Compulsory liquidation in Cyprus – new guide

Economou & Co LLC published a detailed guide on compulsory liquidation (court-ordered winding-up) under the Companies Law, Cap. 113. The guide explains when the Court may order liquidation, the insolvency tests applied, and the consequences for creditors, directors, and shareholders.

Compulsory liquidation is most often based on a company’s inability to pay its debts, but the Court will refuse abusive or disputed petitions. Once an order is made, directors lose control and a liquidator assumes responsibility for the company’s affairs.

Read the full guide here: Compulsory Liquidation in Cyprus: A Complete Guide

The content of this article is valid as of the publication date mentioned above. It is intended to provide a general guide and does not constitute legal or professional advice, nor should be perceived as such. We strongly recommend that you seek professional advice before acting on any information provided.

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