on ethical standards. They combine deep legal expertise with commercial practicality and always aim to achieve the optimal solution for their clients. The firm delivers legal service equal in quality to international law firms at competitive rates. And they are a pleasure to work with.

‘Christina McCollum, who leads the firm’s corporate practice, is smart and gets to the heart of complex matters quickly. She thinks out of the box and crafts innovative work-arounds to get to the desired outcome.’

‘The size of the firm makes the relationship very personal and as a client you get to know most of the firm. I would say that they are a very efficient and effective firm of lawyers. Their efficiency, promptness to respond and professionalism as well as their multi-disciplinary approach makes them one of the best firms in Cyprus.’

‘Christina Mc Collum is knowledgeable, responsive, and client-oriented. She has assisted us with drafting complex memorandum and articles and shareholder agreements. She has always provided us with concrete and tangible support as well as with prompt direct and straightforward advice. Working with Anastasios Antoniou has also been an excellent experience. He is knowledgeable, practical and always one step ahead. He has often gone beyond his remit to provide us with the best level of service. Both individuals have offered us the best advice and my impression is that their accessibility and integrity are unparalleled in Cyprus.’

Key clients





Tufton Oceanic


GO plc



Tek Experts

Work highlights

  • Advised Cablenet Communication Systems Plc on its conversion into a public company and its listing of bonds on a regulated market.
  • Advised APS on the transaction with Hellenic Bank in relation to the acquisition of control of the board of directors of APS Debt Servicing Cyprus Limited by Hellenic Bank.
  • Advising Tufton on its reorganisation, through which it split into Tufton Investment Management Ltd and Oceanic Investment Management.

Athos Demetriou Associates LLC

Athos Demetriou Associates LLC works on a variety of complex domestic and international corporate and commercial transactions. The ‘experienced, well-connected and friendly’ team acts for multinational companies, leading Cyprus-based clients and financial institutions, as well as accountancy firms and fiduciary service providers. Athos Demetriou and Anna Skouri lead the group, which has a proven track record of working with international law firms on a regular basis on major cross-border deals.

Practice head(s):

Athos Demetriou; Anna Skouri


‘Athos Demetriou is a skilled professional, who is approachable and provides practical advice.’

‘Currently, in Cyprus, we work exclusively with Athos Demetriou Associates LLC; this is a testament to the professionalism of Athos Demetriou and his team. They are always very responsive in our dealings with them, and they consistently provide practical advice. Specifically, Athos Demetriou, the founding partner, understands the financial services sector in detail and he is also commercially minded.’

‘Athos Demetriou Associates LLC stands out because of its expertise and pragmatic, hands-on approach when dealing with a range of commercial and corporate matters. Also, they monitor both domestic and international developments to alert their clients.’

‘Excellent team with specific and specialised knowledge of the industry they are servicing.’

‘Personalised service and deep knowhow of the specific areas of the law. Athos Demetriou – vast know-how, commercial awareness, understanding of client business, business acumen and practical approach.’

‘One of the major advantages working with the team is the reliable and confidential service, as well as the deep knowledge of the material.

‘The firm has good networking relationships and Athos himself is a good communicator and readily available. Both Athos Demetriou and his team are always accessible, with a customer friendly approach and a deep understanding of the broader financial sector. Anna Skouri is also a valuable member of the team. All members are very knowledgeable and work well together as a team.’

‘Athos Demetriou Associates LLC’s team of lawyers has extensive experience of handling complex and sophisticated cases and transactions and deliver real value to their clients. They possess the knowledge and expertise to tackle demanding and complex transactions in an efficient, effective and professional manner. Athos Demetriou and Anna Skouri stand high for their professional standards and integrity. The whole team is dedicated in providing high quality legal services. They have the expertise and they pay attention to detail.’

Key clients

FxPro Financial Services Ltd

BDO Ziv Haft


Clifford Chance LLP

Mashav Energia Group


Meteor Motortech Kereskedelmi Kft.

