Section 213 of Cyprus Companies Laws CAP. 113 (“CAP. 113”), provides about the persons who have locus standing to petition the winding up of a company and provides inter alia for “…..the creditor or creditors including any contingent or prospective creditors ………..”.

Experts have detailed the rough outlines of an “exit plan” from the lockdown and said the beginning stages could start in about a month.

A further death and 29 new cases of Covid-19 were announced on Monday.

After years of delays, some vital government services have been transformed within weeks.

The rapid development over recent years of the forex industry in Cyprus appears to be beneficial for the island’s whole economy since the coronavirus epidemic little affects its operations, Phileleftheros reports.

Cyprus health authorities reported one more death from coronavirus on Sunday and 17 new confirmed cases, stressing there is a downward trend but urged people to stay home.

ExxonMobil's crucial drilling plans to confirm a large gas deposit south of Cyprus have been put on hold, with a local media report citing delays due to the coronavirus pandemic.

The Ministry of Finance has withdrawn a recent decree on VAT returns from certain categories of taxpayers due to the pressure on public finances sparked by the coronavirus-related restrictive measures.

Cyprus would have to rely on itself for raising funds for its economic measures as the Eurogroup meeting that concluded on Thursday night decided to put off any decision on the issuing of Eurobonds, now also known as corona bonds.

The central bank (CBC) said Friday it has released a further €90 million that could be used to support the economy by pushing back a deadline that obliges other systemically important institutions (O-SII) to hold additional capital buffers.