Restructuring & Insolvency Lawyers in Cyprus

When engaging in corporate restructuring, our objective is to guide your business through the intricate process of debt restructuring. We negotiate with creditors on your behalf and devise and implement robust financial strategies designed not only to stabilize your current fiscal condition but also to ensure future growth and sustainability.

Simultaneously, we also provide comprehensive legal representation for creditors. Our aim is to safeguard their rights during insolvency proceedings and assist them in recovering their claims to the fullest extent possible under the prevailing laws.

Furthermore, our team's deep understanding of insolvency law, coupled with practical experience across a multitude of sectors, empowers us to deliver all-encompassing legal solutions. These solutions are designed to address the unique challenges our clients face, providing reassurance and professional assistance during difficult financial times.

With our team on your side, navigating the tricky paths of restructuring and insolvency becomes a less daunting task. We are here to provide guidance, to simplify complexities, and to work diligently towards achieving the best possible outcomes for all our clients.

Talk to us about your restructuring or insolvency matter

Whether you are a company facing financial difficulty or a creditor seeking to recover a debt, tell us your situation and we will set out the available options and next steps. Email office@kleanthousplatis.com or call +357 22 680 330 for a confidential discussion.

Frequently asked questions about restructuring and insolvency in Cyprus

What options does a company in financial difficulty have?

Depending on the situation, options can include informal arrangements with creditors, formal restructuring, examinership-style rescue procedures, or an orderly winding up. Acting early usually gives the widest range of choices and the best chance of saving the business. We assess your position and recommend the right path.

What is the difference between liquidation and restructuring?

Restructuring aims to keep a viable business running by reorganising its debts and operations, while liquidation brings the company to an end and distributes its assets to creditors. The best route depends on whether the business can realistically recover. We advise directors and creditors on both.

What are the duties of directors when a company is insolvent?

When a company is insolvent or close to it, directors must be especially careful to act in the interests of creditors and avoid worsening the position. Getting this wrong can lead to personal liability. We advise directors on their duties and help them make defensible decisions.

How can creditors recover what they are owed?

Creditors have several tools, including demands, court proceedings, and applications to wind up a debtor company. The right strategy depends on the debtor’s assets and circumstances. We help creditors act quickly and effectively to protect their position.

How can you help with a restructuring or insolvency matter?

We advise companies, directors, and creditors on restructuring, rescue procedures, liquidation, and debt recovery, and we act to protect value throughout. Contact us early for a confidential assessment of your options.

Related practice areas: Corporate & Commercial, Banking & Fintech, and Litigation & Arbitration.