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Member Spotlight: PCV, Cyprus
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Member Spotlight: PCV, Cyprus

By Julia Holden Davis, Chair, Member Engagement, 17 May 2024

Continuing with Globalaw’s 30th-anniversary celebration, the next member firm spotlight is Pelaghias, Christodoulou, Vrachas LLC from Cyprus. Over the last few weeks, I’ve had the pleasure of talking to managing partner Alexandra Pelaghias-Christodoulou.

As Alexandra started talking, it was palpable that the Firm is surrounded by the dense and rich history of Cyprus. The saying, “Scratch the soil anywhere in Cyprus, and you will find traces of its magnificent past”, is not an exaggeration. The island’s history is not confined to the ancient tombs or the oldest wine label; it’s entrenched in one of the most established and oldest law firms in Cyprus – Pelaghias. Alexandra proudly explained that the Firm celebrated their 100th anniversary in 2020. For over 100 years, Pelaghias has committed to build lasting relationships, both with their clients and firm members.

Alexandra explained that since they are not a big firm, they can strive to provide personal service to each client. As opposed to many larger firms, clients of Pelaghias not only know who their lawyer is but can speak to that lawyer anytime they need assistance. Their motto is personal service, and caring for their clients is paramount. A recent example? The firm advised a foreign tech company active in the power and telecommunications sector with revenues exceeding 1 billion euros. The company has physically relocated its headquarters to Cyprus, and Pelaghias assisted with its corporate restructuring and reorganization.

And it’s not surprising to find a company moving there. Cyprus is the third largest island in the Mediterranean and is between Europe and Eurasia, and Northern Africa and the Middle East. Its strategic position has led it to be among the most prosperous and educated countries in the Mediterranean region. In fact, it hosts several recognized universities that draw students from all over the world. Cyprus also has a friendly business environment. Pelaghias can help those who want to invest in the MENA region (Middle East, North Africa), since the Firm has strong relations with the region that partly operates under Sharia law. An increasing number of individuals are using Cyprus to invest in other jurisdictions that do not operate under a common law system.

As we neared the end of our time, I asked Alexandra how the Firm has pivoted to the changing technological innovations in the 21st century, especially Artificial Intelligence. Alexandra quickly responded that Pelaghias is becoming a regional hub for technology companies. They host the Reflect Festival, the largest Tech & Entrepreneurship event in Limassol. It has thousands of attendees per year – which is no simple feat for an island of 1,000,000. Alexandra also spearheaded the technology and AI department to ensure that the Firm stays relevant in its use of technology and AI to provide clients with excellent, personalized legal services. However, the increased emphasis on technology and AI results in organizations needing to deploy security protections – and Pelaghias has done just that. The firm will be certified by June with the following ISO modules:

  • ISO 90001:2015 = Quality Management Systems (QMS)
  • ISO 45001:2018 = Occupational Health & Safety System (OH&S)
  • ISO 14001:2015 = Environmental Management System (EMS)
  • ISO 27001:2022 = Information Security Management System (ISMS)

It is a great accomplishment for Pelaghias and rare for law firms to earn ISO certifications, another reason why Pelaghias is among the leading firms in their region.

The adage “the more things change, the more they stay the same” holds true for Pelaghias, a Cyprus law firm celebrating a 100-year tradition. They have and continue to assist companies and individuals with aviation, banking & finance, blockchain & technology, corporate and commercial, litigation, taxation, and much more. They’ve pivoted in the wake of the COVID-19 pandemic, the rise of artificial intelligence, and the security awareness movement, while staying true to the values engrained in the firm’s leadership since it was founded in 1920 by John G. Pelaghias.

Visit www.pelaghiaslaw.com/ for more information.

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15 Jun 2026

Honduras Firm LegalTech Consulting Joins Globalaw

Globalaw is pleased to announce its expansion into Honduras with the addition of LegalTech Consulting Firm!

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LegalTech offers multidisciplinary legal services in Labor and Administrative Law, Civil and Commercial Law, Tax Law, Corporate and Business Consulting and Judicial and Extrajudicial Representation.

