A.G Erotocritou LLC > Limassol, Cyprus > Firm Profile

A.G Erotocritou LLC

Cyprus > Real estate and construction Tier 1

A.G Erotocritou LLC's ‘professional and responsive’ team has significant expertise in highly complex real estate mandates, including those relating to the construction of skyscrapers. It also excels in handling large-scale projects such as the construction of five star hotels and industrial parks. Elsewhere, the group advises very wealthy individuals from around the world on major commercial property transactions. The roster of clients includes foreign conglomerates, international law firms, high-net-worth individuals and banking institutions. The firm is also recommended for its work on high-value property disputes. The head of the department is Alexis Erotocritou, who receives a lot of praise from clients for his ‘efficiency’. Georgia Demou is also recommended.

Practice head(s):

Other key lawyers:


‘A firm with high business awareness and an extensive, high-profile client portfolio. Great knowledge of  Cyprus and international law. In depth knowledge of the real estate market in Cyprus. Efficient, professional and personal service. Cooperation with partner Alexis Erotocritou is always direct and efficient. Alexis focuses on the heart of the matter and produces accurate and prompt results. His smart and out of the box business approach is what makes him stand out from competitors.’

‘AG Erotocritou is a unique legal consulting firm. Very easy to work with, fully grasps the issues that are needed to deal with these issues. Collaboration is very fruitful and billing always clear. Alexis Erotocritou, is a very extroverted person, with deep knowledge of the legal system. Very collaborative and positive to work with.’

‘Great all round service done by a team of professionals. Alexis and Georgia were very knowledgeable about the subject and extremely helpful.’

‘Very capable team fulfilling all clients’ needs. Very punctual with deadlines and ready made solutions in all aspects. The team is very passionate, loyal, has high commercial awareness and deep knowledge of law and practical. Very efficient and responsive.’

‘Big passion, perfectionists, continuous learning of new laws make them the best in the industry. Mr Alexis Erotocritou outperformed my expectations which were quite high. I would highly recommend the services to anyone.’

‘We are extremely satisfied with the team and the firm. Very reliable, professional and ethical. They are flexible in terms of their cooperation and is a truly motivated dynamic team wishing and aiming for the best for the clients. We would highly recommend them to any client.

‘The quality of the team is exceptional. I have worked a number of times with the firm and I have been really impressed by their professionalism and knowledge of the subject. Very professional individuals.’

‘The firm is exceptionally good for Cyprus. They have all those characteristics you find in an international law firm. Prompt, deep knowledge and professionalism. They are innovative and they are there when you need them. They can be reached anytime any day, and any member of the team.’

Key clients


RPT Group

Pandomus Group

Anastassiades Group


Globe Visa

Alter Domus


Grecian Group (Hotels)



Work highlights

  • Advising an UHNWI client on the set up and establishment of a 5 star hotel in Cyprus.
  • Acting for a HNWI from Asia on the process of setting up the first industrial park in Cyprus.
  • Instructed by a leading immigration company and key investors from Asia in relation to their proposed investment in the largest hospital/medical centre to be constructed in Cyprus. The hospital will be a satellite medical centre of a well-known international hospital which will encompass lecture theatres, apartments, spa, cafes and restaurants.

Cyprus > Dispute resolution Tier 2

A.G Erotocritou LLC is ‘outstanding- it provides a service that can only be found in the elite and top firms’. Praised also for its ability to find ‘tailor made solutions’, the team regularly handles a multitude of complex and high-value corporate and commercial disputes, including those involving worldwide injunctive relief orders. It has become the ‘go to’ counsel for a number of major international firms and is often hired by local and international banks to assist with asset-tracing and recovery matters. The practice is led by ‘first-class lawyer‘ Andreas Erotocritou, who has frequently acted as an expert in international disputes and has opined on matters of Cyprus law in international arbitrations and court proceedings in foreign courts.

Practice head(s):


‘Prompt response to requests for service, thorough knowledge of laws and court procedures, advance provision of written submissions for review and comment by clients, open to acceptance of and incorporation of clients comments in the submission if correct and relevant. Fee charges reasonable and competitive with other law firms. Up to date digital innovations applied.

‘Andreas Erotocritou is available 24/7. Also Antreas Koualis takes matters personally until resolution.’

‘A.G. Erotocritou LLC provides legal services of outstanding quality. With a primary focus on cross-border commercial litigation, banking and finance, restructuring and insolvency, real estate, data protection and shipping the firm offers legal representation and provides efficient, practical legal advice of the highest international standards, tailored to meet the clients’ specific needs. A team of young, highly motivated qualified professionals demonstrates excellent communication and interpersonal skills and offer high-level legal advice.

Andreas Erotocritou is one of the best lawyers I have ever worked with.  Working with Erotocritou is similar to working with a London firm… but in Limassol.’

‘Andreas Erotocritou. He is really the driving force for the firm’s dispute resolution practice. Andreas is extremely hardworking: I personally saw him packing a litigation bag of case bundles for the weekend!’

‘AG Erotocritou is probably the most reliable team and extremely prompt in dealing with all of our issues. They won a very complex IP case and also all litigation cases they handled for us. The team has huge depth and knowledge of corporate and commercial disputes and they are very experienced in these kinds of cases. The team is well known for interim orders and has a reputation as a market leader in such matters. They have a specialised team. Their billing is acceptable and at normal rates.’

‘Andreas Erotocritou is a true leader and one of the best lawyers we have ever worked with. He guides the team and inspires young lawyers. He has managed for our group to win some very difficult and complex cases and his responsiveness, innovative skills, persuasive charisma and high ethics, render him our preferred counsel. We were impressed also by Antreas Koualis, Irena Markitani and Elina Nicolaidou, all of whom have been of great help to our group.’

‘They are always available and always trying to find the best solutions. Creative, knowledgeable, responsive, commercial lawyers who focus on providing solutions to difficult issues. The best in Cyprus. Andreas Erotocritou is an exceptional lawyer who is ably assisted by Antreas Koualis and Ioanna Michael.’

