Andreas Erotocritou
Global Guide 2024
Band 2 : General Business Law: Dispute Resolution
Band 2
About
Provided by Andreas Erotocritou
Practice Areas
Andreas’ is a “Band 1” leading authority in the litigation sphere in Cyprus who is highly regarded and ranked by all international legal directories.
His practice focuses on cross border commercial litigation. He specialises in various fields of commercial and corporate litigation and regularly appears before the district courts and Supreme Court in Cyprus representing prominent local and international clients, mostly in complex disputes with an international dimension. Andreas has vast experience in corporate fraud and asset recovery, shareholders’ disputes, recognition and enforcement proceedings as well as in corporate insolvency and restructuring. He also has significant expertise in obtaining and defending interim injunctive relief in support of proceedings in Cyprus and elsewhere.
As noted, Andreas is consistently ranked and recognised as a leading practitioner in the dispute resolution arena by the leading international directories such as Chambers and Partners, Legal 500, BestLawyers, Who’s Who Legal and IFLR. Andreas has been described as one who “fulfils all the clients’ needs in a competent and professional manner”, as a lawyer who was “perfect and performed beyond expectations”, “dynamic & methodical”, “accurate in the execution of his work”, “a strategic thinker” and having “great commercial awareness”.
Andreas is a Barrister of the Middle Temple, and a member of, amongst others, the Cyprus Bar Association, the International Bar Association (member of the Asset Tracing Committee / Levant Representative), the International Academy of Financial Crime Litigators and the Honourable Society of Middle Temple. Andreas has authored numerous articles for publications on various topics relating to international cross-border litigation, asset tracing and civil fraud and arbitration and is a lecturer at the law department of Frederick University in Cyprus. In the past, Andreas has worked for Berwin Leighton Paisner LLP in London.
Memberships
In 2022, Andreas Erotocritou had the honour to be appointed as the country’s fellow representative at “The International Academy of Financial Crime Litigators”. https://www.financialcrimelitigators.org
In 2023, Andreas has been also appointed as an officer at the International Bar Association (IBA) newly established Asset Recovery Committee, as a representative of Mediterranean / Leviathan area. https://www.ibanet.org/officer/officerList/3462
Recent litigation cases include advising:
Instructed to act in the in the USD 840.000.000 dispute over the privatisation of a leading telecom provider in the CIS area. The dispute involved parallel proceedings in London, Cyprus and Ukraine and has attracted wide-spread press coverage, as a world-wide freezing injunction issued in Cyprus covered the personal assets of an UHNWI.
Instructed to advise a leading Russian Bank institution, in relation to the rights stemming from the enforcement of the pledge over the shares in a multinational group, which eventually lead to the sell-off of the assets of the Group.
Instructed to oppose the recognition and enforcement of an arbitral award in Cyprus, issued by the LCIA in London, in relation to a global dispute between a Russian energy company and a German utility provider, in relation to an investment the value of which exceeds 1.2 billion Euro.
Instructed to act as Cypriot counsel for a HNWI in relation to a dispute over an oil venture. Our firm offered advice on matters of Cyprus Law raised, in the main proceedings taking place before the Supreme Court of New York, and took a leading role in the Rogatory Proceedings raised in Cyprus which involved the cross examinations of key witnesses residing in Cyprus. The value of the case exceeds 2billion USD. The case was described by the Financial Times, as “the biggest oligarch legal battle in the US”.
Instructed by the global leader in the IT & Technology sector in relation to proceedings raised against key management in Cyprus.
Instructed to advice upon, structure and implement the largest ever (in terms of size and magnitude) Scheme of Arrangement between a Cyprus holding company, and its creditors, in relation to debts exceeding USD 700 million. The complex restructuring project, involved, inter alia, the defence by the company of 14 high value cases raised before the District Courts of Cyprus.
Instructed in the infamous dispute between successors of an UHNWI, who passed away resulting in a multijurisdictional dispute over his estate which is estimated to be worth over USD 4 billion.
Proceedings have been raised in various jurisdictions whilst one of the assets of the estate controlled through Cyprus is the one of the largest yacht in the world, which is subject to probate proceedings before the Cyprus Court. Following proceedings pursued in Cyprus, the firm has secured an injunction prohibiting the sale or usage of the yacht pending the determination of the inheritance dispute.
Main areas of practice
Dispute Resolution
Banking and Finance (contentious matters)
Private Client
Restructuring and Insolvency
Shipping, Admiralty and Marine Insurance
Financial Services (contentious matters)
Career
A.G. Erotocritou LLC
Leading boutique litigation firm in Cyprus
Berwin Leighton Paisner LLP
Professional Memberships
Barrister of the Middle Temple
Cyprus Bar Association
IBA: Country’s representative of the “The International Academy of Financial Crime Litigators”
Officer of the newly established IBA Asset Recovery Committee / representative of the Committee in Mediterranean/Leviathan region
Publications
Recent publications
Lexology - Getting the Deal Through: Asset Tracing (Cyprus Chapter) 2020-2024
Lexology - Getting the Deal Through: Dispute Resolution 2017-2024
Lexology - Litigation (Cyprus Chapter)
Cyprus chapter of CDR - Fraud, Asset Tracing & Recovery 2021-2024
ICLG - Asset Tracing Cyprus Chapter
ICLG - Dispute Resolution Cyprus Chapter
Andreas has previously contributed several publications including the country chapter for Reuters, ICLG, etc
Clients
Samsung
Amazon AWS
Kuehne + Nagel
Marsh
Marriott
Primetel PLC (Cyprus)
Nostira Renewable Energy (Mediterranean Region)
Grecian Group
KPMG (Cyprus)
Cyprus Shipping Association
Fluence Corporation (Israel)
Alter Domus
Quantum Pacific Group (Global)
Finstella
Orphanos Group
Pandomus Group
CapitalXtend
Eureka
Jonsof
Wojnar
Languages Spoken
Greek
English
Chambers Review
Global
Climbing the rankings is Andreas Erotocritou, who assists clients with a range of corporate and commercial litigation matters, including shareholder disputes. He also acts on asset tracing and cases arising out of bankruptcy proceedings.
Strengths
Provided by Chambers
"Andreas Erotocritou does not hesitate to present his legal opinion and make a difficult decision in order to protect the long-term and broader interests of his clients."
"Andreas Erotocritou has a great approach to problem handling and solving."
"Andreas Erotocritou does not hesitate to present his legal opinion and make a difficult decision in order to protect the long-term and broader interests of his clients."
"Andreas Erotocritou has a great approach to problem handling and solving."