Firm Profile > STELIOS AMERICANOS & CO LLC > Nicosia, Cyprus
STELIOS AMERICANOS & CO LLC Offices
12TH DEMOSTHENI SEVERI AVENUE
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STELIOS AMERICANOS & CO LLC > The Legal 500 Rankings
STELIOS AMERICANOS & CO LLC has a team that ‘is like a Swiss clock, where each part of the chain is in place and works’. It is best known for its M&A cross-border work and advice on significant foreign direct investments in Cyprus especially in real estate, tourism and energy. In addition it has extensive experience in restructuring and insolvency work, as well as acting as local counsel for notable international law firms. Names to note include Stelios Americanos who ‘is a skilled and experienced lawyer’ and the ‘very responsive’ Michalis Zambyrinis.
Stelios Americanos; Despina Americano; Soteris Costa; Olga Petrova; Michalis Zambyrinis; Xenia Kalogirou; Diamando Pitsillidou; Andreas Parpas; Len Judes; Thanos Fiakas; Antri Tasou
Other key lawyers:
‘Deep knowledge of Cyprus law. Advice to the point. Proactive approach to solving issues. Stelios Americanos, Soteris Costa and Michalis Zambyrinis. Very quick in responding‘.
‘This practice has a wealth of local and international knowledge and is flexible – it is simple to organise meetings and get quick answers to enquiries‘.
‘We are extremely satisfied with the services that are provided. The type of matters handled for us by the firm are corporate and commercial law matters, merger and acquisition projects and banking and financial legal services. It provides a wide range of high quality services‘.
‘Individual approach and high level of professionalism, “no delays” attitude, availability after working hours when needed. The team is very stable in respect of people, so you never have to explain the same thing to the new manager/advisor which is a usual problem with other firms‘.
‘It is strong in corporate law and litigation and responsive to client’s requests demonstrating an innovative approach to various complicated issues involving Cyprus and other jurisdictions‘.
‘Very tailored, individual approach. The team takes time to understand its clients. Every item, no matter how small, is communicated clearly by every member of the team and the team also makes sure that the client is aware of pending deadlines through regular communication and reminders‘.
‘Stelios Americanos to me is unique because here you can get a real one stop shop advice: corporate practice is very strong and takes into account a lot of cross-practices so you can be sure that nothing is missed. We deal with pretty complicated matters so we need to be sure that all the relevant details are taken into account. It has a strong team of specialists. I would like to underline the involvement of Stelios Americanos himself. Also, I would like to underline Juliana Kyriakides – she is also here to help and to find the best solution‘.
Baker & McKenzie
CSS Alpha Fund
Sharelink Financial Services
Athienitis Contractors Developers Public Ltd
Banking and finance Tier 3
STELIOS AMERICANOS & CO LLC advises on high-value, cross-border acquisition and project financing deals, alongside re-financings and real estate financings. Other strengths include syndicated and bilateral lending. Banking clients include local and international commercial and investment banks, with other clients including international finance organisations, investment funds, and corporate borrowers. Practice head Despina Americanou is known for her experience in debt restructuring matters. Stelios Americanos is another prominent member of the team.
Other key lawyers:
Stelios Americanos; Olga Petrova
‘Very experienced team with good quality and reasonable pricing. Deep knowledge of Russian/CIS specifics. Comprehensive legal briefings and alerts. Despina Americanou is very responsive and always can help. Russian speaking Olga Petrova helps to make communication easier‘.
‘The team is always very approachable and responsive. The lawyers are knowledgeable and provide clear advice on legal points. We work mainly with Despina Americanou and Olga Petrova. They are always fully engaged in matters and available for queries‘.
‘The team is very practical and to the point. Easy do deal with. Stelios has a very commercial and practical approach and always offers a solution and fresh perspective. Despina Americanou is very service oriented‘.
NICOSIA MALL HOLDINGS (NMH) LTD
CREDIT EUROPE (RUSSIA) LTD.
