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Litigator | Panayotis Yannakas

After these several years of working in law firms. This decision was driven by a the ability to shape my own practice, and the opportunity to provide personalized services to my clients.

  • Home
  • Blog
  • Family Law
    • General Family Law Practice
    • Consensual Divorce Services
    • Articles
      • Paternity & DNA Testing
      • Modernizing Marriage Dissolution
      • More
  • Foreclosures & Banking Law
  • Company & Βusiness Law
    • Setting Up a Limited Company
    • Intellectual Property (IP)
      • EUIPO Registration Services
      • Cyprus Trademark
    • Company Name Toolbox
    • Contract Drafting & Negotiation Services
    • Articles
      • Founding Companies Guide
      • EU Radio Equipment Directive: Balancing Security and Openness
      • DAC7 Directive: ΤΑΧ Insights
      • Tax Efficiency & EU Compliance
      • Streamline Your Business Setup in Cyprus
      • More
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Posts
400

Streamline Your Business Setup in Cyprus

Streamline Your Business Setup in Cyprus

360° Legal Support for Your Business Journey | Choose my law office and embark on your business venture with the assurance of complete legal backing. From company formation to ongoing compliance, we provide a full spectrum of legal services tailored to support and protect your enterprise at every turn.

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With my tailored and personalized services, you’re not just starting a company; together we setting up for your business journal. Here’s what I offer:

Complete Nominee Services

Maintain your privacy with our comprehensive nominee services, ensuring your personal details stay confidential.

Comprehensive Financial Management

As your intermediary, I handle all financial arrangements – from setting up major Bank Accounts (IBAN/SEPA), POS gateways, eSignature Platform to connecting you with certified accountants for tax services. I’ve got it all covered, so your business is ready to operate from day one.

Administration Services

The Administration Services package is designed to streamline your company’s legal and bureaucratic processes. I provide:

  • Board Resolutions & Corporate Governance: Drafting of board resolutions that comply with local laws and corporate governance regolution.
  • Legal Documentation: Creation of legal letters and contracts, meticulously tailored to safeguard your business interests.
  • Governmental Licensing: Assistance in obtaining the necessary governmental licenses, ensuring your business operates legally and smoothly.
Expert Consulting

Navigate the complexities of company formation with ease, thanks to our tailored consulting services.

Financial Managed SaaS

The package is meticulously designed to align with Cyprus Company and Tax Law, and provides you with a ready-to-go company structure, enabling you to start billing and serving your clients without delay.

  1. Web Progressive App: A state-of-the-art web application that’s always up-to-date and accessible from any device.
  2. Client Portal: A secure and private portal where your clients can manage their accounts and transactions with ease.
  3. Payment Gateway Integration: Seamless integration with leading payment gateways to facilitate smooth financial operations.
  4. Payment Gateway Integration: Seamless integration with leading payment gateways to facilitate smooth financial operations.
  5. SMTP/SPF Ready: Reliable email delivery system setup, ensuring all communication is prompt and secure.
  6. Automated VAT Calculator: An intelligent feature that calculates VAT accurately, saving time and reducing errors.
Why to work with me?

As a member of the Cyprus Bar Association since 2020, my legal practice is informed by a rich tapestry of experiences that blend innovative business solutions with a deep understanding of the law. My journey began in the realm of business administration, where I co-founded a boutique digital marketing firm, Fresset Ltd. This venture not only honed my skills in accounting and administration but also allowed me to delve into the technological intricacies of web development and linguistic algorithms.

Before I decided to follow the law path, I studied business administration and co-founded the boutique digital marketing company, Fresset Ltd. Back then, in addition to accounting and administrative duties, I was given the space to explore the Open Web and practice web development and linguistic algorithms. Upon completing my first degree and a one-year professional accounting program at the University of Athens, I decided to invest in legal education. In 2013, a few months after the partial acquisition of Fresset Ltd by the TENP SA Group, I became the operations manager of serval business workshops, some under the aegis of the Municipality of Athens and others on behalf of private institutions and NPOs.

