Verita Legal (K. Argyridou & Associates LLC)
Finance · Cyprus
Verita Legal (K. Argyridou & Associates LLC) acts for some of the largest and most prestigious financial institutions and investments firms in Cyprus, and routinely advise lenders on complex, high-value transactions. The firm’s clients are mainly comprised of regulated entities and large corporations who demand clear, timely advice that is not only technically correct but also commercially relevant. The firm particularly specialises in banking and finance, as well as financial services and regulatory compliance.
Karolina Argyridou, principal at the firm, noted: “We are well versed in the standard form documentation that is widely accepted and used in the banking and finance sector. We have advised on numerous single lender loans, syndicated loans, distressed debt and distressed asset trades, as well as risk participations under standard LMA terms. We have also negotiated and advised on funded and unfunded risk participations under the Master Risk Participation Agreement (MRPA) framework.”
The firm has put together and advised on structured product term sheets, credit-linked notes and packaged investment products. Its team consists of English- and Cyprus-qualified lawyers. It is able to draw from its extensive experience delivering first-class advice within challenging timeframes. The principal lawyers of the firm have extensive experience advising blue chip international investment banks, as well as many of the largest financial institutions and investments firms locally.
“We keep to the areas of practice we are expert in and don’t try to be all things to all clients,” said Ms Argyridou. “Many of our clients are working to strict deadlines and require the legal advice to be provided in extremely tight deadlines. We are therefore always mindful to arrange our resources and the amount of work we take on to ensure that we are continually accessible to our clients and able to meet the very demanding deadlines that are routinely imposed on the transaction on which we are advising.”
The firm is notable for advising lenders on some of the largest and most significant loans and restructuring on the island in recent years, including advising the lender/lead arranger on a >€100 million syndicated loan, advising a lender on a high-value single lender loan to a public company, and acting for a lender on the restructuring of a non-performing loan under LMA standards combined with a complex security package and debt-for-equity swap.
Moreover, the team is comprised of lawyers qualified in the Republic of Cyprus, as well as the UK. Its principal lawyers have held senior positions with blue-chip investment banks as well as prominent financial and investment firms, in Cyprus and abroad. Further, all of Verita Legal’s lawyers are graduates of leading European universities, and hold Master’s degrees in law in addition to their Bachelor degrees and other professional qualifications.