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.
People
Contact Details
- T: +357 22 447777
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P.O. Box 21150
1502 Nicosia, Cyprus17 Stasinou Avenue
1060 Nicosia
Cyprus
Languages Spoken
English, Greek, French
Christos Galanos
Partner
“Christos Galanos is an outstanding lawyer, very fast to respond, very diligent, communication is easy and solutions provided are elegant and effective” – Legal 500 Latest Edition
Christos Galanos is a Partner in the litigation department. He focuses on commercial disputes, shareholder litigation, liquidation proceedings and disputes relating to banking and finance law.
Christos 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.
Practice Area Specialization
Credentials
Education
LLB, University College London (UCL), UK (2006-2009)
M.Phil. University of Oxford (St. Antony’s College), UK (2009-2011)
Professional Memberships
Cyprus Bar Association
Famagusta Bar Association
Specialization
Commercial Disputes
Shareholder Litigation
Liquidation Proceedings
Banking and Finance Law
Career progression
Partner, Michael Kyprianou & Co LLC (since 2021)
Senior Associate, Michael Kyprianou & Co LLC (2018-2021)
Associate, Michael Kyprianou & Co LLC (2012-2018)
Experience
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.
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.
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 application, the respondents undertook before the Cyprus Court not to reduce their gross assets below the above amount.
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.
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.