LegalTech's professionals have served on the Boards of Directors, General Management, Human Resources, and Financial and Administrative Management teams of national and international companies, as well as banking institutions, social organizations, and state-owned enterprises.

For more information, visit https://legaltechcf.com/.

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11 Jun 2026

Globalaw Foundation Supports Berlin Legal Aid Fund for Youth Welfare

Globalaw, a leading network of approximately 80 independent law firms in over 60 countries, announces that the Globalaw Foundation presented a donation of €5,000 to Berliner Rechtshilfefonds Jugendhilfe e.V. (BRJ) during the 2026 Globalaw EMEA Regional Meeting in Berlin, Germany.

Established over two decades ago, the BRJ is an ombudsman service in child and youth welfare, providing legal, professional, financial, and emotional support to young people and their families. The association is dedicated to balancing structural power between those who need assistance and those who provide it.

“BRJ combines access to justice, youth support and legal empowerment to assist and advise hundreds of new people each year,” said Peter J. Brown, Globalaw President and Partner at Edwards, Kenny & Bray LLP. “I’m thankful to our members for their generosity, which allowed the Globalaw Foundation to measurably advance BRJ’s mission through this donation.”

Contributing to local charities is a fundamental component of Globalaw’s event programming. Representatives from selected nonprofits are also invited to meet and network with Globalaw member firms, helping them raise awareness of their organisations and build ongoing connections and engagement.

"On behalf of all the young people we have the privilege of supporting, our volunteers, and also in the spirit of those who founded the BRJ 25 years ago, I would like to thank Globalaw for this generosity,” said Konstanze Fritsch, Berliner Rechtshilfefonds Jugendhilfe e.V. Managing Director. “Their support is a contribution to greater justice, greater balance, and a legal system that truly reaches the people."

About The Globalaw Foundation

The Globalaw Foundation supports community organizations focused on helping young people access legal education and increasing access to justice for those who would otherwise be denied it for financial or other reasons. The foundation is funded through donations from Globalaw member firms and funds raised at Globalaw events. Visit www.globalaw.net for more information.

About Globalaw

Founded in 1994, Globalaw is a global band one Chambers-ranked leading network of approximately 80 independent law firms and 4,000 lawyers in over 60 countries. Our mission is to foster seamless legal collaboration among member firms and assist them in delivering high-quality, cost-effective solutions to their clients worldwide. We take pride in our commitment to excellence, global reach, and innovative approach to legal services. Visit www.globalaw.net to learn more.

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23 May 2026

Globalaw Member Spotlight: Nicholson y Cano, Argentina

Founded 50 years ago, Nicholson y Cano has grown into one of Argentina's leading full-service law firms. With 30 partners and more than 150 attorneys, the firm has intentionally expanded through a combination of internal talent development and strategic lateral hires, building a large, highly qualified professional team across all major transactional and contentious practice areas.

Today, Nicholson y Cano advises on landmark domestic and cross-border transactions across a broad range of sectors, including energy, M&A, capital markets, infrastructure, agribusiness, and real estate. The firm is consistently recognized in leading international legal directories.

Human-Centered Approach

Nicholson y Cano is defined by a commitment to excellence, client loyalty, and creative legal thinking. The firm fosters a collaborative, interdisciplinary environment where partners and associates work across practice areas to deliver integrated solutions to complex matters.

The firm’s culture is rooted in the transformative power of human connection and the uniqueness of its people, whose shared values are professional excellence, integrity, and teamwork.

