Firm Profile > STELIOS AMERICANOS & CO LLC > Nicosia, Cyprus
STELIOS AMERICANOS & CO LLC Offices
12TH DEMOSTHENI SEVERI AVENUE
STELIOS AMERICANOS & CO LLC > The Legal 500 Rankings
The team at STELIOS AMERICANOS & CO LLC has expertise in advising firms on ‘everyday questions to complex deals involving escrow, pledges, M&A, and the restructuring of deals’. It has a particularly strong track record acting on cross-border M&A, especially in the real estate, tourism, and energy sectors. In 2019, the firm acquired local firm Charis Savvides & Co LLC, a move which has augmented the team’s strengths in this area. Stelios Americanos (‘a superb lawyer who knows how to get the job done’) and Michalis Zambyrinis (‘pays attention to details and provides accurate and easy-to-understand advice on even the most complicated issues’) are names to note.
Stelios Americanos; Despina Americanou; Soteris Costa; Olga Petrova; Michalis Zambyrinis; Christoforos Tsekouras; Kalogirou; Andreas Parpas; Kyriaki Christofi; Len Judes
‘Partners are always available 24/7. They are hands on and not merely supervising, which has an excellent impact on the quality of the transaction.’
‘Michlalis Zambyrinis, with whom we have worked together is diligent, pays attention to the details and provides accurate and easy-to-understand advice on even on the most complicated issues.’
‘We’ve been working with Stelios Americanos & Co LLC: from everyday questions to complex deals involving escrow, pledges, M&A, and the structuring of deals etc. Despite the size and amount we’ve been always receiving the best advice – always prompt, always very professional, always the best choice for the client.’
‘I prefer to work with either Stelios Americanos or with Juliana Kyriakides. Both are very professional, always reply the same day so I can rely on getting feedback in time. Their deep knowledge combined with the firm’s wide practice is a killing combo fitting all of our needs.’
‘Excellent legal practice with an understanding of the commercial aspects underpinning transactions. High responsiveness and intelligent advice.’
‘Stelios Americanos is a superb lawyer who knows how to get a deal done. He is able to advise clients both on the legal implications of any actions, as well as the local market regulatory and commercial ecosystem.’
FATTAL / LEONARDO GROUP
SHARELINK FINANCIAL SERVICES (SFS Group)
K. Athienitis Contractors Developers Public Ltd
Green Olive Firms
Banking and finance Tier 3
The ‘extremely professional and efficient’ team at STELIOS AMERICANOS & CO LLC handles a broad range of cross-border transactions, namely acquisitions, project financing, and real estate financing. The firm has experience acting for lenders and borrowers, particularly on inward investment to Commonwealth of Independent States and Eastern Europe countries. Clients include local and international commercial and investment banks, investment funds, governmental institutions, and corporate borrowers. Despina Americanou heads the team. Another key practitioner is managing partner Stelios Americanos, who ‘can think outside of the box and displays exceptional attention to detail’ on banking matters.
‘The Banking & Finance team of Stelios Americanos & Co LLC is extremely professional and efficient in all engagements and dealings. They are hard working and have very good industry knowledge. Within project development, the firm is highly specialised in real estate financing projects and we regularly engage their services for these matters.’
‘Olga Petrova provides timely and clear advice and understands our business objectives well.’
‘The team is very responsive and client-oriented.’
‘Stelios Americanos and Despina Americanou are very sensitive to the client’s needs and always try to provide as much practical advice as possible.’
‘Stelios Americanos is a great lawyer with excellent capabilities, expertise, a lot of experience, and is very practical and efficient.’
‘Strong understanding of regulatory landscape and ability to work well with banks and regulators.’
‘Stelios Americanos has exceptional knowledge of local laws, as well as strong personal relationships with all major banks. He can think outside of the box and displays exceptional attention to detail.’
Bank of Cyprus
Alfa Bank Greece
Alfa Bank Ukraine
Credit Europe Bank Ltd
Hines International Fund Management Company
Bank Of Moscow
Dispute resolution Tier 3
At STELIOS AMERICANOS & CO LLC, corporate litigation is the cornerstone work of the practice. Interim injunction proceedings and pre-emptive remedies are two areas of expertise. The firm deals with both local and international clients, and cases usually involve an international element. The team comprises ‘many young but knowledgeable individuals ready to think outside of the box'. Practice head Soteris Costa and senior associate Akis Koumas – a ‘very experienced litigator’ – are key contacts.
