Cyprus

A recent legal clarification in Cyprus has changed long-standing practice regarding property transactions and how encumbrances are handled by the Land Registry. No obligation to Notify Buyers at Filing Stage: A court-backed interpretation, confirms that the Land Registry Department is not required to inform buyers of property encumbrances (mortgages, memos, etc.) when a sale contract […]

What is Company Strike off? Strike off is the process by which a limited liability Company in Cyprus is removed from the Register of companies maintained by the Registrar of Companies in Cyprus. Strike Off Procedure A Company may be struck off in two ways: What Happens Next The Registrar of Companies publishes in the

Liquidation is the process of dissolving a Company and distributing its assets to the Company’s creditors and shareholders.   In Cyprus, the liquidation procedure is regulated by the Companies Law, Cap. 113, which specifies the below two types of liquidation: Members’ Voluntary Liquidation The liquidation procedure commences with the passing of a resolution by the

Pledging shares in a Cyprus company is one of the most widely used mechanisms for securing financial and commercial obligations. Whether in financing arrangements or corporate transactions, a share pledge offers a reliable and flexible form of security. This article provides a comprehensive overview of share pledges in Cyprus, including their legal nature, how they

A reduction of share capital is a strategic corporate action that a company may undertake for a variety of reasons. In Cyprus, this process is regulated by the Companies Law, Cap. 113, and is designed to ensure proper safeguards for creditors and other stakeholders. What is a Share Capital Reduction? A share capital reduction refers

The vast majority of private limited liability companies in Cyprus are incorporated with a share capital. There are instances where shareholders may wish to inject additional funds into the company. One of the most common and structured ways to do this is through an increase of the company’s authorised share capital, followed by the issuance