Corporate Insolvency and Restructuring Legal Framework in Cyprus: A Shift Towards a Rescue Culture

8th May 2023

This article by senior associate Artemis Amalia Metaxa, appearing in the 2023 edition of GRR – Europe, Middle East and Africa Restructuring Review, outlines the procedures and tools currently available under the applicable corporate insolvency and restructuring legal framework in Cyprus.

It further presents certain recent amendments thereto, in the context of transposition of Directive (EU) 2019/1023 (the ‘EU Restructuring Directive’) into national legislation, and discusses their anticipated implications.

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