Soteris Pittas & Co L.L.C > Limassol, Cyprus > Firm Profile

Soteris Pittas & Co L.L.C
CHRYSANTHOU MYLONA 10
MAGNUM HOUSE
3030 LIMASSOL
Cyprus

Cyprus > Dispute resolution Tier 2

The team at Soteris Pittas & Co L.L.C is noted for its experience of obtaining interim orders, including freezing injunctions, receiverships and Norwich Pharmacal orders. It is also skilled at advising on the recognition, enforcement and registration of foreign awards of all kinds. The group is recommended for its ability to handle large disputes that span multiple jurisdictions for clients that include very well-known individuals, businessmen and companies from around the world. Department head Soteris Pittas is ‘full of energy, tactically very astute and very ‘hands-on’. Kyriakos Pittas is another key individual.

Practice head(s):

Testimonials

‘One of the most sought after firms in the market as their skills can dramatically change the chances of success. Creative, hardworking and successful – they take on the client’s case and work tirelessly to find a solution that works. Soteris Pittas has an encyclopaedic knowledge of law coupled with an easy and charming manner that wins over clients and courts alike. Never leaves you exposed and always gives 110%.’

‘Brave, brilliant and hardworking. Soteris inspires confidence and is honest and practical in his approach. Kyriakos is diligent, reliable and promptly updates on hearings.’

‘Long time in the market. Well known for quality approach and creative solutions.

‘Very client oriented with a very strong knowledge of local law. Highly effective.

‘A very robust and thorough team, which leaves no stone unturned in order to achieve the best results possible for its clients. They are also very responsive and efficient. Mr. Soteris Pittas has outstanding legal expertise and possesses an impressive legal insight and profound knowledge of law and legal procedures. Mr. Christodoulos Neofytou is very meticulous and responsive. Mrs. Anna Lamprou is very responsive, professional, and straightforward. Mr. Kyriakos Pittas is very creative and strives to come up with practical and efficient solutions.

‘Absolutely outstanding service all round. This is ‘the go to firm in Cyprus’ for disputes, without a doubt.  Really knows the local market like no other firm. During the pandemic, one of the first Cyprus firms to truly embrace video conferencing.’

‘Soteris Pittas is outstanding – probably the best lawyer I have worked with in Cyprus. His knowledge of disputes, Cyprus litigation and insolvency is second to none. Also recommend Anna Lambrou and Kyriakos Pittas. I have worked extensively on many matters with them.’

‘Soteris Pittas’ team comprises of Cypriot and English-qualified lawyers, which makes them well positioned to advise on matters involving parallel proceedings in Cyprus and England. The team is efficient and demonstrated its ability to react quickly and creatively to protect its client’s interests in Cypriot courts and at the same time to consider the impact of proceedings in foreign jurisdictions. Soteris Pittas, managing partner, is extremely knowledgeable, proactive and ready to suggest creative solutions. Kyriakos Pittas is one of leading associates in the litigation team. He is responsive and has a great eye for detail of complex matters.’

Key clients

Eurochem

Sistema PJSC

A1 Investment Company

National Bank TRUST

Primecap

Alpha Bank

Gazprombank (Switzerland) Ltd

RCB Bank

Zenit Bank

Rodovid Bank

Engarde, Ukraine

EDT Offshore

Ivanyan & Partners

Kennedys Law LLP

Dentons LLP (London – Moscow Offices)

Bryan Cave Leighton Paisner LLP

PB LEGAL LLC (Moscow)

Quinn Emanuel Urquhart & Sullivan, LLP, London

Forward Legal (Moscow)

Steptoe & Johnson LLP (London)

Field Fisher LLP

PCB Litigation LLP

Morgan Lewis (Moscow Office)

Reed Smith (Athens)

Muranov, Chernyakov & Partners (Moscow)

AquaSol Hotels Group

Work highlights

  • Acting for Russian National Bank TRUST (“NBT”) in various insolvency proceedings of Cypriot entities against which NBT has claims for the recovery of approx. $500m, advising NBT on various corporate and litigation matters under Cyprus law, as well as assisting same in arbitration proceedings on related matters ($500m).
  • Representing Gazprombank (Switzerland) Ltd before the Cyprus courts and successfully obtaining extensive freezing injunctions and prohibitive orders in aid of arbitral proceedings filed abroad against debtor companies of the DTEK Group, for a claim of approximately $29m. Advising Gazprombank (Switzerland) Ltd as to the effects of the acquired interim orders against the English schemes of arrangements proceedings filed by the debtors, as well as on inter alia issues of enforcement of English schemes of arrangements in Cyprus.
  • Handling a number of Cypriot civil proceedings on behalf of A1 Investment Company.

