BackBanking BLegal – Panayiotou Shamma LLC

BLegal – Panayiotou Shamma LLC

Contact Information

Company Name: BLegal – Panayiotou Shamma LLC

Contact Name: Eva Shammas Chell | Despina Panayiotou

Company Reg. Number: HE437405

Address: Maximos Plaza, Arch. Makarios III Ave.,

Location: Limassol

Tel. Number: +357 99729780

Email: info@blegalcy.com

Website: www.blegalcy.com


Who we are

With over 25 years' combined experience, BLegal is a boutique law firm based in Limassol, Cyprus, which can offer you and your business the legal solutions you need. 

Our mission

Our mission is to provide a one stop shop for our clients. Through our network of legal experts and strategic affiliations with local and international firms, our clients’ needs are covered, no matter the novelty of the matter. As a result, our clients have a wide range of skills, resources and experience at their disposal allowing them to receive the specialised guidance or services needed without prohibitive costs. Our clients range from individuals to international companies, each receiving individual attention regardless of the matter at hand.


At BLegal we pride ourselves on the wide range of legal services and solutions we can provide through our own expertise and that of our network of legal experts and strategic affiliations. The below are some of the services we provide: 

Corporate and Commercial

Our corporate team focuses on delivering the right result for clients, whatever their stage of development. As our clients develop and diversify their operations, so do their needs for which we care to cater for. We work hard to help our clients achieve a successful transaction and to do this we take the time to understand our clients’ ambitions and help reshape their business. We aim to maintain the highest level of communication and continuity in our work.
Our team is dedicated to working across the full spectrum of corporate and commercial matters. Our experience ranges from routine day-to-day corporate governance and company formation, in Cyprus and in a range of offshore jurisdictions, to complicated corporate reorganisations and reconstructions, cross-border transactions, joint ventures and general commercial, contractual and corporate advice.

Banking and Finance


Working for leading local and international commercial banks and financial institutions over the years we have acquired first-hand specialized market knowledge in this most competitive and demanding area of the law. We are highly experienced in dealing with a range of issues, including, but not limited to drafting, reviewing and negotiating all types of financial, banking and security agreements as well as documentary credits; advising on money laundering legislation; disputes and litigation between banks/financial institutions and customers; syndicated lending; custodianship, and general advice on payment services. Our expertise extends to the regulatory framework relating to banking, investment services and activities in relation to financial instruments, insurance, funds and other regulated activities. The services provided range from preliminary advice on establishment, assistance with licensing applications with the regulatory authorities, and specific and customized advice on compliance issues.

Real Estate

Our broad experience covers commercial and residential development, infrastructure, investment, property finance, hotels and leisure, having worked on some of the island’s most prestigious real estate developments. We aim to provide reliable legal advice and representation to both local and international clients at any stage of the property transactions. Our expertise extends to drafting and reviewing of sale and lease agreements; acquisition of property by Cypriot and foreign nationals; property management for non-residents and real estate finance.      

Employment Law

Our employment law team has extensive experience in advising both employees and employers. In this respect we advise on all aspects of Cyprus employment law including, amongst others, employment agreements, dismissals/termination of employment, redundancies, employee/employer rights and obligations, restrictive covenants, confidentiality obligations, sickness and misconduct procedures, data protection, maternity rights, equality and diversity, compliance with all aspects of anti-discrimination legislation, disciplinary and grievance procedures, and provident and pension funds issues.


As businesses innovate in a digital and data-driven world, compliance with data regulations is becoming increasingly complex and challenging. Our experienced lawyers can advise on and assist our clients with the preparation of data protection policies and procedures, information security policies, incident response procedures and registers of processing activities to ensure that their operational processes are compliant with data protection requirements. In addition to this, we offer the services of reviewing and drafting data transfer agreements, consent forms, controller/processor agreements and privacy notices. We can also provide legal advice in relation to, inter alia, principles of processing and determining a lawful basis of processing, controller-processor relationships, transfers of personal data outside of the EEA, performance of a data protection impact assessments, designation of a data protection officer and data breaches.
Our expert team can guide clients to achieve their commercial and product-oriented goals in a way that provides effective protection for individuals’ data as well as meeting clients’ legal and regulatory obligations under the GDPR.  

Private Clients - Wills and Estate

Our firm and its network of expert lawyers can provide guidance in all aspects of estate planning and administration. Our services include the establishment, management and administration of trusts, as well as wills, probate and administration of estate.
Our lawyers’ experience and expertise can assist clients in ensuring that the appropriate estate planning is established through wills, trusts and asset protection structures, in order to carry out their wishes and bring about the efficient transfer of wealth during life or at death, depending on the clients’ specific circumstances and wishes.
We can assist in probate proceedings before the Cyprus Courts including applications for the proving of wills, the issuance of grants of letters of administration and the re-sealing of British Commonwealth grants in Cyprus.


Our team

Despina Panayiotou | Partner

Despina is a Cyprus qualified lawyer with over 15 years’ experience in banking and finance and corporate matters. She has substantial in-house general counsel experience in the banking industry as well as in private practice. As an in-house legal advisor in a systemic bank in Cyprus for over 10 years, she has gained experience in a wide spectrum of legal fields especially those relating to banking, financing, corporate, commercial and regulatory matters, as well as employment law. She has an LLB from the University of Leicester, an LLM from the University of Manchester and a postgraduate certificate in Sports Law from Kings College London. She was first admitted to the Cyprus Bar Association in 2004. She is fluent in English and Greek. 

 Eva Shammas Chell | Partner

Eva possesses over two decades of expertise in the legal field, having served in a variety of companies with a diverse range of experiences both within a traditional law firm setting and in-house. She has served as a senior associate in the corporate department of a prominent law firm for 8 years and has provided legal and corporate services to international organizations and financial institutions in her role within the administrative services sector. As an in-house legal advisor in a systemic bank for 7 years, she provided comprehensive support in the areas of corporate, commercial and regulatory law. Eva's broad range of experiences and education, including an LLB from Keele University and an LLM from the University of Wales, Aberystwyth, have equipped her with a well-rounded understanding of corporate, commercial, and banking law. She is also a member of the Cyprus Bar Association and is fluent in both English and Greek.


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