Key clients

Primetel PLC (Cyprus)

Nostira Renewable Energy (Mediterranean Region)

KPMG (Cyprus)

Fluence Corporation (Israel)

OilTank Engineering & Consulting Ltd

Alter Domus

Quantum Pacific Group (Global)

RCB (Cyprus)


Maximos Group

Work highlights

  • Acting in a high value complex dispute exceeding $260m between a leading bank in Russia and its former owners – who were, up to 2017, listed as two of Russia’s richest men, according to Forbes – and their spouses, in a claim exceeding €260m filed in Cyprus, which was raised in parallel to the several proceedings and bankruptcy applications filed in Russia and England.
  • Acted for a venture capital investor in a shareholders’ dispute between the shareholders of the Cyprus holding company of a leading Russian operating company (one of the market leaders in its sector). Two sets of substantive proceedings were raised in Cyprus and injunctive relief was secured in that context. In November 2020, the Cyprus Court has appointed an Interim Receiver over the relevant group of companies, with a view to protecting the Group’s underlying assets in Russia. Following the defendant’s failure to comply with the receivership order, the firm has secured an ‘unless order’ which is a novel decision under Cyprus law. The case is considered landmark, as the Court has issued an ‘unless order’ prohibiting the defendants from defending the proceedings, unless they comply with the receivership order. The underlying assets exceed €50m.
  • Acted for the former spouse of an Azerbaijani-Russian billionaire, who is a leading name in the oil and gas sector, in the context of the largest biggest matrimonial dispute ever to be ruled in England, through the enforcement of the £450m maintenance award of the English Court in Cyprus by a Court-appointed receiver over a Cyprus holding company controlling valuable assets in Russia, with a view to enforcing an English judgment over those assets, through Cyprus. The high-profile dispute was eventually settled in July 2021, the matter has attracted wide press coverage.

Cyprus > Banking and finance Tier 3

The team at A.G Erotocritou LLC is praised for its ‘commercial awareness’ and its ‘responsiveness’. It is regularly instructed by several international law firms and other corporate clients on a wide range of high-value projects. Areas of expertise include advising on securitisations and derivatives transactions. Its ‘highly skilled individuals’ also frequently provide legal opinions on complex issues and also often acts as escrow agents on significant financial transactions. Alexis Erotocritou heads up the department, which represents large domestic and international corporates and banks on a wide range of banking and finance matters.

Practice head(s):


‘We worked with Alexis and Grigoris. Alexis is a true leader, with very deep knowledge of banking and transactional work. He impressed our UK colleagues in several deals. He is a deal maker. Grigoris is also a very good and professional lawyer with high ethics.’

‘Alexis Erotocritou was our main point of contact and I was incredibly happy with how he was able to come up with solutions to issues that seemed to be at a dead end. I think what makes him stand out from his competitors and peers is a tailored solution that truly suits his clients’ needs. I would definitely recommend working with Alexis to any that set up business in Cyprus.’

‘The team has broad experience, where each member contributes his knowledge and dedication in perfect synergy. Alexis Erotocritou delivers results that always exceed expectations, not only doing what should be done, but suggesting  a better approach and overall being proactive.’

‘Very knowledgeable and experienced people. Approachable 24 hours. I am impressed by the firm’s responsiveness, capabilities and commercial awareness.’

The firm is one of the best (if not the best) law firms we ever worked with and has all characteristics that you will find at an international law firm. The firm also handled several cases for our clients, some of whom were HNW.’

‘We worked on this area with  Alexis Erotocritou and Maria Papatheodoulou. Alexis Erotocritou and Maria are excellent lawyers with high commercial awareness. Alexis is very responsive and has managed to solve various issues during several transactions we were part of. Maria is a bright junior lawyer.’

‘Very prompt when undertaking a task. The level of quality and professionalism in their firm is outstanding.’

‘We mostly work with Alexis Erotocritou. His knowledge of banking and finance matters is exceptional and his commitment to the client’s needs and best interests is commendable. He conducts himself with the highest of ethical standards and has a transparent approach to everyone he works with.’

Key clients


Cyprus Shipping Association


RPT Group






Asian Pacific Bank

Unicredit Bank

Arab Bank






Work highlights

  • Advised the global leader in technology and innovation on various regulatory issues surrounding the importing and exporting of products, as well as on other commercial and regulatory/licensing and real estate issues.
  • Acting for one of the largest international banks on a refinancing of a multinational corporation, for a value exceeding €300m.
  • Assisted and advised the directors of a leading multibillion worth international company active in the pharmaceutical industry, in the context of a particularly complex and large-scale refinancing and restructuring process.

Cyprus > Commercial, corporate and M&A Tier 3

The ‘approachable and responsive’ team at A.G Erotocritou LLC is adept at handling large M&A, restructurings (with a focus on schemes of arrangements), regulatory matters and issues specific to investment firms and funds. The practice is led by Alexis Erotocritou, who ‘manages matters with care and attention.’

Practice head(s):

Other key lawyers:


‘The team is very organised and professional, with excellent client communication skills and is able to meet very high professional standards. The partners at A.G. Erotocritou LLC have a very direct approach and are able to give precise and clear advice to clients.’

‘The team is very experienced, punctual and reliable. Alexis Erotocritou, who leads the practice, can effectively tackle any problems/concern that might surface during transactions. He is a true expert.’

‘The team has brilliant knowledge and understanding of M&A work, using best practices and tailoring them to the client’s needs. Alexis Erotocritou has a deep understanding of business and is always there to suggest better solutions than you could think of.’

‘Despite the size of the firm, they often punch above their weight. They provide reliable, responsive and sound advice. Alexis Erotocritou is calm under pressure providing practical solutions to clients across the spectrum of commercial and corporate work.’

‘All team members and specially Alexis Erotocritou are very familiar with commercial and corporate matters and offer on-the-spot ready-made solutions. They simply stand out as they have always been punctual with deadlines and are always available to provide a solution or an answer to a question.’