Cyprus > Commercial, corporate and M&A Tier 4

Soteris Pittas & Co L.L.C provides an ‘absolutely outstanding service all round’. Soteris Pittas and Maria Pitta lead the ‘highly qualified team’, which has ‘extensive experience’ of a wide range of corporate and commercial matters, such as M&A, joint ventures, corporate governance issues and shareholder agreements. The practice has close links and strong associations with numerous audit firms, private equity managers and fiduciaries in Cyprus, Russia and the former CIS countries.

Practice head(s):

Testimonials

‘Soteris Pittas is truly one of a kind. His incredible mind and experience allows him to foresee (and provide for) all matter of possible problems in the future. Working with Soteris can truly be considered as a worthwhile investment into one’s acquisition. Soteris’ legal strategy is second to none and his response times are simply incredible. He is always on the ball! Kyriakos Pittas is also an incredibly efficient and clever lawyer. He seems to be continuing with the family tradition of becoming a go to adviser for all legal matters. Soteris, Kyriakos and other members of their firm make an incredible team and a true pleasure to work with.’

‘A very responsive and client oriented team.’

‘A very strong and well-versed team with in-depth knowledge of corporate law and all aspects of M&A transactions, which provides very efficient services. Mr. Soteris Pittas is one of the top lawyers in Cyprus on M&A matters and corporate and commercial law. Mrs. Elizaveta Bokova who is a vital part of the corporate team, is very knowledgeable and provides on point and efficient advice. Mrs. Maria Pitta is very capable, responsive, and attentive. Mr. Kyriakos Pittas provides swift and accurate responses and has good business sense and understanding of the law.’

‘We have been working with this firm continuously for 12 years. In our opinion, the best firm in Cyprus for corporate law, including corporate management and issues of monetary management (to prevent money laundering).’

‘Mr. Pittas is always available for consultation. He is also very good at managing work within his office, and in updating clients. He is a good lawyer, and also a creative thinker.

‘The practice consists of reliable lawyers who are very experienced, client-oriented, responsive and result-driven. They are well prepared to represent the interests of their clients both in Cyprus and abroad applying the highest standards of legal expertise and offering the most efficient and affordable solutions. Soteris Pittas is the most outstanding asset of this team who boasts decades of impeccable legal work. He deals with all issues in a dedicated manner and you can expect him to find a proper and sometimes unexpected solution to any tricky issue. He is well respected within the global legal community and this reputation is truly deserved.’

Key clients

Sberbank

Essar Group

Sberbank Premier

Aton Group

Primecap

A1

Otkritie

King & Spalding

Genotek LLC

Glencore

Aton Group

Sistema Group

PAP Medical

Empire Group

Dentons

Marr Group

VTB

Concept Group

Dentons

Field Fisher (UK)

PB LEGAL LLC (Moscow)

Reed Smith (Athens)

Work highlights

  • Reviewing and drafting for Marr Group the support documentation for the sale of a building project relating to Marr Tower.

The firm: Soteris Pittas & Co LLC is a boutique law firm, in size only, focusing on the areas of law relating to business activity and dedicated to providing its clients with outstanding, highly personalised, legal representation.

The firm’s lawyers and associates provide comprehensive legal solutions for each client’s particular business needs, requirements and objectives. It is committed to representing clients at all stages of disputes, including negotiation, mediation, arbitration and litigation, in order to secure compensation and legal vindication.

The firm has close links and strong associations with reputable audit firms, private equity managers, and fiduciaries in Cyprus, Russia and the former CIS countries.

Areas of practice: Members of the firm have more than 20 years’ industry experience, and have gained considerable exposure in both contentious and non-contentious aspects of high-profile complex cross-border disputes, handling them with professionalism and expertise. All work undertaken is partner-led by lawyers from the respective departments.

Corporate, commercial, M&A: the firm handles a wide range of commercial litigation, including breach of contracts, fraud and misrepresentation, partnership and shareholders’ disputes, corporate dissolutions, shareholders’ rights and derivative actions, construction disputes, commercial assets recovery, collection cases, etc.

