For years now, Patrikios Pavlou & Associates LLC has been recognized as a top performing firm in Cyprus in respect of its distinctive, professional client services and legal advice. As a result, the firm has been receiving, mostly, top tier rankings by prestigious legal guides globally and several international awards by renowned associations and organizations.
Below is a sample of some important awards which the firm received over the last five years:
The Legal 500 2018, EMEA edition
- Banking & Finance practice - Ranked in Tier 1
Patrikios Pavlou & Associates LLC’s team ‘does not overly complicate things’ and is skilled at handling multijurisdictional projects: it recently advised an international bank on an amendment agreement to a €260m facility agreement. Stella Louca Pavlou is ‘vastly experienced’ and Lia Iordanou Theodoulou ‘keeps an active involvement in any matter that she is instructed on’. The ‘commercially astute’ Stavros Pavlou and the ‘precise’ Stella Strati are also recommended.
- Commercial, Corporate & M&A practice - Ranked in Tier 1
Patrikios Pavlou & Associates LLC’s ‘experienced’ Lia Iordanou Theodoulou led the advice to a media and advertising services provider on the liquidation of one of its member companies. The ‘excellent’ team also includes Stavros Pavlou and Stella Strati, who are both ‘very knowledgeable’.
- Dispute Resolution practice - Ranked in Tier 1
Patrikios Pavlou & Associates LLC ‘operates at the highest level’. Stavros Pavlou is ‘immensely experienced’ and Chrysostomos Nicolaou is ‘very responsive’. The group is defending various high-net-worth individuals and companies against a $13m damages claims related to the construction of a residential complex in Moscow. Senior associate Eleana Christofi is ‘excellent’.
- Tax law practice - Ranked in Tier 1
Patrikios Pavlou & Associates LLC‘s ‘very responsive’ team routinely advises on the whole array of contentious and non-contentious tax issues, including assistance with multijurisdictional tax restructuring and tax aspects of fund formation. The group is headed by Stavros Pavlou who is ‘very knowledgeable about Cypriot corporation tax law and trust legislation in addition to Anglo-Saxon tax law’ as well as ‘brilliant at interpreting international tax conventions’.
- Real Estate practice - Ranked in Tier 3
Stavros Pavlou heads the team at Patrikios Pavlou & Associates LLC that regularly advises leading international corporations and high-net-worth individuals from Asia, Russia and other non-EU countries on commercial and residential property acquisitions, particularly with regards to the Cyprus Citizenship by Investment Programme.
Chambers and Partners, 2018
- DISPUTE RESOLUTION - Ranked Tier 1
The team is known for wide-ranging expertise across local and cross-border disputes covering debt recovery, international arbitration and fraud claims. Regularly represents foreign companies and individuals, particularly from Russia. Acts for a broad client base including a number of leading international banks.
Sources are pleased with the department's ability to "resolve disputes in a timely and effective manner through prompt assistance and sound legal advice," adding that "the firm has the expertise to handle a wide variety of claims and disputes."
"The team is considered as being amongst the "best litigators in Cyprus," and clients appreciate its "high standards and results through many years of practice."
Work highlights Represented the Bank of Cyprus in over 400 debt collection cases, with an aggregate value of EUR100 million.
Experienced in a range of litigation and arbitration proceedings, Stavros Pavlou is believed to be "the best Cypriot litigator" by his clients. Other sources highlight his responsiveness: "He is always reachable and answers the questions promptly." He is well versed in cross-border cases, regularly representing Russian clients.
Chrysostomos Nicolaou is admired by clients for being "very practical." He regularly represents banks and investors in their local and cross-border disputes. He offers further experience on debt recovery and enforcement matters. His recent workload includes advising a Russian bank on an application to strike out a USD118 million claim brought for alleged breaches of contractual obligations by third parties.
- CORPORATE & COMMERCIAL - Ranked Tier 3
The team is known for strong corporate department providing transactional, restructuring and advisory services. Advises local and international clients involved in sectors such as energy, insurance and tourism and leisure. Particularly active for banks and investment groups as well as clients active in the Russian market.
Clients particularly appreciate the "promptness in replying and in-depth analysis" provided by the team.
Further interviewees also compliment the "high level of customer service" they received from the lawyers.
Significant Clients Melco International Development, Austrian Anadi Bank, Hunters for Luck, Delo-Group, TMK.
"A very talented practitioner," Stavros Pavlou collects praise for his extensive experience in corporate matters, alongside his outstanding dispute resolution reputation. He frequently assists banking and energy clients with commercial issues and has notable experience in restructuring mandates.
- BANKING & FINANCE - Ranked Tier 3
The team is known for regular advice to local and international banks on a variety of matters, such as facility agreements, debt restructuring and pledge enforcement. Experience working across a range of sectors, with a strong presence in the oil, gas and energy industries. Also well versed in refinancing transactions and capital markets issues.
Strengths Interviewees highlight the good communication of the lawyers: "Their advice is commercial and they are very responsive."
- TAX - Ranked Tier 2
A well-reputed firm assisting financial institutions and multinational companies with numerous tax issues. Demonstrates notable skill advising on 'resident non-domiciled' tax status, stamp duty law and VAT issues. Offers further expertise in transfer pricing matters and restructuring mandates.
trengths Sources commend the team for offering advice tailor-made to clients' needs, noting that the lawyers "are thorough in everything they do and pay attention to every detail."
Another interviewee praises the lawyers' ability to always find solutions, as well as the way in which "they are always up to date with tax matters."
Work highlights Assisted a number of foreign individuals with obtaining Cypriot citizenship, including acquiring 'resident non-domiciled' tax status.
Stavros Pavlou regularly advises financial institutions on a broad range of tax issues. Sources highlight his "sharp opinion" and are "very happy with the results of his work." Adept at handling matters concerning stamp duty and double taxation, he is particularly recommended for his abilities in tax-related disputes. Interviewees further report that he is someone who they "enjoy working with."
IFLR1000, Financial & Corporate, 2018 Edition
“Patrikios Pavlou & Associates is best known for banking and finance and capital markets work and has advised on a range of financings and share transfers during the research period, often with a Russian element."
Clients state that the team pays “thorough, responsive and good attention to detail.”
Stavros Pavlou is Highly Regarded in Banking, Capital Markets and M&A: "He delivers highly professional and practical advice." "He ensures that we get the legal advice we need", is "Extremely strong technically and he has developed a deep understanding of Russia and CIS-related transactions."
"A highly professional lawyer."
Lia Iordanou Theodoulou - Highly Regarded in Banking and M&A: "An excellent corporate partner. Her legal advice is very solid, and she and her team are very reliable in implementing transactions in Cyprus."