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Greece and Cyprus Teams 2019

Vassiliko Cement Works Public Company

| Vassiliko Cement Works Public Company

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Greece and Cyprus Teams 2019

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Vassiliko Cement Works Public Company

About

Vassiliko Cement Works Public Company offers port services and operates its own integrated clinker and cement plant and four quarries in Cyprus. The company runs a complex and well-established business which is supported by its expert legal advisors. Evaggelos Louca, as the internal legal advisor of the company, is also part of the senior management of Vassiliko Cement Works. Three of the recent achievements he mentions – while stressing that he ‘cannot compress all of the department’s achievements to just three points’ – are the renewal of the company’s cement license, land matters which directly affect the operations of the quarries and the plant of the company – expropriations and conveyance of land and acquiring the licence for handling and managing alternative fuels. Louca strongly believes that a successful internal legal advisor has to become an integrated part of the company, and specifically mentions that ‘each company has its own particularities that an in-house lawyer has to understand in order to provide his or her services for the benefit of the company that one works for’. Based on this, Louca introduced the department’s functions to the company’s personnel and management, in order to increase their awareness about the newly created department. As a result, a good working relationship and trust between the internal legal advisors and the other departments of the company was achieved. Since then several procedures have been put in place, contract approval processes have been fleshed out, agreement reviews have been conducted and templates have been drafted for certain agreements. He is also clear that an internal legal advisor is able to make a tangible difference to the wealth and future of the company: ‘An in-house legal counsel has an overall insight in relation to the daily business and long-term targets of the company which helps him or her to develop and acquire the necessary commercial awareness and business acumen. The combination of legal expertise and business acumen of an in-house legal counsel are highly valued by Vassiliko Cement Works’.

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