Antoniou McCollum & Co. LLC is consistently trusted by large global private equity funds and multinational companies for assistance with their most complex EU regulatory and competition law matters. With Anastasios A. Antoniou at the helm, the group continues to deal with a large number of cases before the Commission for the Protection of Competition. It is also skilled at dealing with all of the competition law aspects of non-performing loan sales in Cyprus. In addition, Antoniou is known for his work with leading technology companies across the full range of EU regulatory matters.
Firms in the Spotlight EU and competition
EU and competition in Cyprus
‘The partners and the team of associates combine legal depth with a practical approach that delivers high value and gets results. They are focused on finding solutions and convey a sense of being genuinely invested in our issues. Their ability to be creative and share ownership of problems sets them apart from their competitors.’
‘The firm’s EU law team has deep expertise and the ability to take on complex legal issues. They make complex legal issues accessible and offer clear legal solutions.’
‘Anastasios Antoniou is a competition law powerhouse and is widely recognised for his expertise in this field. He is capable of synthesising large volumes of data and always explains complex issues in simple terms. He conveys a sense of being genuinely committed and we know we are in safe hands.’
‘Anastasios is my go-to Cypriot competition counsel. Knowledgeable, professional and a pleasure to deal with. He and his team deliver every time.’
‘Brilliant at joint ventures and related legal aspects relating to the securitisation of loans in Cyprus.’
Schwarz Group (Lidl)
L Brands (Victoria’s Secrets)
Investment Corporation of Dubai
- Acting for Cablenet Communication Systems Plc on the telecommunications sharing arrangements with Cyta, which is the first of its kind in Cyprus and involved significant regulatory and EU law issues.
- Advising doValue on the acquisition of the entire share capital of Altamira Cyprus from the State-owned Cyprus Asset Management Company and successfully clearing the transaction with the Cyprus competition authority.
- Acting for AkzoNobel on the competition clearance of the acquisition of Titan Industrias, a Spanish group acting in coatings across Europe.
Chrysostomides Advocates & Legal Consultants advises on EU law and competition issues for clients such as national government departments, European Commission directorates, multinational companies, leading international law firms and their clients, in addition to local businesses. Team head George Mountis leads the team, which also advises significant international investment institutions. In addition, the firm has a dedicated data protection practice that frequently advises on all matters pertaining to EU and Cyprus data protection laws, and in particular on GDPR compliance. The group is recommended for its work on all aspects of contentious and non-contentious competition law and advises on a myriad of antitrust issues including merger control, cartels and anti-competitive agreements. Alexandros Efstathiou is also recommended.
‘It’s a very coherent team, highly competitive, very well educated and extremely collaborative. Best value for money, indeed. They know the local market and they are also very active internationally. They are a prime law firm and very serious and they enjoy a high reputation in Cyprus and abroad.’
‘Very good understanding of the merger procedure before the Cyprus competition authority. Managed to secure a smooth and quick clearance. The team is always available and very responsive. They understood very quickly the business of the parties, despite the numerous complex issues.’
‘Anna Rossides – very good understanding of the business of our client and excellent responsiveness. She took care of a merger filing very well. We will work with her again.’
‘The firm has an outstanding reputation and it handles some of the most important EU law cases in Cyprus and also before the Court of Justice of the European Union. It has unrivalled expertise and has handled the most important case to reach the Court of Justice of the EU from Cyprus (concerning the Cyprus banks bail in).There is high level of engagement from senior partners in all aspects of the cases handled. It is the go to firm in Cyprus.’
‘I have dealt with lawyers of the firm at all levels of seniority in several cases. They are highly professional and responsive. They have a very high level of competence and excellent judgment. Victoria Papagiannis is a first-class lawyer, highly knowledgeable and ultra efficient.’
Wargaming.net Limited/ Wargaming Group Limited
Trading Point Holdings Ltd (XM)
European Crops Products 2 S.À R.L.
- Acted for Wargaming Group Limited and was successful in obtaining the issuing of a pan-European interim injunction in a case of infringement of European Trade Marks (EUTMs) for the first time by a court in the Republic of Cyprus, prohibiting a competitor of the client from using anywhere within the European Union, in relation to the specific products covered by the client’s EUTM registrations, signs that are identical with and/or confusingly similar to their EUTMs.
- Brought two multimillion euro claims before the Court of Justice of the European Union on behalf of both natural and legal persons for damages suffered thereby as a result of the imposition, on the Republic of Cyprus, of the 2013 “bail-in” measures by the European Union Institutions. The firm has further proceeded with an application on behalf of a number of the above clients before the European Court of Human Rights against the Republic of Cyprus.
- Acted as competition legal counsel for European Crops Products 2 S.À R.L. in relation to the acquisition by European Crops Products 2 S.À R.L. of the share capital of several entities of the Oro Agri Group, as part of an investment in the sectors of crop protection and crop nutrition.
