Hall Of Fame

Firms To Watch: Banking and finance

At Pittas + Koullouros LLC, the team garners praise for its 'excellent level of service' and 'clear and direct advice'. Practice head Stelios Pittas has a 'high degree of commercial awareness'.

Banking and finance in Cyprus

Antis Triantafyllides & Sons LLC

The highly experienced banking and finance team at Antis Triantafyllides & Sons LLC has strong capabilities in advising on secured and unsecured lending matters, as well as international high-value financing and refinancing transactions. Under the leadership of Stelios Triantafyllides, the group is adept at handling project financing, syndicated, subordinated and mezzanine financing, securities matters, and compliance and regulatory issues relating to Cypriot law. The department is also noted for its capabilities in contentious work, advising on debt recovery issues and the enforcement of securities. The client base includes local and international banking institutions, borrowers, guarantors and security providers. Managing associate Marios Hadjigavriel continues to assist major financial institutions with large-scale international banking work, and senior associate Christiana Vassiliou Miliou handles lending and project finance transactions and syndicated finance issues.

Praxisleiter:

Stelios Triantafyllides


Weitere Kernanwälte:

Marios Hadjigavriel; Christiana Vassiliou Miliou; James West; Emily Tornaritis; Froso Rossou


Referenzen

‘The team has extensive banking and finance experience as the leading partner and others have an in-house background with local banks.’

‘Marios Hadjigavriel is hands-on. He has extensive experience and is very knowledgeable in this area of the law.’

‘The team provides commercial and practical advice to get the deal done.’

Kernmandanten

AstroBank


Bank of Cyprus Public Company Ltd


Deutsche Bank


European Bank for Reconstruction and Development


Hellenic Bank Public Company Ltd


Highlight-Mandate


  • Advising a major US alternative asset management company serving institutional investors in connection with the enforcement of Cyprus law governed security documents.
  • Advised a local credit institution on an amendment made in connection with an EUR 37,000,000 term and revolving facilities agreement, relating to construction costs of a major residential and leisure resort.

Chrysostomides Advocates & Legal Consultants

The ‘very professional and client-friendly‘ team at Chrysostomides Advocates & Legal Consultants is well known for acting as local counsel for international banking institutions on multi-jurisdictional financing transactions. Fintech matters are a key area of strength for the group, which has seen an increase in mandates from the renewable energy sector, and has also been kept busy advising on financings within the hospitality sector. Under the leadership of Chryso Pitsilli-Dekatris, the practice continues to act on syndicated project financings and re-financings. Anna Rossides has significant experience in handling IPOs and issues relating to foreign stock exchanges. Pavlos Symeonides and newly promoted associate partners Elena Panayiotou and Artemis Amalia Metaxa are key names to note.

Weitere Kernanwälte:

Anna Rossides; Artemis Amalia Metaxa; Christia-Lydia Kastellani; Elena Panayiotou; Pavlos Symeonides


Referenzen

‘Сomprehensive approach, attention to detail and the ability to achieve the result leaves a great impression of cooperation with Chrysostomides Advocates & Legal Consultants.’

‘Artemis Amalia Metaxa and Christia-Lydia Kastellani are very skilled and talented individuals with great professional and communication skills.’

‘Very dedicated staff and quick turn around times. Thorough analysis and good market knowledge.’

Kernmandanten

Banque Internationale à Luxembourg S.A


Clydesdale Bank


United Medical Group CY PLC


Natixis, Singapore Branch


Societe Generale Bank – Cyprus Limited


Credit Suisse (Switzerland) Ltd


First Abu Dhabi Bank P.J.S.C. (Singapore Branch)


ABN AMRO Bank N.V


J&T Banka, a.s.


Banque Cantonale de Geneve


Astrobank Public Company Limited


Barclays Bank PLC


Banque Internationale à Luxembourg (Suisse) SA


China Development Bank


Komerční banka, a.s


Housing Finance Corporation


Raiffeisen Bank International AG


Joint-Stock Company “Sense Bank”


Highlight-Mandate


  • Advised a number of major multinational banks on the financing of Gunvor, a global commodity trading group of companies.
  • Instructed by Alpha Bank S.A to assist with the Cyprus law governed security package for a EUR362m common bond loan facility issued by a Greek corporation.
  • Engaged as Cypriot counsel to Clydesdale Bank PLC on a GBP multi-million real estate investment loan.

Elias Neocleous & Co LLC

Elias Neocleous & Co LLC has an excellent reputation for acting on wide range of cross-border and local financial transactions. The group's client base includes global commercial banks, investment banks and private equity funds, as well as hedge funds, asset managers, and government bodies. The team has considerable expertise in advising on asset-tracing measures through global financial markets. Demetris Roti heads up the practice, in which firm managing partner Elias Neocleous and Andrea Kallis Parparinou are prominent names. Dimitris Papoutsis has left the firm.

Praxisleiter:

Demetris Roti


Weitere Kernanwälte:

Elias Neocleous; Kyriaki Stinga; Costas Stamatiou; Christos Kafouris; Andrea Kallis Parparinou


Referenzen

‘The Elias Neocleous & Co LLC team exhibited outstanding teamwork.’

‘The individuals consistently demonstrated their ability to find innovative solutions.’

