LLPO Law Firm to advise the Government for the privatization of the Cyprus National Lottery

Vlaemminck & Partners BV BVBA operating under the brand name of PharumLegal and Angelides, Ioannides Leonidou LLC - LLPO Law Firm, (acting as the legal experts of the KPMG Ltd led advisory team, also including, QLot Consulting AB and J&E Davy Holdings Limited) have been selected by the Ministry of Finance of Cyprus and the Republic’s Privatization Unit as the retained consultants of the Cyprus Government for the provision of professional services regarding the private sector participation in the National Lottery.
Pharumlegal and LLPO Law Firm will offer their legal services to:
(a) provide a legal analysis of the lottery market in Cyprus and the relevant trends in the global gaming market,

(b) identify, analyse and present the private sector participation options and respective legal structures regarding the National Lottery,
(c) assess and adequately develop Cyprus’ existing legislative and regulatory framework pertaining to the lottery activities and any relevant impending legislation and draft/ prepare/ amend all necessary underlying laws and regulations and secure their enactment,

(d) manage all legal aspects of the Project from design, initiation, preparation, execution and management up to the financial close of the Transaction

About PharumLegal - Vlaemminck & Partners BV BVBA (
Pharumlegal, is a leading law firm, with its headquarters located in Brussels, Belgium, specialising in the lottery industry and a key contributor to the relevant EU and national gaming legislations. The lawyers of the firm have been advising governments, regulators and operators all over Europe for the past 30 years, and have been involved in every gambling case at the Court of Justice of the EU since 1994

About LLPO Law Firm - Angelides, Ioannides, Leonidou LLC (
LLPO Law Firm is a leading law firm, with its headquarters located in Nicosia, Cyprus, practicing in all major areas of commercial and financial services law, providing amongst other services legislative and regulatory compliance services and advice on commercial law, lotteries, gambling and gaming, intellectual property, corporate and company law.

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