Admiralty and maritime law: the firm’s clients include ship-owners and charterers, P&I clubs, shipyards, ship and bunker supply companies, brokers, freight forwarders, hull and cargo insurers, marine engineering companies, salvors, etc. Handling on behalf of Cyprus shipping companies, with the assistance of the firm’s local associates, admiralty proceedings commenced in South Korea, Netherlands, Greece, Malta, Scotland, Turkey, Syria, Egypt, India, Italy, etc.

International and domestic litigation: the firm offers assistance, representation and advice at all stages of the arbitration process, including pre-contentious negotiations, the conduct of arbitral proceedings, advocacy at trial, and the challenge and enforcement of arbitral awards. It also appears before Cyprus courts to prosecute or defend applications for interim measures, in support of arbitrations such as injunctions, attachments, discovery orders and orders preserving evidence. It has handled numerous arbitrations in a variety of different forms, including the International Court of Arbitration, the International Chamber of Commerce, London Court of International Arbitration, the Vienna Arbitration Centre and the Russian International Court of Arbitration.

Corporate law services: the firm offers comprehensive legal advice and services in general commercial and corporate matters, including: drafting of commercial contracts, mergers and acquisitions, corporate governance, strategic legal advice, registration and administration of Cyprus companies, establishment and administration of international trusts, incorporation of funds (open and closed), collective investment schemes and legal audits.

International business transactions: the firm’s lawyers regularly structure, negotiate and implement complex cross-border acquisitions, tender offers, joint ventures, private equity investments, workouts and restructuring, and commercial contracting relationships for clients, around the world. The firm also handles equity and debt financing, and complex project and structured transactions. Its lawyers have assisted both established and emerging companies from a broad spectrum of industries, including banking, brewing, construction, engineering, high technology, information technology, manufacturing, mining, oil and gas, real estate, resort development, telecommunications and transportation.

International tax planning: the firm provides tailor-made tax planning and management all over the world. Although the firm is proud of its aggressive legal handling, it also has a friendly ‘boutique’ approach, and strives to give its clients’ problems its utmost attention.

DepartmentNameEmailTelephone
Managing Director Soteris Pittasspittas@pittaslegal.com25028460
Legal Department Lisa Bokovalbokova@pittaslegal.com25028460
Office Manager Marios Pittasmpittas@pittaslegal.com25028460
PhotoNamePositionProfile
Liza Bokova photoMrs Liza BokovaAssociate Lawyer
Eleana Dimitriou photoMs Eleana DimitriouAssociate Lawyer
Anna Lamprou photoMrs Anna LamprouAssociate Lawyer
Alexandros Mavrommatis photoMr Alexandros MavrommatisLegal Consultant
Christodoulos Neofytou photoMr Christodoulos NeofytouAssociate Lawyer
Maria Pitta photoMs Maria PittaPartner – Associate Lawyer
Kyriakos Pittas photoMr Kyriakos PittasAssociate Lawyer
Soteris Pittas photoMr Soteris PittasManaging Director of Soteris Pittas & CO LLC.
Number of lawyers : 10
English
Greek
Russian
Cyprus Bar Association
International Bar Association
Chartered Institute of Arbitrators
Contacts : Sotirios Pittas
Other offices : Larnaca
Other offices : Nicosia

