LANDMARK DECISION ON TRUST DEPOSITING IN CYPRUS – REPUBLIC'S ARGUMENT DISMANTLED

This decision underscores a crucial point in Cypriot corporate insolvency law: procedural fairness is not a formality but a condition of jurisdiction. Creditors seeking urgent corporate remedies—such as the appointment of a provisional liquidator—must ensure full and proper service on all affected stakeholders, especially where allegations of asset dissipation or mismanagement are made. Conversely, for directors, shareholders, and officers, the ruling reinforces an essential protection: where the right to be heard is denied, the resulting order is void and all subsequent actions under it are without legal effect. Therefore, in corporate insolvency proceedings, due process is the first and final safeguard. Without proper notice, even the most urgent relief cannot stand.

Στις 5 Οκτωβρίου 2025 το Forbes Κύπρου αφιερώνει το κεντρικό του θέμα στις «ΓΥΝΑΙΚΕΣ ΗΓΕΤΙΔΕΣ: Δύναμη, Όραμα, Επιρροή», αναδεικνύοντας τις προσωπικότητες που εμπνέουν, ηγούνται και δημιουργούν στην κυπριακή αγορά. Μέσα από συνεντεύξεις, το Forbes προβάλλει τις γυναίκες που ξεχωρίζουν σε επιχειρήσεις και οργανισμούς, αποτελώντας κινητήριο δύναμη προόδου και ανάπτυξης.

Cypriot case law from December 2024 onwards has raised important issues of international law, offering significant guidance on international jurisdiction, enforcement of foreign arbitral awards, and state immunity.