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Corporate Recovery and Insolvency 2012 - Cyprus

August 2012 - Corporate & Commercial. Legal Developments by Andreas Neocleous & Co.

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Prior to independence, Cyprus was a British colony and much of its legal system derives from English law. The Companies Law, Cap. 113, closely resembles the UK Companies Act 1948. The Companies Law has been added to and updated over the years, but most of its provisions in the fields of security and insolvency remain broadly as they were at independence.

(This article first appeared in The International Comparative Legal Guide; published by Global Legal Group Ltd, London.)

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