Mondaq All Regions - Cyprus: Insolvency/Bankruptcy/Re-structuring
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.
Eurofast Global Ltd
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...
Soteris Pittas & Co LLC
On the 24rth of October 2012 the Supreme Court of the United Kingdom handed a decision on the enforceability of foreign judgments reversing the controversial decision of the Court of Appeal in Rubin v Eurofinance [2010] EWCA Civ 895.
Haviaras & Philippou L.L.C
The reform of the insolvency statutory framework to which Cyprus consented to in 2015, was one of the terms of the Memorandum of Understanding between the government of Cyprus, the International Monetary Fund (IMF), ...
Soteris Pittas & Co LLC
During this certain period the Examiner ascertains whether the company may be rescued and prepare a rescue plan.
Elias Neocleous & Co LLC
The Companies Law of Cyprus CAP113 ("Companies Law") is based on the UK Companies Act of 1948 with the necessary amendments to incorporate the relevant EU Directives.
P. N. Kourtellos & Associates LLC
A foreign judgment or an arbitral award has no immediate effect in Cyprus. A procedure must be followed in order to enforce the foreign judgment.
P. N. Kourtellos & Associates LLC
Employing some 2,000 drivers and packers on the supply end and 1,250 for the company, the supermarket chain was deemed the largest one in Cyprus, once considered too big to fail. Orphanides Public Company Ltd has now been declared insolvent.
Elias Neocleous & Co LLC
In the Memorandum of Understanding it agreed with its international creditors in Spring 2013 the Cyprus government undertook to put in place an effective system for the enforcement of security over mortgaged land.
Elias Neocleous & Co LLC
When may a company seek relief from creditors? Must a company be insolvent?
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,
Freemont Group
Over the past month the Greek debt crisis has been putting quite some pressure on the rate of the Euro.
Most Popular Recent Articles
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.
A.G. Erotocritou LLC
Cyprus reduces the threshold for approving Schemes of Arrangement to simple majority
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
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.
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.
Eurofast Global Ltd
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...
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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