P. N. Kourtellos & Associates LLC > Limassol, Cyprus > Firm Profile

P. N. Kourtellos & Associates LLC > Firm Profile

The firm: P. N. Kourtellos & Associates LLC is an independent and dynamic law firm, one of the new generation Cypriot firms who are breaking ground and rethinking the practice and substance of law. Founded by Dr Pavlos Neofytou Kourtellos and Ioanna Demetriou in 2011, primarily as a multi-service commercial law firm based in Limassol, the firm has rapidly grown in size, encompassing associates in various business areas and expanding its practice to all business and commercial areas of law.

It is dedicated to providing clients with outstanding, highly personalised legal representation. During 2014, the firm became a full member of Pangea Net, an international network of independent law firms founded in 2009 and now consisting of 26 members from jurisdictions all over the world. Joining Pangea Net signifies the firm’s commitment to provide outstanding legal services and serve each client’s international needs.

Its lawyers have a sophisticated understanding of business and corporate law and the implications of commercial and business litigation. It provides legal advice, counsel and aggressive litigation services to individuals and corporations. The firm prides itself on speaking through actions not words and it is highly regarded for its innovative actions in court and precedents achieved in corporate disputes, fraud and breach of privacy cases.

Recent years have seen the firm securing precedent-setting victories in the areas of disclosure of information and confidentiality, the tracing of assets, arbitration law and insolvency proceedings. Advising and acting for the state competent supervisory authorities the firm formulates the law and sets court precedents relating to banks’ resolution regime and banking insolvency. The firm also has significant experience in cross-border transactions and in international commercial arbitration, working with highly respected international law firms.

Areas of practice
Litigation and arbitration: the firm represents clients in the District Court and the Supreme Court of Cyprus and its lawyers have worked on multinational projects simultaneously involving court litigations and international commercial arbitrations covering issues of anti-hostile takeover defence, insolvency, asset tracing and serious civil fraud and conspiracy disputes. The firm regularly participates and offers assistance, representation and advice in domestic and international arbitration and mediation for individual and corporate clients at all stages of the arbitration process.

General corporate and commercial: the firm’s corporate practice group works closely with tax advisors to deliver its clients cost-balanced and tax-efficient corporate solutions. It is engaged in the full range of counselling buy-side and sell-side clients in public and private M&A transactions, including: asset acquisitions, equity purchases and sales, mergers and consolidations, recapitalisations and reorganisations, tender offers, cross-border transactions and joint ventures.

Banking and finance: the firm has handled a significant volume of high-value and high-profile international transactions related to acquisition and project finance, refinancing, real estate financing, syndicated and bilateral lending, acting as Cyprus law counsel for both lenders and borrowers.

Trusts and asset protection: the firm advises on the creation and administration of trusts in Cyprus. In this area, its clients include individuals wishing to set up trusts, beneficiaries and trustees. Its services include advising on the choice of trustees/protectors, the tax position of trusts and the exercise of trust powers and indemnities, review, analysis and development of estate plans for high-net-worth individuals, and the preparation of documents necessary to implement such plans.

Corporate fiduciary services: the firm, through its corporate services arm, Koupercon Fiduciaries Ltd, provides clients with a broad spectrum of corporate services. Its general corporate practice includes advising businesses in all phases of development, from startups to well-established companies. The firm provides advice to new enterprises regarding the advantages and disadvantages of different business forms on all legal aspects of their operation.

Focus On

The Legal Landscape in Cyprus Today: Insights and Innovations from P. N. Kourtellos & Associates LLC

P. N. Kourtellos & Associates LLC is driven by a sincere commitment to delivering distinguished legal services to our clients in Cyprus and internationally. Our approach combines a deep respect for the traditions of the legal profession with a forward-looking perspective on legal challenges, allowing us to guide those we represent with integrity and strategic foresight.

In the heart of the Mediterranean, Cyprus serves as a strategic beacon for international trade and investment due to its prime geographic location and favourable tax regime. The country has become one of the most attractive destinations in the EU for businesses looking to expand their reach into European, Middle Eastern and African markets. At P. N. Kourtellos & Associates LLC, we harness these strategic advantages, providing comprehensive legal support to facilitate business establishment and growth in Cyprus and beyond.

