Partners

Ioannis T. Economou

MANAGING PARTNER
About Ioannis

Ioannis is considered a stellar litigator. Among his key achievements, he successfully secured an unprecedented freezing order against a state in a multi-million-euro arbitral award recognition proceeding. He pioneered with his team the application of the House of Lords' judgment in R. v. Preddy [1996] W.L.R. 255, setting new precedents in criminal legal practice. Ioannis expertly handles interim injunctions and complex disputes involving up to half a billion euros, consistently delivering outstanding results for his clients.

With extensive experience in complex cross-border corporate and commercial disputes, Ioannis has successfully led numerous high-profile litigation projects. He regularly appears before courts of all levels, representing prestigious clients including global financial institutions, high-tech conglomerates, private equity funds, international investment firms, and major biotechnology, natural resource, digital technology, and security companies, as well as high-net-worth individuals and entrepreneurs.

Ioannis has a proven track record in multi-million-dollar international fraud and conspiracy cases, fraudulent transfers, intricate contractual and shareholder disputes, and significant insolvency and large-scale arbitration proceedings. His deep understanding of corporate law and exceptional drafting skills have been instrumental in achieving practical solutions and favourable settlements for his clients.

Beyond litigation, Ioannis advises on various non-litigious matters, including antitrust and competition, cross-border investment, restructuring, enforcement of security, corporate insolvency, personal bankruptcy, receivership proceedings, legal capacity opinions, and due diligence reports. His broad legal expertise consistently delivers successful outcomes for clients facing complex disputes.

Track Record/Dispute Resolution
  • Obtained a worldwide freezing order exceeding 500 million Euro on behalf of a United Arab Emirates company.
  • Defended a high-net-worth private client in a complex cross-border action with a claim totalling 135 million USD.
  • Facilitated the recognition of a LCIA arbitral award worth approximately half a billion Euro on behalf of a Luxembourg-based entity.
  • Successfully acted for a multinational company in the telecommunications and software-enabled mobile market solutions industry within a multi-million-dollar derivative action.
  • Effectively managed a cross-border conspiracy and fraud proceeding, leading to a damages claim surpassing 11 million Euro.
  • Represented a Cyprus company in a cross-border conspiracy and fraud action, securing damages against multiple defendants in excess of 9 million Euro.
  • Obtained a landmark prohibitory order on behalf of a world-renowned Cyprus financial institution prohibiting the dissemination of defamatory publications.
  • Secured an ex-parte worldwide freezing order amounting to 17 million USD against multiple foreign defendants on behalf of Midland Group.
  • Handled numerous multimillion construction disputes, obtaining various types of interim relief for his clients.
  • Successfully obtained numerous disclosure orders against financial institutions and service provides, aiding to the uncovering of fraud.
  • Successfully obtained various types of urgent interim relief for high-net-worth clients and multinational corporations.
  • Effectively adjudicated numerous winding-up petitions and insolvency proceedings on behalf of international funds, foreign financial institutions, and investment firms.
  • Acquitting his clients in a serious theft case while applying for the first time the ratio of the fundamental House of Lords judgment in the case of R. v. Preddy [1996] W.L.R. 255.
Track Record/Corporate
  • Collaborated with UK legal counsel to advise a multinational group of companies on optimizing their Group structure, ensuring comprehensive consideration of legal and tax implications.
  • Conducted meticulous due diligence on the legal standing of a Cypriot company, facilitating loan facilities totalling 25 million EUR.
  • Offered expert guidance to a multinational conglomerate on navigating the intricate implications of international sanctions regimes.
  • Successfully negotiated a high-stakes settlement on behalf of a German company concerning the controversial mobile deactivation system in Cypriot prisons.
  • Advised a foreign bank on addressing significant instances of misconduct by its former shareholders, including navigating losses amounting to hundreds of millions.
  • Supported a major investment firm in meeting stringent regulatory requirements to obtain authorization as a Cyprus Investment Firm.
  • Led multiple court proceedings, providing robust legal support to an international group of companies owning a steel factory, addressing critical insolvency issues and shareholding disputes.
  • Delivered tailored advice to numerous high-net-worth individuals and Cypriot entities, helping them understand and manage the complex implications of the sanctions regime.
Qualifications
  • Cyprus Bar Association since 2016
  • Famagusta Bar Association since since 2016
  • Director of Cyprus Mediation and Arbitration Centre since 2023
  • Accredited Mediator (Ministry of Justice) since 2024
  • Contributor to the World Justice Project since 2022
  • Member of International Compliance Association since 2024
  • Compliance Officer (ICA certificate in AML) since 2024
Publications
  • Litigation Dispute Resolution Comparative Guide (Mondaq)
  • Enforcement of Foreign Judgments (Mondaq)
  • Enforcement of Judgments (Chambers and Partners)

Eleftherios T. Economou

SENIOR PARTNER
About Eleftherios

Eleftherios Economou completed his law studies at the Queen Mary University of London, graduating with LL.B. honours in 2019. He was awarded with the Cambridge University Press Prize in 2019 for academic excellence in competition law.

Eleftherios has extensive experience in cross-border commercial and financial disputes, having led several significant litigation cases. He frequently appears before all levels of Cypriot courts, advocating for a distinguished clientele that includes global investment firms, private equity funds, high-net-worth individuals, payment institutions, and various businesses.

