110 results found

As a general rule, a company is recognised in law as a separate legal person, distinct from its shareholders and directors. This means that the company itself can own assets, enter into contracts...

Prior to considering the nature, effect and legal implications of so-called retention (or reservation) of title clauses, it would perhaps be prudent, for contextual purposes...

Trusts are highly versatile instruments which can be used for a wide variety of purposes to achieve specific goals. In simple terms, the common law Trust is structured as a triangular relationship where the ...

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.

In Cyprus, a company may be subject to liquidation by the court under certain conditions as outlined in the <strong>Companies Law</strong>. This process is significant in ensuring that companies that are unable to meet their obligations are properly dissolved in a manner that protects the interests of creditors and stakeholders.

In the recent judgment of the new Cyprus Court of Appeal dated 09/02/2024, Regarding the Petition of Evelyn Bates v. Regarding the Company M. Moniatis & Sons Ltd, Civil Appeal no. 145/2018, 9/2/2024 the following were decided:

Cyprus has enacted Law 112(I)/2026, introducing significant amendments to its Personal Insolvency Laws that broaden eligibility criteria for Debt Relief Orders and Personal Repayment Plans. The reforms strengthen protections for debtors and guarantors while simplifying evidential requirements, fundamentally reshaping how individuals can address overwhelming debt obligations.

The purpose of this legislation is the sale of the mortgaged asset without the intervention of any governmental department and the new procedure is conducted exclusively by the mortgagee.

The lack of consistency and variance in the degree of protection afforded to investors across the European Union, have raised concerns as to the efficiency of the existing AIFMD and UCITS...

Cyprus boasts an attractive merger and reorganisation regime not only locally (ie, between Cyprus entities), but also at a cross-border, EU level.

During this certain period the Examiner ascertains whether the company may be rescued and prepare a rescue plan.

Economies globally are passing through severe turbulence. As if the adverse effects of the pandemic were not enough, the recent crisis in Ukraine and its financial consequences are causing increasing macro...

The companies Cypriot or foreign continue to maintain their legal identity even after their transfer to a foreign country or Cyprus respectively...

The reason which prompted me to write this article was a rather recent article in the Cypriot newspaper Politis dated Sunday April 4th, 2023, and authored by Ioannis Trikides whereby it was stated...

When a Cyprus company defaults on payment, creditors face a critical challenge: securing assets before they disappear. This analysis examines the strategic steps creditors must take—from evidence gathering and corporate due diligence to freezing orders and disclosure remedies—to maximize recovery prospects before judgment becomes meaningless.

A creditor with an unpaid judgment may be able to recover money from a bank or another person who owes money to the debtor. Garnishee proceedings provide the means to attach that money and seek an order for its payment towards the judgment debt. They are particularly relevant where the creditor knows the debtor’s bank or can identify a customer, tenant or other person from whom payment is due.

In the wake of the collapse of FTX, which was ranked as the world's third-largest cryptocurrency exchange just days before declaring bankruptcy ...

When may a company seek relief from creditors? Must a company be insolvent?