Andrea Psara

Andrea’s recent experience includes:

• advising an ultra-high net worth individual of the Forbes world’s billionaire list in connection with disputes over matrimonial assets with value exceeding €10 billion.
• acting on behalf of one of the largest international banks in a discovery action and obtaining interim disclosure orders and gagging orders against major Cypriot banks in support of a US$30 million asset tracing against a high net worth individual and his group of companies.
• representing a leading Singapore-based investment company in a €180 million multi-jurisdictional fraud and conspiracy claim against a Japanese high net worth individual and associated companies, and obtaining ex parte freezing orders until adjudication of the dispute.
• acting on behalf of one of the largest international banks for a €49 million fraud, conspiracy claim against a high net worth individual, his group of companies and major Cyprus-based fiduciary service provider and obtaining ex parte freezing orders until adjudication of the dispute.
• successfully opposing the recognition of a US$ 4.7 million LCIA arbitral award in Cyprus against the defendant to the LCIA proceedings.
• defending a €50 million ex parte freezing order and Chabra order issued against the assets of the defendants, with the orders being lifted within one month from their issuance leading in the withdrawal of the proceedings by the claimant.
• acting on behalf of a leading investment firm in LCIA arbitration proceedings against a major airline and obtaining ex parte freezing and Chabra orders against its subsidiary in Cyprus in aid of LCIA proceedings.
• successfully overturning ex parte disclosure orders (known as Norwich Pharmacal orders) at the Supreme Court, which were issued in the context of a marital assets dispute between two individuals against a number of local banks with respect to banking documents, data and transactions of the ex-spouse as well as against third parties which were not party to the marital assets dispute in question.
• acting for the minority shareholder of one of the largest steel construction factories in Cyprus in a derivative action against the majority shareholders and directors of the company.
• advising two of the worlds’ premier investment managers on the bidding process for the potential purchase of medium and large-size NPL exposures of two of the largest banks in Cyprus.