Marina Hadjisoteriou is the Head of the Litigation Department in Limassol.
She specialises in the field of litigation with a cross border element.
Marina has consistently been recommended in the latest editions of the Legal 500 EMEA Directory as a specialist in her field and as one of the ‘Next generation lawyers’. She ‘crafts a legal case like a spider crafts his web’ (Legal 500 EMEA Directory 2018) and she ‘comprehends complex matters quickly and explains things well to clients’ (Legal 500 EMEA Directory 2017).
Marina is also a member of the Cypriot charitable organisation Sophia Foundation for Children. She visited the projects of the Foundation in Kenya in February 2017 along with four other volunteers. The volunteers did voluntary work with the guidance of the people in charge. They then ascended Mount Kenya, the highest mountain in Kenya and the second highest mountain in Africa. The whole mission had the scope to create awareness and to promote the work of the Foundation in its struggle to support children in need, both in Cyprus and in Kenya, as well as the concept of volunteering in general.
She is also one of the legal advisors of the Foundation on a pro-bono basis.
Applied successfully to the Cyprus Courts on behalf of European and international clients to have registered and recognised foreign judgments and foreign arbitral awards in Cyprus on the basis of the Judgments of Foreign Courts (Recognition, Registration and Enforcement under Statute) Law 121(1)/2000, the European Council Regulation No. 1215/2012 of 12 December 2012 on jurisdiction and the recognition and enforcement of judgments in civil and commercial matters, the New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards of 1958 which was ratified in Cyprus by Law No. 84/1979 and the International Commercial Arbitration Law No. 101/1987.
Was instructed by a company which is licensed by the Cyprus Securities and Exchange Commission to provide investment services and successfully opposed a worldwide freezing order in the amount of USD $2 million issued against it by a Cypriot Court on the basis of the European Regulation 1215/12. The freezing order was issued following an application of a Romanian former client of the company, in aid of Court proceedings filed in Romania against the company. A very important point of law was also raised which was whether an interim order issued by the Cyprus Court in aid of Romanian Court proceedings could cover assets which are outside of Cyprus. The Court held that it could not.
Has applied successfully to the Cyprus Courts on behalf of international clients for the liquidation of companies on the basis that the companies were unable to pay their debts. One of these clients was one of the largest Dutch banks which had provided a loan in the amount of USD $70 million to a Cypriot company. A settlement was reached between the parties following the filing of the liquidation application against the debtor Cypriot company.
Is currently representing the Russian subsidiary of an international law firm in a liquidation application it has filed against a Cypriot company. The liquidation application was filed due to the failure of the Cypriot company to settle invoices for legal services provided in relation to the recording of transfer of rights on trademarks (of a well-known brand of Vodka) in its favour in more than 100 countries worldwide.
On a number of occasions convinced the Cyprus Courts to issue world-wide mareva orders and obtained interim relief in aid of foreign arbitral procedures on the basis of the International Commercial Arbitration Law 101/87.
Is part of an international team handling a high profile cross border action in relation to a dispute between the owners of a substantial Russian oil refinery in Krasnodar, Russia which was valued in 2016 at approximately USD $600 million. A number of cases in Cyprus and the BVI have been filed as a result of this dispute.