Cyprus

IFLR1000 Reviews

Financial and corporate
AG Erotocritou

Based in Limassol, A G Erotocritou Co is a boutique with 15 legal professionals all with US or UK legal experience. 

 

Focusses / specialisms 

The firm’s expertise lies in real estate sector where it acts for international hotel groups and property developers on construction projects, financing and acquisitions in Cyprus.   

The firm is also strong in multi-jurisdictional restructuring and insolvency cases and acts for both the debtors and creditors.   

 

Key clients 

The firm advises multiple international banks on financial regulation in Cyprus, as well as advising the Cyprus Ministry of Finance on licensing matters. 

 

Research period review: 30th edition (2019/2020) 

The firm was active in banking, projects and restructuring in the research period. 

In the area of banking, the firm advised international banks on Cypriot financial regulation, on licensing, and on loans in Cyprus. It also advised the Cypriot state on licensing matters regarding a financial institution.  

The firm was very active in project development, advising developers in the shipping sector, the tourism industry, and manufacturing. The firm also advised investors and developers in the development of a medical rehabilitation center. 

In restructuring and insolvency work the firm advised banks on their internal restructuring, as well as advising a receiver in an international restructuring agreement. 

Recent staffing changes for the firm include the hire of Grigoris Sarlidis as senior associate from Pamborides. He focuses on corporate, commercial, and financial regulation. The firm also saw the departure of Charis Karacosta, an associate, who is now advising the British Government on post Brexit issues, and Elena Papangelodemou, a senior associate, who is pursuing a legal career in Germany.  

 

Client feedback: 30th edition (2019/2020) 

Banking 

"Very knowledgeable, up-to-date in regard to relevant matters, and hands on at all times." 

 

Capital markets : Structured finance and securitisation 

"Competent, rather quick on response, patient and highly diligent with an cooperative approach." 

 

Financial services regulatory 

"The partners as well as the employees of the firm are very kind, responsive and always willing to serve the client They are young enthusiastic and very well educated" 

 

M&A 

"Very efficient and reliable, with an extensive knowledge of the subject." 

"The firm is very responsive and professional." 

 

Project finance 

" A G Erotocritou Co is very professional and high-qualified, very responsive and adjustable to the client needs. We have been very pleased with their patience in having to reframe the transaction a few times due to the client's change of mind. All lawyers who worked with us proved to be very helpful." 

 

Restructuring and insolvency 

"Very prompt and responsive. A deep background of the law and high commercial awareness." 

AG Paphitis & Co

AG Paphitis & Co is a law and financial consultancy firm with 16 legal professionals based in Limassol. 

 

Focusses / specialisms 

The firm advises in all areas of financial and corporate law, particularly on licensing matters. It often works for clients in the financial services and technology sectors. 

 

Key clients 

Some of the clients of the firm include Central Bank of Cyprus, crypto currency broker Etorro, and investo Haxus.  

 

Research period review: 30th edition (2019/2020)  

During the research period the firm was active in banking and corporate transactions.  

In the area of banking the firm provided financial advisory services to multiple banks and financial institutions regarding laws in Cyprus, including licensing advice. It also provided regulatory advice to crypto currency brokers. 

In the area of corporate law, the firm advised on corporate structures and corporate governance issues. It advised investors in acquisitions and reviewed sale and purchase agreements on the sell side of deals in the medical and technology sectors.   

In the area of restructuring and insolvency the firm advised on corporate reorgansations, advising the restructuring party. 

 

Client feedback: 30th edition (2019/2020)  

Financial services regulatory 

"They are always very helpful and most importantly right on time when it comes to deadlines." 

 

M&A 

"The team of AGP has a solid experience in corporate matters, including representing clients in courts. The lawyers have a personal approach to our needs, quite flexible in cooperation with us, diligent and very professional in fulfilling their obligations." 

“The firm is positive and very responsive to the queries. It feels that experts care about advice and service provided. Due to the Covid situation, some unusual approach was taken to address immediate issues.” 

“The employees are highly responsible and advanced in legal field 

 

Private equity 

"The law firm is very good at litigation and thus its lawyers are good at material law as well" 

"Full involvement of employees and partners and timely advice." 

