Our firm collaborates with well-known clients, such as regulatory bodies like the Central Bank of Cyprus, the Credit Institutions Regulation Authority, and the Deposit Guarantee Resolution Scheme. We have handled notable cases, such as acting as legal counsel to the Special Administrator of FBME Bank Ltd’s Cyprus Branch, and providing counsel to the Cyprus Depositors Protection Scheme. These cases encompass intricate legal proceedings arising from Cyprus' banking insolvency laws and resolution frameworks. Our firm has been deeply engaged in court cases regarding the implementation of the Bank Recovery and Resolution Directive (BRRD), depositors’ rights, and cross-border insolvency recognition. Currently, we are handling over 25 cases before Cyprus' courts, as well as over 100 cases involving the resolution of Popular Bank (Laiki Bank), resulting from the 2013 Eurogroup decisions on Cyprus' "bail-in". Our expertise in banking insolvency law is widely recognized, as well as regularly advising the central regulatory body on relevant legal matters. Our firm has notably set key legal precedents, including handling one of just two Norwich Pharmacal cases before the Supreme Court, and overseeing precedent-setting winding-up proceedings involving Orfanides Plc, a major supermarket chain in Cyprus.
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