Hall Of Fame

Firms To Watch: Maritime and admiralty

At AMG Mylonas & Associates, LLC, practice head Andreas Mylonas stands out for his ‘client-centric approach and in-depth understanding of the industry', and regularly acts for shipping companies in contentious and non-contentious matters.

Firms in the Spotlight Maritime and admiralty

Montanios & Montanios LLC

Montanios & Montanios LLC logo

Montanios & Montanios (M & M) is one of the oldest law firms in Cyprus with an international practice. Over the last 67 years, it has acted for a wide spectrum of Cypriot and overseas clients, both corporate and private. It has been involved in a great number of local and international shipping corporate and …

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Maritime and admiralty in Cyprus

Chrysses Demetriades & Co Law Office

The ‘very competent’ team at Chrysses Demetriades & Co Law Office is ‘friendly, knowledgeable and keen to help’. The practice regularly acts for some of the world's largest ship management and ship owning companies, as well as prominent banks and financial institutions. Michael McBride and Marion Madella co-head the department, which is active in ship finance matters, sale and purchase agreements, maritime insurance matters, regulatory compliance issues, vessel registrations and chartering. Senior associate Nikoleta Kleovoulou is singled out for her expertise in the space.

Practice head(s):

Michael McBride; Marion Madella

Other key lawyers:

Nikoleta Kleovoulou


‘Very experienced. Their advice is concise. They accurately assess the degree of legal risk in a given situation.’

‘A top law firm in Cyprus.’

‘The firm offers an all round service ranging from shipping to corporate to finance to litigation etc. and thus can assist in complex projects where the expertise from various sections of the company may be required.’ 

‘Long experience in their fields and knowledge of their clients’ business, thus enabling them to give firm advice with a commercial touch.’

‘First-class ship finance practice, with strength and depth. Marion Madella is very experienced and very knowledgeable of Cyprus law. Efficient and diligent, with no nonsense. Always reliable.’

‘Very experienced team. Nikoleta Kleovoulou is very efficient and responsive.’

‘The service received from Chrysses Demetriades is always first class; they are deeply knowledgeable about the law and practices of the shipping pegistry and offer pragmatic and commercial solutions to any given problem. Further, they are always responsive.’ 

‘Nikoleta Kleovoulou is exceptional. She is technically brilliant and is able to provide clear, concise advice on a range of complex matters.’

Work highlights

  • Assisted multiple banks with all Cypriot legal aspects of a financing transaction for a EUR1,740,792,336.24 loan facility.
  • Advised a bank on all Cypriot legal aspects concerning a financing transaction for a $900,000,000 loan facility.
  • Assisted a bank with all Cypriot legal aspects regarding a financing transaction for EUR410,000,000 loan facilities and amendment agreements.

Elias Neocleous & Co LLC

The admiralty and shipping department at Elias Neocleous & Co LLC, led by Costas Stamatiou, has an excellent track record in assisting banks, owners, managers, charterers, and cargo owners with a broad range of matters. Key areas of instruction include shipping litigation, often involving ship arrests, international arbitration, and admiralty proceedings. The team is also well known for working in tandem with international law firms to advise on issues concerning Cyprus registered entities and vessels. Other key practitioners to note are Vassilis Psyrras and Andreas Christofides.

Practice head(s):

Costas Stamatiou

Other key lawyers:

Andreas Christofides;Vassilis Psyrras

Key clients

Royal Caribbean Cruises Ltd

Abamba Limited


Limassol Marina

Aphentrica Marine Insurance

Franman (Cyprus) Limited

Hellenic Petroleum

ISD Dunaferr

Jarillo Shipping Company Ltd

BW Shipping (formerly Bergesen


Argo Coral Maritime Limited

Western Maritime

Lloyds of London

Work highlights

  • Assisted Royal Caribbean Cruises with the registration and flagging of a cruise ship in Cyprus.
  • Advised a global operator of ferry services and shipping operations on its acquisition of an international global Ro-Ro freight forwarder and logistics provider.

Montanios & Montanios LLC

The ‘outstanding’ team at Montanios & Montanios LLC is well regarded for its 'extensive legal knowledge' across the spectrum of shipping and admiralty matters. The practice receives a steady flow of instructions from major Cypriot and international banks involving ship financing transactions, and is equally strong at handling contentious matters in the area, often including complex cross-border and multi-jurisdictional elements. Led by the quartet of Acis Montanios, Adam Montanios, Petros Iacovides and Yiannis Papapetrou, the group also acts for P&I clubs, ship owners and ship managers. Eric Montanios is also singled out for his contributions.

Practice head(s):

Acis Montanios; Adam Montanios; Petros Iacovides; Yiannis Papapetrou

Other key lawyers:

Nicolas Montanios; Maria Toumazi; Alki Montanios; Avra Arestis-Zachariade; Eric Montanios; Irene Kapiri


‘ Nicolas and Adamos Montanios provide the best blend of experience and speed in the field. They have always been fast to respond and provide solutions. Their combined knowledge would be difficult to find in any other firm in Cyprus in the maritime sector.’