The decision to outsource the web development of a minor project of Fresset Ltd to an Indian company is a memory I will not soon forget. Along with the company’s accountant, we decided to record the project in cash accounts as a cash flow transaction to ensure that fund’s account corresponded to the correct reality, but not as a statement in the balance sheet. We hoped it would be compatible with ministerial decisions, given India’s service costs were considered non-deducted expenses. The Greek Tax Authority deducted the expense because I had never travelled to India, and VAT, income tax, and a fine had to be paid. Nevertheless, the project eventually cost 30% less than it would have been choosing the European Market. If a 24-year-old entrepreneur can readily enjoy the globalized economy, then the only thing that a national authority can do is have a traditional sense of prevention. As another memory of that kind, I distinguish when after I sold my shares of the abovementioned company and planned my law studies, I temporarily worked for a cost accounting company. My stint at a cost accounting firm was marked by innovation, where I developed a dashboard to streamline payroll processes for a Special Purpose Entity. This solution exemplified my commitment to efficiency and my ability to leverage technology in service of fiscal management.

Throughout my tenure in the legal field, I have engaged in a variety of scholarly pursuits that have significantly enriched my understanding of the law’s application in both domestic and international contexts. The “Open Texture of International Tax Law” delves into the complexities of cross-border fiscal policies, while “Contemporary Issues of Possible Market Distortion by App Stores” examines the competitive challenges within digital marketplaces. My thesis on the “Informal Value Transfer System, Terrorism, and Money Laundering” offered a theoretical perspective on pressing global security issues. Additionally, my work on “Fraud Act 2006 & Pump and Dump Schemes in England” provides a critical look at financial misconduct, and “Balancing Corporate Governance” explores the theoretical divergences affecting corporate leadership. Lastly, “Exploring the Role Separation of Chairman and CEO in the UK” sheds light on the governance structures that shape corporate integrity and accountability. My role as a legal researcher for the Central Bank of Cyprus has allowed me to delve into the intricacies of financial regulations, culminating in the “Monograph of Cyprus Insolvency Rules“.

Continuing on my technical proficiencies, in 2019 I have been chosen as the paralegal supporter for a punitived-dismissal’s case before a Western Europe Administrative Court. For the year of 2020, I distinguish that due to the client’s negligence, the trademark application remained pending for two years before CyIPO but in the meanwhile, a Patent Troll Company submitted a similar trademark to the EUIPO. In 2021, I handled separate cases involving two clients who had been forcibly transferred to Cypriot shell companies and lost regulated employee benefits. It was a solid opportunity to understand the EU Council Directive 2001/23/EC.

Beyond my academic and professional experience, I helped establish the first whistleblowing platform in Cyprus and currently serve as volunteer reporter for the Noyb NPO on GDPR matters. International Law & Taxation is a field that genuinely fascinates me.

My diverse experiences, ranging from business management to directorial roles and enriched by advanced studies at the Hague Academy of International Law, have endowed me with a profound grasp of international economics and corporate governance. For a consultation on navigating the complexities of business and management, I invite you to schedule an appointment.

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459

Contemporary Issues of Possible Market Distortion by App Stores

Contemporary Issues of Possible Market Distortion by App Stores

The initial attempts at legislative or judicial regulation of critical issues exhibit various weaknesses, as the existing criteria used to determine whether a monopoly exists (or not) took into account the characteristics of the most traditional markets and industries.

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472

When the GDPR goes wrong…

When the GDPR goes wrong…

This article discusses the unseen danger when the EU data-commissioners start capriciously implying the vague text of GDPR.

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462

My Journey: from Digital Marketing to Law, and why I started my own Law Office

My Journey: from Digital Marketing to Law, and why I started my own Law Office

In this blog post, I want to share my personal journey and mainly the reasons behind my decision to open my own law office, despite having only four years of experience as a lawyer. I understand that some readers may question my capability and wonder how I can be so confident in my abilities. I hope to address those concerns and shed light on the unique blend of experiences that have shaped my career path. By sharing my story, I hope to inspire others to pursue their passions and embrace the value of diverse experiences in shaping their professional paths.

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549

Are Banks taking more risks in response to capital regulation?

Are Banks taking more risks in response to capital regulation?

We should go through the contrast of poor regulation of the banking system, which promote the “disaster myopia”, and the over-regulation, which dismiss proportion of the population from the access to the bank network.

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412

Pump and Dump: Criminal Law & Regulatory Review

Pump and Dump: Criminal Law & Regulatory Review

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Market manipulation through pump and dump schemes has evolved from boiler rooms and cold calls to sophisticated digital operations. What once required armies of brokers now happens through instant messaging groups, social media campaigns, and algorithmic trading—transforming penny stocks and cryptocurrencies into weapons of mass deception.

