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Costas has extensive experience in corporate, commercial, finance and shipping law matters and associated litigation. He has been a member of the shipping committee of the Cyprus Bar Association since 2010 and also acts as a visiting lecturer at a local university. He is a Licensed Insolvency Practitioner.

Relevant Experience

  • Advising on enforcement and insolvency proceedings including winding up applications, appointment of provisional liquidator, examinership and schemes of arrangement
  • Advising a leading international bank on the debt restructuring of a major Cyprus based ship owner and operator
  • Advising the receiver of a group of companies in relation to preferential payments and sale of assets
  • Acting for a client in multi-million debt recovery and ship arrest proceedings
  • Acting as local counsel of the Cyprus arm of a global container and logistics conglomerate and advising on disputes concerning the carriage of goods by sea.
  • Acting for a marine insurer in collision proceedings
  • Acting for a Swiss-based shipowner in relation to corporate and finance matters and registration of the fleet under the Cyprus flag
  • Acting for a bidder in the tender process for the privatization of the port of Limassol
  • Advising leading banks and financial institutions on finance, debt restructuring and securitisation
  • Advising on shareholder agreements and shareholder disputes
  • Advising in relation to commercial matters and disputes including the issuance of Mareva injunctions
  • Advising on white-collar crime including the tracing and freezing of assets
  • Advising in matters concerning financial institutions under special resolution

Career, Skills and Qualifications

  • Graduated in law from the University of Wales, UK, 2001
  • Admitted to the Cyprus Bar in 2004
  • Licensed Insolvency Practitioner since 2015
  • LLM Legal Aspects of Marine Affairs, University of Wales, UK, 2002
  • LLM European Law, Bristol University, UK, 2003
  • Frederick University Cyprus (Special Teaching Staff)
  • Speaks English and Greek

Awards / Accreditations

  • Band 1 for shipping by Chambers & Partners
  • Band 2 for dispute resolution by Chambers & Partners
  • Leading lawyer for financial and corporate category in IFLR1000
  • Leading individual for dispute resolution in Legal500


Costas is the co-author of the Cyprus chapters of:

  • “Encyclopaedia of International Commercial Litigation” published by Kluwer Law International.
  • “Kluwer Drafting Arbitration Agreements Smart Charts” published by Kluwer Law International.
  • “Shipping and International Trade Law” published by European Lawyer.

Costas regularly contributes articles in a number of leading publications including:

  • Cyprus: commercial transactions – irrevocable banking obligations” ICCLR 2013 24(4)
  • Guidelines on Cypriot investment firms providing services in other EU member states” IFLR April 2013
  • Cyprus aviation law: aircraft arrests, airline liquidations, air route traffic rights and injunctive relief” ICCLR 2013 24(4)
  • Cyprus: commercial fraud and tracing of assets” ICCLR 2011 22(9); “The Fesco Angara” ICCLR 2011 (10) 307
  • Cyprus: Freezing orders, ship arrest warrants, anti-suit injunctions, disclosure orders and Norwich Pharmacal relief in aid of court or arbitration proceedings in Cyprus and overseas”, ICCLR 2010 21(2)
  • Cyprus Shipping and Competition: The new tonnage tax regime” Legal & More Journal 2010 issue 5(46)
  • The New Era of EC Competition Law in the Shipping Industry”, ICCLR 2009, 20(1);
  • Ready, Steady, Drill: the legislation governing the race for Cyprus’s offshore hydrocarbons reserves”, ICCLR 2007, 18(12)
  • Shipping – The Cyprus Way”, Offshore Investment Sept.2007
  • Black Boxes and the Proposed EU Fundamental Principles on the Investigation of Accidents in the Maritime Industry”, ICCLR 2007, 18(5)
  • Legal Aspects of the ISM Code”, ICCLR 2006 17(7)
  • “The Shortsea Shipping Market of the Future”, Lloyd’s List Cyprus, Sept.2006
  • The Marco Polo Programme & Cyprus: Financing the Motorways of the Seas”, ICCLR. 2006, 17(8)
  • Cyprus: Commercial Shipping”, ICCLR 2005 16(11)
  • Cyprus: Forum Non Conveniens in the European Era”, ICCLR 2005 16 (8)
  • Cyprus Company law – Corporate Governance”, ICCLR 2005 16(6)
  • Establishing the Boundaries: Cyprus offshore oil, gas and shipping industries”, Lloyd’s List Cyprus, Sept.2005