Meet the team

Employment

Chrysostomides Advocates & Legal Consultants

Nicosia, Cyprus
+1 other location
  • Limassol, Cyprus
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Deals

We are the main legal advisors to Murex, a leading company that provides financial software for trading, treasury, risk, and post-trade operations for financial markets, for all contentious and non-contentious employment law matters. We recently advised on the relocation of the bulk of the staff from the regional headquarters in Beirut (Lebanon) to the new headquarters for the Middle East – North Africa region in Nicosia (Cyprus).

Our employment law team advises XM (one of the biggest Forex companies worldwide) on all the aspects of Employment law including Human Resources issues, on equality and diversity issues, disciplinary and grievance procedures, data protection issues, employment aspects of company restructuring, redundancy and provident and pension funds issues.

We advise Wolt Market (leading technology company known for its commerce platform and online delivery service) on all aspects of employment law, including HR issues, appointment processes and immigration matters concerning third country nationals. Wolt has seen a huge increase in its business, especially due to Covid-19 pandemic, which has meant that it has increased the number of its employees, thus requiring regular advice in relation to personnel issues.

Organigram

Team Services

Our Employment Law Department advises across the full spectrum of employment, compensation and benefits issues, whether arising in an advisory or transactional context, contentious or non-contentious.

In this respect, we advise on the hiring of employees, termination of employment, redundancies, employee rights in mergers and transfers of undertakings, employee share option schemes, matters related to maternity leave, sickness and misconduct procedures, advice on HR issues, on equality and diversity, compliance with all aspects of anti-discrimination legislation, disciplinary and grievance procedures, data protection issues, and provident and pension funds issues.

It is widely acknowledged that market instability, increased life expectancy and pension fund deficits have made pension risk management a high priority for employers. Our Employment Law team assists employers and employees with the development and management of pension programs that meet all the relevant legislative and regulatory requirements, while at the same time taking into consideration any tax repercussions. The team works closely with our Tax and Banking & Finance practices to provide integrated advice on large-scale pension projects, such as assets-backed financing and insurance transactions.

Our firm also provides assistance when non-EU citizens are to be employed in executive positions with companies belonging to foreign interests, guiding them through the special procedures leading to the grant of the relevant work and residency permits, as well as family reunion permits for their dependants. We also assist EU employees in registering and obtaining their permits, albeit under a more simplified procedure.

Our involvement in immigration law and procedures extends to applications for permanent residency, either for pensioners or for clients who are entitled to apply for long-term residency permits. Furthermore, we have extensive experience in applying for Cyprus citizenship for those who are eligible.

Testimonials

Awards and Recognition

Tier 1 Legal 500 EMEA Ranking

The 2022 Legal 500 Europe, Middle East & Africa ranks Chrysostomides Advocates & Legal Consultants in leading Tier 1 for all seven areas of practice we are listed in.