Reorganizations

Cyprus: an efficient legal framework

As businesses are living creatures ever evolving, expanding, diversifying, re-directing, venturing into new areas of practice, separating legal relationships, severing unhealthy operations, they are constantly in need of legal restructuring tools to allow them to organise their prospects and business relationships in a more efficient manner. Cypriot corporate law has well established efficient reorganisation tools for Cypriot companies.

The Cyprus Companies Law Cap. 113 offers the following reorganisation options:

Options

Merger

1. one or more companies, on being dissolved without going into liquidation transfer all their assets and liabilities to another existing company in exchange for the issuance of respective shares by the absorbing company to the shareholders of the absorbed company or companies;