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

Michael McBride and Marion Madella head the team at Chrysses Demetriades & Co Law Office, which has a wealth of experience in all aspects of shipping legislation and on the registration of ships in various countries. The group is adept at handling major cross-border deals and advises ship owners who control a significant number of the Cypriot merchant fleet as well as a number of the world's largest banks and financial institutions  involved in the financing of ships. Nikoleta Kleovoulou also specialises in shipping finance and regularly advises on the financing of both second-hand and new built vessels. The group is often called upon to provide advice to foreign maritime authorities and professional bodies.

Practice head(s):

Michael McBride; Marion Madella

Other key lawyers:

Nikoleta Kleovoulou

Work highlights

  • Assisting a Norwegian bank on all matters of Cyprus law on a transaction relating to the refinancing of a fleet of 75 vessels, with issues including a number of Norweigan-law ship mortgages.
  • Assisted groups European banks and financial institutions onCyprus law concerning the restructuring of several financing facilities concerning cruise ships.  
  • Assisted a Chinese bank on all matters of Cyprus law in a transaction relating to a $206m facility for the financing of a Cyprus flag vessel which involved the perusal of an English law facility agreement.

Elias Neocleous & Co LLC

The admiralty and shipping department at Elias Neocleous & Co LLC is headed by Costas Stamatiou. The team is skilled at advising banks, owners, managers, charterers, cargo owners and their respective insurers on a myriad of complex marine matters. It is also adept at handling shipping litigation and admiralty proceedings including proceedings for the arrest of ships or cargo to secure unpaid debts. Associate Andreas Christofides is another key figure, who is particularly recommended for his work on contentious matters such as proceedings in the Admiralty Court in relation to cargo damage claims and vessel arrests, often working with international firms.

Practice head(s):

Costas Stamatiou

Other key lawyers:

Andreas Christofides

Key clients

Abamba Limited

KKCG NSheerwater

Limassol Marina

Aphentrica Marine Insurance

Franman (Cyprus) Limited

ISD Dunaferr

Jarillo Shipping Company Ltd

BW Shipping (formerly Bergesen Worldwide)

Argo Coral Maritime Limited

Western Maritime

Lloyds of London

Work highlights

  • Advising a Cyprus based shipping company in relation to legal proceedings that have been filed concerning a collision at sea.
  • Advising an international union representing ship workers in a claim against shipowners and ship management companies relating to employment conditions for workers employed on Cyprus flagged ships.
  • Advising a commercial marina in respect of a dispute concerning a Marine Operating Agreement with various stakeholders.

Montanios & Montanios LLC

Montanios & Montanios LLC is praised for its ‘exceptional quality of service’ and for its ‘ability to cover the full spectrum of maritime law matters’ by being ‘devoted to its clients and always making themselves available even on short notice’. It has a full service maritime and shipping practice that deals with all aspects of shipping, ship financing and admiralty matters. Its client base includes P&I clubs, ship owners, ship management companies and banks. Acis Montanios, Adam Montanios and Eric Montanios are all praised for ‘ensuring that high-quality legal documents are produced’ and that ‘there is a ‘strict adherence to deadlines for all ship financing transactions’. It is a ‘high-quality team with good contacts and a goood relationship with the ship registry.’

Practice head(s):

Acis Montanios; Adam Montanios

Other key lawyers:

Eric Montanios; Maria Toumazi; Petros Iacovides; Nicolas Montanios; Elvina Montanios; Helen Georgiades

Testimonials

‘Efficient, customer-tailored solutions. Prompt, pertinent and accurate advice regarding any issues faced. Pleasant cooperation. Integrity. Particular value is assigned to the direct contribution and involvement of the firm’s senior partners in all transactions.’

‘Very good personal service; responsive; able to work as a team; large enough to handle bigger and more complex instructions, whilst still retaining the “family feel”. Adam Montanios is a very experienced practitioner with a good manner; Nicholas Montanios is learning fast’.