‘Most of the team members are dual-qualified, which is extremely helpful. This combination makes the team unique and particularly strong and efficient. When structuring M&A deals and restructurings, they can do everything from a single source. You only need one advisor, whereas at other firms you would need two different advisors. The tax team and M&A team are clearly one of the leading firms in Cyprus. I am very impressed by the partner Alexis Erotocritou. In addition to having terrific technical knowledge, he has exceptional negotiating skills in tax proceedings and M&A matters. He is also well connected with the authorities. He is also very strong in tax structuring.’

‘Partner Alexis Erotocritou is my primary contact in the firm and the person I have worked with most of the time. His competence in commercial and corporate matters is top notch, with a focus on delivering high quality work combined with strict attention to detail. It is a pleasure to work with him, because of his firm commitment to results which are in the client’s interest, as well as his openness and high ethical standards.’

‘Great team led by Alexis. They offer high quality of service with low prices compared to their competitors. Alexis is an amazing person with very good communication skills, broad knowledge in corporate and M&A practice and has great attention to detail. Grigoris Sarlidis is a knowledgeable lawyer who goes the extra mile to deliver and to deliver on time.’

Key clients


Alter Domus




RPT Group





Anastassiades Group


Work highlights

  • Advised and assisted successfully a Cyprus investment firm on the entire set-up and operation of a regulated investment services firm in Cyprus, the first artificial intelligence services provider platform that sought to obtain a regulated license in Cyprus.
  • Advising and assisting an UHNWI in relation to the set up and establishment of a 5 star hotel in Cyprus.
  • Instructed to represent one of the largest banks in the Eastern part of the Russian Federation in the liquidation of VMHY Holdings Ltd.   The firm is acting for, advising and supporting the bank, in the highly contested liquidation process and the dispute over the appointment of a private liquidator. The liquidation of VMHY Holdings Ltd and the dispute over its assets is receiving wide coverage in the Russian press.

The firm: A.G. Erotocritou LLC is a dynamic law firm advising on non-contentious, advisory and litigation matters. The firm has firmly established itself as a “top tier” leading law firm in Cyprus, having cultivated an unrivaled reputation for excellence, with an impressive track record and an all-embracing legal service capability, underpinned by an acute sense of commercial awareness. The firm’s achievements have been duly recognised and endorsed by selected international legal directories such as Chambers and Partners, Legal500, IFLR, WhosWhoLegal and Client Choice / International Law Office. Among others, the firm has been recognised as “an exception in the Cyprus market where everyone does everything”, a firm which “is always there for the client” and has “all the professionalism you would expect from a large international firm”.

A.G. Erotocritou LLC offers specialist services, embracing diverse legal disciplines and practice areas, with regard to which all work is executed in a flawless and transparent manner. Unlike many of the firm’s larger-in-size counterparts in the legal domain, A.G. Erotocritou LLC adopts a refreshingly personalised approach and is geared to achieving effective co-ordination and planning. This in turn ensures timely turnaround/delivery times, cost-effective strategies, reliability and client accessibility – key factors which contribute and are crucial to the firm’s overall operational efficiency.

A.G. Erotocritou LLC strives to cultivate close working relationships with those to whom it renders legal or associated services, ranging from large international law practices, banking institutions, multinational corporations, non-profitable associations, private individuals, public/private companies, partnerships, sole proprietorship, joint ventures, clubs, trusts, funds and other industrial/commercial entities and business structures which constitute the firm’s varied and extensive client portfolio.

In alignment with the constantly developing international legal environment, we have intentionally developed our specialisation towards providing high-quality, comprehensive legal support to specific legal sectors with a strong focus on corporate and commercial litigation & arbitration, banking and finance, corporate and m&a, corporate restructuring and insolvency, shipping, real estate, data protection, tax planning and private client (including citizenship law and immigration) professional services.

In an effort to remain at all times conflict-free, maintain its specialisation and be able to act in complex commercial disputes and transactions, A.G. Erotocritou LLC does not act as a trustee company by way of provision of corporate administration or nominee services. This is in contrast with the vast majority of law firms that are active in the sectors of dispute resolution, corporate, and banking and finance. Moreover, the firm does not act for and on behalf of local banking institutions on fix retainer agreements, in order to ensure it remains conflict-free and so as to focus on purely legal work.
In order to be able to provide service of the highest qualitative standards, A.G. Erotocritou LLC does not “deal with every case”; hence, only a limited number of engagements are accepted, to ensure that the exclusive clientele of the firm enjoys responsiveness and service  consistent with leading international firms and the highest standards of the profession.

Over the recent years, A.G. Erotocritou LLC has been singled out and recognised by all leading directories, including Legal500, Chambers & Partners, IFLR and Who’sWhoLegal, for providing legal services of outstanding quality and for delivering efficient, practical legal advice.

Legal 500: The firm has been recognised for various consecutive years (in dispute resolution, real estate, corporate, commercial, banking and finance) as a leading firm in Cyprus and special praise was made to selected individuals within the firm.

Chambers & Partners: The firm has been recognised as a Tier 1 firm in Cyprus in HNW and a leading firm in dispute resolution and real estate. At the same time, individuals within the firm have also been recognised among the leading practitioners in Cyprus at the above-mentioned sectors.

IFLR: For many consecutive years, the corporate/commercial department of the firm has been recognised by IFLR as one of the 16 leading firms in Cyprus.

WhosWhoLegal: Our team members have been consistently recognised among the leading practitioners in Cyprus and, inter alia, in the sectors of litigation, banking, finance, real estate and asset tracing.

Client Choice/ ILO (International Law Office): We have been recognised as a leading firm in Cyprus and team members as leading litigators in the country.

The firm is proud to count some of the largest international law firms and banking institutions, high-net-worth individuals and various notable conglomerates around the world as its clients. On a domestic level, the firm also advises and regularly represents various banking institutions and corporations, public authorities as well as prominent non-profitable associations.

