A G Erotocritou Co

Cyprus

Address:
1 Arch. Kyprianou & Ayiou Andreou Street,
Loucaides Building 6th floor,
Limassol 3036
Cyprus

+357 2537 0101

+357 2537 0102


Key contacts:

Partner: Andreas Erotocritou
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Partner: Alexis Erotocritou
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Quick facts:

Number of lawyers: 12
Network memberships: 8
Languages: Chinese, English, Finnish, French, Greek, Russian, Ukrainian


A.G. Erotocritou LLC has painstakingly cultivated a reputation for excellence with an impressive track record and legal service capability recognised and endorsed by selected high-profile international directories for ‘its excellent quality of service, deep industry understanding’ and has been regarded as ‘an exception in the Cyprus market where everyone does everything’.

The firm is the proud recipient of prestigious awards and accolades which reflect and acknowledge its outstanding achievements and its ability to undertake the timely and efficient execution of work embracing a diverse legal services portfolio.

The firm’s multi-faceted activities encapsulate a broad spectrum of non-contentious, advisory, regulatory, transactional and litigation disciplines. The firm specialises in corporate and M&A, banking and finance, international litigation (with an emphasis on commercial cross-border disputes) and arbitration, shipping, real estate, data protection and private client. In doing so, the firm remains at all times conflict-free and intentionally,does not act as a trustee company by way of provision of administration/nominee services– focusing its practice purely on legal work.

Erotocritou is privileged to have on board highly motivated and enthusiastic legal practitioners, with UK or US graduates making up the majority of the team. The team members, who have prior experience in Cyprus / reputable international law firms, possess a well-balanced blend of finely tuned legal capabilities which aptly reinforce their outstanding and professional qualifications. All of the firm’s lawyers - who combine outstanding academic credentials, are at all times easily accessible, highly responsive and posses extensive knowledge of the Cyprus legal system and a comprehensive understanding of international law.

The firm has managed to launch itself strongly in the Cypriot market and through the reputation, expertise and 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 caliber of the firm’s services and the hard work placed into every individual case, but also to the trust the clients place in the team and the quality of the work. 

In alignment with the constantly developing international legal environment, A.G. Erotocritou LLC has intentionally developed its specialisation towards providing high quality comprehensive legal support to specific legal sectors with a strong focus on corporate and m&a, banking and finance, commercial litigation & arbitration and private client professional services.

A.G. Erotocritou LLC has proudly counted some of the largest international law firms, banking institutions, multinational corporations and high net worth individuals among its clientele. On a domestic level, the firm is also advising some of the most prominent institutions and companies as well as various local and international non-profitable associations.

Arbitration & Litigation:
Constantly ranked by leading international directories, the firm’s litigation team has particular expertise in handling high-value, complex cross-border disputes. The firm’s acquired litigation expertise in the dispute resolution theatre is aptly reflected by the diversity and volume of cases undertaken on behalf of private individuals, as well as organisations and entities in the corporate, banking and commercial sectors.

Recent deals include:

  • Recently acted for a major international banking institution and has effectively secured interim worldwide freezing orders, supported by disclosure orders, freezing the assets, bank accounts and the international chain of ownership of the guarantors’ assets. The firm had the international coordination of the litigation, aiming to freeze the assets of the guarantors in 4 different jurisdictions (Cyprus, Russia, Switzerland, Germany), and a corporate structure involving international trusts, and bearer shares.
  • As part of an oil related dispute in New York, which has been described by global financial media as “the biggest oligarch legal battle in the US”, the firm has been instructed to act as Cypriot counsel, in relation to global litigation proceedings between Russian oligarchs which are pending before the Supreme Court for the State of New York. The case is one of the most high profile cases pending in the global litigation sphere with the value of the dispute exceeding 2 billion USD.
  • Acting for a multinational corporation with its shares listed in the stock exchange of an EU MS, the firm has recently opposed the recognition and enforcement of an arbitral award in Cyprus, issued by the LCIA in London for a claim amounting to approximately 1 billion USD

Banking & Finance:
The firm has considerable expertise in the banking and finance field and it is often instructed to act on behalf of lenders and borrowers in financing transactions. Members of the firm have also been engaged in large scale projects involving multinational organisations, investment and retail banks. In general, the firm’s practice is active in acquisition and asset finance, finance leasing and financial litigation, refinancing, International trade finance, security enforcement, trade and property finance.

Recent deals include:

  • Acted for the lenders on the refinancing of a $600 million secured facility to one of the largest agricultural companies of Eastern Europe.
  • Primarily responsible for the restructuring (via a scheme of arrangement) of a leading international group with total assets in the region of 800m USD.

Corporate/M&A:
The firm’s corporate department provides comprehensive and specialised legal advice on all
aspects of domestic and international business. The firm is proud to count as clients some of the largest multinational organisations and financial institutions.

Recent deals include:

  • Recently acted for RPT Group in connection with the sub-lease of various plots of land to Halliburton, the development and construction of various offices/warehouses and workshops to be used by Halliburton for energy related purposes. The firm had the primary responsibility for the drafting of all legal documentation and has successfully undertaken all other regulatory matters. The transaction is one of the first developments in the Cyprus energy sector.
  • Represented a leading Greek company, Iktinos Hellas, which is listed in the Athens Stock Exchange in connection with its acquisition of a major stake in another company from the seller, Dolphin Capital, a listed corporation in the AIM – London Stock Exchange.
  • Acted for Rezidor Hotels Aps Danmark in relation to the establishment of Radisson Blu Hotel & Residence in Larnaca (Cyprus)

Data Protection:
The firm has significant expertise in advising and assisting clients with all data protection related matters including the review of existing procedures maintained within an organisation, examination of the controls adopted as to the manner for collecting and processing personal data, inspection of all technical controls and procedures to ensure compliance with all applicable laws.

