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ARTICLE · 14 SEPTEMBER 2008

Restructuring And Insolvency

Elias Neocleous & Co LLC
Elias Neocleous & Co LLC
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Elias Neocleous & Co LLC

Elias Neocleous & Co LLC

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Frequently asked questions on restructuring and insolvency in Cyprus.

CyprusInsolvency/Bankruptcy/Re-Structuring
Elias Neocleous
Elias Neocleous
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This article was originally published in the PLC Cross-border Restructuring and Insolvency Handbook 2008/09, Practical Law Company.

SECURITY AND PRIORITIES

1. What Are The Most Common Forms Of Security Taken In Relation To Immovable And Movable Property? Are Any Specific Formalities Required For The Creation Of Security By Companies?

Immovable Property

The security most commonly granted over immovable property is the mortgage. A mortgage can be legal or equitable:

  • Legal Mortgage. This transfers a legal interest in the mortgaged property to the lender until full repayment of the loan or the performance of some other obligation.

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