Three elements drive these schemes: false representation through misleading information, coordinated buying to create artificial demand, and the strategic exit that leaves victims holding worthless assets. The legal framework spans from the Fraud Act 2006’s provisions on dishonest representation to specialized regulations under FSMA and MAR, turning market manipulation from a grey area into prosecutable criminal conduct.

The anatomy of deception

Modern pump and dump schemes leverage technology to orchestrate mass financial fraud. Operators recruit participants through channels explicitly advertising their intentions, coordinate purchases down to the second, and profit from information asymmetry that would make traditional fraudsters envious.

The Wrong Number Scam of 2005 exemplifies the evolution—910,000 fraudulent voicemails masquerading as mistaken hot tips. Today’s schemes are more subtle: influencers with undisclosed positions, coordinated social media campaigns, and algorithmic amplification that creates the illusion of organic market interest.

Legal boundaries & enforcement

The challenge lies in proving dishonesty when participants claim they’re merely enthusiastic investors. Cases like Navinder Singh Sarao demonstrate that courts can pierce through sophisticated facades, recognizing false representation even when wrapped in legitimate market mechanics.

Yet enforcement remains fragmented. The FCA handles market abuse, while criminal fraud falls to the CPS. Private prosecutions face hurdles, as Burford Capital discovered when seeking Norwich Pharmacal relief. The result: a regulatory maze where market manipulation thrives in the gaps between jurisdictions.

The enforcement challenge

Prosecutors face a perfect storm: proving intent in a sea of plausible deniability, coordinating across multiple jurisdictions where servers, operators, and victims span continents, and keeping pace with schemes that evolve faster than legislation. The shift from result-based crimes to conduct-based offences under the Fraud Act 2006 helps, but questions of dishonesty remain contested terrain.

The Ivey case provides the framework—dishonesty judged by objective standards of reasonable people. But applying 18th-century moral concepts to 21st-century financial engineering creates friction. When does aggressive marketing become false representation? Where’s the line between market making and manipulation? These aren’t just legal questions—they’re existential challenges to market integrity.

The legal texture of Pump & Dump schemes (2022)
Dive into the comprehensive analysis of market manipulation from a pan-European perspective. This monograph maps the evolution from historical cases like the 1814 Berenger scandal to modern cryptocurrency schemes coordinated through Discord and Telegram. Explore how different jurisdictions—US, UK, and EU—approach the challenge of defining and prosecuting market manipulation. The paper examines the regulatory frameworks of MAR, MAD II, and MiFID II, dissects the LIBOR/EURIBOR manipulation saga, and questions whether international coordination can ever catch up to the speed of digital fraud. Essential reading for understanding the structural vulnerabilities that enable pump and dump schemes to flourish in OTC markets and the emerging cryptocurrency ecosystem.

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Fraud Act 2006 & Pump and Dump Schemes in England (2023)
Focused specifically on English criminal law, this white paper examines whether Section 2 of the Fraud Act 2006 adequately criminalizes contemporary pump and dump techniques. Through detailed case analysis including Navinder Singh Sarao’s spoofing prosecution and Burford Capital’s failed attempt at private prosecution, the paper reveals the tensions between general fraud provisions and specialized market abuse regulations. It traces the evolution from the Theft Act 1968’s deception offences to the conduct-based approach of 2006, examining how courts apply the Ivey test for dishonesty to complex financial schemes. The analysis questions whether traditional concepts of fraud can encompass algorithmic manipulation, social media coordination, and the grey areas where aggressive marketing meets criminal misrepresentation—crucial for practitioners navigating the intersection of criminal and regulatory enforcement.

Read the White Paper

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545

Understanding the Asylum System in Cyprus: A Guide for Asylum Seekers

Understanding the Asylum System in Cyprus: A Guide for Asylum Seekers

This guide provides a comprehensive overview of the asylum process in Cyprus, including recent changes to the system. It covers the initial application procedure, requirements for a successful application, and steps for appealing a rejection decision. The guide also explains the process of applying for legal aid and offers advice on self-representation in court. It discusses the Dublin Regulation, safe country lists, and subsequent applications. This resource is valuable for asylum seekers and professionals working in the field of asylum in Cyprus.

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Called to the Cyprus Bar Association in November 2020 (Reg. No. 7942) |
Private Law Office of Panayotis Yannakas, founded April 2023 | Not an official government website.