Standard post published to PN Kourtellos & Associates LLC at January 30, 2025 16:00

In Cyprus, P. N. Kourtellos & Associates LLC is a prominent firm specializing in corporate law, offering extensive global connections and industry-specific knowledge. With a team of experienced partners and junior talent, the Corporate Department at P. N. Kourtellos & Associates LLC manages a variety of corporate matters. The firm provides services such as the preparation of corporate documents, managing negotiations, transaction oversight, and filing procedures. Specializations include corporate restructuring, handling insolvency cases, liquidation processes, defense against takeovers, and resolving corporate disputes. They work closely with tax advisors to deliver cost-effective, tax-efficient corporate solutions. The firm supports clients with M&A transactions, asset acquisitions, equity sales, cross-border deals, joint ventures, and recapitalizations. They provide support on investment projects, focusing on regulatory issues, taxation, bank relations, company law, and real estate regulations. From company formation to shareholder agreements and reorganizations, P. N. Kourtellos & Associates LLC supports businesses in all development stages. Some recent transactions include the sale of a EUR 20 million hotel, a Cyprus-Dutch cross-border merger, and managing a GBP 100 million acquisition in London.

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Standard post published to PN Kourtellos & Associates LLC at January 29, 2025 16:00

Our firm collaborates with prominent clients, like regulatory bodies like the Central Bank of Cyprus, the Credit Institutions Resolution Authority, as well as the Deposit Protection and Resolution Scheme. Our firm has been involved in major cases, such as functioning as legal representatives to the Special Administrator of FBME Bank Ltd (Cyprus Branch), and advising the Cypriot Depositors Protection Scheme. These matters involve challenging litigation originating from Cyprus' insolvency and resolution regulations. We have been significantly involved in legal actions regarding the implementation of the Bank Recovery and Resolution Directive (BRRD), rights of bank depositors, and cross-border insolvency recognition. At present, we are dealing with 25+ cases before Cyprus’ courts, and are additionally representing more than 100 cases related to the resolution of Popular Bank (Laiki Bank), following the 2013 Eurogroup decisions during the Cyprus “bail-in”. We are widely known for our expertise in banking insolvency law, and we frequently advise the central regulatory authority on matters related to applicable laws. Notably, our firm has set important precedents, such as representing one of only two Norwich Pharmacal cases heard by the Supreme Court, and overseeing precedent-setting winding-up proceedings against Orfanides Plc, one of Cyprus' largest supermarket chains.

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Standard post published to PN Kourtellos & Associates LLC at January 28, 2025 16:01

Cyprus, a former British colony until 1960, gained independence and maintained much of the English legal system. Cyprus, which was once a British colony until its independence in 1960, preserved many elements of the English legal system. The current legal framework is rooted in several sources: the Constitution of the Republic of Cyprus, laws retained by Article 188 of the Constitution, common law and equity principles, and laws enacted by the House of Representatives. Today, Cyprus' legal system is based on various sources including the Constitution, laws retained under Article 188, common law principles, and those passed by the House of Representatives. Cyprus' accession to the European Union in 2004 introduced significant changes.
Major changes were made after Cyprus joined the European Union in 2004. The Constitution was amended to establish the supremacy of European law over both national legislation and the Constitution. Amendments to the Constitution made European law take precedence over national laws. This amendment, enacted in 2006, added Article 1(A), ensuring that no constitutional provision could override binding European Union laws, regulations, or directives. By 2006, Article 1(A) was added to the Constitution, ensuring no constitutional clause could overrule EU laws or directives.

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Standard post published to PN Kourtellos & Associates LLC at January 27, 2025 16:00

The firm’s legal experts is experienced in dealing with complicated legal cases, with a focus on white-collar crime and fraud in business. Their proficiency covers giving legal assistance in situations where assets are frozen or confiscated during fraud probes, and they are highly skilled in commercial agreements, company law, procedures, and accounting standards. The primary areas of their practice cover fraudulent activities, money laundering, and fraud conspiracies, conflicts with the Cyprus Securities and Exchange Commission, and restraint proceedings. The firm has achieved notable success, particularly in representing a Defendant-Respondent in a well-known legal dispute involving fraud and conspiracy claims from parties linked to Rusal, a leading aluminium producer worldwide. They secured a judgment blocking the use of confidential files obtained illegally, which created a precedent in law. This case was also about safeguarding the interests of a Cyprus Bank and established important legal standards regarding the handling of confidential documents both within and outside of the jurisdiction.

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Standard post published to PN Kourtellos & Associates LLC at January 26, 2025 16:00

We specialize in international arbitration and alternative dispute resolution, providing a full range of services to individual and business clients at all stages of the arbitration and mediation process. Our expertise extends to local and global cases, providing guidance, representation, and legal counsel during settlements, arbitral proceedings, trial advocacy, and the challenge and enforcement of arbitral awards.

Our team have expertise in handling various cases, including full advocacy and counseling services, creating arbitration and mediation agreements, and resolving conflicts related to agreements, corporate partnerships, construction, workplace issues, franchise operations, and property. We help clients with contract disputes, negotiation, and evaluating contracts, ensuring their interests are protected. Additionally, we draft conflict resolution clauses and handle mediation cases effectively.

Our firm equipped to handle complicated cases in both arbitration and mediation, working toward positive results for our clients in various sectors.

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Standard post published to PN Kourtellos & Associates LLC at January 25, 2025 16:00

Our legal team specializes in business and complex business dispute resolution, covering a wide range of law-related disputes. This covers disagreements among shareholders, company leadership conflicts, partnership disagreements, allegations of fraud and conspiracy, and breach of fiduciary duties.

With a focus on prominent cases, we advocate for clients in both the regional court and the highest court of Cyprus, achieving notable legal successes, particularly in areas like tracking assets, privacy, and cross-border fraud cases.

Our litigation expertise extends to multinational projects involving international commercial arbitration, bankruptcy cases, locating assets, and anti-hostile takeover defenses. We craft cross-border strategies for clients to reclaim misappropriated assets and resolve business fraud cases.

Among recent successes, our firm achieved Cyprus's first digital information release against MetaQuotes Software. This decision permitted an IT expert to investigate the company’s data and servers. Additionally, we obtained a asset freeze against Gazprombank concerning misappropriation of shares and breaches of contract, and we countered interim fraud claims filed in a dispute involving Eurochem Russia.

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Standard post published to PN Kourtellos & Associates LLC at January 24, 2025 16:00

P. N. Kourtellos & Associates LLC specializes in sophisticated corporate disputes, achieving landmark victories in areas such as disclosure of sensitive information, confidentiality, asset tracing, and corporate insolvency.

The firm handles cases for elite clients, including government regulatory bodies and public bodies like the Central Bank of Cyprus and the Credit Resolution Authority.

The firm has participated in some of Cyprus' major legal battles, including acting as legal counsel to the designated Special Administrator of FBME Bank Ltd (Cyprus Branch).

They provide services across various legal areas, including corporate lawsuits, insolvency proceedings, property law, and additional legal fields.

Their group of lawyers, headed by experienced partners such as Dr. Pavlos Neofytou, possesses significant knowledge in business disputes.

Their practice areas include shareholder conflicts, governance issues, officers’ liability, Fraud Claims, and Minority Shareholders' Protection.

They provide assistance with domestic and international arbitration and mediation.

The firm functions with flexibility and a focus on delivering personalized service through minimal overhead.

With a motto of "Facta non Verba" (let actions speak), P. N. Kourtellos & Associates is recognized for being adaptive and credibility, competing with large law firms.

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