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 ...
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 ...
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 ...