 

Real estate 

“As a firm they are client oriented which in my opinion, is important in the legal profession.” 

 

Restructuring and insolvency 

“We use AGP as our first choice law firm to work with. They provide a timely, efficient service and are very approachable. They communicate with us very well.” 

 

Angelos Paphitis 

“Angelos is proactive and knows the answers to any questions almost instantly.” 

“Angelos is a strategic professional with extensive knowledge, we have an excellent communication and that is why we are cooperating for all these years.” 

“Excellent communication, trustful relations and a must-do approach.” 

 

Elena Kanarini 

“She is very diligent, knowledgeable as well as very helpful.” 

 

Maria Hinni 

“Positive, reactive and client oriented.” 

“Maria is highly oriented on the client's needs and is very supportive in all the inquiries.” 

“Fast return on our communications, pleasant and friendly.” 

Antis Triantafyllides & Sons

Established in 1955, Antis Triantafyllides & Sons is a leading Cypriot firm with a team of more than 30 legal professionals based in Nicosia. 

 

Focusses / specialisms 

The firm is active across all transactional areas and regularly acts as local counsel on cross border transactions. 

The firm often advises domestic and international banks on lending, debt restructuring and capital markets mandates. In recent years it has also worked on NPL sale transactions.  

The firm also advises in M&A, and project development issues. 

 

Key clients 

The firm represents the Bank of Cyprus, Hellenic bank and Astrobank. 

 

Research period review: 30th edition (2019/2020)  

During the research period the firm was active in banking and finance, capital markets, M&A and projects. 

In the area of banking and finance the firm advised lenders in project financing and syndicated loan agreements, as well as providing due diligence on borrowers. It also assisted investors in real estate financing 

The firm advised on both debt and equity capital markets issues. It advised the issuers in an IPO and on multiple bond issues, as well as advising banks in their roles as arrangers in bond issues. 

The firm worked closely with investors in M&A, advising investors in the tourism, technology and FMCG sectors. It also advised buyers and sellers in domestic and international acquisitions. 

In project development work the firm aided investors in the development of apartments. 

 

Deal highlights: 30th edition (2019/2020) 

ASG $300 million 7.875% bond issue  

Eurogate Container Terminal Limassol financing  

HeadHunter Group Nasadq IPO  

Mitsubishi UFJ Trust €13 million acquisition of Point Nine  

Unifrutt €15 million 7.5% bond issue 

 

Client feedback: 30th edition (2019/2020) 

Banking 

“They have good communication and access to contacts.” 

“Always provides quality, practical and swift advice. Also assists in the neighboring areas like corporate and litigation.” 

“Very knowledgeable, very responsive, always able to meet strict deadlines, proactive, able to reach them on urgent matters.” 

“In-depth analysis of legal issues and twenty-four seven availability of senior partners” 

 

M&A 

“ATS is the best law firm in Cyprus, hands-down. They are a first-class, highly responsive firm with excellent lawyers.” 

“Responsive, detailed, knowledgeable, available, enjoyable to work with, honest and transparent on fees.” 

“Thorough, detailed, work beyond the normal timetable and provide quick responses.” 

“The partners and associates of the firm are extremely competent in their respective areas of practice and provide the highest level of legal services.” 

“Acted promptly, delivered on time and within the agreed fee.” 

“They are punctual, time efficient, practical and always stay on tasks without having ego driven discussions.” 

 

Private equity 

“Very responsive, well informed, great in cooperation with multiple law firms.” 

 

Emily Tornaritis and James West 

“Very knowledgeable and responsive.” 

 

Marios Hadjigavriel 

“Friendly, knowledgeable, trustworthy and available.” 

“Identifying risks and workload” 

“Hardworking, responsiveness, knowledge of the industry and the ability to present all possible risks.” 

“Marios has extensive banking experience having previously worked as Internal Legal at one of the largest banks on the island.” 

 

Sofia Kontou 

“Very responsive, working late hours if needed, pro-active, organised, knowledgeable and meets strict project deadlines.” 

 

Stelios Triantafyllides 

“Excellent know how in the senior partner Stelios Trisntafylludes.” 

