Alexandros Efstathiou joined the firm as an Associate in September 2015, having completed his traineeship with the firm. His primary areas of practice are EU and international law, administrative law, commercial agreements and labour law. He also handles competition and regulatory matters, investment and capital markets and international arbitration.
Alexandros is further involved in corporate law matters and has experience in the review of corporate documents and the provision of legal opinions thereon. He further assists with the preparation and review of court applications, written pleadings for annulment of administrative acts and public procurement cases handled by the Litigation department.
Examples of Alexandros’ employment and immigration law work include, (i) advising the managers of the consortium that won the tender for the award of concession of the container terminal of the Port of Limassol, (ii) advising the operator of the marine services terminal of the same port, (iii) assisting international providers of information technology in relation to their appointment procedures and employment contracts and (iv) reviewing several employment issues emanating from a multi-million euro acquisition of a Cypriot company by a large South African multinational pharmaceutical company, and many more. Alexandros has further helped one of Britain’s big four banks with employment issues arising from the closure of their Cyprus branch, and other foreign banks based in Cyprus on matters such as downsizing of their local branch. He has further assisted with the restructuring of the Cyprus subsidiary of one of Ireland’s largest airport and retail holding and management companies, operating the concession of retail shops in the two main commercial airports of the Republic of Cyprus.
Some of Alexandros’ regular clients in the field include one of the UK’s largest tourist operators and one of Cyprus’s main public transport companies.
In the field of European Union law, Alexandros concentrates on anti-trust litigation and concentrations of undertakings of major importance. He has also worked and advised on various regulatory frameworks arising from EU law, such as environmental regulation, agricultural law, product safety, internet regulation, telecommunications and electronic communications, customs, as well as trade in dual-use products.
Alexandros is part of the firm’s team currently representing two companies from the dairy industry in proceedings before the Cyprus Commission for the Protection of Competition, relating to allegations of unfair terms, arbitrary price increases, vertical foreclosure and more, as against the PanCyprian Organisation of Cattle Farmers (POCF) Public Ltd, which controls 80% of the cow milk supply in Cyprus.
Alexandros has further assisted, among others, Societe Generale Bank Cyprus in anti-trust proceedings before the Commission in relation to practices in the retail banking market and Daimler AG in connection with practices in the market for original spare parts of Mercedes Benz vehicles.
Alexandros regularly undertakes the filing of notifications of concentrations of undertakings and provides Cyprus Competition law advice to local and international clients of the firm.
Alexandros has acquired significant experience in the field of administrative law and is currently working on several judicial review and annulment cases against ministries and other local authorities. Such authorities include the Ministry of Interior, Human Resource Development Authority, Commission for the Protection of Competition, Road Transport Department, Civil Service Commission and many more.
Alexandros practises in civil wrongs litigation, he has been involved in UNICTRAL-based arbitral proceedings in Cyprus in the past, and advises on Cypriot arbitration law.
Alexandros regularly advises on all regulatory aspects of the Cypriot capital market. He has assisted several foreign investment firms and international law firms and advised on the regulation of financial instruments in Cyprus under both the MiFID I and the new MiFID II regimes. He is currently working on a civil action involving fraud in the Cypriot capital market. His recent experience includes the successful representation of a non-executive director of a Cyprus Investment Firm in administrative proceedings before the national regulator (Cyprus Securities and Exchange Commission).
Alexandros regularly undertakes the review of corporate documents of Cyprus companies and commercial transactions and agreements. He further assists with the due diligence review for important mergers and acquisition projects handled by the firm. Notably, Alexandros has recently assisted and advised on a transaction involving the award of concession of the container terminal of the Port of Limassol, to a joint venture of private sector operators.
Alexandros regularly advises clients on the recognition and enforcement of foreign (EU and non-EU) judgments in civil and commercial matters in Cyprus. Prior to joining the firm, he worked at the Grotius Centre for International Legal Studies in The Hague as an assistant to the head of a legal team that represented a defendant before the International Criminal Court and attended The Hague Academy of International Law. As such Alexandros has gained experience in the field of public international law. In his practice he has advised on several legal issues arising from the continued occupation of the northern part of Cyprus.
Alexandros is member of the firm’s team handling two major cases before the General Court of the European Union, challenging the decisions and acts the European Union and its organs in connection with the “bail-in” measures adopted in March 2013 on the Cyprus banking sector. The 100 Applicants represented by the firm’s team seek compensation for (i) the loss suffered on bank deposits as a result of the adoption of these measures (ii) the depreciation (in both value and number) or elimination of their shares and/or bonds held in local banks. Furthermore, Alexandros has previous experience as a human rights lawyer in a Geneva civil society organisation.