‘The team comprises many young but knowledgeable individuals ready to think outside of the box, utilizing the experience of the more senior lawyers, allowing the firm to produce the best possible results and suggest the best strategies for handling any kind of dispute.’
‘Akis Koumas, being one of the firm’s senior lawyers, is a very experienced litigator and his thoroughness can be impressive, but it is his high moral standards combined with his professionalism that make him stand out. Chrysanthi Epifaniou is one of the younger members of the firm but yet one of the most resourceful and eager to learn litigators adding significant value to the litigation team.’
Bank of Cyprus
Alfa Bank Ukraine
Arricano Real Estate PLC
KA Finanz AG
K. Athienitis Contractors Developers Public Ltd
Tashir Group of Companies
South Automobile Group LLC
Awendale Resources INC
Muscari Property S.A.
Avanen Holdings Ltd
Real estate and construction Tier 3
Property acquisitions, construction agreements and assistance with land registry procedures feature prominently in STELIOS AMERICANOS & CO LLC’s practice. Clients include multinational companies and domestic property owners. Managing partner Stelios Americanos leads on the work.
SHARELINK FINANCIAL SERVICES (SFS Group)
K. ATHIENITIS CONTRACTORS DEVELOPERS PUBLIC LTD
STELIOS AMERICANOS & CO LLC > Firm Profile
The firm: Stelios Americanos & Co LLC is a full-service commercial law firm with its headquarters in Nicosia, specialising in corporate and commercial law, banking finance, litigation, tax and financial advisory services.
The firm assembled a dynamic team working with cutting-edge technology and quickly established an enviable reputation for providing an efficient and competent service. It has become a leading niche firm for corporate work. The firm’s clients are guaranteed continuous and tailored support combined with a positive and constructive approach, and the ability to solve complex legal and tax problems with a business-oriented mentality.
The firm has an impressive list of local and international clientele that includes major banking and finance institutions, investment firms, industrial organisations, major contractors, leading international law firms, multinational corporations and high-net-worth individuals.
The firm has worldwide contacts with reputable legal and advisory practices and is able to assist clients with all aspects of their cross- border transactions.
The firm regularly advises governmental and semi-governmental organisations, major financial banking institutions, public companies, single-owned start-ups and multinational corporations in high profile asset finance, project finance and securitisation and on complex cross-border transactions including mergers and acquisitions and restructuring.
The firm has also established an excellent reputation for its corporate litigation department, achieving remarkable results in a number of high profile litigation cases involving cross-border transactions.
Members of the firm are very active in various professional associations and take part as speakers in international conferences and seminars while regularly publishing articles and contributions in a variety of matters related to Cyprus Law.
Recent awards include: Banking and Finance Law Firm of the Year in Cyprus for 2016 by Corporate International Global Awards and Cyprus Corporate and Commercial Law Firm of the Year 2017 by ACQLAW.
Areas of practice: Corporate: formation, acquisition and dissolution of companies in Cyprus and abroad; corporate governance management and secretarial services; insolvency services; trustee fiduciary services; advising on shareholders issues, including advice on the drafting negotiation and implementation of subscription and shareholders’ agreements; capital increases, equity contribution and differentiation of class rights venture capital financing; and redomiciliation of companies.
Commercial: cross-border transactions and joint ventures; agency, distributorship and franchise agreements; private and public offerings and takeovers; sophisticated structures involving Cyprus entities; securities law compliance; and all intellectual aspects of commercial transactions.
Real Estate & Construction: The firm’s real estate team deals with all matters related to immovable properties.
The firm advises both individual and corporate clients on:
- Property due diligence
- Advising on and negotiating the terms of acquisitions, sales and transfers
- Advising on financing and licensing involving commercial and residential property
- Sale-purchase agreements
- Acquisition of property by non-residents
- Property management for non-residents
- Review, negotiation, drafting and conclusion of construction agreements and rental agreements.