Investors Compensation Fund (CySEC)

Tech con gROUP

MAP S. Platis



hlb (cyprus) limited


Cyta Employees Pension Fund

Simpson Thacher & Bartlett LLP


Integrated Casino Resorts Cyprus Limited


stronde limited


Hoch Capital Ltd

KC Firiakis Ltd





Work highlights

  • Advised FxPro Group Limited on restructuring and reorganisation matters and all management and regulatory issues of the group and also on commercial and corporate issues to assist the group to face the emerging challenges of Covid-19.
  • Engaged by StoneX Group to act as the Cyprus legal advisers to assist with all regulatory issues and provide legal support following the recent group restructuring.
  • Acting as the Cyprus lawyers of Tech Con Group of Companies on reorganisations and corporate and commercial issues.

E. Papandreou & Co LLC

E. Papandreou & Co LLC, which is praised for its ‘high-quality work’, handles a wide range of corporate matters, with particular strengths in re-domiciliations, cross-border mergers and funds work. Its team is also adept at advising on corporate reorganisations and voluntary liquidations. Elena Papandreou heads up the department.

Practice head(s):

Elena Papandreou

Other key lawyers:

Stamatia Kondyli


‘Elena Papandreou and Stamatia Kondyli – the team is brilliant, it has always been a pleasure to work with them. They are able to add true value for the client. They have a tailored approach to each client, diving deep into each matter. All of the lawyers are experienced and understand the industry specifics of clients. I would especially highlight Elena Papandreou. Elena has extensive experience of working as a corporate lawyer. She is not only a great lawyer, but also an excellent team leader. She is pragmatic, dedicated and has diverse experience.’

‘Stamatia Kondyli is a great professional with experience in the areas of corporate and commercial law, mainly in drafting corporate documents and agreements.’

‘The team provides high levels of service. They are responsive, practical and pragmatic. Elena Papandreou – she is always deep in the details, a very competent lawyer.’

‘The firm’s team is highly dedicated and knowledgeable. They are professional, efficient and practical. They offer a superior and responsible service. Elena Papandreou, the Managing Director of the firm is highly responsible and effective in dealing with transactions. She has in-depth knowledge, and her advices are always accurate and correct. Stamatia Kondyli, the Manager of the Firm, is very efficient and knowledgeable.’

‘We regularly work only with 4-5 law firms in Cyprus every year. And usually E.Papandreou & Co L.L.C is always our first call. The firm enjoys a good reputation in the legal market as one of the most experienced independent law offices on the market.  The firm has an outstandingly dedicated and very knowledgeable team, which impresses in terms of its professionalism, efficiency and proactive behaviour, superior and responsive service.’

‘My key contact is Elena Papandreou. She’s highly responsive and effective in the handling of transactions. I admire her in-depth knowledge and faultless document preparation.’

‘I have worked with this firm since its inception and I always received the very best support from the staff in general and in all matters. Elena Papandreou is highly professional, exudes confidence and takes a personal interest in delivering the very best advice and service for her clients.’

‘The biggest strength of the team is that they are very approachable, hands on, and very practical in their approach to issues. What makes them stand out is their ability to understand and address client issues very quickly and efficiently with their advice being practical and easy to understand. Also they are very cost conscious on behalf of the client which makes them stand out from the competition.’

Key clients

Eurobank Cyprus Limited

Levex Establishment Limited

Mersiford Limited

George Z. Georgiou & Associates LLC

George Z. Georgiou & Associates LLC regularly advises domestic and international clients on acquisitions and disposals of companies, as well as restructurings. It is also skilled at advising on the establishment of businesses on the island. Dan Gardener heads up the corporate department, while Ted Auld leads the commercial group. Polina Christodoulou is the head of the regulatory practice. The team is increasingly prominent in the tech sector.

Other key lawyers:

George Georgiou


‘Knowledgeable, contactable and fast.’

‘The team is consistent in their customer service style.’

‘George Georgiou is an excellent lawyer and always makes every member of our team feel safe that the case has been understood and will be dealt with as if it is his own personal case.’

Key clients

Cyprus Broadcasting Corporation (CyBC)

Kitromilidou, Psillidou & Co LLC

Kannava, Kitromilidou & Co LLC covers the full range of commercial, corporate and M&A work for clients ranging from individuals and start-up companies to large multinationals. It has a particularly significant presence in the financial services industry, as is evidenced by the fact that it acts for circa 20% of licensed investment firms in Cyprus. The corporate and M&A practice is led by Maria Kitromilidou, who is the firm’s managing partner. Maria Kannava left the firm in early 2021.


