ECONOMOU & CO LLC | View firm profile
Economou & Co LLC is pleased to announce a significant victory achieved by our Corporate Litigation team in a high-stakes case involving our client, a prominent investment firm, supervised by the Cyprus Securities and Exchange Commission.
The claim brought against our client alleged an omission to carry out the claimant’s trading orders, with the claimant seeking various remedies, including:
i. Special Damages totalling over USD 1 million, corresponding to the value of shares in international companies.
ii. General damages for claims of breach of contract, negligence, fraud, misrepresentation, undue influence, and loss of revenue.
iii. Court orders in relation to the claimant’s investment portfolio.
Our client’s primary line of defence was that the non-execution of the claimant’s orders was due to factors beyond our client’s control.
This week, the District Court of Limassol dismissed the court action in its entirety.
This case highlights Economou & Co LLC’s commitment to delivering top-tier legal support in complex corporate litigation and further solidifies our position as a leading law firm in Cyprus.