Agathi  Zervou

Agathi Zervou


  • Phone: +357 25 871599
  • LLB Law (University of Leicester, UK), 2012
  • LLM Commercial Law (University of Bristol), 2013
  • Legal Practice Course (BPP University, Law School), 2014
  • Admitted to the Cyprus Bar 2015
  • Cyprus Bar Association
  • Advising Russian clients on matters related to the validity of a share purchase agreement executed between two Cypriot companies and a commercial guarantee granted by a high-net worth individual as security for the payment of the consideration for the transfer of the shares to the purchaser without prior obtaining spousal consent for the disposal of the marital assets. We have formed a complex litigation strategy, in pursuit of a Court Order for the invalidity of the abovementioned agreements on the grounds of fraud, misrepresentation and unjust enrichment.

  • Advising and representing a company incorporated in the BVI and its ultimate beneficial owner, contracting parties in a joint venture involving the construction of a skyscraper in Moscow. The client suffered loss due to the sale of 50% of the joint venture share capital at a significant undervalue relying on inaccurate and false representations made by the other side. The subject of the proceedings is novel since there is no Cypriot authority confirming the existence of implied fiduciary duties owed between partners in a joint venture yet. The transaction’s value is USD 90 million.

  • Representing high-net worth individuals and a group of companies beneficially owned by them in a multi-million dispute arising out of a joint venture for the construction of a residential complex in Moscow. A claim was brought in Cyprus by the other side against our Clients seeking damages in the approximate amount of USD 13 million for alleged breaches of shareholders’ agreement, fraud and misappropriation of assets held by subsidiary companies of the joint venture company.

  • Representing one of Cyprus’s biggest banks before the Court in relation to a new Law providing for assets which have been encumbered in favour of the Bank to be transferred to third parties that bought the assets from the debtor, whilst erasing the encumbrance of the Bank. On behalf of the Bank, we are promoting appeals against relevant decisions of the Land Registrar by which assets will be transferred to third parties, obtaining interim prohibitive orders restraining such transfer, and requesting for the Law to be declared as unconstitutional.

  • Representing a group of companies, owners of real estate in the Russian Federation, and their UBOs, caught in a shareholders’ dispute for the amount of USD 16 million for alleged breaches of shareholders’ agreement, alleged fraud and alleged misappropriation of assets. Currently we have filed applications for setting aside service upon some of the defendants and also for setting aside the action against some of the defendants for lack of jurisdiction of the Cypriot Courts and for lack of actionable right.