Dr Kypros Chrysostomides is the firm’s Chairman, and one of Cyprus’ leading corporate and tax lawyers. He specializes in business law generally, human rights law, international and constitutional law, and has published extensively on all these subjects.
During the early years of his career, Kypros was appointed a research fellow in Private International Law at the University of Bonn and later also worked at the European Commission of Human Rights in Strasbourg. Today, he leads a number of the firm’s departments and is particularly known for his corporate law skills, and his substantial experience and expertise in international and tax law.
He is a member of the Cyprus Bar Association, the Greek Institute of International Law, the International Law Association, the International Bar Association and the European Law Institute. He was a member of the ICC International Court of Arbitration for two consecutive terms, until June 2018. He is currently a member of the ICC Commission on Arbitration and ADR, serving his second term.
Kypros is one of Cyprus’ most prominent tax lawyers. He advises on and assists with the implementation of tax planning schemes of large multinational enterprises and smaller companies alike, involving Cyprus and its double tax treaties network. The Legal 500 EMEA includes him among the leading individuals for this area of practice, stating he is among the ‘best tax lawyers in Cyprus’.
Widely acknowledged as one of the leading lawyers in Cyprus for corporate and commercial law, Kypros has advised on some of the country’s largest and most complex multi-jurisdictional transactions. He leads the team of lawyers who work with several high-profile clients, including well-known multinational groups, medium-sized entities and high net worth individuals. Chambers Europe list him as a Senior Statesman for this area – the highest recognition by this directory – and the Legal 500 EMEA include him among leading individuals.
Kypros has extensive experience in this area, with emphasis on high-value cross-border transactions, working with both domestic and international clients. He advises on the structuring and implementation of joint ventures and cross-border structures in a variety of industries and service sectors, including banking institutions, private equity funds and international corporations, and has been involved in the preceding due diligence, tender procedures, as well as the completion of a number of take-overs of substantial magnitude.
Kypros’ in-depth understanding of EU institutions and policies, and extensive experience in both the private and public sector, advising companies, industry associations and governmental bodies, allow him to ably assist clients with achieving their business objectives across the main regulatory fields governed by EU law, including competition, trade, environment, free movement of goods and services, consumer protection, privacy and data protection.
He leads the two legal proceedings brought by our firm before the General Court of the European Union against the decisions and acts of the European Central Bank, the European Commission, the Council of the European Union, the Eurogroup, and the European Union as a whole, in connection with the ‘bail-in’ measures which were imposed on the Republic of Cyprus in March 2013.
Within this field of practice, Kypros’ extensive experience includes advising leading local and international banks and other financial institutions, syndicates of lenders, as well as borrowers, on significant multi-million financing transactions. Furthermore, he advises banks and other financial institutions on complex regulatory and compliance cases concerning banking regulatory matters, corporate governance, new and existing banking products and payment solutions.
Kypros’ expertise in this area includes advising regulated corporate clients, public and governmental bodies on the interpretation and application of laws, in relation to the constitutionality of laws, on fair procedures in fulfilling statutory functions and on administrative actions where necessary.
Headed by Kypros, the firm’s practice prides itself on its involvement in a significant number of high-profile applications before the European Court of Human Rights in Strasbourg (where he also worked for a period of time), from as back as 1989. Kypros possesses extensive experience in this field of practice and is involved in the preparation, submission and hearings before the European Court of Human Rights of applications concerning alleged violations of human rights for local and international clients.
Kypros advises on issues pertaining to the recognition and enforcement in the Republic of Cyprus of foreign commercial and civil court judgments issued within the EU or in third countries, pursuant to international or bilateral treaties or on the basis of common law or mutuality and reciprocity principles. She has also acted for a number of foreign entities seeking to enforce foreign arbitral awards in Cyprus.