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:

  • “2018’s Most Trusted for Dispute Resolution and ADR – Cyprus”, Acquisition International
  • “Most Innovative Law Firm in Cyprus, 2017”, Corporate Insider
  • “Supporting Russian Business Abroad 2017” Prometheus Award, 2018, TASS Russian News Agency
  • “Distinguished in Dispute Resolution in Cyprus for the Year 2016″ from the Acquisition International Magazine
  • “ICFM TOP250 Leading Firms of the Year 2016 in Cyprus” from the InterContinental Finance & Law Magazine
  • “Best Lawyers in Cyprus for the year 2015-2016” from Best Lawyers
  • “International Business Law Firm of the Year in Cyprus 2015” from European Corporate Excellence Awards
  • “International Tax Planning Law Firm of the Year in Cyprus 2015” from DealMakers – Country Awards
  • “Best Banking, Capital, Cross-Border and Dispute Resolution Law Firm of the Year 2013” from ACQ5 Law Awards
  • “Tax Lawyer of the year in Limassol 2012 – Stavros Pavlou” from Corporate INTL Legal Awards
  • “Best Banking & Finance, Capital Law,Cross-Border Law Firm of the Year 2012-Cyprus” from ACQ5 Law Awards
  • “Best Banking & Finance Law Firm of the Year in Cyprus 2012” from Corporate LiveWire Global Awards
  • “Corporate, M & A, Banking & Finance, Litigation and Dispute Resolution Law Firm of the Year in Cyprus 2012” from Lawyers World Annual Jurisdiction 

Patrikios Pavlou & Associates LLC is ranked among the TOP TIER recommended firms in Cyprus by prestigious legal directories globally.  Below is a small sample of the recent comments the firm received:

The Legal 500 2019, EMEA edition  

– Banking & Finance practice – Ranked in Tier 1

The team at Patrikios Pavlou & Associates LLC is adept at handling multi-jurisdictional projects. It is acting for a major Russian bank on the refinancing of a large international oilfield services group. Bank of America Merrill Lynch and UniCredit Bank are also clients. Stella Strati and Lia Iordanou Theodoulou are recommended along with Stavros Pavlou.

Leading individualsLia Iordanou Theodoulou

– Commercial, Corporate & M&A practice – Ranked in Tier 1

Patrikios Pavlou & Associates LLC has been active advising on many international mergers and acquisitions as well as reorganisations and liquidations. It counts Eriell Group and UniCredit Bank as clients. The team ‘acts as one and is very reliable, efficient and accessible’. Lia Iordanou Theodoulou is ‘very professional’; Stavros Pavlou has ‘a very deep knowledge of the law’; and Stella Strati is another primary contact.

– Dispute Resolution practice – Ranked in Tier 1

Patrikios Pavlou & Associates LLC’s ‘professional and attentive’ team handles a wide range of banking litigation. Clients include Commerzbank and Delo Group. Stavros Pavlou ‘achieves great results on complex matters quickly’. Chrysostomos Nicolaou is also an experienced litigator.

Leading individualsStavros Pavlou

– Tax law practice – Ranked in Tier 1

Patrikios Pavlou & Associates LLC is praised for its ‘solution-driven’ approach. It routinely handles the setting up of tax planning structures on complex cross-border deals and tax disputes. Clients include Alpha Bank (Cyprus) as well as several high-net-worth individuals and entrepreneurs. The ‘outstanding’ Stavros Pavlou is ‘passionate about what he does and how he does it’. Stella Strati ‘will always go the extra mile’.

Leading individualsStavros Pavlou

– Real Estate practice – Ranked in Tier 3

Patrikios Pavlou & Associates LLC regularly advises domestic and foreign individuals and corporate clients on property-related matters. Stavros Pavlou is a primary contact.


Chambers & Partners Europe, 2019

– Dispute Resolution – Ranked Tier 1

What the team is known for

Impressive offering capable of acting on complex, high-value international and Cypriot disputes involving construction companies, financial institutions and private clients. Recognised throughout the market for strength covering debt recovery, international arbitration and fraud claims. Regularly represents foreign companies and individuals, particularly from Russia. Assists clients with corporate and real estate law disputes.


Clients appreciate “the expertise they possess, as well as their responsiveness, practical and thorough approach, and their commercial awareness.”

Clients also enthuse that the team is “extremely hard-working, has reacted incredibly quickly in an ever-changing legal situation, gives measured advice and has proven to be fantastic team players.”

Work highlights

Advised an Indian real estate construction company on the enforcement and execution of a GBP350 million arbitral award, including assistance with opposition to interim orders.

Notable practitioners

Chrysostomos Nicolaou is active on disputes in the financial sector, including debt recovery and contractual breaches, as well as the enforcement of arbitral awards. He is particularly sought after by Russian clients. Sources report that Nicolaou is “responsible and flexible.” He advised a local hotel group on a dispute with a tour operator concerning tourist allocation agreements.

Clients say that Stavros Pavlou “is a brilliant legal practitioner who is excellent at explaining and analysing the facts of the case in a simple, practical and yet conclusive way.” He acts for international and domestic clients on complex litigation, arbitration and mediation cases involving property law and debt recovery matters. Pavlou advised Alpha Bank on a claim of unfavourable discrimination in a recent amendment to an immovable property law.

– Corporate & Commercial – Ranked Tier 3

What the team is known for:

Widely respected team acting on cross-border acquisitions, the establishment of Cypriot entities, and shareholder disputes. Boasts significant expertise in the energy, projects and media sectors. Strong corporate department providing transactional, restructuring and advisory services. Particularly experienced handling matters for banks and investment groups as well as clients active in the Russian market.


One interviewee notes that the lawyers’ “responsiveness is excellent,” adding that “they devote the time to getting a clear understanding of the business and remain up-to-date between meetings.”

Notable practitioners:

Managing partner Stavros Pavlou is experienced advising international clients on the establishment of Cypriot entities and acting on international and domestic structuring and M&A deals. He assisted a Russian construction and materials group with investments in Cyprus.2

– Banking & Finance – Ranked Tier 3

What the team is known for

Regularly advises local and international banks on a variety of matters, such as facility agreements, debt restructuring and pledge enforcement. Well-versed in refinancing transactions and project financing. Offers further assistance with amendments to facility and security agreements.


One client lauds the team’s “swiftness and accuracy in advice, innovative and strategic thinking and customer-oriented approach to every matter.”

Another source reports: “The responsiveness level is great and the team is very proactive and always talks to the other side to resolve things.”

Notable practitioners

Key contacts in the department are Stavros Pavlou, Stella Louca Pavlou and Lia Iordanou Theodoulou.

– Tax – Ranked Tier 2

What the team is known for:

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. Advises on cross-border corporate tax planning and represents clients in contentious matters.


Clients value the team’s international capabilities as well as its “speed of response and high quality.”

Sources also say:

“The lawyers are punctual in providing their services, they understand the business and the challenges we have.”

Notable practitioners:

Managing partner Stavros Pavlou is experienced in tax-related litigation. He also advises corporates on double taxation treaties, stamp duty matters and tax structuring considerations relating to transactions.


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.”

“Very good.”

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