‘Prompt responses to clients’ request and provision of clean legal directions. ’

Kernmandanten

Allwyn Entertainment Financing (UK) PLC


Alpha Bank S.A


Altamira Asset Management Limited


Atterbury Europe B.V


Avanti Communications Group PLC


Bank of Cyprus


Bloomberg


CPI Property Group


Credit Suisse


Deutsche Bank AG


Eurobank Greece and Eurobank Cyprus


European Bank for Reconstruction and Development


Hellenic Public Bank Company Limited


HSBC Bank Plc


International Finance Corporation


JC Flowers & Co LLC


Jordan Kuwait Bank


KKCG Group


Limassol Marina


Lloyds Bank


Mediterranean Hospitality Ventures Limited


Optima Bank


Prodea Investments Limited


Raiffeisen Bank International AG


Sabadell Venture Capital S.L.U


SAZKA Delta Variable Capital Investment Company Limited


VISA Europe Limited


Highlight-Mandate


  • Advised Allwyn Entertainment Financing (UK) PLC on the Cyprus law aspects of its issuance of EUR 1.3bn senior secured notes.
  • Acted as Cypriot counsel to a consortium of banks in connection with a $200m super senior secured multicurrency revolving facility and a $100m senior secured multicurrency revolving facility offered to an international independent oil and gas company.
  • Advised a independent renewable energy producer on a EUR300m co-financing facility in order to fund the construction of two large scale photovoltaic energy production facilities in Central Europe.

Harneys

Pavlos Aristodemou heads up the banking and finance practice at Harneys, which is well-known for its experience in handling multi-jurisdictional financial transactions. The department garners particular praise for its work on major non-performing loan transactions, and advising on the restructuring of large conglomerates and companies operating in sectors such as infrastructure, oil and gas, and real estate. It also has a strong investment funds team. Additionally, the team receives a steady workflow of instructions from major international law firms. Nancy Erotocritou has expertise in advising on project and asset financing, security structures, restructurings and capital markets work, often for international banking institutions, multinational companies, issuers and investment banks.

Praxisleiter:

Pavlos Aristodemou


Weitere Kernanwälte:

Nancy Erotocritou; George Apostolou


Referenzen

‘Excellent team to work with – very reliable and guaranteed legal provision of services.’

‘They are a solid practice with good expertise in a number of areas.’

‘George Apostolou is our go to person. He is very responsive.’

Kernmandanten

Transocean


European Bank for Reconstruction and Development


National Bank of Greece


Black Sea Trade Development Bank


Highlight-Mandate


  • Advising EBRD on the provision of a senior secured working capital revolving loan, worth up to EUR30m, to Romanian company Premier Energy SRL.
  • Advised National Bank of Greece on the EUR44m financing of Tethys Portfolio.
  • Advised Black Sea Trade & Development Bank on the financing for the construction of a hotel in Ukraine.

Ioannides Demetriou LLC

The 'well-organised' team at Ioannides Demetriou LLC acts as lead counsel to major Cypriot and international banks on a wide array of major banking transactions, buy-outs, compliance and regulatory matters. The group also has considerable experience in advising on matters within the renewable energy sector. Pambos Ioannides is sought after by local and international banking and finance institutions, as well as private individuals and companies, to handle complex banking transactions. Christina Ioannidou's practice includes refinancing matters, and Katerina Hadjichristofi is well versed in assisting with project financing and corporate financing transactions. Zoe Christou and Savvas Yiordamlis are both well-regarded lawyers.

Praxisleiter:

Pambos Ioannides; Christina Ioannidou; Katerina Hadjichristofi; Zoe Christou; Savvas Yiordamlis


Weitere Kernanwälte:

Nicolas Panayiotou


Referenzen

‘Savvas Yiordamlis is well versed in his line of business and resolved all our issues swiftly and professionally.’

‘The law firm of Ioannides Demetriou LLC has exceptional associates and partners. The associates of Ioannides Demetriou have extensive legal knowledge, are always eager to assist, prompt in their turnaround and a team with qualities that anyone is glad to work with. ’

‘Christina Ioannidou is one of the most exceptional lawyers we have worked with, with a practical mindset and professional in all aspects; it is always a pleasure to work with Christina.’

Kernmandanten

The Cyprus Stock Exchange


Eurobank Holdings / Eurobank Cyprus Ltd


Hellenic Bank Public Co Ltd


VLPG Plant Ltd


Cybarco Development Ltd


Grant Thornton


Mercuria Energy Group


Apollo Global Equities Fund of Funds Vcic Plc


Louis Plc


ING Bank N.V.


CNP Assurance / CNP Cyprus Insurance Holdings Ltd


Bank of Cyprus Public Co., Ltd


Hellas Direct Insurance Ltd


NKS Shacolas Group


Hermes Airports Ltd


Tsokkos Group


Cyprus Organisation for Storage and Management of Oil Stocks


Highlight-Mandate


  • Advised Eurobank SA on its increase of its qualifying holding in Hellenic Bank and its insurance subsidiaries.
  • Acted for the Cyprus Stock Exchange on various matters pertaining to its operations.

Patrikios Legal

The 'very cooperative and knowledgeable' team at Patrikios Legal is involved in local and international loan restructurings, financing projects and multi-jurisdictional finance work. Under the joint leadership of Stavros Pavlou and Lia Iordanou Theodoulou, the group handles a steady workflow from major banking and financial institutions, international law firms and in-house counsel of large groups of companies. The practice also houses a separate banking litigation department. Additionally, the team advises on the listing of companies on major stock exchanges such as the LSE, the AIM, the Irish Stock Exchange and the Hong Kong Stock Exchange, and is adept at assisting with secondary public offerings and initial coin offerings (ICOs). Stella Strati has established strength in advising private and public local and international companies on cross-border deals and securities issues.

Praxisleiter:

Stavros Pavlou; Lia Iordanou Theodoulou


Weitere Kernanwälte:

Stella Strati; Nikoleta Christofidi; Angeliki Epaminonda; Angelos Onisiforou


Referenzen

‘ Very attentive and knowledgeable team. Nothing is too much for this team, speedy and professional service. Professional, collaborative, business oriented, flexible and knowledgeable.’

‘This is a large team, very well trained to meet clients’ needs. Stavros Pavlou is an experienced lawyer who knows the market and the law.’

‘They are renowned for their professionalism, integrity, swift response, in-depth knowledge and most importantly, their ethics.’

