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Global Guide
Firm Profile

Antis Triantafyllides & Sons LLC

Firm Profile


  • Profile
  • Capital Centre, 9th Floor
  • 2-4 Arch. Makarios III Ave.
  • Nicosia
  • Nicosia District
  • Cyprus
  • 1065

Firm profile submitted by Antis Triantafyllides & Sons LLC

The law firm of Antis Triantafyllides & Sons LLC was founded in 1955. It is one of the oldest and best established law firms in Cyprus, providing high quality legal services in all areas of law to corporations, institutions, government entities and high net worth individuals. The firm’s main practice focuses on domestic and international corporate law and banking and finance law. The firm also boasts one of the strongest litigation teams in the country and a premier tax department. The firm currently employs 72 members of staff, including 30 lawyers and legal consultants. Mr. Antis Triantafyllides, the founder of the firm, was the Cyprus member of the Court of Arbitration of the International Chamber of Commerce throughout the greater part of his legal career.

Banking & Finance:
Contour Global: The banking team of Antis Triantafyllides & Sons LLC (hereafter referred to as “ATS”) represented the Contour Global group with respect to Cyprus law matters in a USD $200 million senior secured bridge term loan facility to ContourGlobal Power Holdings S.A., in the offering by ContourGlobal Power Holdings S.A., a finance subsidiary of the parent ContourGlobal L.P, of a USD $400 million offering of senior secured notes due 2019, and with respect to the group’s subsequent restructuring. The notes were secured by share pledges of certain existing and future subsidiaries of ContourGlobal L.P. ATS drafted and negotiated the Cyprus law share pledges, provided Cyprus law advice on matters relating to the bridge facility and offer and issued legal opinions on the transactions.
Bank of Cyprus: ATS acted as legal adviser to the Bank of Cyprus on the restructuring of the debts of the Bank of Cyprus’ biggest clients. To date, the biggest group the firm advised had debts in the region of EURO 120 million. ATS also advises on several other groups with debts ranging from EURO 40 million to 100 million.
Avangardco Investments Public Limited: This transaction involved the restructuring of USD $200 million aggregate principal amount of notes issued by a Cypriot company (in order to amend the terms and condition of the notes including, among others, extending their maturity date), through the sanctioning of the restructuring of the notes by English courts and the entry into solicitation agency agreement in connection with such restructuring.

Capital Markets:
Hellenic Bank: ATS acted as legal adviser to Rothschild concerning EURO 220 million rights issue of Hellenic Bank.
Qiwi Plc: Following the successful completion of the IPO of Qiwi Plc in May 2013, ATS recently advised Qiwi Plc with respect to the announced underwritten public offering of 9,427,546 of its Class B Shares in the form of American Depositary Shares (ADSs) by certain shareholders. The number of ADSs included 1,229,680 ADSs sold as a result of the full exercise by the underwriters of their option to purchase additional ADSs from the selling shareholders. Qiwi Plc did not receive any proceeds from the offering. ATS subsequently advised the company on subsequent SPOs, two of which completed in 2015.

General Corporate & Company Law:
Commissioner for Privatisations: ATS is the lead counsel together with Shearman & Sterling LLP and Karatzas & Partners Law Firm on the privatisation of the Cyprus Telecommunications Authority (CyTA), the largest corporate deal in the history of Cyprus and first ever privatisation.
DP World Limited: ATS advised DP World Limited in relation (i) firstly to their bid for the tender of the commercialisation of the Cyprus ports and then, once their bid was successful for two of the concessions, (ii) advised them on the acquisition of the concession and their formation of a joint venture agreements with their local partner G.A.P Vassilopoulos Public Limited, a logistics and services company listed on the Cyprus Stock Exchange. ATS advised on the tender process, conducted due diligence for DP World Limited, advised on the concession agreement involving complex areas of contract and public procurement law as well as competition issues. ATS assisted setting up the joint venture and on matters of Cyprus company law regarding the formation of the joint venture in the form of advice on shareholder issues, subscription, stamp duty issues and fulfilment of the CPS, so as to enable the clients to complete the concession.

Litigation, Arbitration & Mediation:
■Attorney General of the Republic of Cyprus:
ATS represented the Attorney General of Cyprus in impeachment proceedings against the Deputy Attorney General. The Supreme Court unanimously ordered the impeachment of the Deputy Attorney General. This is a historic decision of great importance as it is the first time in the history of Cyprus that an officer has been impeached
Vladimir Potanin: The client’s spouse sought interim provisional measures over the marital assets. The freezing injunction concerned the 50% of our client’s USD $14 billion property. ATS represented the client before the Limassol District Court, arguing lack of jurisdiction of the Cyprus courts in general and of the District Court of Limassol. The proceedings were eventually dismissed due to lack of jurisdiction by the court.
Saven Enterprises Ltd: ATS defended successfully an application for setting aside the order by which the writ of summons was served abroad on the basis of lack of jurisdiction. The claim is for the amount of USD $ 781.4 million.
Nanoergo Fund Ltd: ATS successfully defended a mareva injunction for the amount of USD $45 million.

The firm’s tax practitioners are integrated into the firm’s transactional teams and advise corporations and individuals on a wide range of Cypriot tax issues which may arise in the context of international and local transactions. The litigation department of the office has been involved in various landmark tax cases and other incidental matters such as:
■Acting for the Judiciary in the Supreme Court case where the reduction of the salaries of all the members of the Judiciary as a result of the economic crisis in Cyprus which was held unconstitutional by the Supreme Court.
■A Supreme Court case where it was held that the Church of Cyprus was not subject to capital gains tax as a result of the disposal of immoveable property.

Financial Services & Securities Regulation:
ATS advises asset managers, investment banks, and brokers/agents tackling issues such as fund formation and distribution, and cross border regulatory issues services. Its portfolio of clients includes Cyprus Investment Firms belonging to the groups of some of the largest regulated investments banks such as Sberbank and Renaissance Capital, fx trading companies and companies that are leaders in “social investment trading” such as Etoro.

■Credit Suisse
■European Bank of Reconstruction and Development (EBRD)
■Bank of Cyprus
■Piraeus Bank
■VTB Bank
■Attorney General of the Republic of Cyprus
■Cyprus Securities and Exchange Commission
■Schlumberger Oil
■ENI Group (Burren companies)
■Commissioner for Privatisation
■MDM Bank
■Aareal Bank AG
■Unicredit Bank Austria
■DP WORLD (Dubai Port authority)
■Petrothermical Holding Gmbh

George and Stelios Triantafyllides Capital Center, 9th Floor 2-4 Arch. Makarios III Ave. 1065 Nicosia, Cyprus
Email: [email protected] Tel: +357 22 360 000


  • 2 - 4 Arch Makarios Ave.,
  • Nicosia,
  • Cyprus
  • Tel +357 2236 0000
  • Fax +357 2267 0670
  • Email : [email protected]