Led by Costas Stamatiou, the individuals at Elias Neocleous & Co LLC ‘truly stand out for their deep legal expertise, forward-thinking mindset, and commitment to excellence’. The department regularly provides legal counsel to banks, owners, managers, charterers, cargo owners and insurers. Key pillars of strength include handling admiralty claims, as well as debt restructuring and insolvency matters. The skilled group advises on ship financing, ship arrests, ship security, shipping taxation and VAT leasing schemes. Its client roster also includes international law firms. Of note too is the fact that the practice specialises in international arbitrations and international proceedings. Andreas Christofides and Vassilis Psyrras are both highly regarded.
Legal 500 Editorial commentary
Testimonials
Collated independently by Legal 500 research team.
‘Very knowledgeable, used to dealing with international counsel, service-oriented. Exactly what is needed in a jurisdiction foreign to me.’
‘The team provides prompt, professional and very competent assistance with executing sale documents and preparing the necessary corporate resolutions in accordance with Cyprus legal requirements.’
‘Costas Stamatiou is polite, professional and a pleasure to work with.’
‘The team consists of bright individuals and field experts. We are fine with the billing is reasonable which is timely and reasonable. The team uses advanced technology in their work.’
'Andreas Christofides is very efficient, knowledgeable and always available. Vassilis Psyrras and Costas Stamatiou are experts, very experienced and very approachable.’
‘Excellent, professional, experienced and most importantly very hardworking team that will solve literally all issues from a to z, and you will enjoy not only the result but also the process itself, which is very rare.’
‘Excellent specialists, superbly versed in local peculiarities and world rules, will quickly and completely find the answer to the most complex question and provide an answer with many subtle nuances that you did not realise.’
‘Wide knowledge, efficient and friendly service. In particular, Mr. Vasilis Psyrras has proven to be a very reliable and professional lawyer.’
Key clients
- Royal Caribbean Cruises Ltd
- Abamba Limited
- KKCG
- Limassol Marina
- Aphentrica Marine Insurance
- Franman (Cyprus) Limited
- Hellenic Petroleum
- ISD Dunaferr
- Jarillo Shipping Company Ltd
- BW Shipping (formerly Bergesen Worldwide)
Work highlights
- Advised and assisted a Cyprus international trust on all aspects of the sale of a luxury superyacht.
- Advised and assisted a global shipping company on all Cyprus law requirements for its acquisition of an independent international global roll-on/roll-off freight forwarder and logistics provider.
- Advised a ship chartering operator on the criteria for the registration of each of its fleet vessels under the Cyprus Tonnage Tax System and assisted the client with all relevant procedures.
Lawyers
Leading partners
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.
Leading associates
Leading associates with regular involvement in their team's key work, and recognition from peers or clients as being ones to watch.
Andreas Christofides
Vassilis Psyrras
Practice head
Costas Stamatiou
Other key lawyers
Andreas Christofides; Vassilis Psyrras