World Law Alliance

Angelos G. Paphitis

Angelos G. Paphitis

Managing Partner

Average Reviews

Profile Overview

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.

Angelos was born in Limassol, Cyprus. He graduated in law from London Southbank University, was awarded an LL.M in Commercial & Corporate Law from University College London (UCL) and he is a Barrister-at-Law of Gray’s Inn, London (2001). He is the managing director of AGP Law Firm and the AGP Group of Fiduciary Services.

Angelos is a person of strong personality, hard worker and motivated for success, effective team leader and able to inspire, influential and highly knowledgeable of what he is dealing with.

Angelos is heading the AGP Commercial & Corporate Practice; he has many years of experience on corporate and commercial areas of the law, both in consulting and in representing clients in complex and high profile disputes in District and Supreme Courts, as well as on International Arbitration centers. He is a registered trust and estate practitioner, member of the Society of Trust and Estate Practitioners (STEP), holder of the title TEP, and an authorised Insolvency Practitioner member of the Association of Insolvency Practitioners of Cyprus since 2015.

Additionally to the above, Angelos is also a lead member of the AGP Financial Regulation & Advisory Practice, representing local and international Investment Firms and Payment Institutions.

Angelos further handles matters involving local and international tax, trusts & trustee matters, corporate structuring, finance & banking law, real estate and foreign investments in Cyprus. He advises on a wide range of tax and estate matters, including creating structures to hold assets, minimise tax and maximise protection of such assets. He frequently acts for high-net-worth and ultra-high-net-worth individuals, entrepreneurs and companies.

Angelos is fluent in English and Greek.





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

Admissions | Professional Qualification

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 (since 2005)
International Tax Planning Association (ITPA), certified member (since 2005)
Insolvency Practitioner, member of the Cyprus Insolvency Practitioners Association (since 2015)


Work Highlights

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.