About Us – Economou LLC

About Us

Our Firm

Welcome to our boutique law firm, specialising in various areas of law with a strong focus on commercial litigation, arbitration and cross-border disputes. With an exceptional educational background, extensive professional experience, and an unwavering commitment to delivering outstanding legal services, we are dedicated to providing effective representation and advice to our clients.

Our Vision

We prioritise delivering personalised and reliable legal services tailored to meet the unique needs of each client. With a steadfast devotion to professionalism, integrity, and diligence, we strive to achieve the best possible outcomes for our clients while consistently promoting their best interests.

Our Founder

Theodoros Economou completed his law studies at the University of Southampton, graduating with LL.B. honours in 2013. He further enhanced his legal expertise by completing a stage at the Court of the European Union, gaining valuable experience in EU law. Prior to founding our law firm, Theodoros gained invaluable experience working at one of Cyprus’ largest and most reputable law firms. This exposure to a wide range of complex legal matters and cases contributed to his well-rounded skill set. In recent years, he has been extensively involved in handling high-stakes international litigation disputes, allowing him to develop a deep expertise in this particular area. Recognised as a rising star in dispute resolution by Legal 500 for three consecutive years, Theodoros has earned a reputation for excellence and dedication to his clients, making him a sought-after legal professional in the field. Legal 500 acknowledges his work on all aspects of litigation, arbitration, and mediation.

