Facebook Linked In Twitter

Syllouris and Zhang Reaffirm Cyprus - China Close Ties of Friendship

Anastasiades: A New Cyprus Effort Must Be Well Prepared



Michalis Economides: Certified Liquidator & Insolvency Practitioner

Michalis Economides: Certified Liquidator & Insolvency Practitioner

According to the provisions of the current legislation and specifically as per the Insolvency Consultants Law of 2015 and the Insolvency consultants Regulations of 2015, a certified insolvency consultant may act on behalf of legal entities (companies) as a liquidator, interim liquidator, receiver, administrator or evaluator. Also, a licensed insolvency consultant may act on behalf of a physical person, as a bankruptcy administrator, a temporary receiver of his/her property or a special administrator of his/her property or business, or as a consultant concerning repayment schemes and loans restructuring.

Michalis Economides, CEO of the international law firm Chambersfield Economides Kranos and GFA Trust,  a specialized corporate and fiduciary services provider, is a certified liquidator and insolvency practitioner who is legally entitled to act on behalf of both legal entities and physical persons for purposes of restructuring of their debts.

An advocate and legal consultant, who is also a certified liquidator and insolvency practitioner, is able to act as a liquidator, administrator, evaluator and loan restructuring consultant.  Also, he has the capacity to act on behalf of the clients by representing their rights both in out-of-court compromises and in cases before the court.

Moreover, the lawyer / certified liquidator and insolvency practitioner, has the knowledge of examining whether the legal entities and/or physical persons have the competence to repay their debts.   Thus, he may provide them with several consultative restructuring plans that aim to activate the appropriate dealing mechanisms of the debts, i.e. through restructuring or lengthening the repayment period of the due amount or swapping with a real estate option (SWAP) etc.

Consequently, the purpose of the lawyer / certified liquidator and insolvency practitioner, is to achieve the best possible outcome, for the legal entity and/or a physical person, which will be in line with their financial capabilities, but at the same time, will meet the eligibility criteria and conditions, required by the legislation.




Paul Hodgkins: Leadership is the Key

With more than thirty years of business leadership, PMO, project, programme and ...

Virardi in Hong Kong

Cypriot speaker, trainer and author Michael R. Virardi travels to Hong Kong this month to ...

Anat Bar-Gera Appointed Member of BoC Board of Directors

Bank of Cyprus has announced that on 27 October the European Central Bank approved the ...



Reddy Reiterates New Zealand‘s Support towards Cyprus Settlement

New Zealand Governor-General Patsy Reddy has reiterated her country’s support to a settlement of the Cyprus problem, strongly commending the firm ...

Rahmon Stresses Need For Further Development of Ties with Cyprus

President of Tajikistan has stressed the need for further development of bilateral ties with Cyprus, especially in the fields of economy and tourism. President ...

Pamboridis Discusses the Cyprus NHS at CIBA Event

The Minister of Health, Dr. George Pamboridis accepted an invitation from the Cyprus International Businesses Association (CIBA), to inform the members ...

Juncker: Meeting with May Will Show If Brexit Progress Made

The president of the European Commission Jean-Claude Juncker said that a meeting with British Prime Minister Theresa May on December 4 will allow the EU to see ...

Multiyork Furnishing Collapse Puts 550 Jobs under Threat

The UK furniture retailer has gone into administration, putting 550 jobs under threat. The retailer will trade until Christmas at the earliest while ...

Kadis Highlights Need for Action to Promote Sustainable Development

Action needs to be taken, in order for the Education for Sustainable Development (ESD) to respond to the needs of the international community for social, ...

Pamboridis Performs Opening of HIV Checkpoint

In October, the Minister of Health George Pamboridis, on behalf of the President Nicos Anastasiades, performed the official opening of the first permanent HIV ...

Infocredit & LexisNexis Among Exhibitors at the 8th Annual AML and Financial Crime Conference

Infocredit Group and its strategic partner LexisNexis Risk Solutions were among the main exhibitors at the ACAMS 8th Annual AML and Financial Crime Conference ...