‘Long presence in the shipping sector, excellent knowledge of all relevant legal matters, expertise and efficiency in resolving problems, excellent co-ordination and co-operation with other law firms abroad’.

We feel extremely comfortable in dealing with numerous people from this firm because of their knowledge and ability to apply this knowledge to the cases before them. The team is vastly experienced and you feel that you are in very safe hands. We highly recommend Acis, Adam, Eric Montanios and Maria Toumazi. They are able to give first-class objective advice on time. We consider them to be experts in their field and feel very comfortable in the knowledge that they will give the best advice possible’.

‘The biggest advantage of M&M is that it is standing on solid foundations with a long and traditional maritime law background which has developed into a strong team of experienced as well as young aspiring law practitioners. Working with M&M gives you a feeling of assurance. It is long established in the market and always strives for high quality results. Adam Montanios has broad knowledge on maritime law and always provides excellent advice, guidance and support. Petros Iacovides has proved his capacity and extensive experience in litigation and admiralty law’.

‘Helen Georgiades is my contact for ship registration matters. Adam Montanios for more corporate issues. Both are very responsive, pragmatic and sensible and good to work with.’

‘The partners in the firm are like family and act as family both between them, but are also capable of developing personal long term relationships with their clients’.

‘The very high and solid education, attention to details, and thorough approach to every situation. Acis Montanios, Eric Montanios, Adam Montanios and Maria Toumazi are stand-out partners. Always ready to act in the clients’ best interests, great knowledge of the law and an exceptional provision of services at any time’.

Key clients

Tsakos Energy Navigation Ltd

Safe Bulkers Management Ltd

Tsakos Columbia Shipmanagement S.A.

Olympia Ocean Carriers Ltd

Histria Shipmanagement Ltd

Santierul Naval Constanta S.A.

West of England P&I Club

North of England P&I Club

Steamship Mutual P&I Club

Island Oil Limited

Sirios Shipmanagement

Bank of Cyprus

Hellenic Bank

Eurobank Cyprus

Astrobank

Work highlights

  • Advising a large tanker owning group on all aspects of the acquisition of two tankers and the financing aspects of the transaction.
  • Advising a ferry company on the reflagging of six passenger vessels from the UK Registry to Cyprus.
  • Advising a Cypriot bank as lead counsel for the restructuring and cross-collateralisation of two existing loans to a large shipping group.

Christodoulos G. Vassiliades & Co. LLC

Christodoulos G. Vassiliades & Co. LLC advises a whole host of ship owners and ship managing companies. Managing director Christodoulos G. Vassiliades and deputy manging director Louisa Massonidou are key contacts with expertise in the registration of yachts and close connections with the Belize registry. Annamaria Vassiliades, Maria Alexandrou and Eleni Marinaki head the department that frequently advises on the purchase of vessels, their registration, the securing of finance and any possible charter agreements.

Practice head(s):

Annamaria Vassiliades; Maria Alexandrou; Eleni Marinaki

Other key lawyers:

Christodoulos G. Vassiliades; Louisa Massonidou

Work highlights

  • Advising as Cyprus counsel on the construction of the world’s first shallow-draught, walk–to-work icebreaking vessel.
  • Advising on the transfer of the ownership of a vessel with UK flag.

Michael Kyprianou & Co. LLC

Peter Schodder is the new head of department at Michael Kyprianou & Co. LLC. The practice acts for a range of ship owners, ship managers, financial institutions and other industry related entities on a range of contentious matters such as charter party disputes, the carriage of goods by sea and cargo claims, marine insurance as well as disputes about shipbuilding contracts, personal injury claims and representing clients before the Admiralty Court. The team is also skilled at advising on a range of financing transactions, guarantees and other documents such as security documents.

Practice head(s):

Peter Schodder

Key clients

DP World Limassol

SMT Shipping Group

Coral Shipmanagement