Elias Neocleous & Co LLC‘s excellent team assists clients with their dealings with the CPC and it has a wealth of experience in merger control work. It has considerable strength in various sectors such as shipping, and more recently, in betting. On the contentious side, the group is recommended for its EU litigation prowess. Elsewhere, the team works with specialists in data, privacy and cybersecurity team to assist clients with issues such as GDPR compliance. The group also works regularly with leading international law firm on various complex assignments. Brussels-based practitioner Nikos Korogiannakis and Ramona Livera in Nicosia co-head the department. Elena Christodoulou is another key individual. Nicolas Ktenas has left to set up his own firm.
Other key lawyers:
‘I always find the firm to have real, meaningful Cypriot competition law expertise. I tend to work with the competition team on merger control matters and would never hesitate to go straight to them as the experts at handling Cypriot merger matters. They are reactive, they know their stuff inside out and they are very good on staffing matters at the appropriate level, leading to strong/efficient service and good results for clients.’
‘Ramona Livera, senior associate, was the main person with whom I worked with on our most recent merger matter and I had a great experience working with her. I thought she was highly professional, clearly well versed in all recent developments in merger control, but importantly on top of all that Ramona was good on strategy. There were several points on our most recent matter where the client really needed some solid, strategic thinking in order to advance the matter, and we got that from Ramona without fail.’
‘They are very responsive, good quality of work and cost efficient.’
‘Excellent team with solid and in-depth experience with competition law in general and domestic practices in particular.’
‘Ramona Livera is hands-on and very experienced.’
Avanti Communications Group
Blackstone Group International Partnership LLP
British High Commission, Nicosia
Cyprus Tourism Development Corporation Ltd
Cyprus Public Transport Limited
European Investment Fund
Invel Real Estate Partners
Jordan Kuwait Bank (Cyprus Branch)
SOLEK Holding SE
Mall of Cyprus
- Advised Caterpillar Inc. on the Cyprus competition law requirements of the proposed acquisition of the oil & gas division of the Weir Group PLC including preparing and submitting the necessary filing and clearance with the Cyprus Commission for the Protection of Competition.
- Advised Volvo Cars on Cyprus consumer protection law and Cyprus competition law considerations of a proposed consumer product to be offered relating to its new electronic vehicles.
- Advised Stena AB on Cyprus merger control law requirements and assisted with a merger notification of concentration with the Cyprus Commission for the Protection of Competition.
Lellos P Demetriades Law Office
Lellos P Demetriades Law Office has extensive experience in all aspects of EU and national competition law. Core areas of focus include advice on abuses of dominance, cartel investigations, merger filings and judicial review applications against decisions of the CPC. It is also skilled at handling private actions for damages. Achilleas Demetriades and Haris Satsias co-head the department, which is highly regarded for advice on competition policies, dawn raid manuals and compliance issues. The team has particular sector expertise in areas such as pharmaceuticals, insurance, aviation and food and beverages.
Other key lawyers:
‘We have worked with Lellos P. Demetriades Law office in cases relating to the Commission for the Protection of Competition and the firm has demonstrated precise expertise in this area that was indeed impressive. The firm generally displays a high level of professionalism.’
‘Achilleas Demetriades, by far stands out for his extensive knowledge and professional approach. He has the ability to take on a case and build an extensive defence, covering all aspects of the case.’
‘We are receiving personalised service from a provider that understands our needs. In combination with the high level of legal expertise we feel that we are receiving the best possible legal advice that can be obtained by a service provider. The logistics processes (billing, invoices etc) are performed seamlessly without any problems.’
‘We are receiving a high level of expertise from professionals who know and understand our business and make every effort to continue to do so. This makes this provider so unique and valuable, much more than having on-site legal services. Starting from the managing partner of the organisation all the way to the associates, I would highly recommend this service provider.‘
‘We have been working with Lellos P. Demetriades Law Office for many years. The team has a deep knowledge of the subject, is very responsive, friendly and always willing to assist. They have an excellent understanding of the business and always provide legal advice which is sound, practical and commercially sensible. They have recently handled two cases before the Commission for the Protection of Competition and secured a successful outcome for us.’
‘In regards to the team, with the high level of quality services, their swift responses and their availability, all make you feel confident and relaxed about any issue that you may face. We are working closely with Achilleas Demetriades, Haris Satsias and Marios Xiaris.’
‘Excellent team with industry knowledge and excellent responsiveness.’
‘Achilleas Demetriades is a renowned lawyer in the country and totally deserves the fame.’
Led by Polyvios Panayides, Chrysses Demetriades & Co Law Office's team assists its clients with a substantial number of merger control and antitrust matters before the CPC. In addition, it frequently advises leading international law firms and large local and international corporates on EU and competition matters. It has considerable niche expertise in sectors such as consumer goods, shipping & ports, hotels, real estate, insurance and energy. The group is also well-regarded for its specialist advice on GDPR/data protection compliance. In addition, it has recently represented companies that have been investigated by the Data Protection Commissioner in several investigations.
‘Polyvios Panayides is the perfect counsel to work with on global matters with a Cyprus element. His work as EC official and his experience in private practice allow him to deliver smoothly what global clients need.’
‘Very responsive. Strong experience in Cypriot merger control.’
