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The Companies Law of Cyprus CAP113 ("Companies Law") is based on the UK Companies Act of 1948 with the necessary amendments to incorporate the relevant EU Directives.

Following the 2013 Cyprus financial crisis and the consequent bailout, the banking sector in Cyprus has witnessed a considerable reduc¬tion in its size and lending exposure.

Understanding Inspection Committees is vital for corporate insolvency proceedings. The role of creditors' committees is complex but also critical.

The reform of the insolvency statutory framework to which Cyprus consented to in 2015, was one of the terms of the Memorandum of Understanding between the government of Cyprus, the International Monetary Fund (IMF), ...

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...

The Republic of Cyprus acceded to the Convention on International Interests in Mobile Equipment of 2001 (the Cape TownConvention) as of 1 November 2023.

In April the Cyprus Parliament approved a new package of insolvency laws, aimed at streamlining and modernising the existing system and promoting a rescue culture.

Company liquidation is a legal procedure triggered when a company faces difficulty repaying its debts.

In times of financial difficulty, the Personal Insolvency (Personal Repayment Plans and Debt Relief Order) Law of 2015 in Cyprus provides a structured way for debtors to manage their debts while protecting their principal residence.

A foreign judgment or an arbitral award has no immediate effect in Cyprus. A procedure must be followed in order to enforce the foreign judgment.

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...

The Covid-19 pandemic created an unprecedented situation for the lives and livelihoods of people from every socioeconomic background.

Cyprus reduces the threshold for approving Schemes of Arrangement to simple majority

According to the law, an act of bankruptcy occurs under several circumstances.

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.

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.

Recent developments, sanctions and capital controls have disrupted finance arrangements and bond issuance going through Cyprus, with many innocent parties getting caught in the crossfire.