Recent deals include:

  • Recently advised J.P Morgan and Google Inc. on various data protection related issues in connection with the processing and transfer ofpersonal data

Private Client:

  • The firm is particularly well known for offering high quality ‘private client’ professional services. Members of the team are well placed in advising high net worth individuals on a broad range of “private client” matters including, inter alios, on the acquisition of Cyprus Citizenship by investment, on the administration of trusts, banking, estate planning, real estate, wills and probate.

Recent deals include:

Ongoing support and cooperation with one of the largest immigration agencies globally and continuous advice to a plethora of high net worth individuals from Middle East, Asia and Africa in relation to their investment in Cyprus in real estate and financial assets and the acquisition of Cyprus Citizenship by investment. Amongst others, the team has facilitated the purchase of multimillion worth real estate and Governmental Bonds of the Republic of Cyprus.

Shipping, Admiralty and Marine Insurance:
A.G. Erotocritou LLC is a dynamic shipping practice and provides comprehensive, prompt and accurate legal advice and services to banks, financial institutions, ship owners, insurers in a wide spectrum of the shipping industry.

Recent deals include:

  • Acted for VTS “Ammochostos”/VTS Vasiliko Terminal Services Ltd in relation to a claim for damages and salvage fees in connection with an accident caused during a vessel’s unloading at the VTTI terminal in Cyprus
  • Acted for a major banking international institution on a multimillion ship finance transaction secured by a pledge in favour of the bank

“The firm is always up to date in its daily work and has a deep understanding of the markers and finance in general, which contributes to its top-class level of performance.  Attention to detail and thoroughness of the firm is worth noting.” – (Banking and Finance, M&A)

“They are very motivated and know well the Cyprus law industry and have good experience, also they have very talented lawyers within the firm.” – (Banking and Finance) 

“AG Erotocritou has proved to be a reliable legal adviser with a high level of expertise.  They always respond in a timely fashion, provide clear and sufficient explanations.”  -  (Restructuring and Insolvency)

“This law firm has very good experience in the corporate and finance sector with experienced and professional legal advisers.  They are very cooperative and try to provide their client with the utmost assistant and at the same time their fees are very reasonable.”  -  (Corporate)

“They are responsive with a good knowledge of legal issues”.  -  (Regulatory)

“No notable weakness as the firm was punctual with deadlines.  In addition, the firm was very responsive to communications and this leads to effective and efficient communication for the fulfilment of many of our projects together.”  -  (Banking and Finance)   

A corporate client says: “Lawyers of the firm were very knowledgeable and accessible, the advice received was very well thought out.” A finance and restructuring client says: “We are impressed by the quality of service.  It is a real boutique firm and an exception in the Cyprus market where everyone does everything.  It is welcome to see specialised people who maintain niche expertise and are extremely reliable.”

“A.G. Erotocritou is a boutique law firm, they have personal approach and understand clients' needs perfectly, together with this they have enough manpower to allocate to work on large scale and complex transactions.  They show perfect industry awareness together with perfect commercial understanding.  We have instructed the firm on various corporate and financial deals over the past two years and they always keep the highest standard and perform above the expectations. This is also due to the financial and corporate partner of the firm Alexis Erotocritou who excellently manages the team and always personally involved.”

“Extremely professional, fast reaction time, thorough feedback, high quality work,” is one client’s opinion, while another says that the firm provides “excellent service, very responsive, and outstanding legal knowledge on the matters”.

  • Asset finance
  • Banking
  • Capital markets: Equity
  • Financial restructuring
  • Investment funds
  • M&A
  • Private equity
  • Project finance
  • Real estate finance
  • Real estate funds
  • Restructuring and insolvency

  • Members of the team advised a major international telecommunication corporation, in relation to the sale of its 99.05% stake, for a total contract value of €208 million;
  • Members of the team acted for the lenders on the refinancing of a $600 million secured facility to one of the largest agricultural companies of Eastern Europe;
  • Members of the team advised a leading Ukrainian company on a US$180 million tender offer and US$400 million new note issue;
  • Primarily responsible for the restructuring (via a scheme of arrangement) of a leading international group with total assets in the region of 700m USD;
  • Advised UniCredit in a multimillion refinancing transaction involving Cyprus entities and various security structures;
  • Advised a leading international banking institution on the amendment of the securities granted by the Cyprus parties in relation to a financing and restructuring of a large group of companies with assets exceeding 500million euro;
  • Members of the team advised a leading Russian Banking institution in connection with the financing of an acquisition exceeding 200m USD by an investor consortium;
  • Advised Samsung on various complex corporate and commercial issues;
  • Represented a leading Greek company, Iktinos Hellas, which is listed in the Athens Stock Exchange in connection with its acquisition of a major stake in another company from the seller, Dolphin Capital, a listed corporation in the AIM – London Stock Exchange;
  • Advised one of the leading Russian Bank institution on a refinancing transaction exceeding 140m USD;
  • Advised Arab Bank on a multimillion finance transaction with various securities structures in place;
  • Advised Velox3 (Veltyco Group), a company listed in the AIM - London Stock Exchange in its recent acquisition of Sheltyco Enterprises Group Ltd;
  • Performed a high level and extensive due diligence exercise on a company listed in the AIM – London Stock Exchange, specialized in land and transition–zone seismic sector and provide seismic data acquisition, and data processing and interpretation services to oil and gas clients.

  • Accounting
  • Agriculture
  • Aviation
  • Banking
  • Energy
  • Financial services
  • Gaming
  • Mining
  • Natural resources
  • Oil and gas
  • Real estate
  • Shipping
  • Tech and telecoms
  • Tourism

  • Athens, Greece.