Business growth:
The firm has managed to launch itself strongly in the Cypriot market and through the reputation, expertise and the dedication of its members, it has been involved in a considerable number of cross-border transactions and cases of significant magnitude and scale. This is not only a testament to the calibre of our services and the hard work we put into every individual case, but also to the trust our clients place in us and the quality of our work.

The firm has rigorously implemented a business model similar to that of the most prominent U.S. and U.K. international law firms; hence, A.G. Erotocritou LLC has allocated significant resources in recruiting and maintaining talented lawyers in order to secure its ability to deliver the same level of services in the long-term. A structured multi-stage selection process is undertaken for all candidates, evaluating merit and ethos as key criteria for recruitment. All members of the A.G. Erotocritou LLC legal team are US or UK graduates, have outstanding academic credentials and possess exceptional research, communication, negotiation, organisational and interpersonal skills, which not only complement their in-depth knowledge of Cyprus law, but serve as indispensable resources in their ability to undertake complex international/cross-border legal issues.

Areas of practice:
Banking and finance: the firm has consistently maintained an impressive track record in dealing with high-profile transactional, regulatory and dispute resolution issues and is systematically geared to offering specialist banking and finance services to a dedicated client base which embraces multinational organisations, institutional investors, commercial, retail and investment banks and high net-worth individuals.

Corporate/M&A: the firm provides comprehensive, accurate, and specialised legal advice on all aspects of domestic and international business. A.G. Erotocritou LLC is proud to count some of the largest multinational organisations and financial institutions whom we advise on an impressive variety of corporate and M&A transactions (both domestic and international cross border).

Data Protection: the firm provides data security, sophisticated data management and related advice. A.G. Erotocritou LLC is conscious of the fact that a robust and systematic policy for safeguarding information is an invaluable requirement for inspiring the trust and confidence of those persons whose data has been made available for a designated purpose and who have an unequivocal legal right to pre-empt its unauthorised use. The experienced team members of A.G. Erotocritou LLC are actively involved in their local compliance culture and have successfully worked together in recent years to assist a plethora of local and international clients.

Dispute Resolution: constantly ranked by leading international directories, the firm’s litigation team has particular expertise in handling high-value, complex cross-border disputes, injunctions and other interim measures, and regularly represents multinational corporations, financial and banking institutions and individuals in a wide range of cross-border commercial and corporate litigation. A.G. Erotocritou LLC is equally active in international and domestic arbitration.

Financial Services and Products: the firm, having worked with some of the largest players in the industry, both from the legal and international stage, is highly experienced on all matters relating to the regulatory compliance of banks, investment firms, asset managers, funds and other market participants, whether dealing on a client or counter-party basis. A.G. Erotocritou LLC’s specialist team’s in-depth knowledge and understanding of the markets, combined with its relationship with the regulators, allow it to assist in proactively advising on the regulatory horizon in Cyprus.

Immigration: the firm’s specialised immigration team has an outstanding and impressive record of successfully dealing with all aspects and types of immigration law, and in particular on citizenship applications (as a result of an investment in Cyprus pursuant to the Naturalisation Scheme but also, on the basis of the years of residence in the Republic). Moreover, A.G. Erotocritou LLC has expertise in dealing with other immigration issues such as temporary and permanent residence permits, employment permits and visas.

Private Client: the firm’s multi-awarded department offers an all-embracing range of services to HNW and UNHW individuals, encompassing a broad cross-section of contentious and non-contentious matters, which may require the intervention and involvement of several legal disciplines. A.G. Erotocritou LLC has advised a plethora of high-net-worth individuals in relation to their investments in Cyprus, including investments in real estate and financial assets.

Real Estate: the firm is actively engaged in all aspects of legal work pertaining to the real estate sector. A.G. Erotocritou LLC provides advice to real estate companies and developers, private and public bodies, private individuals, investors, lenders, contractors and property-owning institutions and assists and advises in the purchase and sale of both commercial and residential property and of other development projects.

Restructuring & Insolvency: the firm is highly specialised in complex multi-jurisdictional restructurings and insolvencies with dedicated resources in the key European jurisdictions. A.G. Erotocritou LLC offers practical and commercial advice on a full range of contentious and non-contentious issues encountered in restructurings and insolvencies. The firm’s team has acted as trusted advisors and has regularly represented high profile stakeholders, corporate debtors experiencing financial difficulties to lenders, insolvency officers, lender creditors, leading multinational financial institutions, accountants and financial advisers.

Shipping, Admiralty and Marine Insurance: the firm has played a key role in dealing with a broad range of matters associated with the shipping industry, a vibrant domain wherein the firm’s advice and expertise is sought by a diverse client base which includes banks, financial institutions, ship owners/managers, charterers and insurers/P&I clubs. Aside from undertaking litigation work which entails the representation of clients such as ship owners, importers, charter parties, insurance companies and others, A.G. Erotocritou LLC’s specialised areas of practice in this domain entail the provision of advice in relation to matters concerning ship management, the building and sale of vessels, registration requirements, shipping finance and marine insurance.

Technology and E-commerce: the firm is highly experienced in the technology and e-commerce sectors, having  worked with some of the biggest names in the e-commerce industry including retail platforms in fashion, technology giants and luxury goods manufacturers. A.G. Erotocritou LLC’s specialised team acts as a one stop shop for all that is technology and e-commerce relation, and is often instructed to offer guidance on how to best structure clients’ digital presence to address their particular commercial needs and ensure compliance with e-commerce and other relevant legal frameworks.

Dispute Resolution Andreas Erotocritouandreas.erotocritou@erotocritou.com+357 25370101
Corporate & Commercial Alexis Erotocritoualexis.erotocritou@erotocritou.com+357 25370101
Number of lawyers : 12
At this office : 10
Chartered Institute of Arbitrators MCiArb
Cyprus Bar Association
European Employment Lawyers Association
International Association of Young Lawyers
International Bar Association
International Lawyers Association (AEA)
Commercial Litigation Association
Other offices : Athens

Litigation nature

– Representing a company involved in the bankruptcy of the largest independent physical bunkers supplier and bunkering tanker owner. Proceedings, in the context of which interim freezing orders for over $310million have been issued in Cyprus, while also tackling and disputing the recognition of foreign-Court-appointed receiver.

