Appointment of a provisional liquidator in corporate law
A breakdown in trust and communication between a company’s directors, coupled with their inability to make decisions in furtherance of the company’s objectives, may result in a management ...
Cyprus-based firm included in new US sanctions list
One Cyprus-based company has been included on the latest US sanctions list targeting individuals and entities said to be aiding Russia’s war efforts.
The US Treasury’s updated sanctions ...
Representing a company before the court
The legal profession in Cyprus can only be exercised by registered and licensed lawyers, with the exception of a physical person, being a litigant, who can represent themselves before the ...
Shareholding in a company
A company should preferably not be dependent on two directors with 50 per cent of its shares each
The shareholding or management structure of a company may create problems when a ...
The name of the liquidator is specified in the lawsuit title
The title of a lawsuit concerning a company under liquidation specifies the name of the liquidator and their capacity
In every legal proceeding involving a company under liquidation, its name ...
Cyprus realised goal of becoming a business hub in 2022
Almost 10,000 specialised professionals have relocated to Cyprus
Information technology sector alone contributes €3 billion to economy
More than 1,200 international companies have relocated to Cyprus in 2022, alongside 9,800 specialised members of staff, according ...
Appointment of a receiver or manager of the property of a company
It is a contractual right and is not subject to validation by the court or approval or acceptance by the registrar of companies
The security afforded to a company creditor ...
Stay of proceedings due to a liquidation application
The purpose of the stay is to protect the company’s assets and the rights of its creditors
Protecting the rights of the creditors and the assets of a company ...
Service of a lawsuit to the receiver of a company
A lawsuit against a company under receivership is served to the receiver or its registered office
A company’s receiver is appointed by a secured creditor, a debenture holder under ...
Almost 5,000 public servants illegally engaged in private sector – audit office
According to a confidential report sent by the audit office to the parliament on April 12, almost 5,000 civil servants and public service employees are illegally engaged in private-sector businesses as shareholders, ...
Appointment of a provisional liquidator
They protect the assets of a company under liquidation and maintain its status
If the creditor of a company serves to its registered office a claim for payment of over €5.000 ...
Is insurance a scam?
Notwithstanding that we’ve been involved in the real estate business for the last 42 years, we are still learning from our mistakes and ommissions, as well as from the various ...