Following the collapse of the Cyprus economy in 2012-13, Examinership was enacted through the Companies (Amending) (No.2) Law 2015 – Examinership N62 (I) / 2015 as a rescue mechanism for companies in economic distress. Previously, the only options available to companies in distress were to enter receivership or liquidation. Examinership is now a viable alternative to that.
Efi Philippou, Associate, Corporate Recovery Services