Strong International Perspective

The team combines deep knowledge of Argentine law and regulatory frameworks with an international outlook, enabling it to serve both domestic clients and multinational companies in the following practice areas:

  • Corporate / M&A
  • Banking, Capital Markets & Corporate Finance
  • Oil & Gas
  • Mining
  • Infrastructure
  • Agribusiness
  • Tax
  • Competition & Antitrust
  • Litigation & Arbitration
  • Compliance & Anti-Corruption
  • Public Law
  • ESG & Sustainable Finance
  • Labor & Employment
  • Real Estate
  • Insurance
  • Data Privacy & Technology
  • TMT
  • Environmental
Integrated, Full-Service Coverage

Nicholson y Cano is one of Argentina's few genuinely full-service law firms, offering integrated coverage across all major practice areas through a single, highly coordinated team. Key differentiators include:

  • Scale and depth: A large, qualified team enables the firm to deploy multidisciplinary task forces for complex, high-stakes matters.
  • Track record in landmark transactions: The firm has acted in some of the most significant deals in Argentina's recent history, including RIGI-framework energy projects, privatizations, and major capital markets transactions.
  • Sector expertise: Recognized for strength in areas of strategic importance to Argentina's economy, including energy, M&A, capital markets, and agribusiness.
  • International reach: Deep experience advising foreign investors and multinational companies on entry into and operations in Argentina, as well as cross-border transactions involving Latin American counterparties.
  • Long-term client relationships: A firm culture built on hands-on partner involvement, trust, and consistent responsiveness.

The firm is consistently recognized in leading legal directories, including:

  • Chambers & Partners Latin America 2026: Ranked Leading Firm, 5 ranked departments and 12 ranked individuals.
  • Legal 500 Argentina: Ranked across 13 practice areas, including Tier 2 in Environment, Insurance, and Real Estate; Tier 3 in Banking & Finance, Compliance, Oil & Gas, Mining, Labour & Employment, Public Law, and TMT; Tier 4 in Corporate & M&A and Dispute Resolution.

Other rankings

  • IFLR Banking & Finance and Capital Markets
  • Latin Lawyer Award I Project finance: energy and natural resources I Vaca Muerta Pipeline gets US$2 billion financing
  • Lexology Index (Who's Who Legal) — Real Estate 2026: Recognized in the Real Estate category, led by partner Agustín Alberto Pérez Cambiasso.
  • Leader’s League - Mergers & acquisitions I Corporate / M&A - Tax law I Corporate tax / Banking & finance / Dispute Resolution I Claims and insurance litigation / Arbitration / Competition & Antitrust / Dispute Resolution
Client Success Highlights

The firm has completed the following notable transactions over the past two years:

Energy & RIGI Framework

    • Proyecto Vaca Muerta Sur (Vista Energy / Pluspetrol, USD 3 billion, ongoing) — Advised Vista Energy Argentina S.A.U. and Pluspetrol S.A. as shareholders of VMOS S.A.U., a midstream infrastructure company under Argentina's RIGI framework to transport and export crude oil from Vaca Muerta. Scope included shareholders' agreement, option agreements, and crude transport agreements.
    • Proyecto LNG — Southern Energy & San Matías Pipeline (Golar LNG, USD 15+ billion, ongoing) — Advised Golar LNG on two projects under Argentina's RIGI framework: a floating LNG production and export vessel (Southern Energy) and the San Matías Pipeline. Both projects involve a consortium of partners including Pan American Energy, YPF, Pampa Energía, and Harbour Energy, and include a 20-year agreement covering renegotiation of the shareholders' agreement and Bareboat Charter Agreement.

    M&A & Corporate

    • Fusión Ledesma (USD 5 million) — Lead legal adviser on the merger by absorption of Ledesma Frutas S.A. by Ledesma SAAI, including transaction documents, merger prospectus, and CNV/ByMA authorizations.
    • Fusión compañías de seguros — Grupo Galicia (September 2025, ongoing) — Advised on the corporate reorganization of five insurance companies within Grupo Galicia through two mergers by absorption, providing support on all corporate and regulatory matters, including obtaining approvals before the Superintendencia de Seguros de la Nación and the Inspección General de Justicia. Coordinated with tax advisors on all aspects relating to the tax-free reorganization.
    • Venta QatarEnergy / ExxonMobil Exploration Argentina (USD 1.7 billion) — Advised QatarEnergy on the sale of its 30% stake in ExxonMobil Exploration Argentina S.A. to Pluspetrol, covering assets in Neuquén province including pipeline participations in Oldelval.
    • Santa Juana Farmland Fund (USD 270 million+, ongoing) — Advised Santa Juana Ltd. on the divestment of agro-industrial assets across Argentina, Brazil, Paraguay, and Uruguay, addressing tax, FX, and regulatory restrictions applicable to foreign ownership of rural land.