‘The company is highly professional and flexible in terms of price and arrangements. Maria is able to find a solution to any complex issue. In doing so, she investigates the problem from all sides and examines the picture globally.’

‘The team is available and ready to start working immediately. Deadlines and budgets were always respected even in case of unpredicted changes of scope of work. Working with Kathryn Psillidou was very efficient. She provided very clear instructions and pieces of advice. The deadlines were always met (even sometimes ahead).’

‘Young and energetic team; always willing to look into matters; client friendly and oriented. Very good service at reasonable price list. Maria Kitromilidou accommodates clients’ requests in the most efficient way. Very calm and welcoming and clients feel at ease with her.’

Theodora Miltiadou is a gem; a very good listener, provides solutions and clients are very happy with her. She will truly develop into a top legal adviser.

‘The team is very professional, with a personal approach to the client. In addition, the company’s team is progressive, innovative, exceptionally responsive and always ready to help.’

‘The partners of the firm have the client’s best interest always in mind and they encourage open communication with the firm’s clients. Amazing, reliable team. Extremely trustworthy and caring of their clients.’

‘Maria Kitromilidou – trustworthy and reliable. Always looking after the client’s interests before looking after herself as a lawyer. Ethical and capable.’

‘I know Maria Kitromilidou and Kathryn Psillidou for 11 years. Honesty, transparency and efficiency are the most important qualities for me and I found all of them in Maria and Kathryn. Maria Kitromilidou, is a creative lawyer who seeks to find a solution rather than describe the issues.’

Key clients

Opus Group

Spyros Droussiotis Real Estates Ltd

Labros Frangos & Associates

Byron Capital Partners Ltd


PKF Savvides & Co Ltd

G4 Shift Services Ltd

Windsor Brokers Ltd

AVVA Pharmaceuticals Ltd

Antonis Askanis Ltd

Royal Foreχ Ltd

Dai Inzu V.C.I.C (RAIF ) Ltd

Bacho Investment V.C.I.C (RAIF) Ltd

Toriant V.C.I.C (RAIF) Ltd

Squared Financial Ltd

FxNet Ltd

Papadopoulos, Lycourgos & Co LLC

Papadopoulos, Lycourgos & Co LLC covers a wide range of corporate matters, such as domestic and international joint ventures, mergers and acquisitions, as well as reorganisations. It is also well-placed to advise on IPOs, complex commercial contracts and insurance matters for various international clients and many major local businesses. Doros Lycourgos heads up the department. Maria Spanou is another prominent member of the group.

Practice head(s):

Doros Lycourgos

Other key lawyers:

Maria Spanou


‘Very motivated professional staff and partners. Well educated and with proper experience.’

‘Doros Lycourgos and Maria Spanou are outstanding professionals.’

‘We have been working with Papadopoulos, Lycourgos & Co LLC for many years on commercial, corporate and M&A matters. Their expertise and in-depth knowledge and understanding of the complexities of corporate law has helped us immensely with navigating and charting new territories of expansion and growth. The team has been very responsive and attuned to our needs as a rapidly growing company in a fast paced and competitive industry.’

‘Doros Lycourgos is a trusted adviser, who is methodically thorough in his approach. His good judgement, integrity and strong sense of loyalty has proven invaluable over the years.’

‘Very fast service, the expertise covered whatever I needed.’

‘They reply to our requests quickly. The partners are always available.’

Key clients

NIPD Genetics Public Company Limited


Francoudi & Stephanou Limited

TUI Cyprus Limited

Aeolos Swiss (Capo Bay) Limited

Aeolos Group of Companies (,

Scordis, Papapetrou & Co LLC

Scordis, Papapetrou & Co LLC is skilled at handling high-value and complex domestic and multijurisdictional transactions. Its workload includes company structuring and restructuring, M&A, venture capital transactions, asset sales and co-investments. Kyriacos Scordis regularly leads on various major transactions. Other key individuals are Christos ScordisConstantinos AdamidesMatheos Papapetrou and Andreas Michaelides .

