This area of law governs the formation and merger of Financial Institutions, open and close of bank accounts, the financial transactions and formation of Investment Firms. The Regulatory Authorities is Cyprus Central Bank for Financial Institutions and CySEC for Investment Firms. The geographical position of Cyprus has equipped it with many advantages in relation to Banking and Finance Law and as a result the Finance and Banking Law is being updated and has become a fast-paced area of law reflecting the power of this sector in Cyprus Economy. Fotini Y. Hadjioannou Law Office undertakes the open and close of bank accounts, the provision of legal consultations on financial transactions, formation of Financial Institutions and its branches, the representations of plaintiffs before competent committees and tribunals.