    Banking & Capital Markets

    • IPO San Miguel S.A. (USD 58 million) — Advised on the IPO of 955,303,128 new shares listed on ByMA, including conversion of subordinated loans to equity. Organizer Bank: Santander; AR Partners and Puente also involved.
    • Fusión MatbaRofex-MAE / A3 (2024) — Advised Matba Rofex SA on its merger with Mercado Abierto Electrónico SA and the creation of the resulting entity A3 S.A., covering all corporate and regulatory aspects and obtaining authorizations before the Comisión Nacional de Valores and other regulatory bodies. Included filing before the national competition authority.
    • Préstamo Sindicado ACA (USD 80 million) — Acted as local Argentine counsel to FMO on a syndicated loan led by FMO and Rabobank for Asociación de Cooperativas Argentinas (ACA), one of Argentina's largest grain producers.
15 Years of Globalaw Collaboration

For more than 15 years, Nicholson y Cano’s has provided legal assistance to clients of Globalaw member firms in a wide range of practice areas and industries. The firm actively participates in network initiatives and previously hosted the Globalaw Americas meeting in Buenos Aires.

For more information, visit: www.nicholsonycano.com.ar.

press
21 May 2026

Austria’s New Rules on Settlement Permits for Cross-Border Workers

In the past, third-country citizens (citizens of a country outside of the European Union) always required a valid residence permit (“Niederlassungsbewilligung”) in order to obtain a work permit and be employed in Austria. As a consequence, many skilled workers, who were citizens of third countries and resided in regions close to the Austrian border, could not work in Austria, even if no suitable workforce was available on the Austrian labour market. Vacancies regularly remained unfilled, exacerbating the shortage of skilled workers in Austria. To address this shortage of skilled workers and to provide third-country citizens residing in neighbouring countries with access to the Austrian labour market, legislative measures have now been implemented in Austria.

Effective from 1 December 2025, a new settlement permit for ‘cross-border workers’ (“Aufenthaltsberechtigung Grenzgänger”) was introduced. The settlement permit for ‘cross-border workers’ is a combined work and settlement permit for individuals who reside in a country bordering Austria. It entitles the holder to stay in Austria temporarily for the purpose of employment without establishing a residence.

In order to obtain a settlement permit for ‘cross border workers’, the (future) employee must have a long-term residence permit with unrestricted access to the labour market in a neighbouring country of Austria. Consequently, certain individuals are not eligible, such as seasonal workers or students. Furthermore, the place of prospective employment must be located in an administrative district of Austria that borders the neighboring country directly. A further prerequisite for the granting of a settlement permit for ‘cross-border workers’ is a positive assessment by the Public Employment Agency, confirming that no suitable replacement worker is available on the Austrian labour market and that the general requirements for a national work permit are met. Finally, the employee must return to his main residence in the neighbouring country at least once a week. For example, a Japanese citizen, having a permanent residence- and work permit in Slovenia may work in the Austrian border region with Slovenia, provided that the other requirements are met.

An application for a settlement permit may be submitted to the competent residence authority at the (future) place of employment by either the employer or the employee him/herself. An employment contract and a statement from the employer confirming the employee’s (future) employment with him/her must be submitted with the application. The settlement permit is usually issued for a period of 12 months and can subsequently be renewed.

The introduction of this new status facilitates the recruiting of skilled workers in border regions and enables third-country nationals residing in a neighbouring country to access the Austrian labour market. It is expected that through this legislative measure, a contribution will be made towards addressing the shortage of skilled workers.

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For more information, contact:

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Dr. Philipp Spatz, LL.M.

p.spatz@hba.at

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Mag. Markus Koroschetz

m.koroschetz@hba.at

hba Rechtsanwälte GmbH