Kernmandanten

Baker Botts


Securities Lending Association


International Capital Markets Association


Freshfields Bruckhaus Deringer


Deutsche Bank AG


White & Case


Eurobank


Norton Rose Fulbright


Citibank Europe Plc


Linklaters


Latham & Watkins (UK)


Gornitzky & Co Law Firm


Chabrier Avocats


HNWIs


Highlight-Mandate


  • Advising a bank based in Luxembourg in relation to the granting of a facility including a revolving loan facility and a trade instruments facility in an aggregate amount up to EUR70m to various EU companies, operating in the gas and crude oil sector.
  • Advising an Israeli company in relation to a EUR13m loan transaction involving a Cyprus entity to be used as a special purpose vehicle, for the purposes of acquiring a portfolio of non-performing loans in Greece relating to the hotel and tourism industry.
  • Advised the lenders in a EUR100m financing to a Belgian-based software development business, and on the accession of a Cyprus entity as security provider.

A.G Erotocritou LLC

The 'very professional, dedicated and expert' team at A.G Erotocritou LLC is praised for its ‘broad and deep knowledge of national and international finance’. Practice head Alexis Erotocritou has extensive experience in advising on banking and finance transactions and security structures. The team regularly works with leading international law firms, large local and international corporations and banks. The group continues to advise on the restructuring of large groups of companies. Grigoris Sarlidis has a particular focus on financial services matters, and acts for large international banks, investment firms, asset managers, funds and other market participants in the space.

Praxisleiter:

Alexis Erotocritou


Weitere Kernanwälte:

Grigoris Sarlidis; Maria Papatheodoulou; Dafni Loizou


Referenzen

‘The team has deep understanding of financial transactions and regulation, as well as commercial understanding of the related matters. Alexis Erotocritou is a brilliant lawyer, he is very commercially aware.’

‘Working on projects with A.G Erotocritou LLC has been great, they were always proactive with consultations and guidance. The team has highly qualified people that are efficient and pay attention to the small details. We felt it was part of our team and we had a great rapport with all their members.’

‘Grigoris Sarlidis -his knowledge of the legislation concerning the financial services has been a significant plus. He is exceptional in all aspects of legal advice and I always reach out when needed. He always finds the time and that was really appreciated.’

Kernmandanten

Eureka


Cyprus Shipping Association


Gevorest


RPT Group


Primetel


Skywell Capital Partners


Kuehne + Nagel


Grecian Group


Johnsof


AAS


Match Trade


Iliaktida


Wojnar


Alibaba


Unicredit Bank


Ancora, sro


Equity – i


Orphanos Group


IKTINOS


CapitalXtend


Kitendo Capital


Tactics Group


Kaleide Property Group


AWS


JD Sports


Pandomus Group


Aksioma Tech


Finstella


Alter Domus


Highlight-Mandate


  • Advised on the local regulatory considerations pertaining to an investment in units of alternative investment funds, structured and facilitated through personal investment vehicles in Cyprus, worth more than EUR400m.
  • Advised one of the largest hotel groups on a global level on the acquisition of a hotel in Limassol, Cyprus.
  • Advised large banks, investment firms, assets managers, funds and other market participants in the financial services sector doing business in Cyprus on a range of banking and regulatory matters relating to financial services and products in Cyprus.

Chrysses Demetriades & Co Law Office

Spearheaded by Demosthenes Mavrellis, the nimble team at Chrysses Demetriades & Co Law Office fields expertise in syndicated lending, NPL recovery and securitisation matters, as well as advising on securities issuances and funds structuring. The group frequently represents leading local banks and other financial institutions in restructuring work, acquisition financings, and debt and asset swaps. Tech sector matters have been prominent in the department's workload, with the team advising on bitcoin mining matters. Michaela Hadjihambi is singled out for her contributions.

Praxisleiter:

Demosthenes Mavrellis


 


Weitere Kernanwälte:

Michaela Hadjihambi; Christos Heracleous


Referenzen

‘Experienced team with good availability, commercial approach to issues, easy to work with.’

‘We have worked with Chrysses Demetriades on multiple occasions as local counsel in Cyprus and have had a consistent work product and experience with them. CDC were able to directly and adequately address all of the queries with appropriate management of client expectations. It was a pleasure working with them.’

‘Christos Heracleous is extremely responsive, in touch with market requirements and delivers consistently excellent and practical advice.’

Kernmandanten

Bank of Cyprus PLC


Morgan Stanley LLC


Goldman Sachs Intl.


Piraeus Bank S.A


Alfa Bank S.A. (Athens)


Advent International


J.P. Morgan International


The Leptos Group


Howden Broking Group


Barclays Bank PLc


Nomura Singapore


BNP Paribas


Deutsche Bank


NBG PANGAEA REIC


Steering Committee of Lenders to Interpipe


HSBC Bank


Citigroup


Highlight-Mandate


  • Advised BNP Paribas S.A., Axis Bank Limited, Deutsche Bank AG, Citibank N.A. and other lenders named in the Revolving Credit Facility Agreement on the reorganisation of the financing of a Cypriot group of companies, up to a total commitments of EUR375m.
  • Acted for various credit institutions in connection with a $750,000,000 notes issuance.
  • Acted for a consortium of banks in relation to the financing arrangements for a major mall in Cyprus.

Michael Kyprianou & Co. LLC

The agile team at Michael Kyprianou & Co. LLC is often involved in complex, cross-border financing transactions. Under the joint leadership of Tonia Antoniou and Lambros Soteriou, the group is adept at acting for borrowers, lenders and security providers, and often advises on multi-jurisdictional deals involving financing in multiple currencies. The diverse client base includes entities from the mining, energy, and shipping sectors. Ioanna Solomou and Lorena Charalambous, who fields expertise in handling international leveraged acquisition financings, asset-based financings, and trade financings, are key names in the department.


