In recent years the law firm has been involved in a number of important transactions and high profile cases:
TRANSACTIONS -
The Moscow office of Herbert Smith has advised ING as arranger on the recently completed $400m syndicated loan for TNK, Russia's third largest oil company. It is the largest syndicated loan in Russia this year. Essential part of the deal included advice on the laws of Cyprus. Michael Kyprianou & Co. has advised with respect to the Cyprus legal issues involved. -
Has advised Lloyds TSB on a 4million loan to a UK subsidiary company of a Cyprus public company. -
Intellectual property: The firm's greatest growth over the past year has come through the constant referral on IP matters from leading law firms and multinational companies in the matter of trademark and patent protection in Cyprus. The firm is now acting in several cases of passing off and infringement. The firm manages trademark portfolios for companies with activities in Europe and Asia. COURT CASES Has filed a recourse and appeared before the European Commission of Human Rights and the European Court of Human Rights on behalf of the families of a young couple killed in a police rescue mission under circumstances allegedly constituting a violation of the right to life. The landmark case of the founding partner of our law firm Michael Kyprianou, who represented the Republic of Cyprus and the Autocephalous Greek Orthodox Church of Cyprus in the returning Kanakaria Mosaics, stolen from the Kanakaria Church, consisting of a handful of the rarest holy Byzantine artefacts to survive into the twentieth century. Has acted for a plaintiff client in a claim exceeding US$ 1.500.000 against a foreign bank for an allegedly unlawful cancellation of his overdraft facilities exceeding US$ 2.500.000. Has acted on behalf of a presidential candidate in the February 1998 elections against a local newspaper for articles about his personal life published a few days before the elections which our client subsequently narrowly lost. Has acted for a plaintiff client against a foreign bank claiming damages exceeding US$ 2.000.000 for alleged refusal of the bank to make prompt transfer of money, thus leading the client to be in breach of contract with a third party. Was involved in litigation concerning a 3 million Euros dispute between two multinational gold trading companies. Was involved in litigation concerning the allegedly fraudulent activities of a network of high positioned land registry employees whereby, with the use of complex procedures, immovable properties worth millions of Cyprus pounds were transferred to third parties. This was the most widely publicised case in Cyprus in 2002. Has been assigned by KPMG Cyprus a case of an alleged fraud of USD 500.000 by the Cypriot director of a multinational company that maintains branches in Cyprus. Has has defended the New York Times and the International Herald Tribune in a libel case wherein a prominent Cypriot politician claimed damages exceeding one million Cyprus pounds for articles repeatedly published in the newspaper alleging that he had illegal dealings with Serbian businessmen. Is now acting on behalf of a US firm in a high profile lawsuit dealing with money laundering and which the claim is for USD 30 million. -
Has filed an action against one of the largest Russian energy companies claiming that a USD 7.5 million contract be declared null and void on the grounds of duress and undue influence.
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