TUESDAY, 10 DEC 2019

 

CONNECT

Facebook Linked In Twitter
GAP_Group_2019_728x90px
Baker_Tilly_18/10-19/12_266x90px
IMH LTD

Yiorgos Lakkotrypis: Development of “Aphrodite” Gas Field Continues As Planned

Cyprus President Outlines Eleven Reform Proposals

IMH LTD
GAP_Group_2019_468x60px

BUSINESS

brought to you by Deloitte

Company Profile: Ioannides Demetriou Llc

Company Profile: Ioannides Demetriou Llc

Ioannides Demetriou LLC offers a full range of industry-related legal services in the field of Oil & Gas. Recognised as a leading Oil & Gas law firm in Cyprus, it represents major players in the Cyprus market, including government, semi-government, public and private clients in all aspects of the Oil & Gas supply chain, including upstream, midstream, downstream and Liquefied Natural Gas (LNG).

The firm has been present from the outset of Oil & Gas activity in Cyprus, having represented the Electricity Authority of Cyprus (EAC) before the European Commission Energy Markets Committee in Brussels as early as in 2004.

In 2010, it advised the Electricity Authority of Cyprus (EAC) and its EAC’s external consultants in the United Kingdom in relation to the planned LNG regasification terminal at the Vasilikos Electricity Production Plant.

In 2009-2013, following a competitive tender procedure, the Energy Department of the Ministry of Energy selected Ioannides Demetriou LLC as its legal advisor for the first and second licensing and bidding rounds as well as for the drafting and negotiation of the resulting production sharing contracts for hydrocarbon exploration, extraction and production off the southern coast in Cyprus’ Exclusive Economic Zone (EEZ).

In the above bidding rounds, Ioannides Demetriou LLC, provided legal advice and assistance in negotiations for the preferred bidders for bidding rounds one (Noble Energy Inc.) and two (Eni/KOGAS JV and Total) for hydrocarbon exploration, extraction and production off the southern coast within Cyprus’ Exclusive Economic Zone (EEZ).

Ioannides Demetriou LLC has also advised EAC in discussions on the potential back-to-back long-term gas supply agreement between the Natural Gas Public Company (DEFA) and EAC for the purposes of the interim supply of gas for power production as well as for the two interim solution LNG tender processes instigated by DEFA.

Furthermore, in 2017-2019 Ioannides Demetriou LLC successfully represented a joint venture amongst major LPG-importing/trading companies in Cyprus, which have joined forces for the purposes of constructing and operating new LPG storage terminals, before the Committee for the Protection of Competition, and continues to advise on matters relating to their operations to date.

Ioannides Demetriou LLC was further appointed by the Cyprus Organisation for Storage and Management of Oil Stocks (COSMOS) to advise on a multimillion financing contract with the European Investment Bank to finance the construction of a privately-owned oil storage terminal, and was thereafter selected, following a competitive tender procedure, for the drafting of tender documents with regard to the construction and implementation of the project.

Ioannides Demetriou LLC is the sole Cyprus member of the Energy Law Group, a network of leading law firms specialising in energy law matters. Membership of this exclusive network ensures that Ioannides Demetriou LLC is fully up to date with all legal and business developments pertaining to the Oil & Gas industry.

Other than the field of Oil & Gas, Ioannides Demetriou LLC provides legal and advisory services to both public and private sector clients in the fields of litigation, dispute resolution, corporate law, banking, insurance, financing, mergers/acquisitions, taxation, energy, construction, competition, shipping, aviation law, litigation, Alternative Dispute Resolution (ADR), Build-Operate-Transfer (BOT) / Private Finance Initiatives (PFI).

