Our firm collaborates with prominent clients, such as governmental authorities such as the Central Bank of Cyprus, the Credit Institutions Recovery Authority, as well as the Deposit Protection and Resolution Scheme. Our firm has been involved in major cases, including acting as legal counsel to the Special Administrator of FBME Bank Ltd (Cyprus Branch), and providing counsel to the Cypriot Depositors Protection Scheme. These cases involve complex litigation arising from Cyprus' banking insolvency laws and resolution frameworks. Our firm has been deeply engaged in court cases relating to the enforcement of the Bank Recovery and Resolution Directive (BRRD), the rights of depositors, as well as international insolvency recognition. Currently, we are handling over 25 cases before Cyprus' courts, as well as over 100 cases related to the resolution of Popular Bank (Laiki Bank), resulting from the 2013 Eurogroup decisions on Cyprus' "bail-in". We are widely known for our expertise in banking insolvency law, and we frequently advise the central regulatory authority on matters related to applicable laws. We have established significant legal precedents, including handling one of just two Norwich Pharmacal cases before the Supreme Court, and handling landmark winding-up proceedings against Orfanides Plc, one of Cyprus' largest supermarket chains.
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