Other key lawyers:

Omiros Klappis


‘SP’s team has depth and breadth, hardworking and prompt. Never failed us, always able to think outside the box. Kyriacos Scordis is a brilliant lawyer, have been working with him for more than a decade. He has a great team to support him and many partners to draw on in case additional resources are needed. Same applies to Christos Scordis. Makis Chrysomilas is also a great corporate law practice asset.’

‘Christos Scordis is a very experienced and commercial lawyer. He can advise on corporate and dispute matters making him an excellent “one stop shop” for high level Cypriot law advice.’

‘Very professional team and on time delivery. Understands the complexities of any transaction. Mr. Christos is a gem of a person, understands what is possible and what is not. He puts the client’s interest first within the framework of the law. His team follows the same principles in practice. Mr. Christos’s advice is invaluable in any local or cross-border transactions.’

‘The firm has experience in large M&A deals, has an excellent network of overseas legal teams (I have worked through SP in 5 other jurisdictions) and a very good network.’

‘I work very closely with Constantinos Adamides (Partner) and Omiros Klappis (Associate). The attention, support, commitment and professionalism but also legal options provided by Constantinos and Omiros at various times of the day or the night, were noteworthy.’

‘Incredible attention to detail and absolute commitment and loyalty to the clients. Feeling you are in safe hands!’

‘Constantinos Adamides is exceptionally meticulous and passionate about his work. Very experienced and with great attention to detail.’

‘Good and accommodating team. I would single our Mr. Makis Chrysomilas due to his prompt responses and attention.’

Key clients

Demetra Holdings PLC (formerly Demetra Investments Public Ltd)

Logicom Public Ltd

House of Hiranandani Group

Integrated Casino Resorts Cyprus Ltd

Emerald Coast Properties Limited

Work highlights

  • Advised House of Hiranandani Group on various multimillion transactions regarding equity changes, debt replacement and tax matters on corporate restructurings of various companies within the group.
  • Acted as local counsel to Integrated Casino Resorts Cyprus Ltd for the compliance with casino gaming laws and regulations, representing (and obtaining) ancillary operational licenses, the legal and regulatory framework of security and surveillance in Cyprus.
  • Acted as counsel of the (ex) controlling shareholder of Parklane on the multimillion complex acquisition of Parklane by MHV Mediterranean Hospitality Ventures Ltd, which involved the structuring of the transaction, two share purchase agreements, the further restructuring of the multi-million million debt and special security arrangements.

Soteris Pittas & Co L.L.C

Soteris Pittas & Co L.L.C provides an ‘absolutely outstanding service all round’. Soteris Pittas and Maria Pitta lead the ‘highly qualified team’, which has ‘extensive experience’ of a wide range of corporate and commercial matters, such as M&A, joint ventures, corporate governance issues and shareholder agreements. The practice has close links and strong associations with numerous audit firms, private equity managers and fiduciaries in Cyprus, Russia and the former CIS countries.

Practice head(s):

Soteris Pittas; Maria Pitta


‘Soteris Pittas is truly one of a kind. His incredible mind and experience allows him to foresee (and provide for) all matter of possible problems in the future. Working with Soteris can truly be considered as a worthwhile investment into one’s acquisition. Soteris’ legal strategy is second to none and his response times are simply incredible. He is always on the ball! Kyriakos Pittas is also an incredibly efficient and clever lawyer. He seems to be continuing with the family tradition of becoming a go to adviser for all legal matters. Soteris, Kyriakos and other members of their firm make an incredible team and a true pleasure to work with.’

‘A very responsive and client oriented team.’

‘A very strong and well-versed team with in-depth knowledge of corporate law and all aspects of M&A transactions, which provides very efficient services. Mr. Soteris Pittas is one of the top lawyers in Cyprus on M&A matters and corporate and commercial law. Mrs. Elizaveta Bokova who is a vital part of the corporate team, is very knowledgeable and provides on point and efficient advice. Mrs. Maria Pitta is very capable, responsive, and attentive. Mr. Kyriakos Pittas provides swift and accurate responses and has good business sense and understanding of the law.’

‘We have been working with this firm continuously for 12 years. In our opinion, the best firm in Cyprus for corporate law, including corporate management and issues of monetary management (to prevent money laundering).’

‘Mr. Pittas is always available for consultation. He is also very good at managing work within his office, and in updating clients. He is a good lawyer, and also a creative thinker.

