This comprehensive Q&A guide provides a high-level overview of Cyprus’s legal framework for restructuring and insolvency. It covers key topics including common forms of security over immovable and movable property, the ranking of creditors and shareholders in insolvency, debt recovery mechanisms and mandatory set-off of mutual debts.

The guide also examines Cyprus’s rescue and insolvency procedures, stakeholder roles, liability issues, treatment of pre-insolvency transactions, the continuation of business during insolvency, availability of additional finance, and the handling of cross-border and multinational cases.

To access the full chapter, visit Practical Law Global.

For more information please contact Elias Neocleous, Demetris Roti, Fanis Onisiforou, or Alexandros Neofytou