Antonis Georgiou successfully represented his client in a bankruptcy petition where the respondents attempted to argue that the judgment debt had been achieved through fraudulent means. Antonis Georgiou effectively dismantled these arguments, proving that the judgment debt was legitimate and not obtained fraudulently. The court agreed with his legal reasoning, reinforcing the integrity of the judgment and dismissing the allegations of fraud issuing the bankruptcy order. This victory emphasized Antonis Georgiou's expertise in complex financial and bankruptcy matters, particularly in challenging attempts to undermine a legitimate debt based on unfounded claims.
Case Law
DECISION ON BANKRUPTCY PETITION – SUCCESSFUL DEFENSE AGAINST FRAUDULENT TRANSFER ALLEGATION
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RECENT JUDGMENT OF THE CYPRUS APPEAL COURT IN TSIELEPIS v. NICHROPA DEVELOPERS LTD: ANALYSIS OF UNJUST ENRICHMENT PRINCIPLES
The Supreme Court dismissed the appeal, upholding the trial court’s decision that the defendant was unjustly enriched. The ruling reinforces that unjust enrichment serves as a fundamental equitable remedy in cases where financial gain is obtained without legal justification. The defendant was ordered to return €61,784.91 plus legal interest and costs of €3,000 plus VAT to the claimants. This decision sets a precedent ensuring that bank guarantees cannot be misused as a means of unjust financial gain, reaffirming the role of equity and fairness in financial transactions.
Mar. 8, 2025
Publications
THE EVICTION OF STATUTORY TENANTS DUE TO DEMOLITION: LEGISLATION AND CASE LAW
The eviction of statutory tenants due to demolition is a significant and complex legal issue governed by the provisions of the Rent Control Law, Law 23/83, and the corresponding case law.
Mar. 8, 2025
Publications
UNDERSTANDING ACTS OF BANKRUPTCY AND CREDITOR RIGHTS IN CYPRUS
According to the law, an act of bankruptcy occurs under several circumstances. Understanding these components is crucial for insolvency practitioners in the field of insolvency law, as it helps navigate the complexities surrounding creditor and debtor rights.
Mar. 7, 2025
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