Legal 500 Rising Star

Theodoros Economou
Highlights
Arbitration
  • Represented a distinguished hospitality management company renowned for its expertise in operating and overseeing hotels and resorts in an ICC arbitration dispute against a hotel owner over a breach of the management agreement.
  • Acted as legal counsel for a major Ukrainian energy company in an application for interim relief filed against it in support of a multi-million euro dispute submitted to the Singapore International Arbitration Centre.
  • Acted for a major Ukrainian financial and industrial holding company with over 100 businesses spanning metals and mining, power generation, banking and insurance, telecommunications, media, and real estate, in successfully resisting recognition and enforcement in Cyprus of a multi-million LCIA award issued against the company.
  • Represented the holder of a multi-million LCIA award in recognition and enforcement proceedings pursued in Cyprus, obtaining a freezing injunction to prohibit the alienation of assets pending the recognition proceedings, as well as obtaining a freezing injunction post-recognition, in aid of execution proceedings.
  • Acted for one of the biggest metallurgical companies in Ukraine in successfully resisting recognition in Cyprus of a multi-million award issued by the Stockholm Chamber of Commerce against the company.
  • Represented the holder of an LCIA arbitration award exceeding €60 million in recognition proceedings conducted in Cyprus, obtaining a freezing injunction against the respondent.
  • Acted for the successful party in a jurisdiction application in the context of an application for interim injunctions in support of an upcoming LCIA arbitration.
  • Acted for a prominent audit firm in an arbitration initiated by a former shareholder based on alleged breaches of the shareholders’ agreement pertaining to the shareholder’s exit from the firm.
  • Provided advice to a high net worth businessman regarding resisting potential recognition and enforcement of an LCIA award in Cyprus and the implications of enforcement measures against the individual and his assets.
International Commercial Litigation
  • Represented several investors based in China in a claim seeking the conversion of their preference shares into ordinary shares, along with obtaining a freezing injunction against the company prohibiting the alienation of its assets pending the adjudication of the claim.
  • Represented a financial and industrial holding company in successfully discharging an interim injunction that had frozen assets totalling USD 820,571,739.71. The dispute in question revolved around various torts allegedly committed during the privatisation of a former state-owned telecommunications company.
  • Acted for the successful parties in discharging a freezing injunction issued against them in a conspiracy claim, which had frozen the amount of USD 133,800,000.
  • Acted for a Chabra defendant in opposing a freezing injunction application for the amount USD 276 million, in aid of a claim brought before the Commercial Court of England & Wales.
  • Acted for a renowned global investment and finance conglomerate in interim measure proceedings pursued in Cyprus, in aid of court proceedings pending in Czech Republic and the Netherlands for an amount over €100 million concerning multiple breaches of loan agreements.
  • Acted for the largest bank in Ukraine in a €4 billion professional negligence claim against one of the big four audit firms.
  • Represented a high net worth real estate investor in a claim exceeding half a billion euros, involving allegations of fraud, conspiracy, and other torts, challenging interim injunctions issued against the investor and affiliated companies.
  • Acted for a prominent businessman, former CEO of one of the world’s leading producers of phosphate-based fertilisers, in an application for interim injunctions in aid of a claim brought before the Commercial Court of England & Wales.
  • Represented the largest bank in Ukraine in various legal proceedings, including claims by various depositors following the bail-in of their deposits.
  • Acted for the successful party in an application to register in Cyprus a judgment issued in Ukraine, with a judgment amount exceeding USD 8 million.
  • Represented the Defendant in a corporate dispute, challenging the jurisdiction of the Cypriot court under the EU Recast Regulation and contesting the service of the writ of summons to Italy.
  • Acted for the Claimants in an action involving an application for an anti-suit injunction prohibiting the Respondents from pursuing a parallel action in the British Virgin Islands.
  • Acted for the chairman of a Chinese telecoms company in an action filed by a Cypriot company, involving allegations of conspiracy and deceit.
  • Represented a prominent banker and financier in a defamation action, including filing an application challenging service out of jurisdiction, regarding an alleged defamation during his attendance at a conference in Cyprus.
  • Represented the receivers of a former chairman of one of the largest banks in Kazakhstan in registering a receivership discharge order, issued by the Commercial Court of England & Wales, in Cyprus.
  • Provided legal advice to a businessman based in Ukraine in recognising and enforcing in Cyprus a judgment issued by the Commercial Court of England & Wales, and obtaining a charging and sale order against shares held in a Cypriot company.
  • Assisted a regulated financial services firm and developer of RegTech solutions, based in Australia, with expert advice on the procedural aspects of registering and enforcing an Australian judgment in Cyprus.
  • Providing advice on the enforcement in Cyprus under European Enforcement Order pursuant to EU Regulation 805/2004.
  • Advised a businessman based in Ukraine on initiating a legal action in Cyprus for fraud, conspiracy, causing loss by unlawful means and procuring breach of contract, following a deceitful restructuring by borrowers of various loan agreements to evade repayment.
Corporate Insolvency & Restructuring
  • Represented a prominent cross-border asset and corporate service provider based in Hong Kong in an application to wind up a company that was unable to fulfil its payment obligations under a Sale and Purchase Agreement (SPA) relating to the ownership of a hotel in Cyprus.
  • Represented the subsidiary of multinational company specialising in the production and distribution of plastic products and solutions in an application by a minority shareholder to wind up the company.
  • Represented a wholly-owned Cypriot subsidiary of a major Ukrainian company with over 100 businesses spanning metals and mining, power generation, banking and insurance, telecommunications, media, and real estate, in winding-up proceedings.
  • Acted for a renowned global investment and finance conglomerate incorporated in the Czech Republic in pursuing winding-up proceedings against a European Company registered in Cyprus, due to the inability of the company to pay its debts.
  • Advised a company engaged in cryptocurrency exchange services, on matters related to Cypriot Law within the context of Chapter 11 proceedings under the U.S. Bankruptcy Code.
  • Provided legal advice on the duties of European Companies registered in Cyprus in accordance with the Regulation (EC) No. 2157/2001 and on the possibility of bringing winding-up proceedings against such a company under Cypriot Law.
  • Provided legal assistance to a shareholder of a Cypriot company, the owner of a prestigious hotel, in initiating and filing winding-up proceedings against the company, based on the ground of being just and equitable for the company to be wound up.
Dispute Resolution
  • Successfully represented one of the most popular search engines in the world in a jurisdiction challenge involving Norwich Pharmacal orders and prohibitory injunctions in a complex defamation case.
  • Acted for a prominent billionaire involved in the mining industry in a high-profile case centred around the division of substantial matrimonial assets following a divorce with his ex-wife.
  • Acted for the co-founder of a prominent investment management firm following the dissolution of his relationship and professional partnership with his ex-wife, which resulted in a widely-publicised divorce, leading to legal disputes that spanned over several years, including a matrimonial property dispute, intellectual property infringement dispute and claims under several trusts.
  • Acted as counsel for a defendant, a partner of a prominent law firm, in a derivative action, challenging interim injunctions obtained against the client by the claimants.
  • Acted for the Defendant in obtaining a stay of execution of a USD 20 million judgment pending the hearing of the appeal before the Supreme Court.
  • Acted for a prominent cross-border asset and corporate service provider based in Hong Kong in an action against a number of contractors, alleging breach of several Service Fee agreements which provided for a service fee for every client introduced by the corporate service provider.
  • Acted for one of the largest banks in Cyprus in a case filed by a former employee alleging unlawful termination and seeking damages exceeding half a million euros.
  • Represented the leading newspaper in Cyprus in several defamation actions.
Real Estate
  • Advised a Swedish multinational retail company specialising in fashion and clothing in drafting a contract for the construction of their inaugural retail shop in Cyprus.
  • Represented a Singaporean investor who acquired property within a popular resort which was under construction, advising on viable remedies against the seller due to the project’s overall incomplete state.
  • Effectively represented the interests of a prominent construction company in Cyprus in a multimillion-euro dispute arising from the alleged failure of the architect to issue a final certificate and the erroneous issuance of interim certificates for a major construction project.
  • Represented a real estate agent in a legal action against one of the largest banks in Cyprus, seeking the recovery of unpaid commission.
  • Represented the owner of a construction project facing legal action from a buyer due to delays in completing the construction and delivering the properties.
Other Significant Engagements
  • Successfully represented a former director of a listed company operating a fleet of tankers for oil and petroleum product transportation in a criminal case involving unpaid VAT totalling over 8 million EUR.
  • Represented a prominent audit firm in disciplinary proceedings for alleged breaches of IFRS standards.
  • Successfully represented multiple judges in administrative recourse proceedings, challenging legislation affecting judges’ pensions.
  • Provided representation for respondents in disciplinary proceedings related to inadequate monitoring measures under The Prevention and Suppression of Money Laundering and Terrorist Financing Law.
  • Represented a disciplinary body in a significant disciplinary action against multiple contractors for breach of the contractors’ code of conduct due to their alleged involvement in acts of bribery.
  • Advised a Ukrainian individual on anticipated extradition proceedings from Cyprus to Ukraine.
  • Provided assistance to a multinational banking and financial services corporation regarding the scope and interpretation of AML legislation.
  • Provided advice to international clients on the relevant framework governing the preservation and confiscation of assets under the applicable AML legislation.
  • Provided legal advice on the grounds for non-execution of a European Arrest Warrant and other relevant incidental matters pertaining to a potential extradition to Austria.
  • Providing guidance on reservations and objections pertaining to letters of request for pre-trial discovery of documents in Cyprus pursuant to Hague Convention on the Taking of Evidence Abroad in Civil or Commercial Matters.

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