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Firms To Watch: EU and competition

Andria Koukounis and Antonis Karaolis co-head the practice at KOUKOUNIS, KARAOLIS LLC | LAW FIRM MEMBER OF THE EY GLOBAL NETWORK. The team brings experience in advising on abuse of dominance matters and merger control issues.

Firms in the Spotlight EU and competition

Chryssafinis & Polyviou LLC

Chryssafinis & Polyviou L.L.C was established as a partnership in 1903 by the late N.G. Chryssafinis. Today it is one of the oldest and most prestigious law firms in Cyprus.

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EU and competition in Cyprus

Antoniou McCollum & Co. LLC

Antoniou McCollum & Co. LLC is ‘a firm in a league of its own‘. The team has a stellar reputation in the market, with an excellent track record in advising large multinational corporations on EU regulatory and competition law matters. The group has considerable strength in handling the EU and competition law aspects of large public concessions, and regularly acts in cases before the Commission for the Protection of Competition. Additionally, the department assists private equity funds active in Cyprus with all EU and competition law issues. Practice head Anastasios A. Antoniou is a highly regarded practitioner in the competition law space; he is supported by senior associate Ifigenia Iacovou.

Practice head(s):

Anastasios A. Antoniou

Other key lawyers:

Ifigenia Iacovou


‘Antoniou McCollum & Co. is a firm in a league of its own. We regularly use them for their expertise in competition law and regulatory matters. They bring to the table high commercial awareness and legal sophistication.’

‘They can identify legal risks with precision and have consistently advised us on how to ensure these risks are eliminated. Our experience with this firm is unparalleled and it is a genuine pleasure working with them.’

‘Anastasios Antoniou is the foremost competition lawyer in Cyprus. We have never experienced a competition lawyer of this calibre and we greatly value his expertise.’

‘Anastasios and his EU & competition team have advised us on a wide range of matters. He and his team are also vastly experienced in EU regulatory matters, as well as demonstrating an in-depth understanding of emerging technologies such as AI.’

‘The team is always prompt and accurate and fully engaged on each case, providing excellent and effective advice.’

‘ A. Antoniou and I. Iacovou have exceptional knowledge and expertise, are very analytical and always by our side. Communication is effective.’

Key clients







Hermes Airports


Work highlights

  • Provides ongoing advice to Hermes Airports on EU public procurement and regulatory issues in respect of the concession of the airports of Cyprus by the Republic of Cyprus, and the extension of the concession.
  • Advising Cablenet on EU law aspects relating to network sharing arrangements.
  • Advising Yamaha on competition law matters.

Chrysostomides Advocates & Legal Consultants

Chrysostomides Advocates & Legal Consultants‘ dedicated EU and competition law department often acts as counsel to national government departments, European Commission directorates and multinational companies, and has an excellent reputation for handling competition law disputes and the competition law aspects of corporate and commercial transactions. The team is equally strong in assisting significant international investment institutions with providing services in accordance with the relevant applicable laws. George Mountis, Anna Rossides and Victoria-Zoi Papagiannis co-head the practice, in which Alexandros Efstathiou is a key name to note at associate level.

Other key lawyers:

Alexandros Efstathiou; Alexandros Georgiades


‘The team has good strength in antitrust and competition law. They are very approachable and cost effective.’

‘Anna Rossides is very approachable and explains matters in a very practical way. Very hardworking and efficient.’

‘Chrysostomides is our trusted partner in Cyprus for EU trade mark infringement proceedings. They provide excellent legal and strategic advice with a commercial approach.’

‘Victoria-Zoi Papagiannis and Alexandros Georgiades are a pleasure to work with. They are knowledgeable, strategic, and collaborative.’

Key clients

Wolt Cyprus Ltd

The North of England Protecting and Indemnity Association Ltd, The North of England Mutual Insurance Association (Bermuda) Ltd and The Standard Club Ltd

Wargaming.net Ltd

Wolt Market

Venus by Maria Tash Inc.

European Commission

Work highlights

  • Advising digital commerce platform Wolt and its affiliated online supermarket Wolt Market on all aspects of Cyprus law and implemented EU law.

Elias Neocleous & Co LLC

Brussels-based Nikos Korogiannakis and Nicosia-based Andrea Kallis Parparinou jointly head the practice at Elias Neocleous & Co LLC. The team's key focus is in notifying the CPC of proposed transactions in order to obtain regulatory clearances. The group is also adept at assisting high profile international clients with implementing a wide range of EU directives, and counts contentious EU law matters, state aid issues, procurement matters and European grant and funding opportunities among its core strengths. The client base includes national government departments, European Commission directorates, and domestic businesses. Cyprus-based senior associates Ramona Livera and Elena Christodoulou are key practitioners.

