Bankruptcy and Insolvency Law

Efficient solutions are essential at times of financial trouble, inability to pay debts and corporate failures.

Our approach is to provide realistic, practical and prompt advice and services. Given our long experience in litigation and general consulting on these areas of law and the range of clients we have advised, we are well placed to deliver pragmatic solutions taking into consideration the interests of the parties involved. We work closely with our clients and where needed also with specialists such as accountants and financial advisors in order to provide high quality service.

Our firm has been at the forefront of the reform of the insolvency framework in Cyprus with our partner Georghios Colocassides serving in the advisory committee of experts to the Cyprus Ministry of Finance on the drafting of the new insolvency framework. Michalis Michael, partner of the firm, is lincensed to act as insolvency practitioner pursuant to the relevant legislation.

We advise on the whole range of matters relevant to the insolvency and bankruptcy regimes applicable in Cyprus. Our services include advice on pre-insolvency matters, debt recovery, corporate recovery and other related issues such as fraudulent trading. We may be instructed to act as insolvency practitioners and thus undertake to perform the whole range of activities in the course of the insolvency, bankruptcy, examinership or similar procedures. We consult on and, when acting as examiners, we develop restructuring proposals taking into consideration the interests of stakeholders involved. In cases involving debt and corporate restructurings, distressed financing, credit bidding etc. we prepare the relevant documentation and we undertake the implementation of registration, perfection and other formality requirements if needed. We also consult and represent before competent courts other insolvency practitioners in their capacity as liquidators, administrators, examiners and receivers and we often act for debtors, creditor committees or distinct creditors and other stakeholders.