VTB BANK (JSC)
BANK OF CYPRUS
ALFA BANK UKRAINE
AK BARS BANK PJSC
HINES INTERNATIONAL FUND MANAGEMENT COMPANY S.A.RL
Dispute resolution Tier 3
STELIOS AMERICANOS & CO LLC handles a vast array of corporate and commercial litigation for major local and international clients and frequently advises banking institutions and asset management companies on sizeable cases against debtors. The team also garners praise for its experience in other areas such as pre-emptive remedies, fraud and asset tracing cases and the recognition and enforcement of foreign judgments and arbitral awards. Key members of the excellent team are Stelios Americanos, Soteris Costa and Akis Koumas.
Stelios Americanos; Soteris Costa; Akis Koumas
Other key lawyers:
‘Stelios Americanos & Co LLC is a practice that can handle all kinds of cases, from a plain road traffic accident to complex medical negligence cases. I am impressed by the firm’s strong work ethic, dedication and trustworthiness. Soteris Costa and Akis Koumas always deliver concise and practical advice even in complex areas of law. They have always been accessible and responsive to any request, even to very urgent ones’.
‘Stelios Americanos, Soteris Costa, Chrysanthi Epifaniou. Very quick in responding‘.
‘Stelios Americanos himself makes the difference in this medium sized legal boutique. Highly recommended! Most important aspect of cooperation is readiness & openness to discuss and address the issues. Openness and courage in the face of a formidable adversary‘.
‘The practice is very customer-oriented, lawyers are ready to give you their support 24/7 which is rare in Cyprus. They are very friendly and cooperative, especially when explaining peculiarities of complicated procedural law provisions‘.
‘The creativity of Stelios Americanos and realistic/down-to-earth attitude of Soteris Costa makes a very good combination‘.
Bank of Cyprus
Alfa Bank Ukraine
Arricano Real Estate PLC
Nibro Capital Management
Eraclis Fiduciary Limited
Real estate and construction Tier 3
STELIOS AMERICANOS & CO LLC is skilled at handling cross-border transactions and has a multi-disciplinary focus on such deals. It frequently advises on property acquisitions, construction agreements and assists with all aspects of land registry procedures. Key members of the team are Stelios Americanos; Andreas Parpas and Thanos Fiakas. Michalis Zambyrinis is also recommended.
Stelios Americanos; Thanos Fiakas; Michalis Zambyrinis; Andreas Parpas
‘Availability and efforts made to keep in touch. Stelios Americanos – takes a keen interest in the engagement‘.
‘Mr. Americanos has a unique individual approach participating on behalf of the client in complicated deals and giving the best solutions for a successful completion. Andreas Parpas is a very effective and productive member of the Americanos’ office team‘.
‘The firm has a great knowledge of the real estate and construction industry in Cyprus and has the ability to offer expert legal advice on the matter. The team has the ability to consider all angles of any deal in the industry ensuring that contracts are drafted to cover all eventualities safeguarding the clients in a fair and well balanced manner. Integrity efficiency and ability to meet deadlines coupled with excellent knowledge of the industry‘.
‘The team makes everything necessary to provide assistance in a timely manner, especially in cases when the time is of the essence. The lawyers are professionals. The team seems to have great experience in the sphere, that makes all communications fast and efficient. Each of the team members engaged in the process was aware of the most important points requiring additional attention and rigorous review. It was a great pleasure to work with Mr. Stelios Americanos due to his attention to even minor details and deep involvement in the process‘.
Sharelink Financial Services (SFS Group)
Athienitis Contractors Developers Public Ltd
H&M Group (Cyprus)
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 and 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.
Innovation and blockchain: Regulatory and legal compliance of blockchain companies concerning licensing, GDPR, structure, jurisdiction, criminal litigation and digital asset investigation.