– Advising and defending HNW individuals and their groups in the context of a cross-border dispute, of which interim freezing and other injunctions have been issued and which involve allegations related to severe capital-control violations, as well as large-scale fraudulent transactions that have allegedly resulted in the alienation of assets of value of €400million.

– Representing the former spouse of a billionaire, leading name in the oil&gas sector, in the context of the largest matrimonial dispute ever to be ruled in England, through the enforcement of the £450million maintenance award of the English Court in Cyprus by a Court-appointed receiver over a Cyprus company controlling valuable assets in Russia, with a view to enforce an English judgment over those assets, through Cyprus.

– Instructed to prepare and promoted the highly contested and largest 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”.

– 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.

Corporate/commercial nature

– Instructed to prepare, structure and promote a $700million debt restructuring (scheme of arrangement) for and on behalf of leading group owning, inter alia, a bank institution and various other valuable assets. The scheme is considered the largest ever in value and complexity that has ever been carried out in Cyprus.

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

– Instructed and handled the entire procedure by our clients, for the licensing, development and construction of various offices, warehouses/workshops to be used by Halliburton for energy related purposes in Cyprus.

– Consistently instructed by international firms to undertake extensive and complex due diligence exercises on entities with assets of significant value, including companies listed at the LSE, AIM, Athens SE and other regulated markets.

– Currently advising an UHNWI in relation to the establishment of a 5* hotel 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 international bank on its credit facility exceeding $85million to a local entity, a joint venture between two large corporations, which involved, inter alia, an extensive security package under both Cyprus, English and Russian law.

– Promoted in Cyprus a highly complex restructuring – scheme of arrangement on behalf of an Indian multinational conglomerate and construction company, with revenues exceeding $14billion.

– Selected by the Government of Cyprus, to carry out an extensive due diligence exercise on OPAP Cyprus (part of OPAP Group (a listed company in Greece)) in order to assess the suitability of the license to be granted to the latter for the provision of certain services in Cyprus.

– Our firm was instructed by Radisson Group to advise on various corporate and commercial matters.

– Acting on behalf of an UHNWI, we are handling the establishment of the first industrial park in Cyprus.

Financial Services Regulatory nature

– Acted as local counsel to some of the largest investment banks, firms, managers, funds and other market participants in the financial services sector doing business in Cyprus on a range of regulatory matters and issues such as licensing, product registration and public offerings.

– Advised some of the largest UK banks and firms (including EU branches) with the Brexit planning of relationships and business in Cyprus, including on (a) migration of clients and contracts; (b) revision of policies and procedures; and (c) restructuring business models in line with local restrictions.

– Handled the entire set up, licensing and operation of a leading French fintech group’s investment arm in Cyprus and provide advice on (a) how to best structure the business in Cyprus and EU in light of Covid-19 challenges and impact; (b) regulatory and reporting requirements; and (c) corporate, tax and commercial law.

CLIENT: Bowei Lee

COMPANY/FIRM: Chairman of LCY Technology Corp & LCY Chemical Corp

TESTIMONIAL: The firm members are passionate lawyers who really care about the interest of the clients. I am happy to work with the team.

CLIENT: Charles Hewetson

COMPANY/FIRM: Partner at Reed Smith

TESTIMONIAL: I have known Alexis and Andreas Erotocritou for a number of years.  I have always found them to be very easy/pleasant to deal with and knowledgeable on substantive and procedural issues under Cypriot law.  They are my first-choice advisers for corporate, finance or litigation issues arising in Cyprus.

CLIENT: Manuel Lorenz

COMPANY/FIRM: Partner and Head of German Capital Markets Practice Group, Baker & McKenzie

TESTIMONIAL: We worked on a complex corporate matter and were impressed by the responsiveness of the firm and the clarity of the advice we received.

CLIENT: Thomas Trueb

COMPANY/FIRM: Founder/President of Dariu Foundation

TESTIMONIAL: I prefer working with A.G. Erotocritou LLC as they have thorough industry knowledge and are focused in delivering results. They work promptly and efficiently by focusing on the needs of the project and the particular situation.

CLIENT: Costas Joannides

COMPANY/FIRM: CEO at Marsh (Cyprus)

TESTIMONIAL: The dynamic team of legal advisors of A.G. Erotocritou LLC is ready to assist on a 24/7 basis. Their work is excellent and has proven to bring success to their partners and clients.

CLIENT: Paul Donovan

COMPANY/FIRM: Director – Wealth Management International Private Banking at Arbuthnot Latham & Co

TESTIMONIAL: The team at Erotocritou Legal Consultants has been known to Arbuthnot Latham & Co. since opening its Dubai operations in 2013. Our Private Clients often have complex requirements spanning numerous legal jurisdictions. The team at Erotocritou conduct themselves with the utmost professionalism and have always provided extremely clear and effective advice when consulted. They tailor solutions specific to the needs of their clients and offer a truly personalised service. Erotocritou are a valuable member of Arbuthnot Latham’s panel of legal professionals.

CLIENT: Tassos Frangou

COMPANY/FIRM: Group Executive Director at Dalbit Group

TESTIMONIAL: I would like to express my gratitude for the services that I had the pleasure of receiving by your firm.  Over and above excellent legal advice, professionalism, and timely support, your services included unprecedented integrity and protected the interests of our organization beyond the standard legal framework.

CLIENT: Costas Zoidis

COMPANY/FIRM: Senior Claims Executive for Thomas Miller (Hellas) Ltd (UK P&I Club)

TESTIMONIAL: A.G. Erotocritou LLC is a fully qualified and reasonably priced boutique law firm combining high expertise, efficiency, and immediate response.

