Firm / Organisation

A.G. Erotocritou LLC

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This content is provided by A.G. Erotocritou LLC.

Number of partners: 2
Number of lawyers: 11
Languages: Chinese, English, French, Greek, Russian, Ukranian

Firm Overview:
A.G. Erotocritou LLC, a top tier multi awarded law firm in Cyprus, 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 international litigation (with an emphasis on commercial cross-border disputes) and arbitration, corporate and M&A, banking and finance, restructuring and insolvency, shipping, real estate, financial services and products, technology and e-commerce, immigration, 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 academic credentials and professional qualifications. The firm has, effectively, secured clients ranging from large banking institutions and international conglomerates to high net worth individuals.

Main Areas of Practice:
-Banking & Finance
-Corporate & M&A
-Data Protection
-Financial Services & Products
-Immigration & Citizenship Law
-Private Client
-Real Estate
-Restructuring & Insolvency
-Shipping, Admiralty & Marine Insurance
-Technology & E-commerce

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 four 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

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.
■Recently acted for a major Russian Bank on a multimillion loan facility secured by a corporate guarantee issued by the Cypriot guarantor in favour of the Bank ■Acted recently for the lenders’ on the refinancing of a secured facility exceeding $350 million to one of the largest international agricultural companies

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
■Acting for a major multinational corporation in relation to a debt restructuring in excess of 700m USD
■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, Google and Varian Inc. on various data protection related issues in connection with the processing and transfer of personal data Financial Services: The firm has the expertise to advise some of the largest players in the industry on a wide range of regulatory and compliance issues, including permissibility of activities, regulatory processes, enforcement risks and trends. The firm can also advise on all stages of setting up / operating your regulated vehicle. Capital markets is also a field that the firm assists clients with, particularly in listings of securities on the primary or secondary market of the Cyprus Stock Exchange, public offerings and other related matters.

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 administration of trusts, banking, estate planning, real estate, wills and probate.
Recent deals include:
■Ongoing support with one of the largest immigration agencies globally and continuous advice to a plethora of HNWI from Middle East, Asia and Africa in relation to their investment in Cyprus in real estate and financial assets. Amongst others, the team has facilitated the purchase of multimillion worth real estate and Governmental Bonds of the Republic of Cyprus

Restructuring & Insolvency:
The firm is highly specialised in complex multijurisdictional restructurings and insolvencies with dedicated resources in the key European jurisdictions.
■The firm recently prepared and promoted in Cyprus the highly contested 700m USD complex debt restructuring of a multinational group between the company and its creditors. The scheme was approved by the creditors and it is, undoubtedly, the largest ever restructuring (both in terms of value and complexity) which has ever taken place in Cyprus

Shipping, Admiralty & 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.
■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