Praxisleiter:

Tonia Antoniou; Lambros Soteriou


Weitere Kernanwälte:

Lorena Charalambous; Ioanna Solomou


Kernmandanten

KfW IPEX-Bank GmbH


Raiffeisen Bank S.A. and other syndicated lenders


NIBC Bank


Trans Atlantic Shipmanagement Inc.


Highlight-Mandate


  • Advised Green Shipping Fund on a re-financing of a facility of Eureka Shipping Group, a major shipping group involved in bulk cargo and cement transportation.

STELIOS AMERICANOS & CO LLC

The team at STELIOS AMERICANOS & CO LLC continues to handle a significant volume of high-value cross-border transactions. The group has a wealth of experience in advising on acquisition and project financings, in addition to assisting with refinancings, real estate financings and syndicated and bilateral lending. Under the leadership of Stelios Americanos and Despina Americanou, the department acts for an established client base of local and international commercial and investment banks, international finance organisations, investment funds, governmental institutions and corporate borrowers. Large restructurings and re-financings concerning the acquisition of distressed assets have been prominent in the group’s workload. Senior associate Olga Petrova is a name to note.


Praxisleiter:

Stelios Americanos; Despina Americanou


Weitere Kernanwälte:

Michalis Zambyrinis; Olga Petrova


Referenzen

‘The best Cypriot law firm in terms of banking and finance. Very experienced and responsive team who can navigate you properly through Cypriot law specifics.’

‘Despina Americanou is excellent and business oriented lawyer.’

‘Stelios Americanos have showed themselves as a highly client oriented and experienced team with  premium quality expertise in the field. We always get from them high quality and professional advice.’

Kernmandanten

Hines International Fund Management Company S.A.R.L


Raifessen Bank SA


ING Bank NV Amsterdam – Bucharest Branch


EBRD


Unicredit Bank Srbija A.D. Beograd


Safe Growth Investments AIFLNP V.C.I.C Ltd


Banque de Commerce &Amp; de Placements


Potegowo Mashav Sp. zoo


A.P. Moller -Maersk A/S


Highlight-Mandate


  • Advised the European Bank for Reconstruction and Development on a senior secured financing of the 258.9MW Potegowo South wind farm in Poland.
  • Advised a number of financial institutions on a EUR140m loan to a Serbian SPV for the development of a wind farm in Serbia.

Alexandros Economou LLC

Alexandros Economou heads up the excellent team at Alexandros Economou LLC, is regularly instructed by banks, financial institutions, and international groups of companies. The group is also sought after by international law firms to act as local counsel on financings and re-financings; shipping finance is a recognised area of strength for the department. The team is adept at representing lenders and borrowers in mandates. Senior associate Maria Katsikidou and associate Electra Theodorou, who is registered with the Cyprus Securities and Exchange Commission, are key names to note.

Praxisleiter:

Alexandros Economou


Weitere Kernanwälte:

Electra Theodorou; Maria Katsikidou


Referenzen

‘The team is very reliable, responsive and always able to deliver professional output on time. It is always pleasure to cooperate with this team.’

‘Electra Theodorou is an excellent professional with a personal approach.’

‘They are always available to attend any task that they are assigned to, with the requisite professionalism and legal knowledge.’

Kernmandanten

A Slovak group of companies


Theova UHS Enterprise Solutions Ltd


A major real estate investment group in Romania


Dufry Group


Tatra Banka, a.s.


Penta Group


Orange


Kinross Gold Corporation


A major real estate investment group in Greece


Highlight-Mandate


  • Advised a major Slovak group of companies on a multimillion financing and related group restructuring.
  • Advised a major international bank on a multi-million financing and refinancing of a Cyprus real estate group with foreign interests.
  • Advised a major international healthcare and pharmaceuticals group on a multi-million financing and related securities.

Athos Demetriou Associates LLC

Athos Demetriou Associates LLC is jointly led by Athos Demetriou and Anna Skouri; the talented team has an excellent reputation for handling complex local and international banking and finance matters. Asset financing transactions, anti-money laundering matters and debt restructuring mandates are key areas of instruction for the group, which regularly acts for local investment firms, international law firms and alternative investment funds. The firm has also been appointed by the Cyprus Securities and Exchange Commission as the legal advisor to the Investors Compensation Fund.

Praxisleiter:

Athos Demetriou; Anna Skouri


Weitere Kernanwälte:

Marilena Michaelidou


Referenzen

‘Athos and Anna are professional, prompt, kind and helpful. They provide fast returns and good work.’

Marilena Michaelidou and Anna Skouri – very responsive, great cooperation.’

‘Athos is knowledgeable, pragmatic and businesslike. He provides workable solutions that go beyond a simple ‘legal’ remit.’

Kernmandanten

European Bank for Reconstruction and Development


Asian Development Bank


Allen & Overy (Czech Republic) LLP


Allen & Overy (Warsaw) LLP


Asters Law


Electric Networks of Armenia CJSC


Mashav Energia


Elgan Automotive Group


Tech Con Group of Companies


K. Treppides & Co Ltd


FxPro Financial Services Ltd


Alter Domus (CYPRUS) LIMITED


Alter Domus Luxemburg


Allen & Overy (South Africa) LLP


HLB (Cyprus) LIMITED


CLIFFORD CHANCE LLP


Latomia Pharmakas PLC


International Finance Corporation


Norton Rose Fulbright LLP


Black Sea Trade & Development Bank


Fortuna Entertainment Group N.V.


Fameline Holding Group


Meteor Motortech Kereskedelmi Kft.


Automation Yeruham & co ltd


LBF Partners


Permira (GUERNSEY) LIMITED


Integrated Casino Resort Cyprus Limited


BNKPRO Europe LTD


Highlight-Mandate


  • Engaged by the client to advise on an amendment to a EUR 470m credit facility between multiple entities.
  • Instructed by a client to act as Cypriot legal counsel to the International Finance Incorporation in relation to a loan facility transaction.
  • Acting as Cyprus legal advisors to the client in connection with a financing transaction of EUR25m.

