Ioannis T. Economou

MANAGING PARTNER
About Ioannis

Ioannis is the Managing Partner of the firm and leads its disputes and strategic advisory practice. He has acted in significant matters including the securing of an unprecedented freezing order against a state in proceedings for the recognition of a multi-million-euro arbitral award. He also acted with his team in pioneering the application of the House of Lords’ decision in R. v. Preddy [1996] W.L.R. 255 in criminal proceedings.

His recent work includes the recognition in Cyprus of an international arbitral award exceeding USD 110 million, acting for the successful applicant in a €1 billion dispute involving Norwich Pharmacal and freezing relief, and securing a liquidation order of approximately EUR 2 billion in one of the more substantial insolvency matters to come before the Cypriot courts.

His practice focuses on complex cross-border commercial litigation, fraud and conspiracy claims, shareholder disputes, insolvency-related proceedings and arbitration-related court work. He acts for financial institutions, investment firms, multinational businesses, corporate groups, technology companies, entrepreneurs and high-net-worth individuals in substantial multi-jurisdictional matters requiring strategic judgment, procedural precision and speed of execution.

In addition to his disputes practice, Ioannis advises on corporate and regulatory matters connected with restructurings, sanctions, security enforcement, due diligence, insolvency and cross-border investment. His practice combines contentious depth with commercial perspective, particularly in mandates where legal risk and business strategy must be managed in parallel.

Track Record / Dispute Resolution
  • Acted for the successful applicant in a €1 billion dispute, obtaining Norwich Pharmacal and freezing relief in aid of tracing assets allegedly misappropriated through an international fraud scheme.
  • Secured recognition in Cyprus of an international arbitral award exceeding USD 110 million in one of the first arbitration-related applications to be examined under the Civil Procedure Rules 2023 framework.
  • Represented eight defendants, together with leading counsel Marcos Dracos KC, in one of the first major disputes before the Cypriot courts involving crypto tokenisation in commodity trading, successfully discharging an ex parte freezing order in a USD 50 million claim.
  • Obtained a worldwide freezing order exceeding EUR 500 million on behalf of a United Arab Emirates company.
  • Successfully represented a leading electronic money institution in online defamation proceedings in which ex parte interim injunctions were rendered absolute pending trial following the dismissal of an extensive opposition.
  • Acted in proceedings resulting in the recognition and enforcement in Cyprus of a foreign arbitral award of approximately USD 19 million against a sovereign state, in a judgment marking the first substantive examination by a Cypriot court of state immunity in the arbitration context.
  • Secured a landmark judgment validating claims of approximately EUR 40 million in insolvency proceedings before the Cypriot courts.
  • Acted for a high-net-worth individual in a complex cross-border action valued at USD 135 million.
  • Secured a liquidation order of approximately EUR 2 billion in one of the more substantial insolvency matters to come before the Cypriot courts.
  • Acted in proceedings for the recognition of an LCIA arbitral award of approximately EUR 500 million on behalf of a Luxembourg-based entity.
  • Secured validation of debt claims exceeding USD 500 million before the Cyprus Registrar.
  • Successfully defended clients in a serious theft case, relying on the reasoning in R. v. Preddy [1996] W.L.R. 255.
Track Record / Corporate
  • Advised, alongside UK counsel, a multinational group of companies on group structuring, taking into account legal and tax considerations.
  • Conducted legal due diligence on the standing of a Cyprus company in connection with loan facilities totalling EUR 25 million.
  • Advised multinational conglomerates on the implications of international sanctions regimes.
  • Negotiated a significant settlement on behalf of a German company in relation to the mobile deactivation system used in Cypriot prisons.
  • Advised a foreign bank in relation to alleged misconduct by former shareholders in a matter involving losses of hundreds of millions.
  • Advised a major investment firm on the regulatory requirements for authorisation as a Cyprus Investment Firm.
  • Led proceedings for an international group owning a steel factory in connection with insolvency issues and shareholder disputes.
  • Advised high-net-worth individuals and Cyprus entities on the legal and practical implications of sanctions regimes.
Qualifications
  • Cyprus Bar Association, since 2016
  • Famagusta Bar Association, since 2016
  • Director, Cyprus Mediation and Arbitration Centre, since 2023
  • Accredited Mediator, Ministry of Justice, since 2024
  • Contributor, World Justice Project, since 2022
  • Member, International Compliance Association, since 2024
  • Compliance Officer, ICA Certificate in Anti-Money Laundering, 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 whose practice centres on complex civil and administrative disputes, with particular experience in administrative, employment and succession matters, alongside a broader advisory dimension across commercial and corporate work. He appears before the Cypriot courts and advises on matters that sit at the intersection of litigation risk, regulatory scrutiny and commercial strategy.

His work spans commercial and corporate disputes, administrative and regulatory law, employment and succession. He regularly advises on employment law matters, including post-termination disputes, employee mobility and cross-border workforce issues, as well as questions arising in the context of inheritance and estate structuring.

He acts for institutions, corporates and high-net-worth individuals, including clients operating in financial and payment services, ICT and other regulated sectors.

Alongside his disputes practice, Michalis advises on non-contentious matters where legal analysis and commercial judgment must align. His experience across litigation and advisory mandates allows him to approach issues with a clear view of legal position, execution risk and longer-term strategy.

He also brings a strong academic foundation to his practice. Before entering practice, he taught at the University of Kent and the University of Central Lancashire (Cyprus Campus), covering Land Law, Legal and Political Theory, and Legal Debating. He holds a PhD in Law, an LLM by Research and an LLB from the University of Kent.

