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Searching Content from Cyprus indexed under Insolvency/Bankruptcy ordered by Published Date Descending.
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1
Determining Insolvency
Distressed companies are those facing financial crises not resolvable without a considerable recasting of the firm's operations, structures and finance.
Cyprus
30 Sep 2019
2
Enforcement Of Foreign Judgements – Cyprus Chapter
The Republic of Cyprus has a national system of justice which is enforced uniformly throughout the government-controlled area of the country.
Cyprus
19 Jun 2019
3
Securitisation 2019 – Promotional Guidelines
Cyprus Contracts Law, Cap. 149 (as amended) states that a contract may be: made orally; partly written and partly oral; entirely in writing; or even implied by the conduct of the contracting parties.
Cyprus
5 Jun 2019
4
Cross-Border Recognition Of Insolvency Proceedings
As a result of the numerous cross-border structures involving Cyprus, the need to recognise foreign insolvency proceedings in Cyprus is becoming more common.
Cyprus
28 May 2019
5
Directors Duties In Insolvency And Its Vicinity- An Alternative Approach For Creditors To Recover
When a company enters insolvency or its ‘'vicinity''[1], the fiduciary duties of directors are no longer owed to the company as a whole, and instead their duties shift towards the creditors.
Cyprus
29 Apr 2019
6
Mergers And Reorganisations – An Overview
Cyprus boasts an attractive merger and reorganisation regime not only locally (ie, between Cyprus entities), but also at a cross-border, EU level.
Cyprus
2 Mar 2019
7
Maria Kyriacou Speaks At Institute Of Certified Public Accountants Of Cyprus Insolvency Seminar
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
Cyprus
7 Jan 2019
8
International Secured Transactions 2018
Cyprus is a former British colony that gained independence in 1960. In 1974, Cyprus was invaded by Turkey and approximately one-third of the country remains under illegal Turkish occupation.
Cyprus
20 Dec 2018
9
The Proposed EU Directive On Business Insolvency: The European Council Agrees Its Position
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,
European Union
23 Oct 2018
10
Schemes Of Arrangement And Recent Changes
Cyprus reduces the threshold for approving Schemes of Arrangement to simple majority
Cyprus
17 Oct 2018
11
Extension Of Limitation On Enforcement Of Financial Guarantees
A series of laws enacted in 2015 introduced limitations on creditors' ability to enforce guarantees in prescribed circumstances, particularly as regards individuals with assets below a specified threshold.
Cyprus
9 May 2018
12
Simplified Procedures For Debtor/Bankrupt Bank Account Opening
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...
Cyprus
27 Apr 2018
13
VAT Registration For Insolvency Office-Holders
The Cyprus Tax Department has issued guidance to professional bodies and other potential stakeholders about VAT registration issues and procedures affecting insolvency office-holders...
Cyprus
12 Dec 2017
14
Debt Collection In Cyprus
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...
Cyprus
14 Jun 2017
15
Execution Of Foreign Judgments Under EU Law: An Overview Of Regulation 1215/2012
The legal system of the Republic of Cyprus provides various routes for the enforcement of foreign judgments which have been issued abroad.
European Union
12 Jun 2017
16
Bank Resolution Regime – From Theory To Practice
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.
Cyprus
27 Mar 2017
17
Strike Off vs. Voluntary Liquidation Of A Cyprus Company
This is a very straight-forward procedure and is generally used for companies that have terminated all activities and do not intend to carry on any business in the future.
Cyprus
8 Mar 2017
18
Divestments And Insolvency
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.
Cyprus
10 Feb 2017
19
The Insolvency Of Natural Persons
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...
Cyprus
10 Feb 2017
20
Re-Domiciliation Of Companies To And From Cyprus
The companies Cypriot or foreign continue to maintain their legal identity even after their transfer to a foreign country or Cyprus respectively...
Cyprus
21 Nov 2016
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