Our company works closely with well-known clients, like regulatory bodies such as the Central Bank of Cyprus, the Credit Institutions Regulation Authority, and the Deposit Guarantee Resolution Scheme. We have handled notable cases, like functioning as legal representatives 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. We have been significantly involved in legal actions concerning the application 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, and are additionally representing more than 100 cases related to the resolution of Popular Bank (Laiki Bank), following the 2013 Eurogroup decisions during the Cyprus “bail-in”. Our expertise in banking insolvency law is widely recognized, and we frequently advise the central regulatory authority on relevant legal matters. Notably, our firm has set important precedents, such as representing one of only two Norwich Pharmacal cases heard by the Supreme Court, and handling landmark winding-up proceedings against Orfanides Plc, one of the largest supermarket chains in Cyprus.
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