Litigation/ADR

Ioannides Demetriou LLC’s litigation team is renowned for its expertise in the fields of both international and local commercial litigation, including corporate disputes, banking, financial disputes and public and administrative law recourses in all fields such as promotions, public procurement and administrative law issues before the courts of Cyprus and administrative organs such as the Tender Review Authority, the Competition Tribunal and the full range of arbitration and ADR services. The firm has been involved in many of the largest civil litigation suits heard in Cyprus and in international arbitrations and regularly represents foreign governments and private clients before the courts of Cyprus.

Commercial and Corporate Law

The firm provides the full range of commercial law services to local and international businesses in all aspects of their activities ranging from establishment, structuring and advice on a daily basis in commercial transactions. The firm’s corporate lawyers handle, among others, corporate acquisitions, mergers, corporate finance agreements, corporate reorganisations and restructuring, corporate investigations, international corporate transactions, stock exchange listings and public offerings.

Private Client Services

Ioannides Demetriou LLC also offers private client services to High Net Worth Individuals that add both security and value to the private client to a fully legitimate international legal environment.

Tax Advisory

The firm’s tax professionals provide tax advisory services to both local and international clients in the areas of corporate and personal taxation, asset and wealth management, international tax and estate planning and Value Added Tax. In addition, they can assist with the provision of tax opinions, tax rulings, representations at the tax office as well as tax disputes and litigation in co-operation with our litigation department.

Public Procurement/Government Relations

Additionally, the firm’s prominent position and high level of contacts built through the excellent reputation and expertise of its partners enables it to provide invaluable assistance in the fields of public and government affairs and government relations.

MORE ON BUSINESS

CFA Society Cyprus Welcomed Its New Members

CFA Society Cyprus welcomed its 20 new members at a special award ceremony in Nicosia, in ...

VTTV: Establishing Cyprus as A Regional Energy Hub

VTT Vasiliko Ltd (VTTV), a member of the VTTI Group Global network, which operates oil ...

Monica Potsou Treasurer Cyprus National Association of the Women’s International Shipping & Trading Association (WISTA)

P&O Maritime Logistics (Cyprus), as a firm supporter of female empowerment, proudly ...

FROM AROUND GOLDNEWS

   

FM Christodoulides Condemns the Signing of The `Memorandum` Between Turkey and Libya

Minister of Foreign Affairs Nikos Christodoulides, condemned today the signing of the `memorandum` between Turkey and Libya "allegedly attempting to ...
   

Amazon Says Trump's 'Vendetta' Lost It $10bn Pentagon Contract

Amazon says Donald Trump’s “improper pressure” and behind-the-scenes attacks harmed its chances of winning a $10bn Pentagon contract. The ...
   

Yiorgos Lakkotrypis: Development of “Aphrodite” Gas Field Continues As Planned

The “Aphrodite” gas field is being developed as planned, Energy Minister Yiorgos Lakkotrypis said on Monday. He added that a special agreement with ...
   

Cyprus President Outlines Eleven Reform Proposals

Cyprus President Nicos Anastasiades outlined on Monday the government’s eleven reform proposals calling on the political parties to support their ...
   

Ayia Napa Marina Powered by Cablenet’s Fiberpower® Network

The Ayia Napa Marina has selected Cablenet’s independent network with fiberpower® speeds, in order to provide reliable connectivity ...
   

The Importance of Tax Incentives and The Predictability of the Tax

Investors who are interested in domiciling their business activities to a different country have to consider significant parameters such as the cost and ...
   

President Anastasiades: Let Us Not Follow the Course of Action That Turkey Seeks

Cyprus President Nicos Anastasiades spoke on Monday against following the course of action of provocation sought by Turkey, the CNA reports. President ...
   

Russia Banned for Four Years to Include 2020 Olympics and 2022 World Cup

Russia has been handed a four-year ban from all major sporting events by the World Anti-Doping Agency (Wada), the BBC reports. It means the Russia flag and ...
 

YOUR COMMENTS

HEADLINES

MOST POPULAR

CYTA_Forex_01/11-31/12_300x250px
GloriaJeans_300x250px

IMH LTD