Michael Damianos & Co LLC

The ‘responsive’ team at Michael Damianos & Co LLC is lauded for its ‘deep knowledge in local law’. Under the leadership of Michael Damianos, the group regularly advises on asset and acquisition financing, as well as debt restructuring, corporate financing and real estate financing. The bulk of the team's workload stems from referrals from international law firms, however the department has established capabilities in assisting local clients with a broad range of banking and finance work. The practice has been kept busy recently acting for clients in the technology sector, as well as advising on Islamic finance matters.

Praxisleiter:

Michael Damianos


Weitere Kernanwälte:

Christina Charalambidou


Referenzen

‘An excellent, focused firm. Business minded. Cost efficient. Gets the job done well.’

Delivers an excellent partner led service.’

‘Diligent and easy to work with and quick responders. Michael is very knowledgeable and a great transaction lawyer.’

Mouaimis & Mouaimis LLC

At Mouaimis & Mouaimis LLC, the team has a solid track record in acting as Cypriot legal counsel in relation to international, bilateral and syndicated financings, project financings and corporate reorganisations. The client base includes international banks and financial institutions, multinational companies and international groups of investors. Michalis Mouaimis and Andriani Mouaimi are the practice heads.

Praxisleiter:

Michalis Mouaimis; Andriani Mouaimi


Kernmandanten

Dun and Bradstreet


McCormick & Company, Inc.


Bayer Middle East FZE


Tibco Software Inc.


International Finance Corporation


PJSC Myronivsky Hliboproduct / MHP SE


Wallem Group Limited


European Bank for Reconstruction and Development


Highlight-Mandate


  • Advised a collateral agent for financing institutions on an amendment to a financing agreement, provided to a multinational group of companies.
  • Advised a Cyprus holding company of a large agricultural group on a loan agreement provided by an international financial institution, involving the provision of a guarantee by the Cyprus holding company of the group.
  • Acted as Cyprus counsel to a global ship management group, in relation to an amendment of a credit facility agreement involving a provision of security by the Cyprus holding companies of the group.

AGPLAW | A.G. Paphitis & Co. LLC

The versatile team at AGPLAW | A.G. Paphitis & Co. LLC handles a wide spectrum of banking and finance, regulatory and fintech transactions. The group continues to advise on the restructuring and insolvencies of international groups of companies, as well as on financial regulations and compliance issues. The practice is well-equipped to assist with compliance matters in the fintech sector. Angelos Paphitis and Michael Alexandrou are the practice heads.

Praxisleiter:

Angelos Paphitis; Michael Alexandrou


Weitere Kernanwälte:

George Tashev


Referenzen

‘George Tashev was highly responsive to our requests for advice.’

‘Their banking and finance practice is one of the best in Cyprus in my opinion.’

‘Angelos Paphitis is a strong character with an incredible high level of knowledge when it comes to banking and finance laws.’

Kernmandanten

Lirat


NicheClear


IUX Markets


TZ Capital Partners LTD


Bonofa LTD


DTWCY LTD


Twiline Commercial LTD


VS Energy Ltd


Finery Markets Ltd


Giambrone Law Firm (UK)


Highlight-Mandate


  • Engaged to advise on a client’s company’s voluntary liquidation, and the firm was appointed as liquidators.
  • Engaged by its client to handle the restructuring of the group of companies as a result of the liquidation of another subsidiary company, for which it also acted as liquidators.

Deloitte Legal | Hadjianastassiou, Ioannides LLC

The 'exceptional' team at Deloitte Legal | Hadjianastassiou, Ioannides LLC is ‘always able to provide quality advice’. The group continues to act as both leading and local counsel on major multi-jurisdictional financing transactions. The team is also adept at handling the full spectrum of financial regulatory matters. Other key areas of instruction include handling the due diligence aspects of loan portfolio acquisitions. Andreas Thoma and financial services expert Calliopi Nicolaidou co-head the practice; Natalie Sepou is a key practitioner in the group.

Praxisleiter:

Andreas Thoma; Calliopi Nicolaidou


Weitere Kernanwälte:

Natalie Sepou; Kypros Ioannides; Athina Patera


Referenzen

‘Andreas Thoma is a very competent transactional lawyer capable of handing sophisticated matters.’

‘The practice is managed by two young professionals who are dynamic and hands on in their approach. They engage directly with their clients and oversee the work produced by their team. This gives comfort to clients that they are not being managed by junior staff but have the full support of the team.’

‘ I have dealt with Natalie Sepou who was very responsive to emails and had valuable insights and comments.’

Kernmandanten

Ancoria Bank


Astro Bank Ltd


Bank of Cyprus Public Company Limited


Bank of Scotland plc/ Lloyds Banking Group


Citibank Group


CSC Europe Limited


Eurobank (Cyprus) Ltd


Housing Finance Corporation


Komercni banka a.s.


PPF Banka a.s


Highlight-Mandate


  • Advising a Cypriot credit institution on its advanced separability analysis requested by the Central Bank of Cyprus (CBC) in line with the Working Priorities for 2023 set by the Central Bank of Cyprus.
  • Acting as legal members of the temporary administrator team appointed under article 30E of the Business of Credit Institutions law in connection to a local systemic credit institution surrendering its banking licence in Cyprus.
  • Advising a Cyprus company as borrower in relation to the financing provided by Bank of Cyprus Public Company Ltd for the acquisition of Aretaeion Private Hospital, one of the largest private hospitals in Cyprus.

