Chairman: Antis Triantafyllides
Partners: Antis Triantafyllides, George Triantafyllides and Stelios Triantafyllides
Number of partners: 3
Number of lawyers: 35
Languages: Bulgarian, English, French, German, Greek, Russian
The law firm of Antis Triantafyllides & Sons LLC was founded in 1955. It is one of the oldest and best established law firms in Cyprus providing high quality legal services in all areas of law to corporations, institutions, government entities and high-net-worth individuals. The firm’s main practice focuses on domestic and international corporate and banking and finance law, and also boasts one of the strongest litigation teams in the country and a leading tax department. The firm currently employs 72 members of staff, including 35 lawyers and legal consultants. Antis Triantafyllides, the founder of the firm, was the Cyprus member of the Court of Arbitration of the International Chamber of Commerce throughout the greater part of his legal career.
Main Areas of Practice:
Banking & Finance:
The firm’s highly experienced Banking & Finance team handles secured and unsecured lending, international high-value financing and refinancing transactions, including project financing, syndicated, subordinated and mezzanine financing, and related securities such as share pledges, floating charges and financial collateral. The firm regularly advises on compliance and banking regulatory and licensing requirements, ISDA agreements and related products, asset preservation and security enforcement and procedures. The highly experienced members of the team bring the wealth of their experience to the department making it one of the strongest in the country. The firm advised Hellenic Bank Public Company Ltd on the acquisition of assets and liabilities of the second largest bank in Cyprus, the ex-Cyprus Cooperative Bank, involving mainly the performing banking business of the latter. The firm also advised the participating banks through the Association of Cyprus Banks and the ex-Cyprus Co-operative Bank on the setting up and implementation of the Estia Scheme and their negotiations with the Republic of Cyprus; a project the matter value of which amounts the EUR 3.4 billion. In addition, the firm provided legal assistance on Cyprus law matters to part of the lenders financing the acquisition of the loan portfolio (consisting mainly of nonperforming loans of a total value of EUR 2.8 billion) by Apollo Global Management LLC.
The Capital Markets practice of the firm specialises in debt and equity capital markets, derivatives and structured finance, securitisation, corporate trust and agency. The firm’s team regularly acts on public offerings on regulated and non-regulated markets internationally and locally, as well as private placements, Eurobond issues, reverse takeovers, acting for issuers, underwriters and lenders. The firm advised HeadHunter Group PLC, the leading online recruitment platform operating in Russia and the Commonwealth of Independent States, in connection with the USD 253 million initial public offering of its 18,750,000 American Depositary Shares representing 18,750,000 Ordinary Shares at a price of USD 13.50.
Corporate & Company:
The Corporate department of the firm constitutes the cornerstone of its practice. The experience of the firm’s highly reputable and exceptionally specialised team is second to none in Cyprus. The department’s practice covers the formation, acquisition and sale of Cyprus companies, shareholder agreements and corporate governance issues, capital-raising transactions, public and private offerings of securities and securities law compliance, local and cross-border mergers and acquisitions, management buy-outs and earn-outs, corporate management, and re-domiciliation of companies in and out of Cyprus. The firm advised Hellenic Bank Public Company Ltd in connection with a share capital raise of EUR 150 million that was carried out by the bank in order to increase its regulatory capital position to fund the assets acquired from the Cyprus Cooperative Bank. The firm also provides ongoing legal advice and support to Cyprus Phassouri (Zakaki) Limited, member of the CNS Group, with respect to the construction of Europe’s largest casino resort in Limassol, an investment that will exceed EUR 500 million. The firm’s corporate team assisted as well with a major corporate restructuring concerning the various worldwide investments of TITAN Group. Moreover, the firm provides ongoing legal support and advice to Hennes & Mauritz since commencing operations in Cyprus in 2016.
Financial Services & Securities Regulation:
The firm has unprecedented expertise in this area of Cyprus law, and together with years of experience, leads thinking on regulatory developments in the financial and investment sectors, helping and guiding clients in lobbying on, planning for, and implementing changes as they occur. The team maintains day-to-day contact with the Cyprus Securities and Exchange Commission and is often engaged in drafting legislative amendments in these areas of law. The firm has in-depth and technical knowledge of financial services regulation laws including MiFID, MiFID II, laws regulating funds and investment collective schemes, and advises asset managers, investment banks, investment firms, and brokers/agents on fund and manager formation and distribution and crossborder regulatory issues.
Litigation, Arbitration & Mediation:
The litigation team is considered one of the best in Cyprus and covers all areas of general and commercial law. The firm offers a wide range of dispute resolution and mediation, representation of clients before all national courts and tribunals as well as domestic and international arbitration under internationally recognised arbitration bodies. The team also specialises, non-exhaustively, in interim order applications, Norwich Pharmacal orders and other types of disclosure orders, as well as freezing orders. The firm represents Privatbank in an action against PricewaterhouseCoopers Ltd for USD 3 billion for breach of statutory, contractual and fiduciary duties and responsibilities primarily in auditing financial statements and negligence. The firm also succeeded in discharging a Mareva injunction for the amount of USD 820 million issued on an ex parte basis by Raga Establishment Limited against our firm’s clients. Moreover, our firm represented the Cyprus Securities and Exchange Commission (“CYSEC”) in an appeal filed by CYSEC and the Attorney General of the Republic of Cyprus in regard to the decision of the Administrative Court finding payroll reductions imposed on civil servants as part of an austerity drive in 2012 unconstitutional, a decision that could, at best, cost the state some EUR 200 million a year.
The firm’s tax department develops effective solutions to tax problems that are both tax-efficient and practical. The firm’s tax practitioners advise on a wide range of Cypriot tax issues arising in the context of international and local transactions, including court disputes.