CLIENT: Ilshat Timeryanov

COMPANY/FIRM: Chief Legal Advisor at Lukoil (Iraq)

TESTIMONIAL: A.G. Erotocritou LLC is a dynamic and responsible firm with a good expertise and lawyers are always responsive and ready to help with any complicated issue that may come up.


COMPANY/FIRM: Deputy General Manager at Kingenta

TESTIMONIAL: We have worked with A.G. Erotocritou LLC and we have impressed by the firm’s responsiveness, industry knowledge, professionalism and dedication; the firm has produced excellent results for our company.

People across the firm strongly believe in fulfilling the obligation to assist through pro bono work. Pro bono work strengthens our lawyers’ abilities to apply their talents in representing individuals and organizations of limited means in a variety of matters.

In addition to handling high-profile cases, such as the massively publicised EOKA case (an action on behalf of former EOKA fighters in a claim against the British Government for torture and other violations of the European Convention of Human Rights which has taken place in Cyprus during 1955-1959), we also represent disadvantaged individuals. Our work covers the full range of our lawyers’ skills, including transactional work, representation in Court and general consultation.

Notable Pro Bono Clients


Our firm, in collaboration with K.J. Conroy & Co Solicitors and other local law firms, has acted on behalf of former EOKA fighters in a claim against the British Government for torture and other violations of the European Convention of Human Rights which has taken place in Cyprus during 1955-1959. The move was encouraged by the High Court decision in 2011 to allow three Kenyans – who also accused the colonial government of torture – to sue Britain over human rights abuse perpetrated during the Mau-Mau uprising. The case was eventually settled in 2012 with the three Kenyans receiving payouts from the British government. The case is one of most high profile Cypriot cases which have been publicized in BBC, Al Jazeera, other foreign newspapers and TV channels as well as on a plethora of media in Cyprus.

Commonwealth War Graves Commission

Our firm is the exclusive legal advisor of CWGC in Cyprus. The Commission ensures that 1.7 million people who died in the two world wars will never be forgotten. CWGC cares for cemeteries and memorials at 23,000 locations, in 153 countries. CWGC continues to preserve its cemeteries and memorials and encourage the act of remembrance. Each year around 20,000 headstones are either replaced or repaired by our staff. By preserving the memory of the dead with simple dignity and true equality, the Commission hopes to encourage future generations to remember the sacrifice made by so many. The Commission has established their offices in Cyprus back in 2012 and the same constitute their headquarters in the Mediterranean area.

SAGAPO Foundation

Our firm is the exclusive legal advisor of SAGAPO Foundation. The Foundation is a humanitarian organization dedicated to working with children, families and their communities worldwide to reach their full potential through education. SAGAPO commits in creating awareness to transform lives and restore hope. The Foundation, being one of the largest foundations in the country, is considerably active and is hosting on an annual basis a number of successful events and programs. Our firm provides constant legal advice to the foundation and its members in various legal sectors and members of our team are also appointed to the board of the directors of the foundation.

Limassol Child Welfare Association

Established in 1936, the Limassol Child Welfare Association was formed from individuals who wished to help and assist underprivileged families and children in Cyprus. The association’s foremost philanthropic priority is to provide support to children with special needs across Cyprus. LCWA commits in creating awareness to transform lives and restore hope. Our firm provides legal advice to the foundation in various legal sectors.

With its highly specialised cross-border practice, A.G. Erotocritou LLC, has “all the professionalism you would expect from a large international firm” and is proud to count some of the largest international law firms, banking institutions and multinational corporations among its clients. Having rigorously implemented a business model similar to that of the most prominent U.S. and U.K. international law firmsthe firm is constantly looking to improve by  adopting practices that will enhance its international presence.  

The firm, which has been characterised as “an exception to the Cyprus market where everyone does everything”, only accepts a limited number of specific engagements of “business nature”. By doing so, the firm ensures that its high calibre clientele continues to enjoy first class responsiveness and service, consistent with that of leading international firms as well as  the highest standards of the profession. A.G. Erotocritou LLC is proud to count amongst its clients and to have carried out services, inter alios 

  • Ultra-high-net-worth individuals from Russia, Eastern Europe and the Middle East, a number of whom are included in the Forbes list;  
  • International banking institutions, such as Raiffeisen Bank, RBS, Unicredit, Alfa Bank and Asian Pacific Bank, as well as one of the largest banks in the St. Petersburg region in Russia; 
  • Local bank institutions; 
  • Leading funds, investments firms, banks and other market participants within the international financial services sector; 
  • Three of the four largest (by revenue) tech companies globally; 
  • International companies such Estee Lauder, PaysafeMarsh, Nikon Europe, etc; 
  • Leading companies in Greece and Cyprus, such Iktinos (Greece) – market leader in the Greek marble market, and Primetel (Cyprus), which is the second largest telecom company in Cyprus, RPT Group (leading group in shipping, energy and other sectors); 
  • Big-4 accounting firms; 
  • Leading international law firms;  
  • The Cyprus Shipping Association; and 
  • Commonwealth War Graves CommissionSAGAPO Children’s Foundation and other non-profitable institutions. 

In addition, A.G. Erotocritou LLC has allocated significant resources in recruiting and maintaining talented and established lawyers in order to secure its ability to preserve the quality of its services and deliver the same  in the long-term. The  firm’s team is fluent in English, Russian, Ukrainian, French and German.  Members of the firm’s legal team are US or UK graduates, have outstanding academic and professional credentials, and possess numerous awards and acknowledgements.  

Lastly, the firm, which serves mostly international clients on cross border transactions and cases (work carried out for domestic clients corresponds to approximately 10% of the entire services offered), is proud to have developed an extensive network of associates all over the world, who are ready to assist and represent any of the firm’s clients, at any time.  