“Best corporate and finance lawyer in Cyprus. Top technical skills, excellent judgment and deep experience.” 

“In depth knowledge and vast experience in the field of international business companies and finance in Cyprus, as well as in the field of Cyprus International Trusts and regulatory matters concerning the Cyprus Securities and Exchange Commission.” 

“Always responsive and at any time of the day including public holidays.” 

“He is very dynamic, hands on and always available.” 

“Stelios has good people skills, creativity and knowledge of the local and international market.” 

C Samir & Co. LLC

Founded in 2011, C Samir & Co is a law and tax consultancy firm. Its Cypriot offices are in Limassol and Nicosia, and it has satellite branches in London, Moscow, Hong Kong, Malta and Kiev. It is part of legal network SILFA (Staubach International Law Firm Alliance). 

 

Focusses / specialisms 

The firm has experience advising on cross border corporate deals.  

 

Research period review: 30th edition (2019/2020) 

During the research period the firm advised on a cross border merger, advising the buyer. 

Elias Neocleous & Co LLC

Elias Neocleous & Co is one of the largest firms in Cyprus with a team of 12 partners and more than 140 legal professionals. The firm has offices across Cyprus in Limassol, Nicosia and Paphos as well as two overseas branches in Prague and Kiev. 

 

Focusses / specialisms 

The firm has experience across all areas of transactional law, including banking and finance, capital markets, M&A and restructuring and insolvency. It works as local counsel with international firms on international transactions.  

In M&A the firm is experienced working for international financial sponsors on cross border deals. 

Banking and real estate are sectors in which the firm is regularly active. 

 

Key clients 

Some of the firm’s clients include the Bank of Cyprus, private equity investor Blackstone, and multinational CPI Property Group. 

 

Research period review: 30th edition (2019/2020) 

During the research period the firm was active in banking, capital markets, M&A and restructuring.  

In banking work the firm advised borrowers and lenders on refinancing, as well as working with lenders on new money syndicated financing.  

In capital markets, the firm advised purchasers on buying bonds. 

The firm was particularly active in M&A and corporate investments, working with buyers on international and domestic acquisitions. It worked across multiple industries, including real estate, FMCG, telecoms and betting. Its clients included private equity firms. 

The firm also advised on an cross border restructurings, often working for the debtor. 

Recent staffing changes include the hire of Consultant Alper Riza, who advises in corporate and commercial issues. It saw the departure of three partners: Maria Kyriacou, Achilleas Malliotis and Elfrosini Monou. 

 

Deal highlights: 30th edition (2019/2020) 

BeMyEye acquisition of StreetBee Group  

Blackstone Group International €175 million investment in Superbet 

CPI Property Group €330 million acquisition of shares in Globalworth Real Estate Investments   

Frigoglass Finance €260 million 6.875% bond issue  

Galileo €820 million refinancing 

Limassol Marina €130 million refinancing 

 

Client feedback: 30th edition (2019/2020) 

Banking 

“A real 'can-do' attitude and very proactive.” 

 

Capital markets : Debt 

“Their service and advice are first class in every area. Their main positive attributes are their business-like advice, their attention to client service and specialization and dedication. Their people are accessible and helpful. They meet deadlines and they keep us informed of progress. They give us practical, constructive advice that solves our problems. They have specialists in all areas so their advice is always excellent.” 

 

Capital markets : High yield 

“Highly experienced and professional. Very responsive, reliable and friendly. Their quality of work is great and it's a pleasure to work with them.” 

 

Financial and corporate 

“Professionalism, immediate availability when needed, quick action, and good consultancy feedback.” 

“The firm is very responsive, efficient and creative.” 

 

Financial services regulatory 

“A reliable law firm with a can do attitude. They are very professional and pay attention to detail.” 

“Very responsive, professional, pragmatic, giving clear, concise advice and are commercially aware of client issues.” 

“Always react proactively and with great professionality.” 

 

M&A 

“Practical and business-minded approach, proactive in solving issues with authorities, professional experience with complex cross-border transactions.” 

 

Project development 

“Professionalism, reliability, promptitude and the quality of interactions.” 

 

Andrea Parparinou 

“Proactive and good knowledge of all topics.” 

