Antonis Georgiou successfully defended his client against a petition to strike out a claim based on lack of jurisdiction in an international fraud case involving Ukraine. The court rejected the defendant’s argument that the Cypriot courts lacked jurisdiction over the fraudulent transactions. Antonis Georgiou effectively demonstrated that the claims fell within the jurisdiction of the Cypriot court, and the case should proceed. This decision marked a significant victory, as it upheld the jurisdictional authority of the Cypriot courts in handling international disputes related to fraudulent asset transfers.
Latest Articles
FISCAL AGENCY AGREEMENTS AND TRUST DEEDS
Standard clauses that are often copied in these agreements are subject to Court’s interpretation as seen in “pari passu” clause litigation against Argentina, leaving investors weak and fragmented.
THE ERA OF EUROBONDS OR A COMEBACK OF SYNDICATED LOANS?
Syndicated loans and bonds are significantly competitive financing sources from both banking and capital markets. Capital markets have generally been increasing their market share. Nonetheless, with the advent of "mezzanine" finance, a form of severely subordinated debt utilised in leveraged buyouts, loans appear to be re-emerging. Although loans are costlier for the borrower, they offer call flexibility, allowing refinancing after two years, whereas a ten-year high-yield bond is typically non-callable for five years.
INTER-CREDITOR AGREEMENTS UNIFY CREDITORS
Rather than depending solely on statutory or jurisdiction-specific insolvency regulations, which may vary or conflict, the ICA unifies creditors under a single framework. In principle, junior creditors are safeguarded as the sale proceeds must be allocated according to a predetermined payment hierarchy outlined in the intercreditor agreement; nevertheless, in reality, the proceeds may be inadequate to fulfil all creditor claims.
Newsletter Registration .