Practice head(s):

Nikos Korogiannakis; Andrea Kallis Parparinou

Other key lawyers:

Ramona Livera; Elena Christodoulou; Demetris Gregoriou


‘Excellent availability and responsiveness. It’s a technically excellent team. They are always willing to attend to our needs. I must highlight their adaptability and great expertise.’

‘We work closely with Andrea Kallis and it has been a great experience. I would highlight her deep knowledge, absolute commitment and her ability to empathise with our concerns. She’s an excellent lawyer.’

‘Very capable team with a hands on approach, available and approachable and well connected with the Cyprus competition authority. It was a pleasure to work with Ramona and Demetris and overall a smooth process.’

‘Ramona and Demetris are a pleasure to work with, very capable and knowledgeable about the legal procedures in Cyprus. They are very client oriented and proactive.’

‘They provide hands-on, pragmatic advice and are very responsive. Ramona Livera is outstanding.

‘The experience was very positive. Team is very responsive. Great knowledge of international and more specifically European laws which were critical in our case.’

Friendly and professional.’

Key clients

Allwyn Group

Amazon Web Services

Avanti Communications Group

British High Commission, Nicosia

Credit Suisse

Cyprus Tourism Development Corporation Ltd

CPT Cyprus Public Transport Limited

European Investment Fund

Huawei Technologies


Invel Real Estate Partners

Jordan Kuwait Bank (Cyprus Branch)

KKCG Group

Limassol Marina

Mitsubishi Motors

Mall of Cyprus

Malta Lines Limited

MOL Chemical Tankers


SOLEK Holding SE

Samsung Group

Volkswagen Group

Work highlights

  • Advised Volkswagen Group on antitrust and competition law matters relating to a proposed M&A deal, and acted for the client before the Cyprus Commission for the Protection of Competition to obtain the necessary clearances.
  • Advised a global telecommunications provider on the implementation in Cyprus of the EU Electronic Communications Code.
  • Advised one of the largest global technology companies on its obligations under national legislation to report security incidents and data breaches in accordance with the provisions the European Electronic Communications Code and the EU ePrivacy Directive.

Harris Kyriakides

Harris Kyriakides' excellent team handles a wide array of competition law matters, with a particular focus on merger control matters and antitrust issues. The group is also skilled in advising on anti-competitive practices, state aid and public procurement issues. Regulatory work is another key area of instruction for the department. Michael Kyriakides and Eleni Neoptolemou are the practice heads.

Practice head(s):

Michael Kyriakides; Eleni Neoptolemou


‘This practice offers excellent and well documented legal services through a well structured approach. It keeps abreast of all current legislation and relevant court cases and also uses modern technology in a very efficient way. Its clients should expect a very professional and reliable service.’

‘Michalis Kyriakides’ contribution on a rather complex competition case has been catalytic towards a successful outcome. He always seeks all necessary industry related information and commercial knowledge to assist him in preparing the case in the most efficient way.’

‘A great law office, dependable and always available for assistance. Billing is always at market rates with no hidden costs.’

‘Good preparation, knowledge of subject, professionalism, and very good approach to customers.’

Key clients

Municipality of Limassol

Sewerage Council of Ayia Napa

Municipality of Dromolaxias-Meneou

Metrica AE

Petrolina (Holdings) Public Ltd

Primetel PLC

NCR (Cyprus) Ltd

AGS Agrotrading Ltd

DJ Karapatakis & SONS LIMITED

Ayia Napa Municipality

Lellos P Demetriades Law Office

Lellos P Demetriades Law Office's competition and antitrust practice is highly regarded for its capabilities in advising on the full range of EU and national competition law matters. The department handles a steady workflow of cases involving alleged abuse of dominance, cartel investigations, and merger notification filings. Under the leadership of Achilleas Demetriades, the group acts for companies from a diverse range of sectors, including pharmaceuticals, insurance, aviation and tobacco, before the domestic courts and the CPC, and is equally strong in advising on private actions for damages and judicial review applications against decisions of the CPC. At associate level, Marios Xiari is a key name. In July 2023 Haris Satasis left the firm to become a judge.

Practice head(s):

Achilleas Demetriades

Other key lawyers:

Marios Xiari


‘We like this practice because while they are a high quality law firm, it remains close to us as a customer and provides personalised service and care.’

‘Extremely knowledgeable, responsive and friendly.’

Work highlights

  • Acting for a local company in an action launched by the CPC for the recovery of the administrative fine that was imposed.

