Yiannis Karamanolis


Yiannis joined the firm as Senior Associate in 2014 and has been a Partner since 2017.

He has significant experience in a wide range of contentious matters, focusing on international commercial litigation and corporate disputes, winding-up applications, breach of contract, product liability, competition law, construction and real-estate disputes and employment law claims.

He also represents clients in multi-jurisdictional cases which require the issuance of interim freezing and disclosure injunctions in management and corporate control disputes, derivative shareholders’ claims, breach of fiduciary duties claims, unlawful termination of distribution franchise and licensing agreements and complex banking litigation cases involving legal entities under liquidation or administration.

Besides representing clients in court at all levels, he advises clients on commercial agreements and strategies to reduce their potential exposure to litigation.


  • Cyprus Bar Association (2009)


  • LLM in Commercial & Corporate Law (Distinction), Queen Mary University
  • LLB in Law Faculty, National University of Athens


  • Greek
  • English

Areas of Practice

Yiannis has significant experience in a wide range of contentious matters, but his practice focuses on commercial litigation and corporate disputes.

He represents clients in multi-jurisdictional cases which require the issuance of freezing and disclosure injunctions, in management and corporate control disputes, derivative shareholders’ claims, breach of directors’ and fiduciary duties claims, winding up applications and in domestic proceedings for the enforcement of foreign judgments and arbitral awards.

Some of his recent notable cases in the field of litigation, arbitration and mediation include the following:

  • Acting for a Dutch company, which is a part of a large group of companies with activities worldwide, on a complex fraud case pending in multiple jurisdictions which was filed two derivative actions for the fraudulent alienation of assets of the company amounting to 100 million USD.
  • Acting for several defendants in a very high-profile dispute which was raised after the enforcement of a share pledge by one of the biggest banks in Russia, where the plaintiff alleges that the enforcement of the share pledge and the acquisition of the share by one of the bank’s subsidiaries caused damage of approximately 30 million EUR to the Plaintiff and constituted a major conspiracy between the bank, its subsidiaries and their nominee directors in Cyprus to defraud the debtor.
  • Representing one of the biggest internet and technology companies, specialising in internet-related services and which, inter alia, operates the biggest search engine in the Russian Federation, in an action filed by a competitor, claiming damages for an alleged breach of a Non-Disclosure Agreement.
  • Representing two BVI companies in two separate legal matters in relation to the fraudulent actions, conspiracy and dissipation of assets in the region of 20 million EUR, by the majority-controlled board of directors of a Cypriot holding company and its Russian subsidiaries.
  • Advising and representing, a Swedish company which is a creditor of a group of companies with subsidiaries and activities in Cyprus, Sweden and the USA, in the context of a worldwide injunction, freezing the assets of the respondents and the rest subsidiaries of the Group, pending the arbitration proceedings against the debtor before the Arbitration Institute of the Swedish Chamber of Commerce.
  • Acting for Saipem SpA, one of the global leaders in drilling services, as well as in the engineering, procurement, construction and installation of pipelines and complex projects, onshore and offshore, in the oil & gas market, on claim for damages filed by a drilling subsea engineer.

Yiannis advises on Human Resources issues, on equality and diversity issues, disciplinary and grievance procedures, employment data protection issues, employment aspects of company restructuring, transfer of undertakings, redundancy and provident and pension funds issues. He also advises several domestic and multinational companies regarding employment law issues arising from the implementation of voluntary severance schemes, prospective mass redundancies of their employees and major internal restructurings.

He regularly deals with negotiating and drafting contracts of employment, restrictive covenants, confidentiality agreements, restraints of trade, as well as compromise and release agreements and employer’s manuals.

As a member of the firm’s litigation team, he represents clients (both employers and employees) in complex court cases before the Industrial Disputes Tribunal the District Courts of Cyprus and the Supreme Court of Cyprus, in connection to Unfair and Wrongful dismissal disputes, Constructive Dismissal disputes, as well as Mass Redundancies and TUPE disputes.

Yiannis has been recognised by the Legal 500 EMEA as a Next Generation Lawyer for employment law, and singled out for his “prompt, clear and practical advice”.

He is also a member of the European Employment Lawyers Association (EELA).

Recent cases he has worked in the field of employment law include the following:

  • Advising several banking institutions and multinational companies (including Barclays PLC, USB Bank, AS Expobank) regarding employment law issues arising from the implementation of a voluntary severance scheme, prospective mass redundancies of their employees, as a result of the implementation of new technologies and major internal restructuring.
  • Advising the British High Commission in Cyprus on employment law issues under the Cyprus Termination of Employment Law.
  • Advised Microsoft UK on employment and data protection law issues regarding their hiring procedures and candidate/employee background checks.
  • Advised the Greek and Cypriot branch of Leroy Merlin, the famous worldwide group of companies specialising in sales of products and solutions in the DIY market, in relation to their agreements with independent contractors.
  • Advised Eni SpA, the Italian multinational oil and gas company, in relation to secondments of Employees, the European Directive 2014/67/EU and its implementation in Cyprus.
  • Advised SAP SE, a German multinational software corporation that produces enterprise software to manage business operations and customer relations with regional offices in 130 countries, in relation to the applicable legal framework on Collective Redundancies.
  • Advising Jet2 Airlines and their affiliated company, which is one of the UK’s third largest holiday operators, regarding the applicable procedures and requirements for their registration as employers in the Republic of Cyprus, the main aspects of the domestic employment legislation and the applicable procedures and requirements for the hiring of employees.
  • Represented a multinational pharmaceutical company, within the framework of the transaction for the acquisition of a Cypriot pharmaceutical company, including provision of advice on transfers of undertakings, fixed-term employment agreements, confidentiality and non-compete terms under Cypriot law.

Yiannis regularly handles complex banking litigation cases involving legal entities under liquidation or administration and he regularly represents banking institutions and administrators/liquidators before the District Courts and the Supreme Court.

He is a member of the firm’s legal team representing 284 shareholders and bondholders of the Cyprus Bank Public Co Ltd, in an action brought before the District Courts of Cyprus against the Republic of Cyprus, the Central Bank of Cyprus, the Restructuring Authority, the Special Administrator of the Cyprus Popular Bank Ltd and the Bank of Cyprus Public Co Ltd, regarding the decisions and acts of the above institutions for the implementation of the “bail-in” measures that were imposed by the Eurogroup, in March 2013.

Yiannis’ practice covers also contentious aspects of intellectual property and he is a member of the firm’s team of experts, who advise and represent clients in intellectual property litigation cases.

He was a member of the litigation team that represented Hellenic Petroleum Cyprus Ltd in an interim injunction application that was filed by AVIA International against Hellenic Petroleum, in the context of a claim for an alleged breach of the claimant’s intellectual property rights. Furthermore, he represented CET-21 a Czech media company, in the context of a worldwide order prohibiting the Defendants and their representatives from committing any acts of infringement regarding the intellectual property rights of the plaintiffs.


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Call: +357 22 777000   |   Email: info@chrysostomides.com.cy

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