SCORDIS, PAPAPETROU & CO LLC, is a Lawyers’ Limited Liability Company regulated by the Cyprus Law Council and the Cyprus Bar Association, providing services to clients both in Cyprus and worldwide. It was established in 1973 as a result of the merger of the practice of its founding members, Andis Scordis and Michalis Papapetrou. In 2011 the Firm merged with Adamos K. Adamides & Co, a law firm based in Limassol. In 2018 the Firm merged with Michaelides & Michaelides, also a Limassol based law firm and one of the oldest law firms in Cyprus (established back in 1922 by the late Andreas G. Michaelides in Famagusta, where it was operating until 1974).
SCORDIS, PAPAPETROU & Co (the “Firm”) now incorporates by way of merger Adamos K. Adamides & Co and Michaelides & Michaelides and, as a result, the partners, members and employees of the latter have become partners, members and employees of SCORDIS, PAPAPETROU & Co and are all located at the Firm’s new Limassol offices.
Building on the first successful merger in 2011 and the co-founding in 2012 of SPA Financial Services Ltd, a successful licensed financial services company, the latest merger further enhances the multi-faceted practice of the firms, creates synergies and joins practices, as well as lawyers and other professionals, who share a common culture and vision and a reputation for excellence.
The Firm, looks to the future with confidence on the basis of nearly two centuries, in the aggregate, of history, practice and expertise with 36 advocates and legal consultants, 16 in house qualified professionals of related disciplines and around 55 paralegal, administrative and other personnel with Offices in Nicosia, Limassol, Moscow, Athens and Valletta.
The Firm provides a comprehensive range of services through lawyers and qualified professionals from other disciplines, with particular expertise in:
Company and commercial law matters: The Firm has acted or advised on a multitude of multi-million financial transactions, most with a cross-border element and the provision of specialised advice on a variety of corporate and commercial matters forms part of its day-to-day practice. Such matters include tax planning, corporate mergers and acquisitions, venture capital and real estate investments, joint ventures, escrow arrangements, reorganisations and other complex commercial projects.
Domestic and international litigation: Apart from its long standing strong general domestic litigation practice which includes acting on behalf of banks and other financial institutions, municipalities, public bodies ,companies and individuals, the Firm has established a ‘beyond the borders’ reputation having acted, instructed or advised in relation to international multi-million claims resulting in litigation in Cyprus, the US, UK, BVI, Switzerland, Russia, Greece or arbitration in Cyprus, London (LCIA), Zurich (ZCC), Stockholm (SCC), International Court of Arbitration (France), International Chamber of Commerce and Moscow (ICAC). The international practice includes numerous highly publicised and hotly contested litigation and arbitration cases.
Company formation and the provision of corporate services: The Firm is a leader in the field of company formation and in the establishment and organization of structures for international investments. A wide range of services, including corporate, tax & VAT advisory, accounting, secretarial, banking support, escrow and trusteeship services, is provided by Scordis, Papapetrou & Co (Corporate Services) Ltd and other group entities through in-house tax consultants, accountants and other qualified professionals who deal with the day- to -day needs of the Firm’s clients.
The wide range of services provided by the Firm is in line with the role of Cyprus as an international business centre, having the advantage of being an EU member state with close proximity to the Middle East and close ties to Eastern Europe and Asia.
The Firm’s activities in Russia, which date from 1991, now take the form of a local subsidiary JSC “Scordis, Papapetrou & Co” and a Representative Office operating out of offices on the Moscow embankment at the address appearing above. The Athens presence (since 1999) is also from centrally located offices at the address appearing above. All of the Firm’s offices are wholly owned by entities affiliated to the Firm.
Quality of Service
This is accomplished by a precise and clearly defined structure of responsibilities within the Firm leading up to the partners. At the same time the Firm is very careful in choosing its members at every level. Members are also encouraged and expected to participate in seminars and training sessions in their field both in Cyprus and abroad.
One important element of the high standards enjoyed by our Firm is the loyalty shown by the Firm to all its members, which in turn is reciprocated by the members themselves. This element, to which the partners of the Firm attach the greatest importance, is the result of close inter-personal relationships within the Firm and an understanding attitude towards the members' individual requirements.
Finally the Firm appreciates the importance of always being at the forefront of technological advances and modern methods of work continuously improving efficiency and service to its Clients.
The establishment of a close working relationship between client and lawyers of the Firm is our overwhelming priority. We think that the best way to achieve this is through the personalisation of our services. This is done by viewing the parameters and circumstances of each case separately and giving advice tailored to the individual case in hand. At the same time our advice is given intelligibly and in a language readily comprehensible by our client who may not be versed in the intricacies of legal terminology of the legal profession. We believe that our advice, especially in a fast changing business environment, should be given swiftly, and in full awareness of the business context.
Clients of our Firm
Individuals in all fields of General Practice and Litigation, International Companies of every kind, major international Law Firms, national Law Firms, Accountancy/Audit firms, Banks, Trust Funds, Venture Capital Companies, Real Estate Companies and Developers, Shipping Companies, Ship-owners, Traders, Manufacturers, Factories, Producers, Contractors & Developers, Estate Companies and Agents, Transport Companies, Individual entrepreneurs, Professionals (Local and Foreign Lawyers and Accountants), Investors, Municipalities, Governmental and Quasi-Governmental Agencies and Authorities, Embassies, Co-Op Firms, Trade Unions, local and international Insurance Companies, Hoteliers, Travel & Tourist Operators, Societies, Athletic Clubs; virtually persons and companies from all sectors, local and foreign, are represented in our list of clients.