The Cyprus Real Estate Market

The real estate industry in Cyprus has had a considerable and unprecedented beneficial impact on the island’s international profile as a highly attractive investment destination. In this regard, such favourable exposure has consistently served as a dominant driving force in efforts to promote the abundant opportunities offered by the island’s real estate initiatives. In essence, this has culminated in firmly positioning the domestic property domain as a sustainable and lucrative investment vehicle – a positive and most welcome development which, over the years, has been widely credited and perceived as constituting an integral and inextricable component of the country’s steady economic growth.

A key catalyst for the creation of the island’s favourable investment climate has been factors such as the attractive tax regime, a high standard/low cost of living, an excellent infrastructure, an outstanding telecommunications network, ideal geographic location, a politically stable and safe environment, a pleasant Mediterranean climate, highly skilled and well-educated professionals, a legal system based on English common law and a host of other advantages which are conducive to choosing the island as an investment destination.

The key factors mentioned above have culminated in providing the necessary impetus to the island’s commercial and residential real estate market which has increasingly gained momentum in recent years. Aside from the upsurge in building activity and the rapid expansion occasioned by infrastructural and construction projects throughout Cyprus, the real estate market in the coastal city of Limassol has witnessed phenomenal growth, as is evident from an impressive multitude of modern high-rise buildings which have systematically altered the city’s metropolitan skyline. The rapid evolution of Limassol has not only maintained and reinforced its long-held reputation as a popular holiday destination but has served to transform this cosmopolitan city into an important and vibrant commercial hub.

As with most developed countries, there is no doubt that the life-threatening global repercussions of Covid-19 have adversely affected the island’s economy – a phenomenon which has inevitably had a significant negative impact on the real estate industry. This unfortunate development has, needless to say, cast a dark shadow over the real estate landscape in terms of occasioning the suspension of construction activity, severely restricting travel and disrupting all other aspects of life as we know it. Despite major setbacks and the consequential loss of confidence amongst prospective investors, there are nevertheless encouraging indications that commercial activity is returning to normality, with tangible signs of renewed interest amongst foreign buyers who appear to be ‘returning to the fold’ – a positive development and a reminder that investors continue to be inspired by the island’s low interest rates, attractive incentive schemes (linked to the acquisition of commercial and residential property), and a host of other beneficial factors which have served to make Cyprus a much-favoured and preferred investment destination.

It is anticipated that number of high-rise building projects which are currently underway, will be duly completed within 2021 and 2022, amidst most welcome indications that there is a consistent and significant level of demand from foreign investors who, as expected, will continue to pursue prime property opportunities as a viable investment vehicle.

The completion of the impressive €350m Limassol Marina project will, without doubt, be regarded as one of the hallmarks of the real estate sector’s accomplishments on the island. This development, coupled with other major ‘flagship’ undertakings, such as the €220m Ayia Napa Marina, the €600m Casino project in Limassol (the largest of its kind in Europe), as well as the recent renewed interest shown by reputable international hotel chains to establish a local presence, will as anticipated serve as forerunners and a most welcome catalyst for further investment activity on the island.

An imaginative scheme has given the green light for hotels to construct their own tower blocks. This innovative, and so-called ‘condo hotel’ concept, effectively paves the way for investors to acquire luxury apartments while having the added benefit and convenience of enjoying the hotels’ services and facilities. Such a ‘ground-breaking’ development (which appears to be more prominent on the coastal strip of Limassol), is a most advantageous incentive for property buyers who will also be afforded direct and trouble-free access to the vast array of activities, amenities and extensive recreational resources of the seafront area. There is little doubt that this unique initiative will not only add much-needed impetus to the real estate market but will enrich and provide immeasurable value to the island’s vibrant hospitality sector.

The abolition of the Cyprus Investment Programme as of 1st November 2020, has culminated in a drop in demand for both residential and commercial properties – an inevitable consequence of the loss of confidence in the stability of the island as a reliable investment destination. As part of intense efforts to reverse this negative trend, it is anticipated that the government of Cyprus will undertake an in-depth assessment concerning all aspects of the now defunct programme. In this respect, there is an acute realisation for the need to formulate a revised and more demanding regulatory framework.

At this juncture, and as of 24th March 2021, the Cyprus Permanent Residence Scheme under the amended Aliens and Immigration Regulations, permits non-EU nationals and family members to take up permanent residence on the island upon investing €300,000 in residential or commercial real estate, the share capital of a Cyprus -registered company, or investment units of a Cyprus Collective Investment Organisation.

The applicable investment criteria for the above, are subject to the following:

  • A minimum of €200,000 is to be paid and deposited in a local financial institution prior to submission of the investor’s application, along with appropriate verification that the funds in question are derived from abroad.
  • The acquisition of property may be effected by a Cyprus, EU or EEA-registered legal entity provided the individual applicant and/or spouse are the sole shareholders or ultimate beneficial owners.
  • In respect of residential real estate, up to two units may be acquired by the applicant subject to meeting the €30,000 minimum value requirement.
  • Prior to investing in commercial real estate, the applicant is to furnish proof of residence in Cyprus (title deed, sales contract or lease agreement).
  • Residential property may not be purchased by way of a ‘resale’ transaction.
  • A permit issued may incorporate the applicant’s spouse as well as dependent children who are not over 18 years of age.
  • Specific provisions cater for dependent children attending local or foreign higher education institutions and aged between 18 to 25 years, as well as for parents and parents-in-law who, under express conditions, are at liberty to apply on the basis of the principal applicant’s investment.
  • Under certain stipulated circumstances, the applicant’s adult children may secure permanent residence irrespective of whether they are financially dependent.
  • All applicants are to provide a clean criminal record from country of origin/residence.

The real estate sector has without doubt taken on a crucial and integral contributory role in relation to the economic development, long-term growth path, and financial prosperity of the island. In doing so, it has shown itself to be a dynamic force, prime mover and a key enabler of a multitude of activities, disciplines and operations, which span and extend across the domestic, commercial, industrial, legal and financial landscape of the country. This, in itself, reflects the significance and implications of a buoyant property market and highlights the crucial importance that the A.G. Erotocritou legal team attaches to maintaining and entrenching its position as a major player in the island’s real estate field.