Chrysses Demetriades & Co Law Office

The competition practice at Chrysses Demetriades & Co Law Office is led by Polyvios Panayides, and the team is adept at advising on merger notification filings, data protection issues, and a broad range of antitrust matters before the CPC. The client base includes local and international corporations, and the group is noted for working with prominent international law firms on competition mandates. Shipping and ports, hospitality, real estate, insurance, energy and consumer goods are key sector strengths for the department. Associate Ioanna Kyriakidou is singled out for her contributions.

Practice head(s):

Polyvios Panayides

Other key lawyers:

Ioanna Kyriakidou


‘The team of Chrysses Demetriades has great expertise, and provides thorough and informed advice.’

‘The individuals we work with have thorough knowledge.’

Work highlights

  • Assisted a global provider of micro-irrigation systems with a multi-jurisdictional merger filing.
  • Acted for a shipping company in an antitrust investigation by the Cyprus Commission for the Protection of Competition, involving allegations of abuse of dominance.

Ioannides Demetriou LLC

Ioannides Demetriou LLC has a solid track record in acting for prominent clients, including semi-governmental organisations, public and private foundations, universities, major international and local commercial enterprises and shipping companies, in a wide range of EU and competition law matters. The team is also noted for appearing in significant cases before the Committee for the Protection of Competition. The practice is led by the triumvirate of Pambos Ioannides, Andrew Demetriou and Christina Ioannidou.

Practice head(s):

Pambos Ioannides; Andrew Demetriou; Christina Ioannidou


‘The team is very experienced and highly educated with in-depth knowledge of local and EU competition practice.’

‘Christina Ioannidou has in-depth knowledge of local and EU conditions; she is very efficient and very communicative, able to handle a wide variety of tasks and issues in a prompt manner.’


Key clients

Pinsent Masons LLP

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

Vassilikos Cement Works Public Company Ltd

Work highlights

  • Defending Vassilikos Cement Works Public Company Ltd in an investigation brought by the Committee for the Protection of Competition in relation to alleged abuse of dominance and unfair conditions implemented by the client.
  • Advising the leading petroleum and LPG companies on obtaining clearance from the competition authorities relating to the creation of a joint venture for constructing new LPG facilities.

Michael Kyprianou & Co. LLC

The experienced team at Michael Kyprianou & Co. LLC is jointly led by Menelaos Kyprianou and Ioanna Solomou. The group has an excellent track record in assisting local and international clients with all aspects of local and EU competition law, and has particular strength in advising on potential competition law infringements resulting from M&A deals. In addition, the department handles a steady workflow of data protection compliance mandates and matters concerning anti-competitive practices.

Practice head(s):

Menelaos Kyprianou; Ioanna Solomou

Other key lawyers:

Eleana Poulladou; Andria Kouloumi


‘A diverse and excellent team, ready to provide solutions and hands-on approaches for all aspects of EU & competition law.’

‘Ioanna Solomou, Andria Kouloumi and Eleana Poulladou are excellent competition law professionals with business acumen, excellent know-how, and a pragmatic approach.’

Work highlights

  • Acts as competition law counsel to the managers of the general cargo and passenger terminal of the Limassol port.
  • Acting as Data Protection Officer for the client, a reputable institute in the healthcare research sector.

Antis Triantafyllides & Sons LLC

Stelios Triantafyllides and George Triantafyllides co-head the practice at Antis Triantafyllides & Sons LLC, which acts for clients in a wide range of sectors, including energy, gas, banking and automotive, on a broad array of competition matters. The group is adept at handling matters ranging from preliminary advice on mandates to appearing in hearings before the CPC. Anti-competitive issues are prominent in the team's workload.

Practice head(s):

Stelios Triantafyllides; George Triantafyllides

Key clients

Cerberus Capital Management L.P.

Hellenic Bank Public Company Limited

Cyprus Import Incorporation Limited

Cyprus Theatre Organisation

Forthnet A.E.

Goldman Sachs Group Inc

Siemens Energy AG

Kering S.A.

DeepOcean AS

Cyprus Securities and Exchange Commission

Cyprus Radiotelevision Authority

Work highlights

  • Handled a concentration notification before the Cyprus Commission for the Protection of Competition, on behalf of Cerberus Capital Management L.P.
  • Handled a concentration notification before the Cyprus Commission for the Protection of Competition, on behalf of Hellenic Bank Public Company Limited.
  • Handling a recourse against the Cyprus Commission for the Protection of Competition, on behalf of Cyprus Import Incorporation Ltd, in connection with an administrative fine imposed by the Commission for the Protection of Competition for breach of Article 3 of Protection of Competition Law and Article 101 of TFEU.