Harris Kyriakides

Harris Kyriakides' team stands out as 'experienced' and 'well-organised', with 'a professional attitude'. The banking and finance practice is very well versed in handling a broad range of matters, from corporate finance and regulatory compliance issues, to lending transactions and dispute resolution, as well as handling issues relating to non-performing loans. National and international banks, credit acquiring companies and financial institutions are included in the department's client roster. The practice is led by the triumvirate of Nicolas KyriakidesPhivos Zomenis, and Georgina Athanasiou.

Praxisleiter:

Nicolas Kyriakides; Georgina Athanasiou; Phivos Zomenis


Weitere Kernanwälte:

Margarita Avraam; Michael Kyriakides


Referenzen

‘People at Harris Kyriakides’ law office are very helpful and willing to assist you promptly on whatever request you have. They have great knowledge of their subject and the pricing of the company is very competitive compared to other law offices.’

‘Margarita Avraam is an exceptional lawyer at Harris Kyriakides’ law office. She is very helpful and her responses are delivered to the point, accurately and well documented.’

‘They are committed to what they do, they study their cases well and seek information and consultation with us when the case is outside of normal circumstances. They have accumulated experience and were successful in all the cases they represented us.’

Kernmandanten

Gordian Holdings Limited


Single Resolution Board


Eurobank EFG Cyprus Ltd


Themis Portfolio Management Limited


Bank of Cyprus Public Company Limited


Hellenic Bank Public Company Ltd


KINANIS LLC

The ‘accessible and practical’ team at KINANIS LLC is co-led by Christos Kinanis and Andri Michael. The practice is sought after by alternative investment funds, and is also instructed by international lenders, credit institutions, borrowers and shareholders in banking and finance matters. The group also garners praise for its experience in blockchain technology, and is adept at advising on the payment services regulatory framework in Cyprus.


Praxisleiter:

Christos Kinanis; Andri Michael


Weitere Kernanwälte:

Savvina Miltiadou


Referenzen

‘First and foremost the team consists of very professional individuals. Over the years the team has built a strong network with numerous financial institutions and they provide prompt and accurate banking solutions as well as mediation services.’

‘Kinanis LLC’s Banking team is outstanding. Their dedication and skill in dealing with banking institutions results in swift and problem free banking operations for our group. Always proactive and solution orientated.’

‘The banking department of KLLC is outstanding, mostly due to the very capable people who are always very eager to assist us, as their knowledge and expertise in the banking sector is exceptional’.

Kernmandanten

EOS Multi-Strategy Fund AIFLNP V.C.I.C. Ltd


EpendiCY RAIF V.C.I.C. PLC


Vonpende Holdings PLC


Athena Capital Partners


Chenor AG


Aude FM Limited


ZoidPay (ZCN ZOID LTD)


Energy Transition Tech Fund RAIF V.C.I.C. Ltd


FinHub Cyprus


KOUKOUNIS, KARAOLIS LLC | LAW FIRM MEMBER OF THE EY GLOBAL NETWORK

KOUKOUNIS, KARAOLIS LLC | LAW FIRM MEMBER OF THE EY GLOBAL NETWORK (formerly known as Prountzos & Prountzos) houses a banking team led by Andria Koukounis. Koukounis has a solid track record in handling project financing, secured lending, debt recovery and NPL matters. The client base includes financial institutions and large corporations. Charalambos Prountzos recently left the firm.

Praxisleiter:

Andria Koukounis


Referenzen

‘The direct involvement of one of the key partners of the firm, Andria Koukounis, with the handling of any significant issues, coupled with her expertise in the areas of their engagement makes them stand out among our associates.’

‘A very well tuned team. A law firm setting the optimum business solution at the core of its deliverables.’

‘Andria Koukounis is renowned for her strong technical skills in banking and finance.’

Kernmandanten

Novotech SG Holdings PTE Limited


FTMO s.r.o.


CDJ Social Stocks Ltd


Hoist Finance Cyprus Ltd


Ecommbx Limited


Themis Portfolio Management Holdings Limited


Global Balanced Fund of Funds Salamis Variable Capital Investment Company PLC


Cyprus Ministry of Finance (in collaboration with the office of the State Aid Commissioner, and funded by the EU Commission – DG Reform)


Cyprus Department of Land and Surveys (in collaboration with the European Commission)


Cyprus Securities and Exchange Commission


Highlight-Mandate


  • Advised Hoist Finance Cyprus Ltd, a subsidiary of an internationally renowned financial services provider specialising in the acquisition and management of non-performing and performing loans, on obtaining a licence from the Central Bank of Cyprus (“CBC”) as a credit servicer.
  • Advised CDJ Social Stocks Ltd on successfully obtaining from the Cyprus Securities and Exchange Commission a licence as a Cyprus Investment Firm (CIF).

PYRGOU VAKIS LAW FIRM

Under the collective leadership of Melina Pyrgou, Demetris Vakis and Georgia Papa, the skilled team at PYRGOU VAKIS LAW FIRM fields expertise in a broad range of banking and finance matters, such as debt restructurings and project financing deals. Contentious banking matters are also prominent in the group's workload, and the department is frequently instructed by Cypriot and international companies on multijurisdictional matters.

Praxisleiter:

Melina Pyrgou; Demetris Vakis; Georgia Papa


Referenzen

‘The team is always available to assist with any request, and collaborates with us to achieve the best result efficiently and effectively. The expert knowledge of the team is always clearly evident, and prompt responses to our requests is a stand out.’

‘The staff of Pyrgou Vakis is always extremely professional, with a happy-to-help and practical approach. Demetris Vakis has been our lawyer for many years now and his expertise and personal dedication is highly valuable to the team.’

‘The team is very helpful and reacts quickly to all the requests.’

Highlight-Mandate


  • Advised a client on a security release matter in relation to a complex corporate structure with multiple corporate financing and security agreements.
  • Advising a client in relation to a letter of release for the collateral arising from a Credit Agreement, a Pledge Agreement and a Subsidiary Guarantee Agreement.

