Restructuring and insolvency in Cyprus: overview | Practical Law

Restructuring and insolvency in Cyprus: overview | Practical Law

A Q&A guide to restructuring and insolvency law in Cyprus.

Restructuring and insolvency in Cyprus: overview

Practical Law Country Q&A 4-501-7673 (Approx. 22 pages)

Restructuring and insolvency in Cyprus: overview

by Elias Neocleous and Ioannis Sidiropoulos, Elias Neocleous & Co LLC
Law stated as at 01 Apr 2021Cyprus
A Q&A guide to restructuring and insolvency law in Cyprus.
The Q&A gives a high level overview of the most common forms of security granted over immovable and movable property; creditors' and shareholders' ranking on a company's insolvency; mechanisms to secure unpaid debts; mandatory set-off of mutual debts on insolvency; state support for distressed businesses; rescue and insolvency procedures; stakeholders' roles; liability for an insolvent company's debts; setting aside an insolvent company's pre-insolvency transactions; carrying on business during insolvency; additional finance; multinational cases; and proposals for reform.