{"id":47632,"date":"2025-03-20T12:33:35","date_gmt":"2025-03-20T12:33:35","guid":{"rendered":"https:\/\/my.legal500.com\/developments\/?post_type=legal_developments&#038;p=47632"},"modified":"2025-03-20T12:33:35","modified_gmt":"2025-03-20T12:33:35","slug":"economou-co-llc-secures-significant-victory-in-corporate-litigation-case","status":"publish","type":"legal_developments","link":"https:\/\/my.legal500.com\/developments\/thought-leadership\/economou-co-llc-secures-significant-victory-in-corporate-litigation-case\/","title":{"rendered":"Economou &amp; Co LLC Secures Significant Victory in Corporate Litigation Case"},"content":{"rendered":"<p><strong>Economou &amp; Co LLC is pleased to announce a significant victory achieved by our Corporate Litigation team in a high-stakes case involving our client, a prominent investment firm, supervised by the Cyprus Securities and Exchange Commission.<\/strong><\/p>\n<p><!--more--><\/p>\n<p>The claim brought against our client alleged an omission to carry out the claimant\u2019s trading orders, with the claimant seeking various remedies, including:<\/p>\n<p style=\"padding-left: 40px\">i. <strong>Special Damages<\/strong>\u00a0totalling over USD 1 million, corresponding to the value of shares in international companies.<\/p>\n<p style=\"padding-left: 40px\">ii. <strong>General damages<\/strong>\u00a0for claims of breach of contract, negligence, fraud, misrepresentation, undue influence, and loss of revenue.<\/p>\n<p style=\"padding-left: 40px\">iii.<strong> Court orders<\/strong>\u00a0in relation to the claimant\u2019s investment portfolio.<\/p>\n<p>Our client&#8217;s primary line of defence was that the non-execution of the claimant&#8217;s orders was due to factors beyond our client&#8217;s control.<\/p>\n<p>This week, the District Court of Limassol dismissed the court action in its entirety.<\/p>\n<p>This case highlights Economou &amp; Co LLC\u2019s commitment to delivering top-tier legal support in complex corporate litigation and further solidifies our position as a leading law firm in Cyprus.<\/p>\n","protected":false},"featured_media":0,"template":"","class_list":["post-47632","legal_developments","type-legal_developments","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/legal_developments\/47632","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/legal_developments"}],"about":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/types\/legal_developments"}],"wp:attachment":[{"href":"https:\/\/my.legal500.com\/developments\/wp-json\/wp\/v2\/media?parent=47632"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}