The announcement comes at a time of continuing growth of Tornaritis Law Firm Cyprus operations over the last twelve months and the expansion of its team of litigators and associates. Furthermore, Tornaritis Law Firm announced the opening of an office in Bucharest for servicing of its clientele.
The rankings are based on an assessment of the strengths of practice teams and is compiled from client feedback and submissions from law firms.
From its founding in 1924 to its present-day status as a leading law firm, Tornaritis Law Firm has demonstrated a sustained commitment to excellence in the practice of law, public service and a civil society. The firm’s practice and character is deeply rooted in its history, as exemplified in the history of its lawyers and services.
Criton G Tornaritis QC started as a young lawyer from Limassol. Among his many accomplishments he was to be the first Attorney General of the Republic of Cyprus. He wrote 65 complete books and more than 5,000 essays, the content of which was mainly legal. Among the tens of honours and distinctions bestowed upon him were those of the Queen’s Counsel (QC) and the Athens Academy Prize for his outstanding literary work. He became known worldwide for his shrewd legal mind, his sobriety and for always being down-to-earth. He was followed by his son George C Tornaritis, who was registered as advocate in 1959 with the Supreme Court of Cyprus. He defended many famous cases and founded the Tornaritis Marine Life Foundation in 1992, acting as its first president.
The managing partner today is his grandson Criton G Tornaritis, who was registered as advocate in 1989. He has long experience with the Eastern European market and Romanian jurisdiction. Today, the firm includes lawyers who have the experience, maturity and legal skills to handle a wide range of legal problems. Although the firm has matured from its beginnings in the early part of the 20th century, the character of the firm is still true to the dreams and visions of its founders.
Areas of practice
The firm is an expert in handling large and complex claims, both domestic and international, involving some of Cyprus’ largest financial institutions. It represents clients involved in a wide range of complex national and international commercial disputes through the life cycle of the dispute.
The firm advises on a wide range of medium to high-value banking disputes. Its experience in this area includes actions on behalf of banks, corporate clients and individuals, having acted on a number of significant cases in investment banking. The firm advises on disputes involving: financial institutions; bonds and other forms of debt finance; syndicated or bilateral; trade finance involving letters of credit and other documentary credits; factoring, discounting, securitisation and asset-based lending; foreign currency and other commodity disputes; and fraud and asset recovery.
The firm is further experienced in assisting clients in restructuring or insolvency structures or proceedings. It is recognised as a specialist in commercial resolution of disputes arising from corporate failures.
The firm has experience in the winding up of a company, especially in its relation to court. Clients include creditors, debtors and insolvency practitioners. The firm has great expertise in banking and credit applications for banking and financial institutions in Cyprus, including providing assistance and submitting applications to grant an authorisation by the Central Bank of Cyprus for electronic money services in the Republic of Cyprus.
The firm holds a specialist licence from the Cyprus Stock Exchange as a nominated advisor for the Cyprus Stock Exchange Emerging Companies Market, and the strong regulatory compliance department lends weight to prospective listings in the eyes of the CSE and potential investors.
Tornaritis Law Firm has established relationships with international firms.
For More information on Tornaritis Law Firm LLC, please visit www.tornaritislaw.com