‘The practice consists of reliable lawyers who are very experienced, client-oriented, responsive and result-driven. They are well prepared to represent the interests of their clients both in Cyprus and abroad applying the highest standards of legal expertise and offering the most efficient and affordable solutions. Soteris Pittas is the most outstanding asset of this team who boasts decades of impeccable legal work. He deals with all issues in a dedicated manner and you can expect him to find a proper and sometimes unexpected solution to any tricky issue. He is well respected within the global legal community and this reputation is truly deserved.’

Key clients


Essar Group

Sberbank Premier

Aton Group




King & Spalding

Genotek LLC


Aton Group

Sistema Group

PAP Medical

Empire Group


Marr Group


Concept Group


Field Fisher (UK)


Reed Smith (Athens)

Work highlights

  • Reviewing and drafting for Marr Group the support documentation for the sale of a building project relating to Marr Tower.

AMG Mylonas & Associates, LLC

Led by Andreas Mylonas, the team at AMG Mylonas & Associates, LLC advises clients on joint ventures, the restructuring of SPVs and M&A. It is also adept at advising on group corporate structures, among other matters. The practice is notably active in the shipping, energy, insurance, chemicals and bio-fuels sectors. Maria Papacharalambous is also highly regarded.

Practice head(s):

Andreas Mylonas

Other key lawyers:

Maria Papacharalambous


‘Andreas Mylonas leads a client focused and results-driven team. His firm is my go-to for legal work in Cyprus.’

‘Andreas gives clients his personal attention and has an excellent eye for detail.’

‘Exceptional and fast service! Unique, prompt, professional!’

‘Absolutely client focused – top shelf 24/7 service and the team goes the extra mile to get the job done. Also the firm is unique in that it provides a seamless one-stop-shop approach to integrating the legal services with the trustee and administration services, including banking liaison services – this makes the service offering very compelling and makes things very efficient from the client’s perspective.’

‘Andreas Mylonas (senior partner) and Maria Papacharalampous (senior associate) are highly competent, very diligent and always available. Mr Mylonas is fully available on a 24/7 basis regardless of time zones, which is particularly important in our case because we are located in 4 different time zones. He is also extremely focused on obtaining a successful commercial outcome in all client matters. Both really go the extra mile for us at all times and their responsiveness and ability to understand our business is extremely valued by us as clients.’

Key clients









Work highlights

  • Provided legal advice to ACOMO LTD  and consultation on the renewable energy sector.
  • Advised B-GAS MAUD LTD on share purchase of vessel, re-registration, funding procedures and implementation of pledges and mortgages.
  • Provided legal advice to Internship Navigation Co Ltd on the inter-group structure and assisted on the liquidation procedure of a group of companies.

Christos Patsalides L.L.C.

Christos Patsalides L.L.C. provides fiduciary and corporate services to more than 300 registered Cypriot companies through its affiliated company Christos Patsalides Corporate Management Ltd. It is notably strong in handling commercial agreements connected with the life sciences and pharmaceutical sector, such as licence and medical supply agreements, and agreements for the distribution for medical devices. Christos M. Patsalides heads up the department.

Practice head(s):

Christos M. Patsalides

Other key lawyers:

Varteni Kasapian


‘In my experience, I found the people I worked with at the firm as being quite friendly and approachable whilst very knowledgeable both with regard to the legal as well as business issues. They are very client-oriented and go out of their way to ensure that the client understands the issues and the solutions offered. Compared to other law firms on the island, irrespective of size, I found them more knowledgeable and solution focused.’

‘Extremely good professionals who can provide help to companies abroad. They have good connections in Cyprus that can be helpful (ie banks etc).’

‘We have been dealing with the law firm for years, and we are really satisfied in all aspects. It is unique as there is a lot of specialisation and attention to detail. Every case is different and is referred to the person who has the most expertise, and then every case is examined again with the expert and the rest of the team that usually deals with our company.’

‘We have instant access to legal advice, prompt replies, in person meetings and good solid advice. Our main legal adviser is Varteni Kasapian, and honestly she is the best adviser we ever had. Always very well prepared, has a deep knowledge of her subject, offers solid advice within hours of our request, even during weekends!!!. No other single adviser in the past could offer us this package.’

Key clients

Allianz Hellas S.A.

