ARTICLE
22 February 2023

Ιn Crossfire; Corporate Directors' Action Options In The Event Of Deadlock At The General Meeting

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Elias Neocleous & Co LLC

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Elias Neocleous & Co LLC is the largest law firm in Cyprus and a leading firm in the South-East Mediterranean region, with a network of offices across Cyprus (Limassol, Nicosia, Paphos), Belgium (Brussels), Czech Republic (Prague), Romania (Budapest) and Ukraine (Kiev). A dynamic team of lawyers and legal experts deliver strategic legal solutions to clients operating in key industries across Europe, Asia, the Middle East, India, USA, South America, and China. The firm is renowned for its expertise and jurisdictional knowledge across a broad spectrum of practice areas, spanning all major transactional and market disciplines, while also managing the largest and most challenging cross-border assignments. It is a premier practice of choice for leading Cypriot banks and financial institutions, preeminent foreign commercial and development banks, multinational corporations, global technology firms, international law firms, private equity funds, credit agencies, and asset managers.
The above article, written by Vassilis Psyrras (senior associate) and Ioannis Sidiropoulos (associate), has been published on the website of the Phileleftheros newspaper.
Cyprus Corporate/Commercial Law

The above article, written by Vassilis Psyrras (senior associate) and Ioannis Sidiropoulos (associate), has been published on the website of the Phileleftheros newspaper. The article deals with the corporate directors' options in the event of deadlock at the corporate General Meeting. In particular, the authors present the possible course of action when shareholders cannot reach a decision on the approval of the Financial Statements and the reappointment of auditors. They also include an analysis of the law's provisions and case law for potential court involvement in a de facto deadlock in the General Meeting.

You can see the article (in Greek) here.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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