Cyprus is entering in a totally different new and dynamic market after the initial findings of oil and gas in its Exclusive Economic Zone. Such findings indicate that the island can be energy-sufficient for more than a century and also become a gas exporting country.
Our Oil & Gas, Energy & Construction Department have been following closely the developments in this area and have assisted a number of foreign companies in expressing interest and participating in the various Licensing Rounds concerning the granting of authorisations for the prospection, exploration and production of Hydrocarbons instigated by the Ministry of Energy, Commerce, Industry and Tourism of Cyprus.
Our Team has also provided its legal services to many other companies that work in related fields of hydrocarbons offshore exploration who want to take advantage of the huge economic prospects that the island has to offer. This has allowed our firm to introduce such foreign companies to the huge benefits the island of Cyprus has to offer in tax-effective solutions to many enterprises as well as the quality of its infrastructure and communications.
Our law firm is in a position to offer legal support in joint venture projects, the preparation and submission of tenders to the Government of Cyprus and carry through the process until the finalisation of the relevant contracts. Our Team is kept constantly updated with the relevant national and EU regulatory framework that pertains to energy projects, both in the hydrocarbons area and in renewable energy sector.
Our Oil & Gas, Energy & Construction Team have acquired significant know-how in advising clients on many construction and land development projects in Cyprus and the Middle East, taking care of the many legal aspects that such projects entail. Many civil engineering firms have engaged our services in the negotiation and finalisation of their contracts with their counterparts abroad, as well as engaging our services in dispute resolution procedures.