Dias Media Group Public Ltd

Lapieto Ltd

Pharmacy Kυriakos G. Kyriakou Egomi Ltd

Velister Ltd

George Petrou Ltd

IMH C.S.C. Ltd

Work highlights

  • Assisted with the drafting of various employment, distribution agreements, exclusivity agreements, services agreements, licence agreements of different jurisdictions, notice letters for GEORGE PETROU LTD and it has been providing continuous legal services for all matters raised in the company.
  • Handled the drafting of various employment contracts, drafting of services agreements, licence agreements and securing the magazine licenses through the Press Information Office’s procedures for IMH C.S.C. LTD. It also delivers advice on matters of advertisement and contracts with clients, several GDPR issues and handling of complaints.
  • Ongoing advice to ALLIANZ HELLAS S.A. on all matters and disputes raised from or against insured clients within the territory of Cyprus.


COSTAS TSIRIDES & CO LLC advises clients on the gamut of corporate and commercial matters, with work ranging from M&A to drafting shareholders’ agreements and constitutional documents. Clients include local businesses, municipalities, semi-governmental organisations and international companies. The heads of the department are Alexandros TsiridesPhotini Tsirides and Irina Loutchina.

Other key lawyers:

Aristiana Stylianou


‘The team is very quick and professional and very kind and they know their subject. Their fees are also value for money. Alexandros is just amazing. He knows everything by heart and can support his views and has great experience. Aristiana is also very good and professional and diligent.’

‘I think that its main strength is the people. All of them are professional and very quick responding to any requests. We cooperate over a very long period and they keep a high level of professionalism. They have very nice offices where you feel relaxed. All of them know their job very well, communication is very fast and very polite.’

‘Professional, helpful and capable.’

‘They really give attention to their client. They tell the truth to the client and not what the client just wants to hear. They deeply study your case and the answers they give you are always well documented. All people we have worked together are extremely educated, polite and helpful.’

‘We have worked with Alexandros Tsirides and Photini Tsirides. Both are unique professionals. Their honesty is the first thing that stands out. They are extremely knowledgeable of their field, they are always available for their clients’ needs and they always deeply study your case before giving you a serious answer.’

‘The firm even though is considered medium to big one for Cypriot standards has a unique personal touch with highly educated and professional individuals with sensible billing. Very professional, prompt and available. Especially the Managing Director – Alexandros Tsirides.’

‘Really easy to work with partners and staff. Fast action on important company legal matters. Billing is quite reasonable, given the quality of services we have received over the past two decades. Deep knowledge of corporate, M&A and other legal matters.’

‘The firm is client-oriented, details its advice from the practical angle to assist best its client. Mrs Irina Loutchina-Skittides is an outstanding lawyer assisting in emergencies and difficult matters.’

E & G Economides LLC

Under the leadership of senior advocate Virginia Adamidou , E & G Economides LLC is notably active in corporate and commercial contract work and regularly handles corporate restructurings. The group also handles domestic and cross-border M&A, and assists with the redomiciliation of corporates to Cyprus. George Economides  and advocate Andrea Papouri  also contribute to the practice.

Practice head(s):

Virginia Adamidou

Other key lawyers:

George Economides; Andrea Papouri

Key clients

New Garden Pharma

The Ability Group

Polsteam Group


SPX Corporation

TCI International Inc.


Sistema Venture Fund


GIORGOS LANDAS LLC has a strong profile among local and foreign individuals (including high-net-worth individuals) and companies. It acts for a sizeable number of prominent construction and development groups in Cyprus, and also advises various financial institutions and commercial banks. Another core focus area is on intellectual property matters and the registration of trade marks, trade names and patents. Giorgos Landas leads the practice.

Practice head(s):

Giorgos Landas


‘The people are great, they solve our problems very quickly and effectively without interrupting us from our real work.’

‘The team’s key strengths and capabilities include accuracy (meaning that during communication they are concrete, comprehensive), availability and fast reactions.’

‘Throughout our business relationship, we have found Giorgos Landas LLC to act in a professional and business-like manner.’

‘We consider the team of Giorgos Landas LLC to be trustworthy and we believe that they would not take any commitments they would not be able to fulfil.’