“Professionalism, prompt, reliable and quality human interaction.” 

 

Andreas Christofides 

“Andreas Christofides is very knowledgeable and practical.” 

 

Costas Stamatiou 

“Costas Stamatiou is approachable, hugely experienced and efficient” 

“Highly professional, responsive and friendly. Flexible and with high expertise in their field. Always helpful and accurate in their advice.” 

 

Demetris Roti 

“Very good at finding solutions to issues.” 

 

Dimitris Papoutsis 

“Extremely knowledgeable and pragmatic in his approach, very responsive and always providing clear and concise advice with ability to meet challenging deadlines.” 

 

Elena Christodoulou 

“An expert in her field of law.” 

 

Kyriaki Stinga 

“Good communication and proactive in finding solutions.” 

Harris Kyriakides

Established in 1976, Harris Kyriakides is a full-service firm with offices across Cyprus in Larnaca, Nicosia, Limassol and Paphos. It employees 30 lawyers, including 5 partners. 

 

Focusses / specialisms 

The firm is active in financing and M&A, and is experienced in restructuring work. 

 

Key clients 

Some of the firm's clients include the Cyprus Marine and Maritime Institute and Gordian Holdings, a real estate fund. 

 

Research period review: 30th edition (2019/2020)  

During the research period the firm was active in banking, M&A and restructuring.  

In banking work the firm generally advised borrowers in financing and refinancing transactions. It also advised lenders in real estate refinancing. 

In M&A the firm broadly advised buyers in real estate and share acquisitions. It also worked with investors exiting real estate investments. 

In restructuring the firm was particularly active, assisting indebted companies with corporate and financial restructuring. 

Recent staffing changes include the hire of senior associate Panagiotis Tsangaris from Hogan Lovells, who joined the corporate department. Maria Kamari, a senior associate from the banking department, left. 

 

Deal highlights: 30th edition (2019/2020) 

CMMI €30 million financing 

 

Client feedback: 30th edition (2019/2020) 

Banking 

“The Banking and Finance Department of Harris Kyriakides LLC comprises of a team of lawyers specializing in the banking, finance and corporate sector, both in terms of contentious and non-contentious matters. The law firm' positive attributes include, without limitation, that it is attentive, practical and responsive to client's needs, attention- and outcome-orientated with vast knowledge and expertise in the respective field. The Banking and Finance Department of the firm is exceptional in handling complex commercial matters and provides continuous legal support until the full and final settlement of a matter” 

 

M&A 

“Harris Kyriakides is an excellent law firm in all aspects. They are very responsive, extremely professional and reliable. After you engage with the firm, you can quickly appreciate that they are can understand the issues at once and they can offer practical solutions and advice of top class. I believe that it is one of the best law firms in Cyprus.” 

“Accuracy, client oriented, professional and innovative” 

 

Project development 

“Supportive and active staff that have positive attitudes, give prompt responses and follow up.” 

 

Real estate 

“Great ability to coordinate and organise a project involving a number of parties. Providing thorough and practical advice in a timely manner.” 

“Deep expertise, fast and efficient communication, client-oriented approach and reasonable pricing.” 

“They know the subject well. They are professionals, they respect us as clients and mostly deliver what they promise on time.” 

 

Restructuring and insolvency 

“Commercially oriented and give immediate and valid feedback.” 

“Employees have effective communication skills, meet deadlines and are always available to help in any way.” 

“The law firm is driven by a high level of professionalism, expertise and customer service. They are always willing to go beyond the strict requirements of the project and opine in a number of indirectly related matters. They are very well organized, respond in a timely manner and the legal opinions are always well justified with the risks being clearly pointed out.” 

 

Andrea Newton 

“They know 100% their Job. they have the full package that we are looking to have as a large scale business.” 

“Very detailed, firm, precise and looks after the client.” 

 

Andreas Anagnostou 

“Accessible, knowledgeable and a skilled problem solver.” 

 

Georgia Karamanli 

“She is always available, always ready to advise, has excellent banking law knowledge, is an excellent negotiator and exhibits strong work ethic and integrity.” 

