Corporate
Court appointed Interim Receiver
Interim receiver appointed to preserve and protect assets.
What does this entail?
Interim Receivers are appointed pursuant to the provisions of section 32 of the Courts of Justice Law, Law 14/1960.
An Interim Receiver is an officer of the court and he/she is tasked with preserving, safeguarding or managing assets on a temporary basis.
In order for the appointment to be made, there must be a serious issue to be tried, a probability that the applicant is entitled to relief and it must appear that justice would be difficult or impossible to achieve at a later date if the appointment is not granted.
Chris Iacovides
Chief Executive Officer
Andri Antoniou
Director - Licensed Insolvency Practitioner
Marios Kofteros
Director - Licensed Insolvency Practitioner
When is it appropriate?
When there is a shareholders’ or directors’ deadlock, an alleged diversion or dissipation of assets, disputes over control of companies, fraud or breach of fiduciary duty, or cross-border litigation where Cyprus entities hold assets.
How we can help
We can guide and advise potential clients throughout the receivership process and/or take appointments in order to achieve the desired results.
Next steps
Contact our team to discuss the way forward and timing considerations.
Key Benefits
A court supervised mechanism to protect and preserve assets
- Potential appointment of Interim Receiver on an ex-parte basis
- Powers of the Interim Receiver to be determined by the court
- Preservation of rights and asset value
Experienced, Trusted Advisers
Our services are delivered by experienced, qualified professionals who follow a structured and transparent process, from initial assessment through to implementation. We combine technical expertise with a practical approach to ensure each engagement is managed professionally and focused on achieving appropriate outcomes for all stakeholders.