Cyprus: Insolvency/Bankruptcy

Cyprus has enacted Law 112(I)/2026, introducing significant amendments to its Personal Insolvency Laws that broaden eligibility criteria for Debt Relief Orders and Personal Repayment Plans. The reforms strengthen protections for debtors and guarantors while simplifying evidential requirements, fundamentally reshaping how individuals can address overwhelming debt obligations.

The dissolution of a company following its removal from the Register of Companies is often regarded as the final chapter in its corporate existence, yet the legal position is considerably more nuanced.

Comprehensive Overview of the Key Economic Trends and Developments Reported Across Cyprus This Week

In Cyprus, a company may be subject to liquidation by the court under certain conditions as outlined in the Companies Law. This process is significant in ensuring that companies that are unable to meet their obligations are properly dissolved in a manner that protects the interests of creditors and stakeholders.

Restructuring & Insolvency Comparative Guide for the jurisdiction of Cyprus, check out our comparative guides section to compare across multiple countries

In times of financial difficulty, the Personal Insolvency (Personal Repayment Plans and Debt Relief Order) Law of 2015 in Cyprus provides a structured way for debtors to manage their debts while protecting their principal residence.

Recent developments, sanctions and capital controls have disrupted finance arrangements and bond issuance going through Cyprus, with many innocent parties getting caught in the crossfire.

Currency is a significant expression of state power in the public sphere. It determines the capacity of the state to project power through its external economic relationships and trade agreements.

Η Eυρωπαϊκή Οδηγία 2019/1023 περί προληπτικής αναδιάρθρωσης, την οποία η Κύπρος πρέπει να ενσωματώσει στ&