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ARTICLE · 12 FEBRUARY 2016

Success In Official Examinations For Licensed Insolvency Practitioners

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

Elias Neocleous & Co LLC

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Insolvency practitioners are required to be members of an approved professional body and must demonstrate their competence by successfully completing an official examination within a specified period.

CyprusWealth Management
Elias Neocleous & Co LLC
Elias Neocleous & Co LLC
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In 2015, as part of the modernisation of the insolvency regime in Cyprus, the government introduced new minimum standards of qualification and regulation for persons fulfilling the role of insolvency practitioner – see http://www.neocleous.com/articles/news/licensing-of-insolvency-practitioners.

Certain activities, including acting as liquidator, provisional liquidator, receiver, administrator or examiner under the Companies Law or as trustee in bankruptcy of a natural person may only be undertaken by persons meeting those standards or by the Official Receiver. Insolvency practitioners are required to be members of an approved professional body and must demonstrate their competence by successfully completing an official examination within a specified period.

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