Soteris Pittas & Co L.L.C

Work highlights

• Representing Plaintiff in a conspiracy action against numerous local and foreign defendants for a claim for damages for USD 820 million as well as in winding up and in enforcement proceedings of an arbitral award of USD 820 million, and successfully assisting same in reaching a settlement out of court.
• Successfully representing a Cypriot Shareholder of a large Russian Bank in various proceedings in Cyprus for claims of USD 100 million, and successfully assisting same in reaching a favorable settlement out of court.
• Representing a Plaintiff in a Conspiracy Action filed against various Cypriot and foreign residents involved in such conspiracy to defraud the Claimant by implementing an anti- enforcement strategy to block and render nugatory the enforcement of an LCIA Arbitral Award of USD 85 million.
• Acting on behalf of a large Cypriot Hotelier Group in defending numerous actions filed by Cypriot Banks to enforce mortgage and Floating Charges over numerous hotels owned by the Client and challenging the appointment of Receiver effected by the Banks pursuant to floating charges (i.e. Euro 250 million).
• Representing a Russian Conglomerate in an action before the Cypriot courts in a dispute concerning pledge agreements and successfully assisting same in cancelling and opposing interim orders issued against it.
• Acting for a Shareholder of a Russian Bank in obtaining interim injunctions in aid and in support of the LCIA Arbitral claim for enforcement of a call option Agreement (i.e. USD 70 millions).
• Acting for a Respondent in opposing a drastic anti suit injunction precluding Respondent from filing court or arbitral proceedings worldwide except before LCIA and succeeding in quashing and cancelling such anti-suit injunction by certiorari (USD 70 millions).
• Acting for a Claimant in an LCIA Arbitral Claim in applying before Cyprus Court to obtain extensive inter relief in aid of its unfair prejudice LCIA Arbitral Claim (i.e. USD 160 millions).
• Advising and acting for a Claimant in proceedings for enforcement of its call option rights and for damages for breach of the Call Option Agreement and obtaining interim relief (i.e. USD 150 millions).
• Advising a holder of an Arbitral Award issued against a foreign state on the basis of a bilateral investment treaty about enforcement of an arbitral Award in Cyprus against assets owned by the foreign state and on the defence of state immunity (i.e. USD 350 millions).
• Acting on behalf of a Cyprus Company for a claim against a Russian Shipping Company for the sum of USD 3.5 million for loss of cargo and obtaining an arrest warrant against a sister-ship.
• Acting on behalf of a Cyprus Company for a Marine Insurance Claim for loss of cargo value of USD 3 million.
• Handling successfully the defence of an admiralty claim lodged with the Cyprus Admiralty Court against a Cyprus ship owning company by the Chinese Shipping Company COSCO, for a collision taken place in the territorial waters of Denmark (i.e. USD 50 million).