Alexis Erotocritou, Partner

Partner Alexis Erotocritou’s outlook on A.G. Erotocritou LLC explains how the firm is adapting to clients’ changing needs

What do you see as the main points that differentiate A.G. Erotocritou LLC from your competitors?

A.G. Erotocritou LLC has been described as “an exception to the Cyprus market where everyone does everything” due to its niche practice and highly specialised team in both contentious and non-contentious matters, which is “always there for the client”. A.G. Erotocritou LLC carefully selects its clients and the projects it takes on, in this way allowing it to ensure its exclusive clientele and maintain the highest quality of services. Finally, as our firm does not provide corporate administration or nominee services and refrains from acting for and on behalf of local banking institutions on fixed-retainer agreement, it remains conflict-free at all times.

Which practices do you see growing in the next 12 months? What are the drivers behind that?

It goes without saying that this past year was unpredictable and has shaken the markets across the world. However, due to the support packages most governments have been offering, the blow has, so to speak, been softened. The true aftermath, it seems, is not yet fully visible. This naturally is expected to give rise to restructuring and insolvency, a practice our team has been significantly investing in over the past few years, irrespective of the pandemic but will continue to do so, in view of the current events. Additionally, our firm’s recently established Financial Services and Products practice, which already counts some of the largest players in the industry at a both local and international level, is expected to steadily grow, as an area with constant developments and changes.

What’s the main change you’ve made in the firm that will benefit clients?

A.G. Erotocritou LLC has, through the years, been rigorously implementing a business model similar to that of some of the most prominent international law firms. Aside from the steady growth of our team over the past few years, our firm is constantly looking for ways to maintain the excellence in its specialist services whilst also remaining fully available to its clients. Technology, with the embrace it has seen as a result of the lockdown measures imposed across the globe, has been our friend in this respect. Additionally, our firm has strengthened and expanded its investment and transactional advisory team by welcoming Melinda Rishkofski on board, as the firm’s external consultant. With her expertise and over 30 years of experience, Melinda has already added significant value to the team.

Is technology changing the way you interact with your clients, and the services you can provide them?

Our team prides itself in always being available for our clients and willing to work around the clock, if necessary, to deliver. In this respect, embracing technological advances has always been a priority of our firm and this year has been no exception. Our firm has fully adapted to the difficult circumstances caused by Covid-19, with our entire team having the ability to work remotely while maintaining our usual working interface. Despite the difficult circumstances that brought about this change, we are happy to note that technology has given us a platform to interact with our cross-border clients on a face-to-face basis more often.

Are clients looking for stability and strategic direction from their law firms – where do you see the firm in three years’ time?

A.G. Erotocritou LLC is treading its path confidently and steadily, something our team intends to continue to do as we maintain our ethos and value. As I have also stated above, our firm is constantly looking for ways to expand but is aware it should do so steadily and only where necessary. While A.G. Erotocritou LLC is proud to already count some of the largest international law firms, banking institutions and multinational corporations among its clients, and intends to continue investing in the excellent relationships it as built along the way, we expect our business to grow naturally over the next few years, with an even more dominant presence in international markets.


A.G. Erotocritou LLC has firmly established itself as a “top tier” leading law firm in Cyprus, having cultivated an unrivalled reputation for excellence, with an impressive track record and an all-embracing legal service capability, underpinned by an acute sense of commercial awareness.

The firm’s achievements have been duly recognised and endorsed by selected international legal directories such as Legal500, Chambers and Partners, IFLR, WhosWhoLegal and Client Choice / International Law Office. Amongst others, the firm has been recognised as “an exception in the Cyprus market where everyone does everything”, a firm which “is always there for the client” and has “all the professionalism you would expect from a large international firm”.

With a primary service focus on cross-border commercial litigation and arbitration, real estate, private client and immigration, corporate and M&A, regulatory, banking & finance, restructuring & insolvency, e-commerce, shipping and data protection, we cherish the importance of maintaining cordial and durable relations with our clients, through mutual respect and understanding.

The firm is one of the new generations of Cyprus law firms striving to reformulate the ‘traditional role’ of a law firm. A.G. Erotocritou LLC has adopted a new model for the delivery of legal services with a flexibility to meet clients’ needs, exceed their expectations and provide tailor-made personalised solutions.

The firm has rigorously implemented a business model similar to that of the most prominent U.S. and U.K. international law firms; hence, A.G. Erotocritou LLC has allocated significant resources in recruiting and maintaining talented lawyers in order to secure its ability to deliver the same level of services in the long-term. A structured multi-stage selection process is undertaken for all candidates, evaluating merit and ethos as key criteria for recruitment. All members of the A.G. Erotocritou LLC legal team are US or UK graduates, have outstanding academic credentials and possess exceptional research, communication, negotiation, organisational and interpersonal skills which not only complement their in-depth knowledge of Cyprus law, but serve as indispensable resources in their ability to undertake complex international/cross-border legal issues.

In an effort to remain conflict-free at all times, maintain its specialisation and be able to act in complex commercial disputes and transactions, A.G. Erotocritou LLC does not act as a trustee company by way of provision of corporate administration or nominee services but also does not act for and on behalf of local banking institutions on fix retainer.

The firm is proud to count some of the largest international law firms and banking institutions, high-net-worth individuals and various notable conglomerates around the world as clients. On a domestic level, the firm also advises and regularly represents various banking institutions and corporations, public authorities as well as prominent non-profitable associations.

The business of A.G. Erotocritou LLC has expanded significantly, both in terms of volume as well as the quality and magnitude of cases and transactions handled. This is not only a testament to the calibre of the firm’s services but also highlights the trust clients place in the team and the overall high quality of work.

Major recognition by WWL in the banking and finance sector

We are delighted to announce that our partner, Alexis Erotocritou, has been recently recognised amongst the 7 “top ranked” leading practitioners in Cyprus in the banking and finance sector by the reputable directory Who’sWhoLegal, following independent research with clients and peers.