Multi-jurisdictional law firm Conyers Dill & Pearman has announced that it will be adding Cyprus legal advice to its already impressive roster of jurisdictions. The Cyprus practice will be launched out of Conyers’ Moscow office, and the firm will provide advice on all aspects of Cyprus corporate law.
Cypriot law firm Antis Triantafyllides & Sons LLC (ATS) has entered into an arrangement with Conyers Dill & Pearman for mutual co-operation on Cyprus, Bermuda, British Virgin Islands, Cayman Islands and Mauritius work. ATS will assign a lawyer from their Cyprus office to Conyers' Moscow office on completion of Russian employment formalities.
John Collis, Chairman of Conyers, commented: “Triantafyllides is a well recognised and respected Cyprus firm and we are very pleased to be co-operating with them. The addition of a Cyprus practice enables us to further expand opportunities for clients doing business in major international financial centres. It is yet another differentiator for the firm as we continue to pioneer the field of multi-jurisdictional law. Conyers offers a range of market leading jurisdictions to our global client base and we continue to look at ways of augmenting our service offering.”
Caroline O’Hare, Managing Partner of Conyers’ Moscow office, added: “Cyprus is a leading treaty-based jurisdiction, and a preferred jurisdiction for Russian investment. Over the past year, we have seen considerable demand for advice on Cypriot law and are already receiving instructions from clients. As the only firm in Russia advising on offshore law, particularly British Virgin Islands and, going forward, Cyprus, Conyers will continue to provide clients with the highest quality responsive, timely and thorough legal advice on the major jurisdictions.”
The launch of Conyers’ Cyprus practice marks continued progression of the firm’s strategy to focus on the BRIC markets, following launches in São Paulo, Moscow and Mauritius over the past 2 years, in addition to its well established Hong Kong office.
Nearly half of all foreign direct investment into Russia flows through Cyprus and the British Virgin Islands, where Conyers is already well established. It is expected that economic cooperation between Cyprus and Russia will continue to increase, following the completion of Cyprus’ new double taxation avoidance treaty with Russia in April 2009, and Cyprus’ removal from Russia’s blacklist of states and territories which participated in exemption for dividends.
With the addition of Cyprus, Conyers will advise on the laws of Cyprus, Cayman Islands, British Virgin Islands, Bermuda and Mauritius.
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