 

Kyriaki Georgiou 

“Very responsive, available at all times, with a willingness to assist and provide support. Kyriaki has very good organisational skills, provides practical advice and takes initiative as well as proactive steps to assist cases.” 

“Immediate response and business oriented.” 

“Consistent to the timeframe given - always meet the deadlines, available to assist in any way, knows very well her subject and has very good communication skills.” 

 

Margarita Avraam 

“Excellent customer service skills, prompt responses, very well justified legal opinions, skilled at assessing risks and very willing to assist.” 

 

Michael Kyriakides 

“Michael is absolutely superb and first-rate. He is extremely bright, very good at the detail and really hard-working. He has a very commercial style of advocacy which is incredibly effective. He is one of the most effective advocates out there.” 

“A competent and truly professional colleague, who showed full respect and responsiveness to our needs and to our necessity to solve specific problems. Although very busy, he was all the time there for us and never abandoned our core issues to the firm's associates.” 

“Great knowledge of the market practices, deep legal expertise and strong negotiation skills.” 

“They know 100% their Job. they have the full package that we are looking to have as a large scale business.” 

 

Panagiotis Tsangaris 

“Professional, multi functional and diligent.” 

 

Tatyana Passiadou 

“Responsiveness, politeness, knowledge and effectiveness.” 

Ioannides Demetriou

Ioannides Demetriou is a full-service firm with offices in Nicosia and Limassol. The firm employees 19 legal professionals, seven of which are partners. It has international reach through its membership to legal alliances TerraLex, Meritas, LegaLink and Energy Law Group. 

 

Focusses / specialisms 

The firm is active banking and finance and M&A. It often advises as local counsel on cross border deals. 

 

Key clients 

Some of the firm’s key clients include the Apollo Investment Fund and Hellas Direct Insurance 

 

Research period review: 30th edition (2019/2020)  

The firm was active in banking, M&A and restructuring in the research period. 

In banking work the firm advised borrowers on multicurrency financing and series B financing and advised lenders on refinancing and new financing. It also worked for debtors on financial restructuring.  

The firm was active in M&A advising buyers and sellers on deals in the banking and insurance sectors and advising clients in selling shareholdings in the tourism sector. 

In restructuring work the firm advised the state on reforming the current regulations on insolvency in the banking sector. 

 

Deal highlights: 30th edition (2019/2020) 

Hellas Direct Insurance €7 million series B financing  

NKS Group financial restructuring 

 

Client feedback: 30th edition (2019/2020) 

Banking 

“The firm analyses the various provisions of an agreement taking into consideration both legal and commercial issues. They also have good knowledge and understanding of the relevant legislation as well as the norms and practices of the local market.” 

 

Christina Ioannidou 

“Very analytical, views problems from all different angles, delivers work on time and is able to communicate opinions in understandable terms.” 

Patrikios Pavlou & Associates

Established in 1963, Patrikios Pavlou & Associates is a full-service firm based in Limassol that employs 32 legal professionals.  

 

Focusses / specialisms 

The firm is active across the areas of financial and corporate work but is known for advising lenders on banking and financing work. 

 

Key clients 

The firm often advises international banks and another key client is real estate developer LSR Group. A number of its clients are based in Russia.  

 

Research period review: 30th edition (2019/2020) 

During the research period the firm was active in banking, capital markets, M&A and projects. 

The firm was particularly active in banking, advising lenders in cross border financing and refinancing. It often advised multinational banks.  

The firm advised on both debt and equity capital markets mandates, advising an issuer in a secondary public offering and issuers in bond issues.  

The firm was active in M&A, advising in cross border and local mergers, as well as the sale of shares for private equity firms.  

In project development work the firm advised developers on a real estate development.  

 

Deal highlights: 30th edition (2019/2020) 

LSR Group MICEX-RTS / LSE secondary share issue 

 

Client feedback: 30th edition (2019/2020) 

Asset finance 

“Accurate advice and professionalism.” 

 

Banking 

“Fast, good knowledge of Cyprus law and good pricing.” 

“Professional, efficient, accommodating, market oriented and flexible.” 

 

M&A 

“Proactivity, response time and attention to client needs.” 

“The firm has a good expertise and experience in Cyprus, especially on corporate matters. It is very client oriented.” 

