Restructuring in Limassol
Corporate restructuring covers financial and operational reorganisation of Cyprus companies facing performance challenges, debt pressure, or strategic change. Services range from informal turnaround planning to formal insolvency procedures under the Companies Law framework. Cyprus offers structured Examinership as a formal reorganisation option.
Restructuring options
Cyprus restructuring options range across a spectrum: informal turnaround planning (management-led operational and financial improvement), consensual debt restructuring (negotiations with lenders and creditors outside formal process), Schemes of Arrangement under Section 198 of the Companies Law (court-sanctioned creditor arrangements), formal Examinership (analogous to US Chapter 11), receivership (secured creditor enforcement), and voluntary or compulsory liquidation.
Examinership
Cyprus Examinership (introduced in 2015) provides court protection for viable companies facing financial distress. Under Examinership, an Examiner is appointed by the court, existing management typically continues under supervision, creditor actions are stayed for up to 4 months (extendable to 6), and a rescue plan is developed and put to creditors for vote. If approved, the company emerges from Examinership; otherwise, liquidation follows.
Firms specialising in Restructuring
2 firmsMulti-practitioner firms with documented practice in Restructuring, ranked by claim status, listing completeness, and client rating.
Baker Tilly South East Europe provides assurance, tax, advisory, and specialist consulting services across Cyprus, Greece, Bulgaria, Romania, and Moldova. The firm emphasizes a people-first approach and aims to help clients grow by anticipating future challenges. It is a member of Baker Tilly International.
Grant Thornton Cyprus is a professional services firm offering assurance, tax, risk advisory, and business setup services. They recently launched EU AI Act & ISO 42001 GRC services and achieved ISO 27001 certification. The firm is part of the Grant Thornton International network.
Independent specialists
39Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
Certified Public Accountant · Limassol
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Frequently asked questions
What is Cyprus Examinership?
Cyprus Examinership is a court-supervised corporate rescue procedure providing viable but financially distressed companies with protection from creditor actions while a rescue plan is developed. Similar in concept to US Chapter 11 or UK Administration, it aims to preserve going concern value rather than liquidate.