His impressive track record includes handling high-value international fraud and conspiracy litigations, fraudulent asset transfers, complex contractual and shareholder disputes, and major insolvency and arbitration proceedings.

Additionally, he has successfully managed defamation cases, including online defamation, effectively safeguarding clients' reputations from false and malicious statements.

Eleftherios also offers expert advice on various non-contentious matters, including corporate governance, intellectual property protection, commercial contracts, consumer protections compliance, antitrust and competition law.

Furthermore, he provides strategic legal guidance in mergers and acquisitions, helping businesses navigate complex regulatory frameworks and achieve their growth objectives. His commitment to excellence and comprehensive understanding of both contentious and non-contentious legal matters make him a sought-after legal advisor.

Track Record/Dispute Resolution
  • Represented a prominent payment institution and successfully obtained an ex-parte order in the context of a defamation action.
  • Represented a leading Cypriot investment firm in court proceedings, successfully setting aside judgments issued against it for the amount of 1 million euros.
  • Appeared before the Arbitration Institute of the Stockholm Chamber of Commerce in a high-net-worth case.
  • Represented a well-known telecommunications firm in Cyprus for violations of the newly introduced Consumer Protection Law of 2021.
  • Handled a wide range of high-value construction disputes, securing various forms of interim relief for clients.
  • Achieved multiple disclosure orders against financial institutions and service providers, assisting in uncovering fraudulent activities.
  • Successfully obtained various urgent interim reliefs for high-net-worth individuals and multinational companies.
Track Record/Corporate
  • Assisted in setting up a prestigious padel resort club in Cyprus, one of the first to be incorporated.
  • Assisted and advised in the setting up of a Nine West retail store in Cyprus.
  • Provided expert guidance on establishing various online gaming enterprises in Cyprus.
  • Conducted thorough due diligence on behalf of major banks in Cyprus.
  • Collaborated with Maltese legal counsel to advise a group of companies on ensuring comprehensive consideration of legal and tax implications.
  • Collaborated with Greek legal counsel on an intellectual property dispute, achieving successful result for his clients.
  • Advised multinational corporations on compliance with new regulatory frameworks, ensuring smooth business operations.
Qualifications
  • Cyprus Bar Association since 2020
  • Famagusta Bar Association since 2020
  • Contributor to the World Justice Project since 2022
  • Cambridge University Press Prize 2019 for academic excellence in Competition Law
Publications
  • Enforcement of Judgments (Chambers and Partners)
About Michalis

Michalis is an advocate with extensive experience in civil and administrative law litigation. He frequently appears before courts at all levels and has a proven track record of resolving complex disputes. Michalis also provides strategic legal advice in non-litigious matters.

His expertise covers a broad range of areas, including commercial, corporate and banking law, administrative law, employment, real estate, and inheritance law. He also has a growing interest in digital money and assets. Michalis represents clients across sectors such as financial and payment services, ICT, and the automotive industry, and has significant experience advising HNWIs and handling citizenship disputes.

In addition to his litigation practice, Michalis has a strong academic background, having taught at the University of Kent at Canterbury and the University of Central Lancashire (Cyprus Campus) in subjects including Land Law, Legal and Political Theory, and Legal Debating. He holds a PhD in Law, an LLM (by Research), and an LLB from Kent Law School, University of Kent.

Track Record/Dispute Resolution
  • Defended a banking institution against a multi-million euro claim for fraud and negligence.
  • Represented a producers’ association in annulment proceedings related to a complex competition law fine exceeding 1.5 million euros.
  • Represented an investment firm in annulment proceedings regarding the imposition of levies.
  • Acted for the liquidator in multi-million euro liquidation proceedings.
  • Represented high-net-worth individuals (HNWIs) in annulment proceedings concerning the revocation of their citizenship.
  • Represented a distribution company in arbitration proceedings involving a multi-million contractual dispute.
  • Represented banking institutions in debt recovery proceedings.
Track Record/Corporate
  • Negotiated a multi-million euro real estate agreement.
  • Advised on a complex franchise agreement dispute.
  • Advised a hospitality company on employment matters.
  • Conducted due diligence for the sale of loan facilities from a bank to an asset management company.
Qualifications
  • Doctor of Philosophy (PhD), University of Kent (2020)
  • Master of Laws (LLM) By Research, University of Kent (2015)
  • Bachelor of Laws (LLB), University of Kent (2013)
  • Member of the Cyprus Bar Association and Nicosia Bar Association since 2021
Publications
  • The Appeal Procedure (Book Chapter), Civil Procedure Rules in Cyprus (Legal Library, expected within 2024).
  • The neutralisation of the political. Carl Schmitt and the depoliticisation of Europe (Journal of Contemporary European Studies 30.2, 363-378, 2022) Co-authored with Dr Gian-Giacomo Fusco.
  • The Legitimacy of the ECJ: Integration through law and Europe’s Neoliberal Telos (Romanian Journal of Comparative Law/Revista Romana de Drept Comparat 12.1, 2021) Co-authored with Dr Gian-Giacomo Fusco.
  • The constitutional implications of the Eurozone crisis and the case of Cyprus: How judicial review constitutionalises a scrutiny lacuna (PhD Thesis, 2020).
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