Corporate
Receiver pursuant to the Charging Orders Law
Appointment of a Receiver by Court to realise charged assets.
What does this entail?
Pursuant to the Charging Orders Law of 1992 (31 (I)/1992), a creditor who has obtained a judgment against a debtor, may, for the purpose of enforcing a judgement, apply to the court for the issuance of a charging order over the interest of a judgement debtor of assets which are covered by the Charging Orders Law.
The effect of a Charging Order is to prevent the debtor from dissipating his/her assets, although the issuing of a charging order does not constitute a method of execution. When coupled with an Order for Sale, the issuance of both orders shall be deemed to be a method of execution.
The Court may also appoint a Receiver over assets subject to a charging order to ensure the recovery of the secured amount through the realisation of assets caught by the Charging Orders Law, which includes shares and dividends.
Get in Touch
Chris Iacovides
Chief Executive Officer
Andri Antoniou
Director - Licensed Insolvency Practitioner
Marios Kofteros
Director - Licensed Insolvency Practitioner
When is it appropriate?
When a debtor owns assets caught by the Charging Orders Law and the judgement creditor wishes to take enforcement action including the appointment of a receiver to realise assets caught by the order.
How we can help
We can advise on the strategy and powers of the receiver, when such an appointment may be appropriate, accept appointment as receiver and deal with the asset realisation process with a view to settlement of the judgement creditor.
Next steps
Contact our team to discuss this option, strategy and timing considerations.
Key Benefits
Court led enforcement of judgement debt
- Court appointed receiver appointment
- Preservation of value of asset and prevention from dissipation
- Creditor controlled enforcement tool
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.