 

Private equity 

“The firm are fast and reliable.” 

 

Project finance 

“They were always available when needed, very responsive and adaptive. It was pleasure to work with them.” 

“Professionalism, organisation and responsiveness. They provided legal expertise, offering precise and clear legal advice.” 

 

Elena Georgiou 

“Talented, fast responding, good knowledge of Cypriot law and English language.” 

“Responsive, professional and always available.” 

“Elena is professional.” 

“Always available, responsive, has good legal expertise and a problem solving approach.” 

 

Lia Iordanou Theodoulou 

“Professional, looking at details and responsive to the requests.” 

“Lia is creative and proactive in finding solutions to client's needs. This is only possible because it is built on the basis of deep professional expertise and extensive experience.” 

 

Stella Strati & Angelos Onisiforou 

“Very responsive, professional and legal expertise.” 

Soteris Pittas & Co

Soteris Pittas & Co is a boutique based in Limassol that employs 10 lawyers including three consultants.  

 

Focusses / specialisms 

The firm is broadly active in financial and corporate work and is experienced in M&A transactions. It often advises as local counsel on cross border deals involving Cypriot targets or securities. 

 

Key clients 

The firm advised the Russian bank Sberbank. 

 

Research period review: 30th edition (2019/2020) 

During the research period the firm was active in banking, M&A, and restructuring.

In banking the firm advised borrowers in ongoing project financing and advised lenders on financings.  

In M&A the firm assisted investors in corporate investments, advised on the acquisition of shares for buyers, assisted in takeovers and in the incorporation of SPVs in Cyprus.  

The firm also advised on businesses on restructuring corporate and financial structures.  

 

Deal highlights: 30th edition (2019/2020) 

Wyndham Hotel and Resorts restructuring   

 

Client feedback: 30th edition (2019/2020) 

M&A 

“The company's employees are very professional and client-orientated.” 

 

Soteris Pittas 

“Mr. Pittas is an excellent litigator, and the most positive attribute of the firm is its speed.” 

“Good speed and deep knowledge in the field of practice.” 

Michael Kyprianou & Co

Established in 1991, Michael Kyprianou & Co is a full-service firm Cypriot firm with offices across in Nicosia, Limassol and Paphos. It has international branches in Athens, Thessaloniki, Birkirkara, Dubai, Kiev and London and is part of legal networks including Multilaw, World link, IFG, NETLAW Referral network, and China Go Abroad. 

 

Focusses / specialisms 

The firm is active in banking and finance, M&A and restructuring, and is experienced in cross border financing work as local counsel. 

 

Key clients 

The firm’s clients include multinational banks present across Europe. 

 

Research period review: 30th edition (2019/2020) 

The firm was active in banking and M&A during the research period. 

In banking work the firm broadly advised lenders in syndicated, project and shipping financing, working on in both cross border and domestic deals. It firm also advised borrowers in some financing mandates. 

In M&A the firm advised on the buy side of the acquisition of Cypriot securities, as well as advising sell side on real estate acquisitions. 

 

Client feedback: 30th edition (2019/2020) 

Banking 

“Excellent, precise work, immediate responses and efficient assistance with all necessary local requirements.” 

“They are very prompt and proactive.” 

“Our experience is that there is always a prompt and clear response. The service is punctual and very professional. Always providing a complete advice and assisting an all manners necessary.” 

 

M&A 

“The firm provides an excellent quality of service, is very responsive, provides very good value for money and overall is a firm you can rely on and pleasure to work with.” 

“Very responsive; respects timelines and gives very reliable advice.” 

 

Ioanna Solomou 

“Very professional, has great legal skills, provides clear and practicable advice, as well as prompt and clear responses.” 

 

Kyriakos Constantinou 

“Very responsive and reliable.” 

 

Lorena Charalambous 

“They are outstanding professionals and very good people to be working with. Very responsive, always provide clear and helpful advice, manage legal budgets very diligently.” 

“Very client-oriented and helpful in resolving problems.” 

 

Tonia Antoniou 

“Responsive, efficient and hard working.” 

“They are outstanding professionals and very good people to be working with. Very responsive, always provide clear and helpful advice, manage legal budgets very diligently.”