- Wills, probate and re-sealing’s and estate administration
Mergers and Acquisitions: structuring and tax optimisation of mergers, acquisitions and joint ventures; financial and tax due diligence in connection with acquisitions involving Cyprus companies; drafting and negotiation of subscription/share purchase agreements, shareholders and joint venture agreements; legal and tax advice on corporate, regulatory, securities, competition, labour and enforcement matters.
Banking and Finance: reviewing or drafting of project finance and security documentation; advice on the priority, perfection and enforcement of different types of securities; advice on corporate and tax matters; advice on stamp duty and proper execution of documents; advice on conflict of law issues; issuance of the relevant legal opinions covering corporate power authority and the legality, validity and enforceability of the Cyprus law governed documents.
Litigation and Arbitration: national and international arbitration; banking and financial; stock exchange and securities legislation; taxation; bankruptcy; enforcement of foreign judgments and arbitration awards; pursuing interim pre-emptive remedies.
|Corporate, commercial and M&A||Stelios Americanos|
|Corporate, commercial and M&A||Soteris Costa|
|Corporate, commercial and M&A||Xenia Kalogirou|
|Corporate, commercial and M&A||Kyriaki Christofi|
|Banking and finance||Despina Americanou|
|Banking and finance||Olga Petrova|
|Banking and finance||Xenia Kalogirou|
|Banking and finance||Michalis Zambyrinis|
|Litigation and arbitration||Soteris Costa|
|Litigation and arbitration||Eve Karaviotou|
|Litigation and arbitration||Akis Koumas|
|Litigation and arbitration||Chrysanthi Epifaniou|
|Litigation and arbitration||Andreas Parpas|
|Corporate management and fiduciary services||Juliana Kyriakides|
|Corporate management and fiduciary services||Kyriaki Christofi|
|Financial services||Len Judes|
|Financial services||Xenia Kalogirou|
|Real estate and construction||Michalis Zambyrinis|
|Real estate and construction||Thanos Fiakas|
|Immigration and citizenship||Stelios Americanos|
|Immigration and citizenship||Thanos Fiakas|
|International tax planning||Michalis Louca|
|International tax planning||Len Judes|
|Trusts and inheritance||Michalis Zambyrinis|
|Trusts and inheritance||Kyriaki Christofi|
|Ship registration and finance||Kyriaki Christofi|
|Public procurement/administration||Stelios Americanos|
|Public procurement/administration||Christoforos Tsekouras|
|Fund registration and administration||Xenia Kalogirou|
|Fund registration and administration||Kyriaki Christofi|
|Capital markets, IPOs and securities||Despina Americanou|
|Capital markets, IPOs and securities||Michalis Zambyrinis|
|Intellectual Property||Despina Americanou|
|Intellectual Property||Christoforos Tsekouras|
|Financial and Investment Regulatory Compliance||Charis Savvides|
|Restructuring, Receivership and Liquidation||Charis Savvides|
|Innovation and Blockchain||Charis Savvides|
|Accounting and Taxation||Andreas Michaelides|
Staff FiguresNumber of lawyers : 20 at this office : 16
LanguagesArabic English French Greek Hebrew Russian Ukrainian
MembershipsInternational Bar Association Cyprus Bar Association International Tax Planning Association STEP IR GLOBAL IGAL Leaders in Law
OtherOther offices : Athens
Press Releases5th March 2020 The Cypriot law firm Stelios Americanos & Co LLC organized on 17 February 2020 its first international conference for the year in Tel Aviv in Israel.
4th October 2019
The scope for enhancing economic relations and business ties between Kazakhstan and Cyprus is immense, Cyprus’ Minister of Finance said in his opening address at the Conference "CIS – Kazakhstan – Cyprus – Business Cooperation Heralding the New Era", held Thursday in Limassol.
31st May 2018
Stelios Americanos & Co LLC, participated at Intax Forum Ukraine 2018 which took place in Kiev, between 21 and 22 May 2018.
