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Global Guide
Firm Profile

Soteris Pittas & Co LLC

Firm Profile

Limassol

  • Profile
  • 10 Chrysanthou Mylona,
  • Magnum House,
  • Limassol
  • Limassol District
  • Cyprus
  • 3030
  • Tel: +357 25 028460
  • Fax: +357 25 028461
  • Email: Contact Us

Firm profile submitted by Soteris Pittas & Co LLC

Managing Partner: Soteris Pittas
Number of partners: 1 Number of lawyers: 9
Languages: English, French, Greek, Italian, Russian, Serbian, Spanish


Soteris Pittas & Co LLC is a boutique law firm, focusing on the areas of law related to business activity and dedicated to providing its clients with outstanding, highly personalised, legal representation in contentious matters and comprehensive legal solutions in non – contentious matters according to clients’ particular business needs, requirements and objectives. The firm has close links and strong associations with reputable audit firms, private equity managers, and fiduciaries in Cyprus, Russian Federation and the former CIS countries.



Dispute Resolution & Arbitration:
■ Advising together with the London and Moscow offices of Quinn Emanuel Urquhart & Sullivan UK LLP shareholders of Cypriot Holding Company owning valuable assets in Russia, on Cyprus law matters, concerning a corporate dispute with minority shareholders (US$ 70 million)
■ Advising Clients together with the London office of Freshfields Bruckhaus Derringer LLP on Cyprus law issues in the context of numerous consolidated LCIA arbitral cases filed by minority investor/partner in relation to a large number of Cypriot holding Companies owning various metallurgical plants in Ukraine (US$ 500 million)
■ Acting on behalf of a Claimant in a Civil Action filed for the recovery of stolen assets owned by a Russian Joint Venture Company and applying and obtaining freezing injunctions, including Chambra type orders (Euro 40 million)
■ Acting on behalf of a Swiss Company for the registration and enforcement of an English Court Judgment pursuant to the EU Regulation 44/2001 and applying and obtaining ex parte interim freezing injunctions of a Chambra type (US$ 30 million)
■ Acting on behalf of a Russian State Bank for applying and obtaining ex parte freezing injunctions blocking assets owned and controlled by the Respondents in aid of an LCIA Arbitral Claim (Euro 45 million)
■ Acting on behalf of a Cyprus Financial Company in defending and objecting to the recognition and enforcement of an LCIA Arbitral Award issued in favour of a Kazakstan Bank (US$ 600 million)
■ Action on behalf of a Cypriot Company in objecting to the recognition and enforcement of an ICC Arbitral Award issued in favour of a German Bank, as well as for filing an application to stay the enforcement proceedings until the final hearing of its counter-claim filed before the same ICC Arbitral Tribunal (Euro 80 million)
■ Acting on behalf of local and foreign defendants in defending an action based on fraud and conspiracy filed by a Kazakstan Bank claiming an amount of US$ 600 million
■ Handling on behalf of the Russian MECHEL GROUP of Companies, the defence of an action filed before Cyprus Court on behalf of a minority shareholder of the Russian Coal Mining Company, alleging wrongdoings committed against the Russian Coal Mining Company, by a majority shareholder and claiming damages of more than USD 500 million
■ Handling on behalf of the Respondent, the defence of freezing injunctions, issued against them in the context of a personal and derivative actions filed by the minority shareholder of a Russian Company (subject matter: USD 500 million)
■ Handling on behalf of the Bank of Cyprus the filing of an action for fraud and conspiracy against a number of local and foreign defendants and obtaining freezing injunctions, anti-suit injunctions, discovery orders, as well as the appointment of an interim receiver over the assets of the Defendants (subject matter EURO 350 million)
■ Handling on behalf of Respondents the defence of twenty two (22) winding up petitions filed by minority shareholders against Cyprus Holding Companies, holding assets in Ukraine of a value in excess of EURO one (1) billion, alleging oppression of the minority
■ Handling on behalf of a Respondent an application for registration and enforcement of the decision of a Russian Court, the successful discharge and cancelation of a worldwide freezing order, blocking assets of a value in excess of EURO 100 million
■ Handling on behalf of a minority quasi partner the filing of a winding up petition for the winding up of a Cypriot Company and applying for an interim relief blocking the removal of the quasi partner from the position of a director of the joint company (subject matter: USD 300 million)
■ Handling on behalf of Defendants, the defence of an interim relief granted against them in aid of international commercial arbitral cases including the appointment of interim receivers over their assets (subject matter USD 100 million)
■ Handling on behalf of certain foreign companies, the successful stay of a Cypriot action filed against them in order for the dispute to be referred to arbitration in Stockholm, Sweden (subject matter: EURO 10 million)
■ Handling on behalf of a large Russian Financial Company, the defence of an action for the enforcement of international arbitral award of an amount of more than USD 500 million
■ Handling on behalf of a quasi partner an action filed on his behalf for the protection of his share in a Cypriot joint venture Company and successfully obtaining freezing injunctions preserving the joint assets (subject matter: USD 100 million) ■■Handing on behalf of a Luxemburg based Fund the enforcement and registration of an ICC arbitral award amounting to EURO 17.500.000 in Cyprus, and obtaining ex parte freezing order and the ex parte appointment of an interim equitable receiver over assets beneficially owned by the debtor
■ Representing TNK-BP, a major vertically integrated Russian oil company, as Applicant for the issue of discovery orders against certain banks in a tracing case involving a former executive of TNK – BP.

Corporate, Commercial, M&A and Taxation:
■ Advising together with PWC Cyprus a Cypriot Company, holding the majority stake in the largest private gas company in Russia, on the defense of a tax claim raised by the German State and successfully assisting in establishing that its central management and control (“CMC”) was exercised from Cyprus and not Germany (Tax claim of Euro 1.2 billions)
■ Advising Otkritie Group on multimillion purchase of the stake in Qiwi PLC
■ Advising high net worth Russian and Ukrainian Clients in establishing Cypriot international trusts, in order to protect their assets and minimize their tax exposure
■ Advising an American Company on all taxation issues arising out from the purchase of the shares of a Cypriot Company dealing with the provision of satellite communication services to ships
■ Advising a Russian Client together with Withers (Switzerland) on the factors determining the place of Central Management and Control (“CMC”) under the Cypriot tax legislation and the Place of Effective Management and Control (“POEM”) under applicable double tax treaty
■ Acting as a monetary and documentary escrow agents in a complex multijurisdictional transaction and providing full-fledged support from drafting all necessary documents to accompany the transaction, as well as handling technical side and approaching and negotiating with the local banks
■ Acting for long standing clients in relation to Joint Ventures
■ Drafting a fixed and floating charge agreement over the assets of a certain Cyprus holding company in favor of HSBC Bank USA and advising the said Bank on the project the total value of which was EURO 50 million
■ Advising certain consortium of Companies for the acquisition of the majority stake in a Cyprus based company, which is the owner of the Ukrainian International Airlines
■ Advising Nike on the creation and management of a local distribution relationship
■ Advising on the Cross Merger of Moravel