Firms in the spotlight: Patrikios Legal
Our Top Tier Dispute Resolution practice is the largest and most experienced department of the firm. As one of the leading departments in Cyprus, it is renowned for delivering exceptional service to clients. Senior & Managing Partner, Stavros Pavlou is an Elite Leading Individual in Cyprus and praised for his “very deep knowledge of the law”.
With a 56-year experience in the local and international legal market, the team successfully handles cases in conventional and alternative forms of litigation, including arbitration of international and domestic disputes, and mediation. The department’s transnational capabilities are substantial since lawyers have arbitrated commercial disputes in arbitration courts on a global level, including the London Court of International Arbitration, the Stockholm Arbitration Court, the Austrian Arbitration Centre, etc.
Headed by four partners, the dispute resolution team handles a wide range of claims and disputes, both locally and internationally, in respect of general civil, corporate and criminal litigation as well as administrative recourses to the Supreme Court of Cyprus including:
- Corporate and shareholders’ disputes
- Banking and finance disputes
- Negligence, incl. medical malpractice
- Bankruptcy, insolvency and receivership
- Landlord and tenant disputes
- Employment disputes
- Matrimonial law
- Defamation, libel and slander claims
- Breach of contracts
- Personal injury claims
- Road traffic accidents
- Insurance claims
- Admiralty claims
A sample of recent cases and projects handled includes the following:
- Representing companies which own an oil refinery in the Russian Federation, in shareholders’ disputes for the amount of USD 200 million for alleged breaches of shareholders’ agreement, misrepresentation and fraud.
- Handling over 50 cases, with an approximate total aggregate amount of USD 3 billion, relating to the registration, recognition and enforcement of Russian judgments and arbitral awards obtained by one of the leading and largest banks of Russia against various companies and individuals.
- For four and a half years, we have been representing a leading Russian bank in significant arbitration proceedings before a Cypriot tribunal, in a USD 40 million claim relating to the performance of certain bank guarantees; the Final Award has recently been received in the favour of our client pursuant to which the multimillion-claim of the claimants is dismissed.
- Representing high-net worth individuals in a multi-million dispute arising out of a joint venture for the construction of residential properties in Moscow.
- Advising before the London Court of International Arbitration (LCIA) on the enforcement of a Sale and Purchase Agreement for the sale of issued share capital through complex corporate structures (claim amount USD 800 million).
- Representing one of Cyprus’s biggest banks in relation to a recent amendment on Immovable Property (Transfer and Mortgage) Law No. 9/1965. We promoted applications/appeals with the District Courts, requesting that several provisions of article 44 of the Law, as amended, are unconstitutional; the Court agreed and declared certain articles of the Law unconstitutional, as breaching articles 23 and 26 of the Constitution.
- Advising India’s largest real estate construction company, which is also a key player in real estate investments, on matters relating to the enforcement and execution of an LCIA Arbitration Award; worth approximately GBP 350 million.
- Representing a major Russian financial institution on the recovery of over USD 1.5 billion in assets, by a leading Russian group of companies, through liquidation and other out of Court enforcement measures in order to ensure asset recoveries for debt repayment.
- Representing a large Russian bank in litigation proceedings in Cyprus, initiated against the bank and third parties (amount USD 119 million) on the basis of alleged breaches of contractual obligations by third parties for which, allegedly, the bank is responsible in tort under Russian law, as being their ultimate mother company.