Harris Kyriakides has a dedicated department that handles EU and competition matters. It is adept at advising on issues such as procurement and regulatory matters, in addition to sanctions and anti-corruption issues. Another core area of expertise involves advice on data protection and cyber law. Michael Kyriakides heads up the department. Clients include companies, financial institutions and government agencies.
IACOVOU BROTHERS (CONSTRUCTIONS) LTD
Petrolina(Holdings) Public Ltd
Sewerage Council of Ayia Napa
Ioannides Demetriou LLC advises a wide range of major local and international clients, include semi-governmental organisations, public and private foundations, universities and various commercial enterprises and companies. The department is led by Pambos Ioannides, Andrew Demetriou and Christina Ioannidou. It has experience of representing clients in various complaints that have been filed against them and in investigations that have been initiated by the CPC for alleged abuses of dominance. The practice also advises on EU and competition issues arising from various transactions.
‘This practice is unique as it offers in-depth and well supported legal opinions within the agreed deadlines on which the client feels very safe to rely on. It has kept abreast with all modern challenges, mainly in the technology aspect, and its clients should expect exceptional quality.’
‘At all stages, Mr. Ioannides sought all necessary industry specific information and commercial knowledge which helped him prepare the case in the most efficient way. The outcome of the case by the High Court was successful for our side.’
‘Fast and well-researched responses. Most individuals working at this firm are well educated and trained for their jobs.’
‘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 ability 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 in urgent matters.’
European Agency for Special Needs and Inclusive Education
Petrolina Holdings Public Co Ltd
Hermes Airports Ltd
Electricity Authority of Cyprus
Cyprus Trading Corporation PLC
Argosy Trading Company Ltd
VLPG Plant Ltd
- Advising the European Agency and Ministry of Education on the contemplated restructuring of the primary and secondary education system of the country, including drafting of a new bill intended to repeal the current legislative framework.
- Advising the leading petroleum/LPG trading companies in the country on the creation of a JV for the purpose of constructing new LPG facilities and obtaining clearance from the competition authorities accordingly.
- Advising KODAP (the Cyprus Organisation for the Storage and Management of Oil Stocks) on the obtaining of a €35m loan from EIB for the construction of own storage facilities.
Michael Kyprianou & Co. LLC advises various local and international clients on all aspects of national and EU competition law. It has been involved in a variety of high-profile cases involving issues such as anti-competitive practices and state aid. The excellent team is also regularly instructed by leading European law firms to apply to have registered and recognised in Cyprus foreign judgments and arbitral awards that are issued in EU countries. Menelaos Kyprianou heads up the department. Marina Hadjisoteriou is also highly regarded.
Other key lawyers:
‘Menelaos’s team works like a Swiss watch, consistently and accurately. They react to any client request with lightning speed. All requests are fulfilled on time – it helps the client to avoid unnecessary worries. We always know that any task will be completed.’
‘I would like to say some words about Mr. Menelaos Kyprianou. Highly qualified lawyer. He understands the essence of the matter immediately. He listens attentively to the client and, most importantly, hears the client! He is honest with his clients. Mr. Kyprianou generously shares his knowledge and answers questions. I am sure that the young lawyers who work with him have a great chance to become outstanding professionals. In conclusion I want to say that it is always pleasure to work not only with a good professional, but also with a person who has high ethical standards.’
‘They offer the best chance of success in delivering the legal product because they do an in-depth analysis of each case. The team inspires confidence. The team at Michael Kyprianou has acted fast and embraced technological changes required in order to continue progressing our cases during the lockdown period resulting from the spread of Covid-19, and made sure that they were continuously available to support us.’
‘Marina Hadjisoteriou is highly intelligent, very well educated in both law and economics. She has the ability to comprehend complex matters very quickly and be able to focus on the core issue enabling her to formulate an effective strategy. Her enthusiasm, hard work, determination and success – oriented approach inspire confidence and trust to her clients.’
‘Menelaos Kyprianou: His legal expertise in this area of the law, strategic business approach and his analytical skills. Andres Lytras: His legal knowledge, his practical feedback to sets of inquiries involving complex interrelated issues, and attention to the case details.’
‘The team is easily approachable and very responsive. They are quick in understanding all specifics of the facts and manage to provide first strategy proposals very early on. This gives me and my team the opportunity to correctly assess the situation and build early our expectations. The team has managed to function very well during the pandemic. The team has great local coverage, which is vital.’
‘I have closely worked with Ioanna Solomou and Stephanos Ayiomamitis and they both show a keen eye for detail; are very approachable; good listeners; very well prepared on the points of law – which is vital.’
- Advising the managers of the general cargo and passenger terminal of the Limassol port, on a regular basis on competition law related matters in respect of the dominant position they hold. The firm advises the client on complaints with the Commission of Protection of Competition, on their procedures and policies regarding tenders and project offering and other matters concerning shipping agents and other customers.
- Acting as Data Protection Officer for a reputable institute in the healthcare research sector, by providing legal and regulatory advice in respect of the client’s ongoing operations relating to GDPR, preparation of policies and procedures as to the implementation of GDPR and the impact of GDPR on the client’s day to day business operations.