Professional profile
Michalis heads the Firm’s corporate department. He obtained his LLB from Warwick University (UK) and his postgraduate degree (LL.M.) in Commercial and Corporate Law at University College London (UCL). Having successfully completed the Bar Vocational Course, Michalis was called to the Bar by the Honourable Society of Gray’s Inn in 2003 and in 2004 was admitted to the Cyprus Bar.
Since then, he has been actively involved in transactions, including inter alia mergers & acquisitions, bond issuances, schemes of arrangement, sales of non-performing loan portfolios and listings.
Michalis also has extensive experience in advising clients on all aspects of corporate law with a pragmatic and business friendly approach and perspective.
Selected experience
Led the Firm’s team which provided advice and assistance to a Cypriot credit institution in implementing a scheme of arrangement with its shareholders which resulted in the delisting of its shares from the Cyprus Stock Exchange (CSE) and the Athens Stock Exchange and the simultaneous listing of the shares in its holding company to the London Stock Exchange (LSE) and the Cyprus Stock Exchange. The aforementioned dual listing was the first dual listing of shares in the CSE and the LSE.
Led the Firm’s team which provided advice and assistance to a Cypriot credit institution in its consummation of the transfer of its entire NPL portfolio of c. EUR 165 million net book value to its sister company (by way of a demerger), through the implementation of a scheme of arrangement sanctioned by the Court.
Advised and assisted (alongside other members of the Firm) a Cypriot credit institution in the restructuring of a series of loans with clients thereof having a nominal value exceeding EUR 200 million.
Advised and assisted (alongside other members of the Firm) a Cypriot Bank in the creation of a variable capital investment company under the provisions of the Alternative Investment Fund Law of 2014 to which real estate assets of c. EUR180 million were contributed and which was subsequently sold to investors.
Advised and assisted (alongside other members of the Firm) a Cypriot Bank in restructuring its share capital following the banking crisis of 2013 and in implementing a capital raise of c. EUR 1 billion alongside the re-listing of its shares to the Cyprus Stock Exchange and the Athens Stock Exchange.
Led the Firm’s team which provided advice and assistance for the conversion of an investment public company listed on the Cyprus Stock Exchange to an Undertaking for Collective Investments in Transferable Securities (UCITS) fund, through the implementation of a scheme of arrangement.
Advised and assisted a Cypriot Bank in an M&A transaction concerning the sale of shares in a major insurance company operating in Cyprus for a consideration exceeding EUR 90 million.
Advised and assisted a Cypriot Bank in an M&A transaction concerning the acquisition of the business of another Cypriot Bank for a consideration exceeding EUR 150 million.
Michalis is fluent in Greek and English.
Contact Michalis Kramvis
For enquiries, contact our Nicosia office and we will connect you with Michalis.