Andreas Coucounis & Co LLC

Led by Dimitria Coucouni, the banking and finance department at Andreas Coucounis & Co LLC has an extensive track record in advising on contentious banking matters and representing foreign investors in cases brought against FOREX companies in Cyprus. Additionally, the group assists national and international commercial investment banks, security providers and corporate borrowers with loans and security transactions.

Praxisleiter:

Dimitria Coucouni Andreou


Weitere Kernanwälte:

Tasos Coucounis; Alexandros Coucounis


Referenzen

‘The key strengths of the team are punctuality, speed and extreme diligence on the handling of assigned cases.’

‘The key partners personally handle all important cases, ensuring that they are handled in the best possible ways as to safeguard the interests of their clients.’

‘Tasos Coucounis and  Alexandros Coucounis are highly qualified professionals that maintain direct contact with their clients as to ensure the best possible service.’

Kernmandanten

APS LOAN MANAGEMENT LTD


MATHESON LLC


EQUITI GROUP LIMITED


BANK OF CYPRUS PUBLIC COMPANY LIMITED


HELLENIC BANK PUBLIC COMPANY LIMITED


THEMIS PORTFOLIO MANAGEMENT HOLDINGS LIMITED


GORDIAN HOLDINGS LIMITED


B2KAPITAL CYPRUS LTD


Highlight-Mandate


  • Retained by Equiti Group Ltd to advise on Cyprus Securities and Exchange Commission regulatory and licencing matters and various agreements.
  • Advised Matheson LLC on Cypriot legal aspects pertaining to an insurance portfolio transfer.

Antoniou McCollum & Co. LLC

Under the joint leadership of Christina McCollum  and Anastasios A. Antoniou, the banking and finance team at Antoniou McCollum & Co. LLC has a solid track record in advising foreign banks on local banking matters, as well as assisting with credit facility issues, non-performing loans and financial regulatory work.

Praxisleiter:

Christina McCollum; Anastasios A. Antoniou


Kernmandanten

APS


doValue


ResultsCX


Tufton Oceanic


GO plc


BRP Group


Highlight-Mandate


  • Acting for Cablenet Communication Systems in its public financing through a successful EUR40m public bond issuance.
  • Advising Tufton Oceanic on a secured finance transaction.

COSTAS TSIRIDES & CO LLC

Alexandros Tsirides and Photini Tsirides co-head the 'extremely knowledgeable and always professional' team at COSTAS TSIRIDES & CO LLC. The practice counts credit institutions, individuals, local and international businesses and banks as key clients, and has expertise in advising on loans, mortgages and assignment agreements in the financial space. The group is also noted for its strength in handling instructions from clients in the real estate sector.

Praxisleiter:

Alexandros Tsirides; Photini Tsirides


Weitere Kernanwälte:

Aristiana Stylianou; Irina Loutchina


Referenzen

‘Fast and high quality of the services provided. Irina Loutchina is a reliable business partner you can always count on.’

‘We work with Alexandros Tsirides. He does not simply know the law and how to apply it but he also knows the rational and intention of legislation as he participates in several committees of the Cyprus Bar Association. He is very practical, quick, to the point and reliable. We definitely recommend him.’

‘High end legal service providers in Banking & Finance concerning Cyprus Law matters. Excellent collaboration with Alexandros Tsiridis and Aristiana Stylianou.’

Georgiades & Pelides

At Georgiades & Pelides, the practice has solid expertise in all aspects of banking law. The team is often instructed in secured commercial lending transactions, project financing, corporate financing and matters concerning the enforcement and realisation of securities. Led by Marcos Georgiades, the group has also been kept busy assisting with leasing and hire purchase agreements, in addition to advising on regulatory issues.

Praxisleiter:

Marcos Georgiades


Weitere Kernanwälte:

Marios Pelides; Dominique Pelides


Referenzen

‘They are very sophisticated, efficient and responsive.’

‘They are very business oriented and constructive.’

‘Practical, insightful advice. I wouldn’t go anywhere else.’

Kernmandanten

Hellenic Bank Public Company Limited


Cyprus Development Bank


Palta Ltd


Remedica


ISX Financial


Themis Portfolio Management


Standard Chartered Bank


European Investment Bank


Glencore


Highlight-Mandate


  • Advised Hellenic Bank Public Company Limited, the second largest bank in Cyprus, on the sale and subsequent securitisation of a portfolio of EUR1.4bn non-performing exposures and the sale of the bank’s debt servicing platform, APS Debt Servicing Cyprus Limited, to PIMCO.
  • Advised the Cyprus Development Bank (CDB) on the MREL eligibility of certain lending arrangements entered into between CDB and the European Investment Bank, as well as a potential issuance of notes by CDB.
  • Advised Hellenic Bank Public Company Limited on the acquisition from RCB Bank Ltd of a portfolio of performing loans with an aggregate value of EUR 556m, related funds on the accounts of the corresponding borrowers and related off-balance sheet obligations.

K. Argyridou & Associates LLC

Karolina Argyridou heads up the department at K. Argyridou & Associates LLC, which provides an 'efficient service', 'great quality work' and 'top-notch legal advice'. The client base includes large financial institutions in Cyprus and international banks, and the team's workload includes bond issuances, acquisition financing, CapEx financing, restructurings and cross-border financing arrangements. Prodromos Epifaniou is a name to note.

Praxisleiter:

Karolina Argyridou


Weitere Kernanwälte:

Prodromos Epifaniou


Referenzen

‘A very good and responsive firm. Knowledgeable and experienced in all areas of the law which capture a financial institution’s business. Karolina Argyridou is hands on! She is readily available, patient and polite at all times with her clients, and offers creative and practical solutions to issues.’

‘Karolina Argyridou is a hard working and knowledgeable person. She can perform under stress in a very efficient and professional manner.’