|Corporate, commercial and M&A||Stelios Americanos|
|Corporate, commercial and M&A||Soteris Costa|
|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||Akis Koumas|
|Litigation and arbitration||Chrysanthi Epifaniou|
|Litigation and arbitration||Andreas Parpas|
|Corporate management and fiduciary services||Juliana Kyriakides|
|Financial services||Len Judes|
|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|
|Public procurement/administration||Stelios Americanos|
|Capital markets, IPOs and securities||Despina Americanou|
|Capital markets, IPOs and securities||Michalis Zambyrinis|
|Intellectual Property||Despina Americanou|
|Financial and Investment Regulatory Compliance||Charis Savvides|
|Restructuring, Receivership and Liquidation||Charis Savvides|
|Innovation and Blockchain||Charis Savvides|
|Accounting and Taxation||Andreas Michaelides|
|Innovation and Blockchain||Menelaos Kesisoglou|
|Banking and Finance||George Andreou|
|Mr Stelios Americanos||Managing Partner in charge of the Corporate and Commercial department, heads a…||View Profile|
|Ms Despina Americanou||Partner||View Profile|
|Mr Soteris Costa||Partner||View Profile|
|Ms Chrysanthi Epifaniou||Associate Lawyer||View Profile|
|Mr Thanos Fiakas||Advocate / Lawyer||View Profile|
|Ms Xenia Kalogirou||Lawyer||View Profile|
|Mr Menelaos Kesisoglou||Lawyer||View Profile|
|Mr Morfakis Koumas||Mr Koumas is a qualified lawyer with a considerable experience in litigation…||View Profile|
|Mrs Helen Minti||Lawyer||View Profile|
|Mr Andreas Parpas||Advocate||View Profile|
|Ms Suzana Pavlidou||Lawyer||View Profile|
|Ms Olga Petrova||Olga has experience in both Russian and Cyprus corporate and banking law.…||View Profile|
|Mrs Diamando Pitsillidou||Lawyer||View Profile|
|Dr Charis Savvides||Partner, Lawyer, Lecturer||View Profile|
|Ms Antri Tasou||Lawyer||View Profile|
|Mr Michalis Zambyrinis||Advocate-Lawyer||View Profile|
Staff FiguresNumber of lawyers : 24 at this office : 20
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
Stelios Americanos, Managing PartnerStelios Americanos introduces the legal industry landscape in Cyprus and the management of the clients’ needs.
What do you see as the main points that differentiate Stelios Americanos & Co LLC from your competitors?
Our Law Firm as a team has showed increased level of soft skills, apart from legal skills, for which we receive heartwarming feedback from our clients. Empathy, Honesty, Responsiveness, and business-oriented thinking are the main points that are being highlighted by our clients and other colleagues with whom we cooperate.
Which practices do you see growing in the next 12 months? What are the drivers behind that?
Following the crises that took place the recent months (pandemic, crises in Belarus, Israel, Palestine, Brexit, etc), people’s focus has shifted to subjects, countries and industries with more stability while others have seen opportunities to expand their businesses to more socially, financially, medically developed countries. Furthermore, established businesses have also been asking a lot about green energy, tokenization of real estate, lending through blockchain and mining. Taking those factors in consideration, our departments that we expect to see growing are Corporate & Commercial, and Blockchain & Innovation
What’s the main change you’ve made in the firm that will benefit clients?
During work from home and restrictions period our main concern was to not lose touch with our team, colleagues, and clients. For this reason, we quickly deployed a series of internal and external webinars, and discussions regarding different legal aspects that our law firm focuses on. Moreover, we dramatically increased our social presence with legal developments and newsletters that focused on informing the public about trending issues analyzed from a legal perspective.
Is technology changing the way you interact with your clients, and the services you can provide them?
The technology is changing the way we do everything, and we grasp every opportunity to automate and make our service provision and internal operations more efficient. It is without doubt that the pandemic boosted the adaption of technology to non-tech clients as well, regarding communication, meetings, online reviewing, signing of documents, sharing of data and consulting. We are now in the process of creating a moodle-like environment for our clients which will give access to their court folder through a unique code and which further include the arrangements with the lawyer, a memo, info of the lawyer, place of the data, and we will add features according to the needs.
Can you give us a practical example of how you have helped a client to add value to their business?
It is in our culture to promote interdependence. To help our clients and make promote synergies between our clients if we see common ground of cooperation or reciprocal fulfilment of needs with breaking potentials while always taking in consideration the legal secrecy and information sensitivity. It is something that our clients want and that our clients are benefited from, which results in successful merges, acquisitions, funding of start-up companies and settling disputes.
Are clients looking for stability and strategic direction from their law firms – where do you see the firm in three years’ time?