7th May 2018
Cyprus Tax Department has announced that, as of June 1st 2018, the following taxes, not bearing interest and charges, can ONLY be paid via JCCsmart (website www.jccsmart.com.cy). JCCsmart is a Cyprus portal used to contact payments to various organizations including the Government. This measure follows the successful implementation of the Pay As You Earn (PAYE) tax withheld from employees through JCCsmart.
18th April 2018
A pledge is by definition a possessory security interest and thus involves the delivery of possession, actual or constructive. A security interest is valid and enforceable once it has been attached to the asset and is perfected. A security interest that has been attached and perfected is enforceable as between the pledgor and pledgee. The effect of attachment is that the security interest fastens on the asset so as to give the creditor rights in rem.
6th April 2018
THE MAIN PROVISIONS OF THE LEGISLATION WHICH IS UNDER DISCUSSION BEFORE THE HOUSE OF THE REPRESENTATIVES FOR THE LEGALISATION OF THE IMPORTATION AND/OR PRODUCTION AND/OR CULTIVATION OF PHARMACEUTICAL CANNABIS
6th April 2018
The Central Bank of Cyprus has on 9/4/2016, activated the procedure for the payment of compensation amount from the Deposit Guarantee Fund for Banks for deposits held in FBME Bank Ltd – Cyprus branch.
6th April 2018
1. Scope of the Stamp duty Law.
1.1.Stamp duty is governed by Stamp Duty Law (19/1963) (hereinafter the “Law”). The Law (article 4 (1)) provides that the documents that are specifically named in its first schedule (and only such documents) are subject to stamp duty provided these documents relate to: (i) assets situated within the Republic of Cyprus; or (ii) matters or things to be performed or done in Cyprus; irrespective of the place of execution of such documents.
22nd March 2018
Cyprus’ strong economic recovery will continue in 2018 with the GDP expected to be 3.2% (2017: 3.8%) which is well above the European Union average. Inflation forecast shows an increase in 2018 to 1.2% (2017: 0.7%) well within the healthy limits, with unemployment expected to be near the 10% mark in comparison with 13% of the year before.
13th March 2018
Cyprus Tax Authorities announce the 10 year bond yield for Notional Interest Deduction (NID) purposes
The Cyprus tax authorities have announced the interest yield of the 10 year government bonds as at 31st December 2017 which increased by 3% grants tax allowance on new capital introduced into the Cyprus company.
13th February 2018
Cyprus consistent efforts to modernize its regulatory environment for investment funds, has created a legal framework bearing hallmarks of the regimes in Luxembourg and Ireland, and has strengthened Cyprus’ profile as an emerging European funds and asset management domicile.
20th December 2017
Stelios Americanos & Co LLC advised Athienitis Group over €100 million debt restructuring
The high profile transaction was one of the most complex restructuring in Cyprus as involved bank debt, bond holders issues and related litigation, financing provided by the Cyta Provident Fund, minority shareholder considerations and the construction and management of the Nicosia Mall a project with a construction cost of over €uro100million.
20th December 2017
The Law firm of Stelios Americanos & Co LLC, with pleasure announces the appointment as new Partners / Directors:
11th August 2017
On the 14th of July the Cyprus Parliament passed a law amending the Income tax law of 2002 as to the requirements of tax residency of individuals in Cyprus.
14th July 2017
The Cyprus Tax Department ("TD") has issued an interpretative Circular on 30th of June as to the tax treatment of intra group back to back financing arrangements. This follows the TD announcement that it will cease applying the minimum accepted profit margin on back to back loan schemes as agreed in July 2011.
14th July 2017
Stelios Americanos & Co LLC, participated in DC Finance conference in Israel on the 13th of June 2017. The seminar took place at Hilton, Tel-Aviv.
18th April 2017
Stelios Americanos & Co LLC advised on Cyprus law issues the joint venture between Fattal, the Israeli hotel management chain and ISSTA, Israel's largest tourism company in the acquisition of hotels Cypria Maris, Cypria Bay and Laura in Paphos, Cyprus.
20th March 2017
With new additions to its already established legal team, Stelios Americanos & Co LLC Law firm welcomes 3 new lawyers aiming to strengthen further it’s litigation and corporate practices and continue serving its clients with integrity, personal commitment, dedication and professionalism.