‘Karolina Argyridou stands out for her knowledge and excellent collaboration, always willing to address problems immediately. She inspires trust and keeps communication flowing. Overall, the staff, with their skills and ability to keep up with changes in the legal world, are a force to be reckoned with in the legal sector.’

Montanios & Montanios LLC

The ‘very knowledgeable’ and ‘responsive’ team at Montanios & Montanios LLC acts for some of the leading name in the financial services space. Under the leadership of Acis Montanios and Adam Montanios, the group advises on high-value transactions, often with cross-border elements, and is regularly instructed by international law firms to act as local counsel. The practice is noted for its particular expertise in transport asset finance work, and often works alongside the firm’s shipping department.

Praxisleiter:

Acis Montanios; Adam Montanios


Weitere Kernanwälte:

Maria Toumazi; Anna-Maria Leotsakou


Referenzen

‘Professionalism and efficiency, fast responses with immediate actions taken. Maria Toumazi is our main contact providing outstanding quality of service.’

‘The team includes real experts with significant experience on the subject. They are leaders rather than followers of the industry, rendering them a unique firm to do business with.’

‘Deep knowledge of the most complicated matters with a commercial approach that provides solutions in every problem. Instant responsiveness with a high degree of responsibility.’

Kernmandanten

Abn Amro Bank N.V.


Aegean Baltic Bank S.A.


Astrobank Public Company Limited


Banco Santander, S.A.


Bank of Cyprus Public Company Limited


Credit Agricole Corporate and Investment Bank


Eurobank Cyprus Ltd


Hellenic Bank Public Company Ltd


National Bank Greece S.A.


Highlight-Mandate


  • Acting for a well-known bank on a $740m loan granted to foreign companies and secured by a Cypriot parent company guarantee and other security documents.
  • Advising a foreign bank on the amendment and restatement of a $375m loan, where an additional borrower was added and the ownership of a drilling rig was transferred in the name of the new borrower.
  • Advising a client on the purchase and financing of two liquified gas carriers under a sale and leaseback transaction.

Soteris Pittas & Co L.L.C

The team at Soteris Pittas & Co L.L.C is sought after by individuals and companies to advise on financing transactions, and the group has a solid track record in assisting with freezing injunctions, receiverships and Norwich Pharmacal orders within the context of civil actions. In addition, the department is well versed in making applications for the registration of foreign awards. Soteris Pittas heads up the practice.

Praxisleiter:

Soteris Pittas


Weitere Kernanwälte:

Anna Lamprou; Kyriakos Pittas; Christodoulos Neofytou; Alexandros Mavrommatis; Thea Pitta


Referenzen

‘A very solid and client-oriented team with vast experience in representing and advising clients on matters of banking and finance as well as for representing clients in cross-border disputes involving aspects of banking and finance.’

‘The team has in-depth knowledge and dedicates itself to achieving results for its clients while being efficient and cost-sensitive.’

‘The managing partner Soteris Pittas is among the most experienced cross-border banking and finance litigation lawyers in Cyprus. He is a proactive and strategic thinker and always provides solid and innovative solutions on complex matters.’

Kernmandanten

Bryan Cave Leighton Paisner LLP


Quinn Emanuel Urquhart & Sullivan, LLP, London


Steptoe & Johnson LLP (London)


Field Fisher LLP


PCB Litigation LLP


Reed Smith (Athens)


AquaSol Hotels Group


Finstella Ltd


Highlight-Mandate


  • Acting on behalf of a large Cypriot hotelier group in defending numerous actions filed by Cypriot Banks to enforce mortgage and floating charges regarding debts of EUR250m, relating to numerous hotels owned by the client and challenging the appointment of receiver.

Tornaritis Law Firm

Tornaritis Law Firm houses ‘an impressive team of legal professionals with deep expertise in the field‘. The team stands out as ‘well-versed in a wide range of financial matters, including banking regulations, lending, project finance, and securities‘. The versatile group has a solid track record in advising on major financial deals and commercial loans. Regulatory and compliance work is another key area of instruction. Additionally, the firm is noted for holding a specialist licence from the Cyprus Stock Exchange as a Nominated Advisor for the Cyprus Stock Exchange Emerging Companies Market. The practice is collectively led by Criton Tornaritis, Alexandros Alexandrou and Marios Panayiotou.


Praxisleiter:

Criton Tornaritis; Alexandros Alexandrou; Marios Panayiotou


Weitere Kernanwälte:

Charalambos Artemis


Referenzen

‘The team has a strong academic background and solid professional experience in the banking and finance field. They are always available to meet to discuss your problems and propose solutions.’ 

‘The practice boasts an impressive team of legal professionals with deep expertise in the field. Their attorneys are well-versed in a wide range of financial matters, including banking regulations, lending, project finance, and securities. This depth of knowledge is a significant strength that sets them apart from other firms.’

‘The practice is distinguished by its exceptional team, client-centric approach, innovative use of technology, collaborative culture and transparent billing practices. These qualities make it a standout choice for clients seeking expert legal counsel in the banking and finance sector.’

Kernmandanten

AstroBank Public Company Limited


Trust International Insurance Company Limited


Commercial Union Insurance


Cyprus Popular Bank Public Co Ltd in Liquidation


Hellenic Bank Public Company Ltd


Lakatamia Municipality


BDO Cyprus (Insolvency & Restructuring)


Quantuma UK & Cyprus


Fidescorp Limited


LRC UK Group


Ellinas Finance Public Company Ltd


WTE Wassertechnik GmbH


Nest Investments Holdings (Cyprus) Ltd


ECOMMBX Limited


TROCKLAND CYPRUS


L.B. Landbank Properties Constultants Ltd


Animalia Genetics Limited (in Administration)


QQuant Master Servicer Cyprus Limited


VERTA Insurance &Amp; Reinsurance Brokers (Cyprus) Limited


BookieCo Betting Stores Ltd


Exclusive Change Capital Limited