Angelos G. Paphitis

Managing Partner
"The ‘knowledgeable’ Angelos Paphitis is known for his ‘deep, thorough and constructive’ approach", Legal 500 EMEA, 2015; and "it seems like nothing is impossible for him", Legal 500 EMEA 2019. "Very experienced, highly qualified, business-oriented", LEGAL 500 EMEA 2022’
"The ‘knowledgeable’ Angelos Paphitis is known for his ‘deep, thorough and constructive’ approach", Legal 500 EMEA, 2015; and "it seems like nothing is impossible for him", Legal 500 EMEA 2019. "Very experienced, highly qualified, business-oriented", LEGAL 500 EMEA 2022’

Angelos G. Paphitis

Managing Partner
"The ‘knowledgeable’ Angelos Paphitis is known for his ‘deep, thorough and constructive’ approach", Legal 500 EMEA, 2015; and "it seems like nothing is impossible for him", Legal 500 EMEA 2019. "Very experienced, highly qualified, business-oriented", LEGAL 500 EMEA 2022’
Called to the Bar of England & Wales (2001), Gray’s Inn (NP), and the Cyprus Bar (2004), Angelos has extensive litigation and advisory experience primarily on complex corporate and commercial disputes and injunctions. From a business perspective, Angelos has structured and negotiated countless commercial transactions, and having been a true leader and a pioneer of the financial services and fintech industries in Cyprus, he epitomizes the perfect combination. Angelos is the Managing Partner of AGP Law and a hugely passionate lawyer.

Angelos is a person of strong personality, a hard worker motivated for success, an effective team leader who is able to inspire, influential and highly knowledgeable of what he is dealing with. His work ethic, commitment, attention to detail and tenacious approach towards all of his clients has marked him out from his earliest years in practice.

He heads the firm’s Corporate and Commercial Practice; he has a wealth of specialist knowledge on corporate and commercial areas of the law, both in transactional projects as well as in litigation. He is recognized as a leading individual in the legal directories, Chambers Europe, Legal 500 and IFLR1000, for his expertise in commercial and corporate law, tax, banking & finance, and financial services regulatory.

In terms of litigation, Angelos appears in complex and high-profile disputes before all courts in Cyprus (District and Supreme Courts), as well as in international commercial arbitrations (including in the LCIA and ICC). He has a particular interest in cases involving ex-parte injunctions and injunctive reliefs, whether in support of domestic or foreign disputes.

Furthermore, Angelos is the joint head of the FS Regulatory & Fintech Practice of the Firm, representing local and international Tech companies, Investment Firms, e-banks, and FS Institutions.

He is an authorized Insolvency Practitioner (Liquidator) and an active member of the Association of Insolvency Practitioners of Cyprus since 2015, with over 200 insolvency appointments. He is a professional Trustee, registered Trust and Estate Practitioner and a full member of the Society of Trust and Estate Practitioners of the UK (STEP), a holder of the title TEP since 2005 (click here), with over 2 billion euro worth of assets held under trust and over 250 trustee appointments since 2005.

Angelos further advises on local and international tax and corporate structuring, on medium and large-scale real estate matters and, on foreign investments to Cyprus. He frequently acts for high-net-worth and ultra-high-net-worth individuals, entrepreneurs, and companies.

Angelos is fluent in English and Greek.

  • Barrister at Law (2001), Gray's Inn, London, UK
  • Called to the Cyprus Bar (2004), Cyprus Bar Association
  • Registered Trust and Estate Practitioner (STEP), holder of TEP title (full member since 2005)
  • International Tax Planning Association (ITPA), certified member (since 2005)
  • Insolvency Practitioner, member of the Cyprus Insolvency Practitioners Association (since 2015)
  • Acting on behalf of a Russian OJSC, a major logistic and transporting public company in Russia, in aid and support of arbitration proceedings filed at the London Court of International Arbitration (LCIA), have successfully obtained interim prohibitory orders against two Cypriot companies who together hold 49.9% in the OJSC's capital, prohibiting them from exercising their majority shareholders' rights during an AGM of the OJSC, securing a $1.4 billion debt owed by the Parent company of the said two Cypriot companies towards the OJSC, following an leveraged buyout agreement that was concluded during 2012.  For more information click here
  • Representing a large Russian production Group, held by a number of Cyprus private companies, have objected on multiple applications filed by a minority shareholder for the appointment of an interim receiver / manager in an attempt -by the minority shareholder- to take control and/or protect and/or preserve the group's assets in Russia.
  • Acting on behalf of 77 investors against Banc de Binary investment group and its owners and managers for fraud, financial fraud and conspiracy with an intention to defraud, in Cyprus.
  • Representing an Electronic Money Institution (EMI) in Cyprus against the Central Bank of Cyprus for violation of our client's rights, due excessive delay from the Central Bank's side that have caused damage to our client.
  • Representing two private investors on the potential acquisition of a majority stake in a private hospital in Cyprus on a €30 million deal.
  • Representing a Russian ultra-high net worth individual of the Russian Forbes billionaire list, in connection with disputes in Cyprus over matrimonial assets.
  • Represented Mr Sergey Mayzus and his group of companies (OKPAY and Moneypolo), been victims of the BTC-E scandal and a conspiracy well-orchestrated against them by a number of criminal money launderers, which resulted to fatal reputational damage and substantial losses to our clients. Following legal action filed before the District Court of Limassol (Cyprus) our clients have successfully proved their case and been awarded compensations of just over €38 million.  For more information click here.
  • Represented 5 out of 14 Defendants in a legal action against a group of Cypriot, Russian, and offshore companies and individuals, for alleged corporate fraud, deceit, conspiracy to injure. The claim is for €25 million, and prohibitory injunctions have been issued against our clients on an ex-parte (without notice) basis.  Have successfully opposed the interim orders the court, having decided on our favor, has cancelled the interim order and rejected the Applicants' petition.
  • Engaged by a Cyprus Holding company of a large Russian group, in a claim of 47 million euro, submitted by a business associate/partner of the group alleging violation of a Put Option and Call Option agreement. The claimant attempted to freeze our clients’ bank accounts and assets up to the value of the claim (i.e. up to 47 million). Having submitted an objection to the claimant’s application for interim order, the application as well as the action was withdrawn and rejected by the court.
  • Representing a Ukrainian business woman, have successful appointed on an ex-parte basis an Interim Receiver/Manager over 5 Cyprus companies, which in turn hold shares in over 40 Ukrainian companies, in the agriculture business.
  • LL.B (Hons) Law, London South Bank University
  • LL.M (Commercial & Corporate Law), UCL, University of London
  • BVC (Barrister), Bar Vocational Course, City University, London – Inns of Court School of Law
  • PgD (International Tax Law), Rober Kennedy College, Zurich
  • Cyprus Bar Association,
  • Limassol Bar Association,
  • Honorable Society of Gray’s Inn, London,
  • Society of Trust and Estate Practitioners (STEP),
  • Cyprus Insolvency Practitioners Association,
  • International Bar Association,
  • International Tax Planning Association,
  • International Law Office,
  • International Trademarks Association,
  • Cyprus – Russia Business Association,
  • Cyprus – China Business Association,
  • Cyprus Chamber of Commerce and Industry,
  • Limassol Chamber of Commerce and Industry.

What they say


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