Our expertise spans cross-border transactions, international tax planning and corporate structuring, enabling tailored solutions that maximise our clients’ operational efficiency and tax benefits. From helping businesses establish a Cyprus International Trust to restructuring companies’ operations in Cyprus and enhancing their market access to the EU and Middle East, we ensure our clients’ sustainable growth and success in the global market.

The entrepreneurial ecosystem in Cyprus is bustling with potential, though not without its legal challenges. This is where our law practice steps in to provide innovative legal solutions specifically designed for all types of emerging companies. We ensure businesses start on a solid legal footing, from entity formation to navigating EU regulations, and we play a pivotal role in corporate restructuring and dispute resolution, aiming to foster growth, ensure compliance and mitigate risks.

Our services include the formation of legal entities, corporate restructuring, insolvency and liquidation matters, anti-takeover defence strategies and corporate dispute resolution, and structuring of family business and wealth. Besides these, P. N. Kourtellos & Associates LLC showcases a solid track record of successfully managing high-stakes cases. For instance, our team recently represented a multinational corporation in a complex commercial fraud case involving over €50 million in disputed assets. Through meticulous investigation and strategic litigation, we secured a favourable outcome for our client.

In the corporate restructuring field, we have assisted many local hospitality businesses in transforming their operations to meet the challenges of the digital age. Through comprehensive legal restructuring, we safeguard Cyprus businesses’ legacy assets and streamline their operations for enhanced competitiveness in their market.

Our dispute resolution services have equally been instrumental, as recently seen in our mediation of a partnership dispute within a fintech company. We resolved the conflict without resorting to litigation, thereby preserving the company’s focus on innovation and market expansion. Similarly, in the area of bankruptcy law, we adeptly navigated a high-profile insolvency case for a leading retail chain, employing innovative legal strategies that allowed for the restructuring and recovery of the business, thus preserving hundreds of jobs and ensuring continuity of operations.

In the digital realm, the firm addresses the ever-growing importance of cybersecurity and data protection. With the increasing volume of data breaches and cyber threats, businesses are under significant pressure to safeguard their operations and ensure compliance with stringent regulations like the General Data Protection Regulation (GDPR). P. N. Kourtellos & Associates LLC recognises these challenges and provides expert guidance to help clients navigate the complexities of data protection laws.

Our firm specialises in developing comprehensive compliance strategies that meet regulatory requirements and fortify our clients’ cybersecurity defences. For example, we recently advised a burgeoning e-commerce platform on implementing GDPR-compliant data processing and storage practices. This involved a thorough audit of their data handling procedures, followed by the development of a tailored data protection framework that minimised the risk of breaches while ensuring operational efficiency. Additionally, we showcased a proactive approach to cybersecurity when we assisted a financial services firm in responding to a cyber-attack. By swiftly implementing containment measures and leveraging our understanding of data protection laws, we were able to mitigate the impact of the attack and guide the client through the subsequent regulatory reporting process.

In the real estate sector, P. N. Kourtellos & Associates LLC offers an extensive array of services, including transactional work, consultancy and litigation for retail, industrial and residential developments, home building and other types of property ventures. Our lawyers possess in-depth knowledge of the market and regulatory environment, ensuring that our clients receive strategic advice on developments, commercial ventures and investment opportunities. For instance, we recently advised a developer on the acquisition and development of a multi-use complex in Limassol, navigating through the complexities of regulatory compliance, financing and contract negotiations to ensure a successful project launch.

Our firm’s litigation experience in real estate is equally robust, with a proven track record of resolving disputes related to zoning, land use and title issues. A notable case we recently handled involved representing a property development company in a dispute over zoning regulations that threatened to derail a significant residential project. Our team’s strategic litigation approach resulted in a favourable ruling that allowed the project to proceed and established a precedent for future development in the area. From strategic planning and transactional support to effective dispute resolution, we ensure our clients’ interests are protected and their ventures are successful.

