Thursday, July 9, 2020

ANALYSIS/OPINION:

Phoebus, Christos Clerides and Associates LLC has had a long presence in the legal sector in Cyprus as this year celebrates its 70th anniversary. It specializes in every aspect of commercial law including international business, insurance and trust and it is actively involved in the EastMed gas pipeline, the ambitious project to connect the Eastern Mediterranean and mainland Europe with a pipeline to transfer natural gas. “Our role in the project is to participate in the legal framework - contracts, advising, insurance and all kinds of legal matters - and we are ready to assist international companies that would like to be involved in this” said Prof. Christos Clerides, Managing Partner of Phoebus, Christos Clerides and Associates LLC.

Clerides, following the pause from the coronavirus pandemic, expects the House of Representatives to enact a law to endorse the pipeline agreement soon and sees this project moving forward. The EastMed pipeline is a multibillion dollar project which involves several countries including the U.S. and is expected to be completed in 2025. “Many American companies are involved in this project and I am certain this will further enhance the relationship of Cyprus with the U.S.” Clerides remarked.


The firm is working closely with a New York-based legal firm and maintains a number of associates in the U.S. Clerides himself is an advocate of closer Cypriot-American ties.”Cyprus and the U.S. must continue to enhance their already growing relationship in every aspect: economic, social and political. The U.S. can gain a lot by being present in Cyprus and our firm is ready, with our experience and expertise, to help American companies and investors interested in doing business with our country” he said.

• Prof. Christos Clerides is the Managing Partner of Phoebus, Christos Clerides & Associates LLC. (https://www.clerideslegal.com)


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