Nicosia, Cyprus

Member Overview

Number of Partners:

2 Partners

5 Associate

1 Accountant

Main Client Sectors

General litigation, Corporate and commercial, Land law, Probate and trusts, International tax planning and business investment, Shipping and ship finance, Banking, Taxation, Financial services, Energy law, Aviation, Immigration, Insurance.

Year of Establishment

Our firm was established in 1920 (and since 1992 under the present name)

Languages Spoken

Greek, English, French, Italian, Bulgarian, Russian, Polish

Professional Indemnity Insurance

The firm maintains Professional Indemnity Insurance


41, Themistocles Dervis Street

Hawaii Nicosia Tower

8th Floor, Off. 806-807

1066 Nicosia



Tel: +357 22764216

Fax: +357 22768277





PCV & Co Law Firm Logo





PCV & Co Law Firm


Areas of Expertise



The firm acts both for corporate and individual clients in Supreme and District Court matters.  We concentrate on civil and commercial litigation and we have particular experience in passing off actions, breach of contract and agency and are able to undertake immediate injunctive action to protect our clients’ interests.


Marine litigation as well as all types of insurance and ship finance work and debt collection for local as well as for foreign clients.


Disputes between Landlord and Tenant as well as real property disputes.


Personal injury claims.  We represent various large insurance companies local and international.


All aspects of matrimonial separation, divorce and the custody and access to children.  We are particularly concerned with property and financial matters arising out of the separation.


Corporate and Commercial

All types of company and commercial matters for public and private companies, local and offshore, partnerships and individuals.  Our work covers company formations, IPOs, reconstructions, takeovers and amalgamations, and we are experienced in dealing with the taxation aspects of all such matters.  On the intellectual property front the firm is also experienced in dealing with advice on copyright, patents, trademarks and business  names. 

Drafting all types of commercial agreements.


Land Law

Sales, Purchases, Financing and Administration of immovable property.


Probate and Trusts

This department deals with the needs of private clients.  It advises on and drafts Wills.  It sets up and administers Trusts and clients’ estates both onshore and offshore. This work has a strong tax element and great attention is given to this aspect, including all matters relating to personal financial requirements of private clients and their families. 


International Tax Planning and Business Investment

This is a particularly important field for our overseas clients, where we deal with all aspects of business investment in Cyprus.  This includes work permits and immigration matters.  Legislation in Cyprus has been aimed on making inward investment by foreign businesses in Cyprus advantageous, both from a business and taxation viewpoint. This includes various government incentives for offshore companies based in Cyprus.


Shipping and Ship Finance

This department specializes in ship registration under various flags including parallel registration and finance of vessels in general. Among the firm’s clientele is a considerable number of well known international banks and financial institutions which it represents in transactions involving ship finance.



This department is particularly skilled in the area of receiverships, as well as acting as legal counsel in finance and ship finance transactions.



Advice on problems involving taxation. Specialist taxation advice is available to all partners, associates and clients in respect of any issue that may arise.


Financial Services

The accession of Cyprus in the EU and the favourable tax environment of Cyprus with regard to tax from profits arising from the sale of securities, is rapidly transforming Cyprus into a centre  for trading of financial instruments. Advice is given on the taxation and setting up of Cyprus Investment Firms (“CIFs”) and Funds (International Collective Investment Schemes “ICIS”). Services also include incorporation of CIFs and ICIS and ancillary services.


Energy Law

Advice on the legal framework and the commercial legal issues arising out of projects, especially in relation to energy produced by renewable sources (wind parks, solar energy, bio-fuel etc).



Our Firm is one of the most established Firms in Cyprus in the field of aviation and travel and transport matters. Indeed, as in Cyprus tourism is one of the biggest industries, our Firm has  established the necessary legal expertise and experience to address all issues faced by air carriers, whether commercial airlines or otherwise, aircraft manufacturers, aircraft lessors, airport operators, tour operators and service providers alike.



Granting of immigration permit to third country nationals under certain income criteria and the expedite procedure for applicants who acquire residence in Cyprus for private use.



Our firm has vast experience representing insurance companies and we deal extensively with insurance claims in all areas. Our clients include large insurance companies both local and foreign. This department deals extensively with insurance law matters with a wide experience on regulatory issues, setting up insurance companies, drafting of insurance policies, claim settlements, agency agreements, professional liability claims, employers’ liability, etc. It also specialises in insurance litigation.

Practice Areas of the Partners


Petros Fr. Vrachas

Qualified in 1985

Practice Areas:

Company Law; Trusts; Trademark Law; Probate; Shipping and Litigation Matters

Alexandra Pelaghias-Christodoulou

Qualified in 1984

Practice Areas:

Ship Finance; Shipping; Corporate and Commercial Law; International Tax Planning

Main Contacts


Petros Fr. Vrachas

Alexandra Pelaghias-Christodoulou