Intellectual property protection is another important area of P. N. Kourtellos & Associates’ practice. Our team adopts a comprehensive approach to intellectual property (IP) protection, recognising its pivotal role in fostering innovation and securing the competitive edge of businesses. The firm provides comprehensive services covering both contentious and non-contentious matters, ensuring that our clients’ IP assets are robustly protected and efficiently managed. Among others, the firm assists clients with the registration of trademarks with the Registrar of Companies in Cyprus, the European Union Intellectual Property Office and the World Intellectual Property Organization. From the registration of trademarks, patents and copyrights to negotiating licensing agreements and overseeing franchising deals, our expertise spans the full spectrum of IP law.

At P. N. Kourtellos & Associates LLC, our comprehensive approach across various legal disciplines, combined with a forward-thinking strategy, ensures we not only address today’s challenges but also anticipate the demands of the future. As strategic partners to our clients, we are committed to navigating the complexities of the legal landscape together, armed with the expertise and adaptability to thrive in an ever-evolving world. Our firm stands ready to lead with integrity and precision, ensuring our clients’ interests are safeguarded and their ambitions realised, today and into the future.

Spotlights

P. N. Kourtellos & Associates LLC

The firm: P. N. Kourtellos & Associates LLC is an independent and dynamic law firm in Limassol, founded by Dr Pavlos Neofytou Kourtellos and Ioanna Demetriou in 2011.

The firm has evolved from a multi-service commercial law practice to a prestigious full-service law company in Cyprus. Through its affiliated entity, KOURTELAW Ltd, the firm covers all areas of business and commercial law, featuring a team of experienced and competent associates who ensure expert advice and representation across a wide range of legal disciplines.

In the legal landscape of Cyprus, P. N. Kourtellos & Associates LLC is renowned for providing deep and highly personalised counsel and aggressive litigation services to individuals and corporations, representing them in the District Court and the Supreme Court of Cyprus when needed. The firm prides itself on speaking through actions, not words (“Deeds not Words”) and it is highly regarded for its innovative actions in court and precedents achieved in corporate disputes, fraud and breach of privacy cases.

 

In recent years, P. N. Kourtellos & Associates LLC has achieved precedent-setting victories in the areas of information and confidentiality disclosure, asset tracing, arbitration law and insolvency proceedings. Advising and acting for the state competent supervisory authorities, the firm formulates the law and sets court precedents relating to banks’ resolution regime and banking insolvency. The firm also holds significant experience in cross-border transactions and international commercial arbitration, working with highly respected international law firms.

Areas of practice

Litigation and Arbitration: The firm represents clients across the District Court and the Supreme Court of Cyprus. Their legal team works on multinational projects managing complex international disputes, including anti-hostile takeover defence, insolvency cases, asset tracing, serious civil fraud and conspiracy allegations. With a strong emphasis on both domestic and international arbitration and mediation, the firm offers comprehensive legal support and advice to individual and corporate clients, navigating all phases of the arbitration process.

General Corporate and Commercial: The firm’s corporate practice team collaborates with tax advisors to deliver cost-balanced and tax-optimised corporate solutions to clients. They advise buyers and sellers in various public and private M&A transactions, including asset acquisitions, equity deals, mergers, consolidations, recapitalisations, reorganisations, tender offers, cross-border dealings and joint ventures. The firm’s approach guarantees clients achieve their business goals while maximising tax efficiency.

Banking and Finance: The firm has handled many high-profile international transactions related to acquisition finance, project finance, refinancing, real estate financing, and syndicated and bilateral lending. Acting as Cyprus law counsel for both lenders and borrowers, the team supports their clients through intricate financial landscapes, ensuring smooth and successful financial operations.

Trusts and Asset Protection: The firm provides tailored advice on establishing and managing trusts in Cyprus. Catering to a diverse clientele, including individuals setting up trusts, beneficiaries and trustees, their specialised legal team offers guidance on selecting trustees, understanding trust tax implications and executing trust powers and indemnities. They also review, analyse and develop comprehensive estate plans for high-net-worth individuals.