Clients nowadays look far more that just a legal advice. They are looking for a business consultant as well, with a slight knowledge on tax matters, on corporate matters, on litigation matters and on wealth management matters. When a client comes to us, we act as a mentor whose success is determined by the success of the client. Of course, no one can know it all, that’s why we continuously expand our team increasing and adding diverse expertise in our team portfolio to better safeguard and promote the interests of our clients. Our short-term goals for the Law Firm are to minimize the carbon footprint, increase the workflow efficiency through technology, and maximize our clients’ and employees’ satisfaction and well-being.
Press Releases9th September 2021 Our Partner Dr. Charis Savvides delivered and intense seminar at Global Training (Cyprus), on Tuesday, 07 September 2021, at 09:00am. The seminar presented the current and under development regulatory framework on digital assets, addressing the key legislations and regulations which affect or be affected by the disruptive nature of crypto-transactions. You can view the presentation on the firm’s website link attached bellow.
7th May 2021 Chloe Americanos and Arianna Mouskou, of Stelios Americanos & Co LLC delivered a Webinar regarding Start-up companies, their formation, development, growth and the challenges that aspiring entrepreneurs are facing during their entrance to the start-up world.
7th May 2021 Coinfirm, the industry-leading RegTech provider and Stelios Americanos & Co. LLC, a highly innovative Cypriot law firm, today announce their joint cooperation.
Cloud-based IT management company Apptio has acquired enterprise agile planning start-up Targetproce7th May 2021 Stelios Americanos & Co LLC has joined Dentons New York in assisting Zubr Capital and the European Bank for Reconstruction and Development (EBRD) in a multimillion transaction in relation with their exit from the investment in Enterprise Agile Planning company Targetprocess, following its purchase by Apptio, a leading provider of technology business management solutions.
7th May 2021 Pursuant to the provisions of Regulation 6(2) of the Aliens and Immigration Regulations, the Minister of Interior has decided to revise the current permanent residency programme (the “Programme”) to include additional investment criteria other than investment in real estate with the purpose of attracting foreign investors and their families to invest in Cyprus.
1st March 2021 Coinfirm, the industry-leading RegTech provider and Stelios Americanos & Co. LLC, a highly innovative Cypriot law firm, today announce their joint cooperation. - 23rd February, London, UK / Nicosia, Cyprus.
28th January 2021 It is our great pleasure to announce that our partner Dr Charis Savvides has been invited to join the Expert Panel of the European Blockchain Observatory and Forum.
28th January 2021 Thanos Fiakas and Andreas Parpas, lawyers of Stelios Americanos & Co LLC delivered a webinar on the acquisition of real estate in Cyprus.
5th 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 Developments7th May 2021 The film industry constitutes a complex and ever-flourishing sector in the global economy. The industry’s operation occupies multifaceted stages, engages a selection of distinct stakeholders and experts and presents plenty opportunities for all parties who choose to get involved. Committed to boosting this highly promising sector, the government of the Republic of Cyprus introduced a package of incentives, encouraging international producers to choose Cyprus as their next film destination.
7th May 2021 Asset tokenization constitutes a relatively new process. Yet, it has been receiving increasing levels of attention across several jurisdictions, with positive indications as to its ability to revolutionize the way different assets are held, traded and used.
7th May 2021 Following the 2007-2009 global financial crisis, the financial services sector has been subjected to a process of intense regulatory overhauling, leading to many of the complex laws that are applicable today in relation to funds, banks, investment and insurance firms. In the context of this legal and regulatory reshaping, new entrants have made their appearance, including Financial Technology (FinTech) and Regulatory Technology (RegTech) firms.
7th May 2021 This note seeks to provide an overview of some of the key recent developments in the area of competition law with regards to the challenges brought about by the Covid-19 pandemic (“the pandemic”) and the disruption induced by digitalization and online marketplaces.
3rd February 2021 The Cyprus Investment Program seemed problematic from the beginning and even the amendments could not save and protect the abuse of the Program. The Cyprus Government decided to terminate the Program with final submission date the 30th of October 2020 after amending the Law regulating the Citizenship by Investment Program. The new policy of the Government let to many rejections of new applications and initiated many revocation procedure for investors who had already received the Cypriot passport.
3rd February 2021 Globally, it has been highlighted the importance and the need for extended transparency, in business and corporate entities, to combat money laundering, terrorist financing and more generally, the abuse of the financial systems by criminals.
27th 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.