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Elias Neocleous & Co LLC
The COVID-19 pandemic has undoubtedly caused a severe disruption in global business.
AGP Law Firm | A.G. Paphitis & Co. LLC
During these difficult times, both SMEs and mutli-national businesses face financial struggles including cash flow shortages and decreased revenue.
Patrikios Pavlou & Associates
The guide provides expert legal commentary on out-of-court restructurings and consensual workouts
A.G. Erotocritou LLC
The Covid-19 pandemic created an unprecedented situation for the lives and livelihoods of people from every socioeconomic background.
Harris Kyriakides
On 02/08/2019, the Parliament has passed the Transfer and Mortgage of Property (Amending) (No. 4) Law of 2019 (the "Amending Law of 2019")
Antoniou McCollum & Co.
The Cypriot corporate insolvency framework has undergone an overhaul over the past years.
Elias Neocleous & Co LLC
Distressed companies are those facing financial crises not resolvable without a considerable recasting of the firm's operations, structures and finance.
A.G. Erotocritou LLC
As a result of the numerous cross-border structures involving Cyprus, the need to recognise foreign insolvency proceedings in Cyprus is becoming more common.
Elias Neocleous & Co LLC
Maria Kyriacou, head of our Nicosia office, was one of the principal speakers at a recent seminar organised by the Institute of Certified Public Accountants of Cyprus for its members on the subject
PwC Cyprus
On 10 July 2018, the House of Representatives voted for amending the provisions of the tax legislation regarding bank debt restructurings involving immovable property in Cyprus.
A.G. Erotocritou LLC
Cyprus reduces the threshold for approving Schemes of Arrangement to simple majority
Elias Neocleous & Co LLC
Parliament passed a package of legislative measures on 8 July 2018 that aims to encourage the resolution of non-performing loans.
In the context of streamlining procedures and avoiding lengthy processes, the Insolvency Service and the Bankruptcy and Liquidation Companies' Division of the Registrar of Companies and Official Receiver of Cyprus announced that...
Andreas M. Mylonas & Co LLC
The global economic crisis could not but have extended to Cyprus, too, and financial transactions taking place in Cyprus. Liquidity being a severe problem, it is nowadays paramount for businesses...
P. N. Kourtellos & Associates LLC
The financial crisis in Cyprus resulted among others in the introduction of the Insolvency Framework, comprising of a package of six bills of legislation that came into force on the 07/05/2015.
Michael Kyprianou Advocates & Legal Consultants
The purpose of this legislation is the sale of the mortgaged asset without the intervention of any governmental department and the new procedure is conducted exclusively by the mortgagee.
Michael Kyprianou Advocates & Legal Consultants
The economic downturn in recent years has resulted in the increase of natural persons declaring their businesses insolvent. Legislation that governs insolvency is based on Chapter 5 of the Insolvency Law...
European Union
Elias Neocleous & Co LLC
With the adoption of Directive (EU) 2019/1023 on preventive restructuring frameworks, discharge of debt and disqualifications and measures to increase efficiency (Preventive Restructuring Frameworks Directive)...
Areti Charidemou & Associates LLC
The lack of consistency and variance in the degree of protection afforded to investors across the European Union, have raised concerns as to the efficiency of the existing AIFMD and UCITS...
Elias Neocleous & Co LLC
In 2016 the European Commission published a proposal for a directive on business insolvency, which aims to provide effective restructuring tools to rescue viable businesses in distress,
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