Antonis Paschalides & Co.LLC
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Energy

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Renewable Energy

Renewable Energy

Despite the fact that Cyprus statistically has the best solar to energy output ratio from all the EU countries, solar related technologies as well as renewable energy technologies in general are something quite new for Cyprus who still relies on heavy mazut for its electricity production.

While up to 2008, Cyprus was still a completely virgin market for renewable energy (almost 0%) with no real incentives given for investors to set up, it was during the service of the firm's Senior Partner Antonis Paschalides as Minister of Commerce Industry and Tourism (also Minister responsible for Energy) from 2008 to 2011 that Cyprus saw its biggest advances in the field. A complete turnaround to the policy on incentives for development of renewable energy projects saw a rapid change and by the time of his resignation from office in August 2011 renewable energy sources had reached a 9% of the country's energy production and had even played an important role in the management of the energy crisis after the destruction of Cyprus' main power station in July 2011.

Although only small scale production licenses were made available by the Government of Cyprus, Antonis Paschalides & Co LLC has assisted a number of clients with the setting up of such projects.

The biggest exposure and experience acquired by the firm was through projects set up by clients outside Cyprus, which have included technologies involving solar energy, wind energy and even bio energy.

Natural Gas & Oil

Natural Gas & Oil

On 28th December, 2011 Noble Energy International and the Government of Cyprus officially announced a successful drill in Plot No.12 in the Exclusive Economic Zone of Cyprus. A conservative estimate of the deposits was given in the amount of 7 tcf (trillion cubic feet) of natural gas, approximately worth US$100 billion.
On 9th January, 2012 the Government of Cyprus declared the commencement of the 2nd Round of Licensing for another 12 plots in its Exclusive Economic Zone.

The experience and recognized positive involvement of Senior Partner Antonis Paschalides in the recent energy events taking place in Cyprus, including the signing of a production sharing agreement with Noble Energy International in October 2008 and an agreement determining the Exclusive Economic Zones of Cyprus and Israel in December 2010, were very significant in the evolvement the firm's Energy Law department (previously dealing only with renewable energy) as one of the leading and most knowledgeable law firms in Cyprus on matters of natural gas and oil.

As Minister responsible for energy matters, Antonis Paschalides was directly involved in all phases which preceded the successful drill in Plot No.12, from survey stage to negotiations and finally drilling, and it is this experience that Antonis Paschalides & Co LLC brings to the table for clients involved in the gas and oil industry.

Αυτή η διεύθυνση ηλεκτρονικού ταχυδρομείου προστατεύεται από τους αυτοματισμούς αποστολέων ανεπιθύμητων μηνυμάτων. Χρειάζεται να ενεργοποιήσετε τη JavaScript για να μπορέσετε να τη δείτε. for any questions on energy matters.

  • Reliable legal service in a swift and friendly manner

    Antonis Paschalides & Co LLC law firm has been our external counsels for our business activity in Cyprus for the last 5 years. We consult them on many different projects (corporate matters, competition law, employment law issues, marketing law, intellectual property law etc). They always provide a state of the art and 100% reliable legal service in a swift and friendly manner. When needing lawyers in Cyprus, we would highly recommend Antonis Paschalides & Co LLC law firm for any kind of legal assignment.

    - ELAIS-Unilever Hellas S.A
  • Practical and cost effective advice in a friendly manner

    We have been working with Antonis Paschalides & Co LLC law firm for over 40 years now on many different projects (reviewing of contracts, corporate matters, employment law issues, representation before the European Court of Justice on the Cyprus bail in cases just to name a few). They always provide sound practical and cost effective advice in a friendly manner. We highly recommend the firm for any kind of legal assignment.

    - Christos Savvides / Managing Director / Ledra Advertising Ltd
  • Quality and professionalism

    We are pleased to take the opportunity to complement Antonis Paschalides & Co LLC law firm on the quality and professionalism that is characterized by their firm in all aspects of their business. Antonis Paschalides & Co LLC law firm has worked with us in the last two years on a number of our portfolio companies (provision of fiduciary – corporate – legal services) and we have been impressed by the quality of its consultants, the impact of their work, the honest and reliable services and their professional approach in a number of cases. We look forward to many more successful years of cooperation.

    - Nayia Argyrides / Legal Director of F.F. FEEDSERVE FIDUCIARY SERVICES LIMITED
  • Practical legal advice

    Operating globally in the online financial services sector, we always have to face complicated legal challenges that need to be dealt with extreme urgency. We have been working closely with Antonis Paschalides & Co LLC law firm since 2013 and can say that they always provide thoughtful, thorough, and, most importantly, practical legal advice regarding a variety of legal matters. They respond quickly and clearly with analysis and advice. They are a valued advisor to the XM Group on Cyprus law.

    - Ilias Mavrommatis – Founder, Managing Director - XM Group 
  • Reliable legal service in a swift and friendly manner
  • Practical and cost effective advice in a friendly manner
  • Quality and professionalism
  • Practical legal advice

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