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Cyprus Banking & Finance


Expertise > Jurisdictional Expertise > Cyprus  > Cyprus Banking & Finance
As the only international multi-jurisdictional law firm with a physical presence in Cyprus, Harneys provides unrivalled service to clients throughout the world, particularly those seeking complex, cross-border financing work.

Overview

With over 20 lawyers predominantly focused on finance and corporate areas of law in Cyprus, we are now one of the leading practices on the island. Our firm provides the ISDA netting opinion and has been commissioned to provide the ISDA collateral opinion as well. 

Our law firm is a member of the panel of the European Central Bank and provides advice to significant financial institutions from around the globe such as Goldman Sachs International, JP Morgan Securities plc, Deutsche Bank AG, Credit Suisse, Citibank, the European Bank for Reconstruction and Development, VTB Capital, ING Bank and Sberbank and enjoys a healthy referral pipeline from Magic Circle law firms like Allen & Overy, Clifford Chance, Freshfields and Linklaters as well as the Big Four audit firms. We have been visible on some of the most significant financing deals in the market, including acting for Songa Offshore in the multibillion-dollar financings of drilling rigs, and advising VTB Capital on its secured loan of up to US$4.5 billion to URALHEM OJSC.

Harneys’ experts seamlessly navigate economic and political events to ensure a total commitment to protecting client interests. We remain at the forefront of developments allowing us to best serve our diverse clientele. Our lawyers in Cyprus and elsewhere in the world were able to provide high-level, timely and independent legal advice on a wide range of issues stemming from the bank restructuring which took place in March 2013, the ongoing capital controls, and related matters.

In addition to our deep knowledge of the market, Harneys is also recognised for our pragmatic, results-driven approach, with one client referring to us as “unfailingly the best Cyprus counsel we could hope to work with”. 
 

Services

  • Loan finance
  • Debt capital markets
  • Derivatives
  • International project finance 
  • Acquisition finance
  • Asset-based and property finance
  • Aircraft finance 
  • Ship finance 
  • Restructuring 
  • Local debt finance transactions 
  • Structured finance 
  • Share and all assets security 
  • Insolvency 
  • ISDA agreements and repo matters

Contacts

Pavlos Aristodemou
Pavlos Aristodemou

Managing Partner
Cyprus
Nancy Erotocritou
Nancy Erotocritou

Partner
Cyprus
Theodoros Zafiropoulos
Theodoros Zafiropoulos

Counsel
Cyprus
Styliani Constantinou
Styliani Constantinou

Senior Associate
Cyprus
Demetris Nicolaou
Demetris Nicolaou

Senior Associate
Cyprus
Dimis Georgiades
Dimis Georgiades

Associate
Cyprus
Stephanie Havatzias
Stephanie Havatzias

Associate
Cyprus
Panos Ioannou
Panos Ioannou

Associate
Cyprus
Marios Koutsios
Marios Koutsios

Associate
Cyprus
Publications

Articles & Updates

MiFID II and Cyprus: Ready for 2018 
Russia Sanctions and the use of EU-based holding companies and SPVs 
Fourth and 'Fifth' Anti-Money Laundering Directives: implementing AML updates and UBO registers in Cyprus 
New Cyprus-India Treaty for the Avoidance of Double Taxation 
Cyprus Market Abuse Law - PDMRs and closed periods  
BRRD - The Cyprus position 

Guides

Obtaining Cypriot citizenship by investment 
Guide: The Cyprus Holding Company Regime 
Guides to new banking laws in Cyprus 

Recent Experience

Harneys advises Grivalia Hospitality S.A. on the acquisition of iconic hotel complex 
Harneys advises on restructuring of Synot Group  
Harneys advises on £2 billion investment in Anglo American by Volcan Holdings PLC 
Harneys Cyprus advises on Songa Offshore refinancing 
Aroundtown Property Holding €1 billion bond issues 
Harneys Cyprus acts for Peru agricultural giant, Camposol, on US$200 million exchange offer