Work highlights

  • Representing Plaintiff in a conspiracy action against numerous local and foreign defendants for a claim for damages for USD 820 million as well as in winding up and in enforcement proceedings of an arbitral award of USD 820 million, and successfully assisting same in reaching a settlement out of court.
  • Successfully representing a Cypriot Shareholder of a large Russian Bank in various proceedings in Cyprus for claims of USD 100 million, and successfully assisting same in reaching a favorable settlement out of court.
  • Representing a Plaintiff in a Conspiracy Action filed against various Cypriot and foreign residents involved in such conspiracy to defraud the Claimant by implementing an anti- enforcement strategy to block and render nugatory the enforcement of an LCIA Arbitral Award of USD 85 million.
  • Acting on behalf of a large Cypriot Hotelier Group in defending numerous actions filed by Cypriot Banks to enforce mortgage and Floating Charges over numerous hotels owned by the Client and challenging the appointment of Receiver effected by the Banks pursuant to floating charges (i.e. Euro 250 million).
  • Representing a Russian Conglomerate in an action before the Cypriot courts in a dispute concerning pledge agreements and successfully assisting same in cancelling and opposing interim orders issued against it.
  • Acting for a Shareholder of a Russian Bank in obtaining interim injunctions in aid and in support of the LCIA Arbitral claim for enforcement of a call option Agreement (i.e. USD 70 millions).
  • Acting for a Respondent in opposing a drastic anti suit injunction precluding Respondent from filing court or arbitral proceedings worldwide except before LCIA and succeeding in quashing and cancelling such anti-suit injunction by certiorari (USD 70 millions).
  • Acting for a Claimant in an LCIA Arbitral Claim in applying before Cyprus Court to obtain extensive inter relief in aid of its unfair prejudice LCIA Arbitral Claim (i.e. USD 160 millions).
  • Advising and acting for a Claimant in proceedings for enforcement of its call option rights and for damages for breach of the Call Option Agreement and obtaining interim relief (i.e. USD 150 millions).
  • Advising a holder of an Arbitral Award issued against a foreign state on the basis of a bilateral investment treaty about enforcement of an arbitral Award in Cyprus against assets owned by the foreign state and on the defence of state immunity (i.e. USD 350 millions).
  • Acting on behalf of a Cyprus Company for a claim against a Russian Shipping Company for the sum of USD 3.5 million for loss of cargo and obtaining an arrest warrant against a sister-ship.
  • Acting on behalf of a Cyprus Company for a Marine Insurance Claim for loss of cargo value of USD 3 million.
  • Handling successfully the defence of an admiralty claim lodged with the Cyprus Admiralty Court against a Cyprus ship owning company by the Chinese Shipping Company COSCO, for a collision taken place in the territorial waters of Denmark (i.e. USD 50 million).

SOTERIS PITTAS recently established the non-profit organization LETSHELP. The Organization’s main purposes is to help children with learning difficulties especially autism, to support students, who cannot afford their studies and to provide a helping hand to the families that are in need. More information on the non-profit organization LETSHELP you can find on the following webpage letshelp.eu.


Despite its boutique size, Soteris Pittas & Co LLC specializes in work involving cross-border elements, placing same in a prime position to assist and advice clients on an extensive array of cross-border matters, including issues relating to inter alia:

  • Court and arbitration disputes involving foreign jurisdictions
  • Recognition and enforcement of court judgments and arbitral awards
  • Insolvency and corporate reorganizations
  • Maritime disputes, including salvages
  • Mergers and Acquisitions
  • Banking and Finance
  • Intellectual property
  • Taxation
  • Investment Funds
  • Establishment and structuring of International Trusts

The clients

Soteris Pittas & Co LLC provides its clients with personalized and partner-led services at reasonable prices. The clients of the firm over the years include:

  • Some of the biggest Ukrainian and Russian banks
  • Conglomerates with global presence, with investments in inter alia the food and clothing industries and in telecommunications
  • Large companies in the pharmaceutics industry
  • Various high-net-worth individuals
  • Commercial cargo ship owners
  • Insurance Companies

The network

Soteris Pittas & Co LLC has strong relationships with associates in various jurisdictions and business areas, including advocates, accountants, service providers, banking institutions, marine service providers, experts, surveyors, etc, which network is made available to the firm’s clients.


CLIENT: Finvision
COMPANY/FIRM: CANDEY LLP – Yuri Botiuk (partner)
TESTIMONIAL: “Soteris Pittas is a ‘game changer’ in any case that he acts. If you are lucky enough to get him – your case just got better – if he is on the other side – try and settle.

Team players who are creative, diligent and always striving to get the best result for the client (which is a practical rather than a paper victory).

There is no ego with Soteris Pittas – its all about getting the result – and those results are the maximum achievable (and sometimes more).

The best chance of winning in Cyprus is to have Soteris Pittas on your side.”


CLIENT: Finvision
COMPANY/FIRM: CANDEY LLP – James Collins (Partner)
TESTIMONIAL: “Soteris Pittas is our “go to” lawyer for interim relief, enforcement and substantive issues in Cyprus.

His mastery of black letter law is second to none, but crucially he and his firm combine it with practical nouse and experience to get meaningful results that derive commercial benefits for clients.

