The law firm has a market leading reputation in several areas of law including commercial, real estate and construction law, EU law with emphasis on competition, state aid and public procurement, energy, employment, corporate law, regulated financial services law public and administrative law, immigration and corporate and commercial dispute resolution. This development will enhance the services offering of EY in Cyprus, capitalizing on a highly skilled legal team and business - minded mentality and will enable the provision of a wide range of business law services to local and international clients.

Prountzos & Prountzos LLC has received many awards (Leading Advisers in Cyprus for 2016 in 3 categories – International Funds, Legal Services and Global Immigration by Acquisition International, Energy Law Firm of the Year for 2016 by Global Law Experts) and has been recently ranked in the EMEA Legal 500 for Corporate & Commercial Law, Real Estate & Construction Law and EU Law categories.

Stavros Pantzaris, EY Cyprus Country Managing Partner, said:

“We seean increasing need for integrated Legal Services from our clients, mainly due to the dynamic legislative framework, but also increased sophistication of the transactions. I am confident that the offering of such services through Prountzos & Prountzos LLC will enhance our organization and contribute to expanding our local practice services.  This strategic move ensures that we will have theability to provide more services, deliver to market faster, and bring a more fully integrated service to our clients. In this context, Charalambos Prountzos will lead efforts to expand market share, client portfolio and range of services.” 

Charalambos Prountzos, EY Law Practice Leader, said:

“Over the years Prountzos & Prountzos LLC has built and consolidated its position in the local market and our team of lawyers is appreciated by the clients and the wider business community. With this move, we are taking everything to a new level, building on EY’s reputation and standing in the market, in order to better respond to the current market conditions and meet our client’s requirements for integrated seamless services.”

Prountzos & Prountzos LLC will be offering legal services to clients as EY Law, functioning as an independent law firm, regulated by the Cyprus Bar Association, yet an integral part of EY in Cyprus in terms of operations and market offering.