Track Record / Dispute Resolution
  • Represented high-net-worth individuals in annulment proceedings arising from the revocation of citizenship.
  • Represented a producers’ association in annulment proceedings concerning competition law fines of €1.5 million and €2.1 million.
  • Represented a company director in annulment proceedings challenging a fine imposed by the Cyprus Securities and Exchange Commission.
  • Represented a financial advisory firm in a dispute concerning breaches of confidentiality.
  • Acted for the liquidator in multi-million euro liquidation proceedings.
  • Acted in arbitration proceedings concerning a multi-million euro contractual dispute for a distribution company.
Track Record / Corporate
  • Advised a car rental company on the international expansion of its operations.
  • Advised a financial advisory firm on strengthening its confidentiality framework, including the drafting of revised confidentiality agreements.
  • Advised high-net-worth individuals and Cyprus entities on the legal and practical implications of sanctions regimes.
  • Negotiated a multi-million euro real estate transaction.
  • Advised on a franchise dispute involving complex contractual issues.
  • Advised a hospitality company on employment matters.
  • Conducted due diligence in connection with the sale of loan facilities by a bank to an asset management company.
Qualifications
  • PhD in Law, University of Kent, 2020
  • LLM by Research, University of Kent, 2015
  • LLB, University of Kent, 2013
  • Admitted to the Cyprus Bar, 2021
  • Member, Cyprus Bar Association
  • Member, Nicosia Bar Association
Publications
  • The Appeal Procedure, in Civil Procedure Rules in Cyprus (Legal Library, 2025)
  • Enforcement of Foreign Judgments (Mondaq)
  • Enforcement of Judgments (Chambers and Partners)
  • The neutralisation of the political: Carl Schmitt and the depoliticisation of Europe, Journal of Contemporary European Studies, Vol. 30, No. 2, 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, Vol. 12, No. 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)
About Elli

Elli is an associate in the firm's dispute resolution practice, focusing on high-value commercial litigation and cross-border disputes. Her work spans shareholder conflicts, fraud and asset recovery, insolvency and restructuring proceedings, and the recognition and enforcement of foreign judgments and arbitral awards.

Her practice extends to matters involving mutual legal assistance, extradition, international judicial cooperation, and regulatory investigations – reflecting a breadth of exposure that is unique at associate level. She combines technical rigour with a practical understanding of the commercial and strategic pressures that complex disputes involve.

Her recent track record includes successfully defending a derivative claim exceeding €40 million under Cyprus's newly introduced two-stage civil procedure test, securing a worldwide freezing injunction in support of LCIA arbitral proceedings to preserve assets exceeding USD 16.7 million and representing a high-net-worth individual and public figure in complex mutual legal assistance and extradition proceedings.

Alongside her dispute practice, Elli advises on corporate and transactional matters, including local and cross-border mergers, financing arrangements, and restructurings involving Cyprus-registered entities.

Track Record / Dispute Resolution
  • Acted for a London Stock Exchange-listed parent company of a global food and agri-tech group in annulment proceedings concerning an exchange of information request under the Double Tax Treaty between Cyprus and Ukraine.
  • Acted for a company in the mobile and PC games development sector in an ex parte application for interim relief in support of LCIA arbitration, involving claims exceeding €1.5 million and exclusive IP licensing rights.
  • Secured an ex parte worldwide freezing injunction in support of LCIA arbitral proceedings, restraining the dissipation of assets exceeding USD 16.7 million pending determination of the arbitration.
  • Defended a derivative claim exceeding €40 million under Cyprus's newly established two-stage test under the Civil Procedure Rules, and secured the discharge of ex parte injunctions, acting for a consortium operating in food distribution and meat production across the Eurasian markets.
  • Represented a high-net-worth individual and public figure in a mutual legal assistance request of cross-border complexity, providing advice on extradition matters in parallel.
  • Advised on multiple matters involving requests for information submitted by tax authorities under bilateral double tax treaties, TIEAs, and the EU Directive on Administrative Cooperation (DAC), including representing entities resisting or challenging such requests before the competent authorities.
  • Acted for a high-net-worth individual in liquidation proceedings against an established company in the mobile and PC games development sector.
Track Record / Corporate
  • Advised on local and cross-border mergers involving Cyprus-registered companies.
  • Advised on cross-border transactional arrangements for the transfer of licences and intellectual property rights between entities.
  • Conducted due diligence on transactions involving Cypriot entities across multiple sectors.
  • Advised on financing arrangements, security provision, and the issuance of legal opinions in connection with corporate transactions.
  • Advised on corporate restructurings and general corporate matters.
Qualifications
  • Member, Cyprus Bar Association (2024)
  • LLB, University of Warwick (2020-2023)

Eleni Andreou

TRAINEE ASSOCIATE
About Eleni

Eleni is a Trainee Associate at our firm. She holds an LL.B. from the University of Nicosia, graduating with academic honours in 2025, having also completed part of her studies at the Aristotle University of Thessaloniki.

She was shortlisted for the Dean's List in four academic semesters and achieved the highest mark of her cohort in Spring 2024. Eleni also received scholarships in recognition of her academic performance.

During her studies, she actively participated in initiatives such as Model United Nations (MUN) and the Athens COP (Conference of the Parties) Simulation, developing skills in international relations, negotiations, diplomacy, and public speaking.

Eleni gained practical experience as a Legal Intern at the Law Office of the Republic of Cyprus.

At our firm, Eleni is engaged in legal research, drafting and case preparation. In addition, she supports the team in reviewing files, preparing submissions, and assisting during hearings, while gaining practical experience across a variety of legal matters.

Qualifications
  • LL.B., University of Nicosia, with Honours
  • Dean's List (Spring 2023, Spring 2024, Fall 2024, Spring 2025)
  • Highest GPA of cohort - Spring 2024
  • Scholarships awarded for academic excellence
LEGAL 500 | 2026 | LEADING FIRM