It helps that he is a pleasure to work with, and is very client facing – he’s only too happy to get in the trenches with clients and Counsel alike.

The biggest compliment is we keep going back to Soteris Pittas time and again. The best in the Cyprus law business.”


CLIENT: Timofey Telyatnik / Lanuria Ltd
COMPANY/FIRM: Lanuria Ltd
TESTIMONIAL: “We can always count on a professional approach and quick supportive response to our needs. Mr. Pittas has demostrated the ability to solve the most complex problems and find the right solutions. Working with Mr. Pittas and his team means that it is always beyond and above our expectations. It is an honor and a great pleasure for me and our entire team to work with Mr. Pittas.”


COMPANY/FIRM: Fieldfisher LLP – Matt Hinxman (Partner)
TESTIMONIAL: “Without any doubts, Soteris Pittas & Co L.L.C is an outstanding law firm, an impressive team and our ‘go to’ trusted firm in Cyprus be it on corporate transactional or disputes related matters.

Soteris and his team are commercially minded, results driven and put their clients’ interests first. Their work product is first rate, their knowledge of the relevant law is comprehensive and their tactical skills are very impressive.

Working with Soteris and his team is a pleasure – I always know that I can pick up the phone to them any time of the day or night, which is so important when working on fast paced, complex cross border matters.”

CYPRUS

SOTERIS PITTAS & CO LLC is a boutique law firm, focusing on the areas of law related to business activity and dedicated to providing its clients with outstanding, highly personalized, legal representation.

The lawyers and associates of the firm with their combined skills-set and knowledge can provide comprehensive legal solutions according to the clients’ particular business needs, requirements and objectives. We are committed to representing our clients at all stages of disputes, including negotiation, mediation, arbitration, and litigation, in order to secure just compensation and legal vindication. Our corporate and M & A departments provide full-fledged support ranging from formation of companies world-wide to legal support in complex corporate, commercial and finance transactions. The Firm has close links and strong associations with reputable audit firms, private equity managers, and fiduciaries in Cyprus, Russia and the former CIS countries.

Our Firm announces the appointment of two new Partners

SOTERIS PITTAS & CO LLC is pleased to announce that as of the 23rd of December 2019, Mrs. Maria Pitta and Mrs. Evi Lamprou have been promoted as partners in our Firm.

Cyprus

Our MD Mr. Soteris Pittas attended a seminar organised by the Ukrainian Bar Association and the Association of Judges of Ukraine in KIEV 02-11-2015

Our MD Mr. Soteris Pittas attended a seminar organised by the Ukrainian Bar Association and the Association of Judges of Ukraine at the premises of the High Specialised Court of Ukraine for Civil and Criminal Cases. The topic was "Application of New York Convention for Recognition and Enforcement of Foreign Arbitral Awards".


Conference “kiЕv Arbitration Days 2015: “think Big”

Our MD Mr. Soteris Pittas attended as a speaker, the International Conference “KIЕV ARBITRATION DAYS 2015: Think Big!” held on 05-06 November 2015, in Kiev, Ukraine, under the auspices of Ukrainian Bar Association.


Basic Principles Of Corporate Law

In House Seminar for the Employees of SOTERIS PITTAS & CO LLC & MAGNUMSERVE LTD

The personnel of SOTERIS PITTAS & CO LLC and MAGNUMSERVE LTD, attended the In-House Seminar "Basic Principles of Corporate Law - with the hint of Business Law and Practice" which was successfully held on the 18th of December 2015 at our premises MAGNUM HOUSE by the Firm's Senior Legal Consultant, Mrs. Liza Bokova.


Case Management

In House Seminar for the Employees of SOTERIS PITTAS & CO LLC & MAGNUMSERVE LTD

The personnel of SOTERIS PITTAS & CO LLC and MAGNUMSERVE LTD, attended the In-House Seminar "Case Management" which was successfully held on the 27th of November 2015 at our premises MAGNUM HOUSE by the Firm's Managing Director, Mr. Soteris Pittas.


Service Of Court Documents

In House Seminar for the Lawyers of SOTERIS PITTAS & CO LLC

The lawyers of SOTERIS PITTAS & CO LLC, attended the In-House Seminar "Service of Court Documents" which was successfully held on the 4th of November 2016 at our premises MAGNUM HOUSE by the Firm's Associate Lawyer, Ms. Nada Starovlah.