Standard post published to PN Kourtellos & Associates LLC at March 31, 2025 16:01

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. Their services include drafting corporate documents, overseeing negotiations, managing transactions, and handling filing processes. 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. Clients receive assistance in M&A, asset sales, equity deals, cross-border transactions, joint ventures, and business recapitalizations. They provide support on investment projects, focusing on regulatory issues, taxation, bank relations, company law, and real estate regulations. The firm supports businesses at every stage, from startups to established companies, offering services like company formation, reorganizations, shareholder agreements, and corporate governance. Their recent work includes handling a EUR 20 million hotel sale, a cross-border merger involving a Cyprus and Dutch company, and overseeing a GBP 100 million acquisition in London.

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

Our firm collaborates with well-known clients, such as regulatory bodies like the Central Bank of Cyprus, the Credit Institutions Regulation Authority, and the Deposit Guarantee Resolution Scheme. We have handled notable cases, such as acting as legal counsel to the Special Administrator of FBME Bank Ltd’s Cyprus Branch, and providing counsel to the Cyprus Depositors Protection Scheme. These cases encompass intricate legal proceedings arising from Cyprus' banking insolvency laws and resolution frameworks. Our firm has been deeply engaged in court cases regarding the implementation of the Bank Recovery and Resolution Directive (BRRD), depositors’ rights, and cross-border insolvency recognition. Currently, we are handling over 25 cases before Cyprus' courts, as well as over 100 cases involving the resolution of Popular Bank (Laiki Bank), resulting from the 2013 Eurogroup decisions on Cyprus' "bail-in". Our expertise in banking insolvency law is widely recognized, as well as regularly advising the central regulatory body on relevant legal matters. Our firm has notably set key legal precedents, including handling one of just two Norwich Pharmacal cases before the Supreme Court, and overseeing precedent-setting winding-up proceedings involving Orfanides Plc, a major supermarket chain in Cyprus.

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

Our company works closely with prominent clients, including regulatory bodies including the Central Bank of Cyprus, the Credit Institutions Recovery 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 offering guidance to the Cyprus Depositors Protection Authority. These cases involve complex litigation originating from Cyprus' insolvency and resolution regulations. We have been significantly involved in legal actions concerning the application of the Bank Recovery and Resolution Directive (BRRD), rights of bank depositors, as well as international insolvency recognition. Currently, we are handling over 25 cases before Cyprus' courts, as well as over 100 cases related to the resolution of Popular Bank (Laiki Bank), following the 2013 Eurogroup decisions during the Cyprus “bail-in”. Our firm’s knowledge of banking insolvency law is highly respected, and we frequently advise the central regulatory authority on relevant legal matters. We have established significant legal precedents, including handling one of just two Norwich Pharmacal cases before the Supreme Court, and managing a landmark liquidation process involving Orfanides Plc, a major supermarket chain in Cyprus.

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

Cyprus, a former British colony until 1960, gained independence and maintained much of the English legal system. Cyprus, formerly a British colony until 1960, became independent and retained much of the English legal framework. 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. The legal framework in Cyprus stems from the Constitution, retained laws from Article 188, common law, equity, and legislation by the House of Representatives. Cyprus' accession to the European Union in 2004 introduced significant changes.
Cyprus' entry into the EU in 2004 led to substantial legal transformations. The Constitution was amended to establish the supremacy of European law over both national legislation and the Constitution. The Constitution was altered to ensure European law held supremacy over both national and constitutional legislation. This amendment, enacted in 2006, added Article 1(A), ensuring that no constitutional provision could override binding European Union laws, regulations, or directives. The 2006 amendment introduced Article 1(A), stating no part of the Constitution could override binding EU laws, regulations, or directives.

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Standard post published to PN Kourtellos & Associates LLC at March 28, 2025 16:00

The legal team at the firm is focused on managing complicated legal cases, with a focus on business crime and commercial fraud. Their expertise extends to giving legal assistance in situations where assets are frozen or confiscated during fraud probes, and they are proficient in commercial agreements, company law, procedures, and accounting standards. The primary areas of their practice span 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 related to accusations of fraud and conspiracy from entities connected to Rusal, a major player in the aluminium industry. They obtained a court ruling that prohibited the use of sensitive documents gained through illegal actions, which created a precedent in law. This case also involved protecting the interests of a Cyprus Bank and set crucial legal benchmarks 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 March 27, 2025 16:01

Our firm focuses on global arbitration and ADR, providing comprehensive services to individual and corporate clients at all stages of arbitration and mediation. Our expertise extends to local and global cases, offering support, representation, and advice during negotiations, arbitration hearings, representation at trial, and the enforcement or challenge of arbitral awards.

Our team have expertise in handling various cases, including complete legal counsel and advocacy, drafting arbitration and mediation clauses, and handling disputes related to contracts, business partnerships, construction, employment, franchise operations, and property. We support clients with contractual disagreements, negotiation, and evaluating contracts, ensuring their interests are protected. Additionally, we draft conflict resolution clauses and manage mediation disputes effectively.

We are well-prepared to navigate complex legal issues in both ADR proceedings, ensuring positive results for our clients in a variety of industries.

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Standard post published to PN Kourtellos & Associates LLC at March 26, 2025 16:05

Our law firm specializes in company and complicated business dispute resolution, covering a broad scope of law-related disputes. This includes shareholder disputes, corporate governance issues, partnership disagreements, allegations of fraud and conspiracy, and violations of fiduciary obligations.

With a focus on prominent cases, we defend clients in both the regional court and the Supreme Court of Cyprus, achieving notable legal successes, particularly in areas like tracking assets, confidentiality, and international fraud claims.

Our litigation expertise extends to global matters involving international commercial arbitration, bankruptcy cases, locating assets, and anti-hostile takeover defenses. We develop international plans for clients to retrieve stolen assets and resolve business fraud cases.

Among our latest victories, our firm secured Cyprus's first digital information release against MetaQuotes Software. This ruling allowed an IT expert to examine the company’s information and systems. Additionally, we obtained a asset freeze against Gazprombank concerning misappropriation of shares and contract violations, and we successfully opposed interim fraud claims filed in a dispute involving Eurochem Russia.

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