2nd March 2017
Cliff Law Firm of Moscow and Stelios Americanos & Co LLC (Cyprus) host conference on “The Global Exchange of information: The business world on the threshold of a new era”
The new Multilateral Agreement on the Automatic Exchange of Financial Information between tax authorities and controlling bodies that has been signed by 83 countries, the Russian Federation inclusive, has launched a new era for the international business. The Exchange of Financial Information Agreement obliges the banks and generally financial institutions to disclosure information on the final beneficiaries of corporate accounts, as well as on international transactions. This newly emerging requirements will force the businesses to review their current setups and practices under the light of the new rules and directives.
2nd March 2017
Advantages, risks legal and tax structuring
Stelios Americanos & Co LLC, participated in Saint Petersburg conference on the 13th of December 2016, the topic of which was “Properties Overseas: Advantages, risks legal and tax structuring”. The seminar was co-organized with Delovoy Saint Petersburg and Maxima Legal and took place at Grand Hotel Europe.
2nd March 2017
Stelios Americanos & Co LLC completed a successful visit to China, having met with clients and partners and participated in two conferences in Shanghai and Beijing in October/November 2016.
Following a successful visit to China in May, 2016, Stelios Americanos & Co LLC made a second trip to China, in order to participate in two conferences in late October, and early November 2016, in Shanghai and in Beijing. The Firm was represented by Len Judes who spoke about and presented the Cyprus Citizenship and Permanent Residency by investment programs.
Legal Developments27th April 2020
Force Majeure & the Doctrine of Frustration in Cyprus Law
The recent outbreak of Covid-19, which the World Health Organisation classified as a pandemic, has brought to the fore significant issues for businesses. The disease has a profound impact on the performance of businesses and their underlying contractual relationships.
5th July 2019
Our Family Grows Ch. P. Savvides & Associates LLC is a highly reputable, young and energetic law firm based in Nicosia actively involved in Financial & Investment Regulatory Compliance, Litigation & Insolvency, Corporate Law and a pioneer in providing legal advice for innovative technology business ideas and Blockchain.
5th June 2019
Anti-Tax Avoidance Directive. The Cyprus Ministry of Finance has presented to the Parliament legislation in view of the implementation of the European Union Anti-Tax Avoidance Directive.
21st May 2019
On the 15th of May 2019 the Cyprus Minister of Foreign Affairs Mr Nicos Christodoulides and the First Deputy Prime Minister and Minister of Finance of Kazakhstan Mr. Alikhan Smailov has signed the new Double Taxation and the Prevention of Fiscal Evasion treaty between the respective countries.
24th April 2019
The Cyprus Investment Programme has been redesigned by the Cyprus Government in order to continue to attract high net worth individuals to settle and do business in Cyprus. The Key Changes will be applicable from the 15th of May 2019 and include the following:
24th April 2019
Cyprus has introduced the General Healthcare System (GHS) that will cover its entire population. The GHS is a modern, patient-centric healthcare system with the aim of delivering equal and quality healthcare services to beneficiaries.
14th March 2019
The Cyprus flag has had unprecedented success in the last few years, rising to a position of prominence in world shipping.
Shipping is dominant in Cyprus due to the country’s excellent geographical position, the significant number of bilateral treaties for the avoidance of double taxation concluded by Cyprus and the favourable taxation regime which has been maintained even after the accession to the European Union.
13th February 2019
Stelios Americanos & Co LLC, participated in WORLD SHIPPING LAW FORUM in Athens that has taken place on the 25th January 2019. The conference took place at N.J.V. Athens Plaza.
8th February 2019
BLOCKCHAIN AND DIGITAL CURRENCIES
DECENTRALIZED NICOSIA CHAPTER CONFERENCE
Stelios Americanos & Co LLC and Ch. P. Savvides & Associates LLC, being the consortium law firms of BL ADVISORY INTERNATIONAL, www.bla-international.com, participated at the Blockchain and Digital Currencies event, held at the University of Nicosia and organized by the Decentralized Nicosia Chapter on 23rd of January, 2019.
12th December 2018
The British Virgin Islands are rushing to pass by the end of December the new economic substance legislation to avoid the EU’s blacklist of tax haven jurisdictions.