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1 ARCH. KYPRIANOU & AYIOU ANDREOU CORNER, LOUCAIDES BUILDING, 6TH FLOOR, 3036 LIMASSOL, CYPRUS
Tel:
Work +357 25 37 01 01
Email:
Web:
www.erotocritou.com

Instructed to prepare and promoted the highly contested and largest-ever in the country $700million debt restructuring while simultaneously defending 14 high-value court cases brought by opposing creditors, the majority of which entailed opposing high value injunctions and setting-aside a receivership order.

Instructed to oppose the recognition and enforcement of an arbitral award in Cyprus, issued by the LCIA in London, in relation to a global dispute between a Russian energy company and a German utility provider, in relation to an investment the value of which exceeds $1.4billion. The case was described by the Financial Times, as “the biggest oligarch legal battle in the US”.

The firm has been the selected tenderer (together with its partners) by the Government of Cyprus, Ministry of Finance in relation to an extensive due diligence exercise on OPAP (Cyprus) Ltd (part of OPAP Group, a listed company in the Athens Stock Exchange) in order to assess the suitability of the license to be granted to the latter for the provision of certain gaming services in Cyprus. The tender (and due diligence exercise in general) is considered as one of the largest and most extensive ones to have been ever entrusted by the government for a single entity.

Our firm was instructed by a leading international group to advise, handle and implement the construction of a large residential seaside tower in Cyprus.

Acted for Radisson in relation to the franchise/establishment of Radisson Blu Hotel in Cyprus.

Advised an ultra-high-net-worth individual in the restructuring of the entire wealth of his family, with assets worth over €80million.

Instructed and advised a company listed in the Athens Stock Exchange in relation to the acquisition of a multi-million worth asset from the seller, a company listed in the AIM Market of the LSE.

Instructed to act in the $840million dispute over the privatisation of a large Ukrainian telecom provider, which involved parallel proceedings in London, Cyprus and Ukraine.

Offered advice in relation to the assignment/transfer of various plots - in the first place, and subsequent sub-lease of the same to Halliburton prior to the development and construction of various offices, warehouses/workshops to be used by Halliburton for energy related purposes. The deal, which received massive publicity locally and internationally, was one of the first ever developments in the energy sector in Cyprus and opened the doors for further investments in the country’s energy sector.

Instructed by a Russian bank to file proceedings in Cyprus in relation to guarantee agreements, securing obligations for loan exceeding RUB 4 billion and handle the international coordination of the litigation.

Instructed by a leading international firm and undertook an extensive due diligence on various entities with assets of significant value, part of a large corporation which has its shares listed in the London Stock Exchange.

Currently advising an ultra-high-net-worth individual in relation to the establishment of a 5* hotel in Cyprus and the construction of a luxurious residential tower and villas.

Acted for the lenders on the refinancing of a $600million secured facility to one of the largest agricultural companies of Eastern Europe. 

Advised a leading European Bank in relation to the finance and regulatory related issues in connection with the financing of a prominent CIS Group.

Advised a leading international bank on its credit facility exceeding $85million to a local entity, a joint venture between two large corporation, which involved, inter alia, an extensive security package under both Cyprus, English and Russian law.

Instructed by an international bank to advise on the rights stemming from the enforcement of a pledge over the shares in a multinational group, which eventually lead to the sell-off of the assets of the Group, exceeding $300million.

We acted for one of the leading global diversified metals resource companies in relation to a complex corporate transaction comprising various jurisdictions.

We acted in the dispute between the owners of one of the largest oil refineries globally; a number of injunctions were issued by the District Court of Nicosia in aid of ongoing arbitration proceedings and the firm, had been instructed to oppose the injunctions (matter in value exceeded $200million). Following an inter-partes Court hearing, the injunctions were subsequently, successfully cancelled. 

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