Christos Galanos is a Senior Associate in the Litgation department and focuses commercial disputes, shareholder litigation, liquidation proceedings and disputes relating to banking and finance law.
He has particular experience in advising on cases with a strong cross-border element, and has successfully obtained interim relief in Cyprus in aid of foreign proceedings or international arbitration. He has also successfully registered and enforced international arbitration awards in Cyprus. In 2015 and in 2016 Christos was a speaker at the C5 conference held in London on International Dispute Resolution involving Russian and CIS Parties. In 2016 he was a candidate (suggested for excellence by the Democratic Rally party) in the Cyprus parliamentary elections.
Christos is based in our Nicosia office.
Providing legal advice on the Cyprus law implications of and requirements for a group restructuring of loans entered into by various legal entities with Cypriot banks. Legal opinions were provided inter alia on the formal requirements for concluding the restructuring agreements, on whether set-offs are recognized under Cyprus law, on conditional agreements under Cyprus law and on the validity of agreements for partial repayment under Cyprus law. The value of the loans in question was approximately €93 million.
Obtained a mandatory injunction ordering the secretary of a debtor company to transfer its pledged shares in the client's name. The case concerned a loan of $120 million. The previous shareholder then filed a certiorari application to the Supreme Court which was successfully defended and the mandatory injunction that had been issued by the first instance court was ordered to remain in force.
Was part of the litigation team from our offices that applied to freeze USD 1.75 billion of assets in support of ongoing proceedings before the Irish Courts. The Irish proceedings concern a raider attack on an ammonia production company in Russia. Following our firm’s application, the respondents undertook before the Cyprus Court not to reduce their gross assets below the above amount.
Represented the defendant in a case brought by his former business partner, seeking substantial damages on the allegation of fraudulent misappropriation of a successful business. The matter involved proceedings in several jurisdictions. We successfully defended an application for a freezing order and filed a criminal complaint for perjury against a witness.
Providing legal advice for an international consultancy firm investigating matters pertaining to the Cyprus banking crisis. Advice was provided inter alia on issues relating to banking law, data privacy, Cyprus constitutional rights, legal privilege and criminal procedure.
Securing an order for the liquidation of a Cypriot debtor company. The case involved a loan of $65 million that was granted by a third party and later assigned to the client.