Key clients

DTA Group

Anthon Rabinovich

Brightbuild Properties Ltd

Sergei Dobrovolskyi Noseamare Ltd

James Fenton

X-Treme Stores


ESB Commercial Agents Ltd

S.P.S. Yachting Ltd

Work highlights

  • Advised a client on several legal issues which had to be resolved prior to commencing the construction of a mountain resort, including purchase of shares, exchange of land and boarder adjustment and monitoring the procedure for registering an AIFLNP.
  • Advised a client on the purchase of a vessel, where the payment was made in kind, with the simultaneous transfer of ownership in the land and transfer of the ownership in the vessel, which had to be completed in Delaware (USA).

Harris Kyriakides

Harris Kyriakides' team acts for local and international companies and institutions on a broad cross-section of corporate and commercial matters. It regularly works with leading international law firms on large and complex deals. Michael Kyriakides, who leads the practice in Larnaca, is experienced in M&A, corporate advisory work and complex international transactions. Another individual of note is Eleni Neoptolemou, who heads up the group in Nicosia.


‘Personal commitment, loyalty, reliability, collaboration.’

‘The partners and associates are professional and consistently supports our firm.’

‘Quick response/always available to support.’

Key clients

Majgaard Ltd (key shareholder in the Ciklum Group)

Marcuard Group

7 Energy Group


Cyprus Airports (F&B) Ltd


Petrolina (Holdings) Public Ltd

Steering Committee of Bondholders of DTEK

DLA Piper

Kirkland and Ellis




Kaimakliotis LLC

Kaimakliotis LLC's practice covers a mix of M&A, joint ventures, corporate restructurings and general corporate advisory work, under the leadership of Pavlos Kaimakliotis. Clients include international banks and corporates. The firm also works closely with major international law firms on cross-border transactions.

Practice head(s):

Pavlos Kaimakliotis

Key clients






DLA Piper


Avax / Terna Construction Consortium

Baker McKenzie

Avellum Partners

Skybound Capital Group


I Squared Capital

Work highlights

  • Acted as Cypriot legal counsel for Interxion, a Digital Realty (NYSE: DLR) company and a leading European provider of data centre solutions, on its acquisition of Lamda Hellix, a Greece-based colocation and interconnection services provider in Southeastern Europe.
  • Acted as Cypriot legal counsel for I Squared Capital on the $2.15bn acquisition of GTT Communications’ business infrastructure in Central, Southern, and Eastern Europe.
  • Acted as Cypriot legal counsel for Skybound Capital Group on the proposed acquisition of Fenix Capital Markets (a MiFID compliant investment firm based and regulated in Cyprus by the Cyprus Securities Exchange Commission). It advised on all matters relating to corporate M&A and also regulatory / CySEC licence approval with financial regulator.

Tornaritis Law Firm

Tornaritis Law Firm assists clients with starting up businesses, M&A, joint ventures and shareholder agreements. In addition, other work includes advice on appointments of directors and company secretaries. Alexandros Alexandrou co-heads the department with Criton TornaritisMarios Panayiotou and Anna Abou Shaaban Papaioannou.


‘Mr Alexandros Alexandrou is our point of contact. He is a highly professional legal adviser, with in-depth knowledge of the legal framework, as well as the peculiarities governing our bank. He is always a person to rely on. He has guided us successfully through complicated and difficult situations and legal battles, both locally and abroad, in the process of selling the bank’s subsidiaries.’

‘Well connected, knowledgeable and understands the needs of the client.’

‘This team has a very fast response and they are always positive to help. They keep good records of the clients requests which is easy to cross-check the billing at a later stage.’

‘It is very easy to communicate with them and even if they can not answer immediately they will acknowledge the communication request and communicate when they are available.’

Key clients

Receivers/Managers of Orphanides Public Co Limited

Cyprus Popular Bank Public Co Ltd in Special Administration

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









L.B. Landbank Properties Constultants Ltd

AstroBank Public Company Limited

QQuant Master Servicer Cyprus Limited



Work highlights

  • Continued to advise the special administrator of Cyprus Popular Bank on all aspects of the recovery and resolution of credit institutions and Investment firms Directive and the law implementing the directive in Cyprus (3 BL).
  • Advised Nest Investments Holdings Limited on Cyprus law relating to various legal and regulatory matters.