‘Orientated towards clients’ needs.’

‘Very knowledgeable, responsive and client-oriented. Montanios are always quick to respond with thorough and knowledgeable advice properly tailored to what we are looking for.’

‘I mainly deal with Maria Toumazi who is always thoughtful and careful, and very practical with a real knowledge of the industry.’

‘Avra Arestis-Zachariades is our go to for all Cyprus law matters, in particular ship registration and company law matters. We have used her and her team for many years. Very competent, independent, attentive and friendly. High quality in all respects. ’

‘Exceptional knowledge of the shipping market, lawyers and partners are very reachable and helpful, excellent collaboration, reasonable billing.’

Key clients

Tsakos Shipping Group

Safe Bulkers Inc.

Olympia Ocean Carriers Ltd

Histria Shipmanagement Ltd

Santierul Naval Constanta S.A.

West of England P&I Club

NorthStandard P&I Club

Steamship Mutual P&I Club

Island Oil Limited

Stena International

Baleària Eurolineas Maritimas S.A.

P&O Ferries

Sirios Shipmanagement

Bank of Cyprus

Hellenic Bank

Eurobank Cyprus


Work highlights

  • Assisting with a time charter matter involving an alleged unlawful termination of a charter party agreement.
  • Advising a shipping fund on the purchase of two LNG carriers under a sale and leaseback transaction, and registering the vessels under the Cyprus flag.
  • Assisting a large ferry operator with the provisional and permanent registration of an LNG-powered ferry under the Cyprus flag, and a subsequent registration under another EU flag.

Michael Kyprianou & Co. LLC

Menelaos Kyprianou, Tonia Antoniou, Ioanna Solomou and Peter Schodder are at the helm of Michael Kyprianou & Co. LLC‘s practice. The team acts for ship owners, managers, and financial institutions in a wide range of maritime matters. Transactional work is a core area of instruction, with particular focus on shipping finance, and the group is also highly experienced in advising on contentious matters, including litigation arising from shipbuilding contracts and charterparty disputes.

Practice head(s):

Menelaos Kyprianou; Tonia Antoniou; Ioanna Solomou; Peter Schodder

Other key lawyers:

Andria Kouloumi


‘The very knowledgeable team keeps in close contact with clients, and proactively advises on new regulations.’

Ioanna Solomou is an exceptional person and very professional.’

‘Collaboration, technology, professionalism.’

Key clients

EMAR Offshore Services

Abys Yachting

Work highlights

  • Provides ongoing assistance to a maritime stakeholder entity concerning maritime, regulatory and corporate issues.
  • Acts as leading local counsel to a major group of shipping companies, assisting with all the clients’ corporate and commercial, banking and finance and regulatory matters in Cyprus, as well as acting as the group’s representative with the Shipping Deputy Ministry.

E & G Economides LLC

Led by George Economides, the practice at E & G Economides LLC handles a wide range of complex shipping matters. Key pillars of strength for the department include vessel registrations, contractual matters and the registration of shipping companies. Charterparty contracts and agreements for the sale and purchase of ships are also prominent in the group's workload.

Practice head(s):

George Economides


‘Prompt and efficient, with a custom-made approach and solution-oriented attitude.’

‘Real care shown towards the customer.’

‘Good knowledge of business environment.’

‘George Economides and his colleagues are always willing to help find the right solutions for us.’

Key clients

Polsteam Shipping Company Limited

Unity Line Ltd

Totalserve Management Ltd

Nogat Shipping Limited

Cyfadaco Shipmanagement Limited

ERYX Group

Polonia Line Limited

Wolin Line Limited

Scania Line Limited

Gryf Line Limited

Sedina One Ferry Lines Limited

Sedina Two Ferry Lines Limited

Sedina Three Ferry Lines Limited

AP the Ability Group Limited

Work highlights

  • Advised a client on the application process for registering four Ro-Ro passenger vessels in Cyprus.
  • Assisted the client with the sale of a pleasure yacht.
  • Provides ongoing assistance to a maritime stakeholder entity concerning maritime, regulatory and corporate issues.

Harris Kyriakides

Michael Kyriakides heads up the practice at Harris Kyriakides, which has a solid track record in advising on the formation and maintenance of shipping companies, registration of vessels, and the sale and financing of ships. The team's workload also includes shipbuilding agreements and related litigation and arbitration proceedings. Maritime tax and insurance work is another core area of focus.

Practice head(s):

Michael Kyriakides

Other key lawyers:

Munevver Kasif


Excellent professionals, quick responses, always available to assist, very kind people, they listen to my ideas and needs carefully.’

‘It boasts a team of experts who prioritise collaboration, diversity, and innovative problem-solving.’

‘What I value most in them is their commitment to excellence and their willingness to go the extra mile to ensure client satisfaction. Stand-out members of the firm include Michael Kyriakides and Munevver Kasif.’

Key clients

CMMI Cyprus Marine and Maritime Institute

Prevention at Sea Ltd


Columbia Ship Management

AGS Agrotrading Ltd