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COVID-19

  • Suspension of loan installments and interest

    06 April 2020

    The escalation of the COVID-19 pandemic and the emergency situation created in the public health sector, which severely harms the citizens and the wider society, has led to concussions in the global and national economy.

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  • Banking sector measures responding to the coronavirus crisis

    23 March 2020

    As the novel coronavirus (COVID-19) outbreak continues to evolve, Cyprus authorities adopted different measures in order to prevent the spread of the coronavirus (COVID-19) and to strengthen the economy. The measures affected, among others banking and other institutions active in the banking sector.

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PUBLICATIONS & COMMENTARIES

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Banking & Finance

Cyprus has shown remarkable determination and success in returning to international markets with a stronger and fully recapitalised banking sector. The banking and financial services sector in Cyprus remains diverse, comprising of domestic banks, co-operative credit institutions (CCIs), international finance and banking units (IBUs), insurance companies, and other companies that offer financial intermediation services. International banks have branches throughout the island for the convenience of their customers. With stronger than ever financial institutions, Cyprus has received credit rating upgrades and the credibility of the Cyprus banking and finance sector is fully restored. We advise across the full spectrum of legal banking and finance matters for both domestic and cross-border transactions.

  • Our areas of work include:
  • Negotiation, documentation and execution of credit facilities
  • Documentation and enforcement of security (mortgages and charges)
  • Indemnities and guarantees
  • Factoring transactions, leasing transactions, hire-purchase transactions, inter-creditor agreements
  • Corporate refinancing and restructuring
  • Project and construction finance
  • Real estate finance
  • Asset finance and asset management
  • Acquisition finance and corporate lending, regulatory, leveraged finance, 
  • Restructurings, bankruptcy and insolvency
  • Trade, commodities and export finance
  • Transport finance, including aviation and shipping
  • International trade finance (letters of credit and other negotiable instruments) and other banking and finance instruments regulated by international, EU and domestic banking and finance law)

We have a diverse and wide client reach. Our clients include many local and international commercial banks, co-operative credit institutions, investment companies, security providers and other leading banking and financial institutions. Our law firm’s banking and finance litigation team also acts on behalf of several local and overseas institutions in litigation related to banking and finance disputes in the Cyprus Courts.

Monday – Friday

8:00 – 18:00

TEL: +357 24 201 600

FAX: +357 24 201 601

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