Articles
Articles on insolvency, restructuring and corporate recovery across the DIFC, ADGM in the UAE and Cyprus, including guidance for directors, lenders, and professional advisers.
11.02.2022
Turning back the Clock: Post-Brexit cross-border recognition in Cyprus & UK
12.05.2021
Changes to CFC Rules in Ukraine: Time to liquidate Cyprus or other offshore companies?
Recent legislative changes in Ukraine exempt individuals from personal income tax on income received from liquidation…
16.04.2020
Nominee Directors: Professionals acting as nominees must understand that in common law, there is no such term
In a recent decision issued by Judge Mathikolonis, sitting at the District Court of Limassol, in…
13.04.2020
Seeking justice in multi-jurisdictional fraud, creditors must be prepared for the long haul
According to a press release issued by the Cypriot police, on 31st January 2020, a 42-year-old…
08.04.2020
New Insolvency Measures Introduced by the British Government Bring Relief to UK Companies and their Directors
Whilst the UK is taking proactive measures to aid ailing companies and businesses from the aftermath…
24.10.2018
Examinership: A missed opportunity
As part of the new insolvency framework enacted in Cyprus in May 2015 following the near…
16.11.2016
One Way Road to the Death of Ailing Companies – the New Receivership Bill
There has been much speculation in relation to the Receivership Bill which proposes to introduce a…
06.10.2016
The Mriya Affair – “Where there is a will there is a way”
By the time the “looting campaign” against one of Ukraine’s largest agricultural operators, the Mriya Group…
02.09.2016
European Account Preservation Orders – a useful tool for creditors or a step too far against debtors?
On 14 May 2014 the EU Regulation 655/2014 came into force and will apply from 18…
17.12.2014
Examinership: Potential for Abuse
A process putting companies “on life support with no prospect of survival” is how examinership was…
25.03.2013
Good and Bad Bank
The events that unfolded last Thursday in Cyprus, created intense anxiety and concern with regard to…
03.10.2011
Receivers and Managers
Typically, a company receiver and manager, is appointed out of court by a secured creditor under…
01.01.2010
Effect of Winding Up upon Secured Creditors
Ordinarily, the instrument creating the debenture confers on the holder a right to appoint a receiver…
17.11.2009
Validation Orders In the Context of Winding Up
In a winding-up by the court, any disposition of the company’s property, and any transfer of…
02.09.2009
Annulment of Bankruptcy, one year after… The “famous” law with its subsequent ammendments in relation to Annulment Applications – By operation of Law – by Bankrupts, pursuant to the provisions of Section, 27 and 27a, 2 of 2(1) and 2(b) of 74(1) of 2008
Discharge is the procedure whereby the bankrupt obtains his/her release from the restrictions of bankruptcy and…
27.07.2009
Wrongful Trading
Wrongful trading is an action that can be taken only by a company’s liquidator, once it…
20.07.2009
Shadow and de facto directors
Shareholders, including parent companies, who have the right to appoint one or more directors to the…
07.07.2009
Piercing the corporate veil
When a court rules that the directors, shareholders or beneficial owners of a company should be…
29.06.2009
Helios, the Failed Airline, will continue to haunt Cyprus as the battle for its liquidation is likely to last for several months.
On the 9th of April 2009, Louis Hotels Public Company Ltd, a creditor of Helios, filed…
16.06.2009
What is Bankruptcy and what are its Repercussions
Bankruptcy is ones inability to discharge personal debts as and when these become due for payment….
09.06.2009
In May 2009, 16 public companies filled for Bankrutcy in the US
Contrary to popular belief that Recovery is on its way in the world’s biggest Economy, USA,…
29.05.2009
One million people insolvent in the UK
Around 700,000 people are currently left off the official British insolvency figures, even though they are…
04.05.2009
Corporate Restructuring in the light of the world’s financial crises
In volatile economic conditions there are always going to be businesses that suffer from a downturn….