Central Bank of Cyprus

News & Analysis as of

Foreign Credit Institutions Entitled to Bankrupt Russian Companies Under a Simplified Procedure - In early 2015, credit...

Thanks to the new procedure, banks-creditors can now bypass the lengthy stage of court proceedings on debt recovery and, provided the debtor indicates the signs of insolvency (overdue debt by more than three months in an...more

Cyprus: Time To Trade?

On 25 March 2013, the Bank of Cyprus and Laiki Bank (also known as Cyprus Popular Bank) entered resolution proceedings under the Resolution of Credit and Other Institutions Law 2013....more

Cyprus: Yesterday's News

As we predicted a few weeks ago (see link below), Cyprus has rapidly fallen off the screen. Back to business as usual, based upon an iron-willed refusal to see the spreading cracks in the edifice of the common market...more

Cyprus Bailout: Potential Recourse for Lost Investments

Large depositors in Cyprus's two largest banks may consider international arbitration and appeals to the European courts to recover funds lost under the bailout plan....more

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