The recovery of Cyprus\u2019 economy from the 2013 downturn has surpassed all expectations to date. The economy was one of the fastest growing of the Eurozone economies in 2019. The Cyprus government remains focused on addressing the legacy non-performing loan exposures of Cyprus\u2019 financial institutions which linger from circumstances caused by the 2013 downturn. It is evident that further non-performing loan portfolio sales will conclude over the course of 2020. Further, Cyprus\u2019 government is looking to consolidate the strong recovery in the
\neconomy since the downturn and is looking at initiatives which will ensure the sustainability of the different projects and industries which are currently being developed and supported in the country. Factors such as improved
\nefficiency, innovation and sustainability are seen as strong factors when attracting investment to the Cypriot economy.<\/p>\n
Restructuring and repositioning are seen as important tools to facilitate the government\u2019s economic priorities set out above. Ranging from the workout or resolution of non-performing facilities to the formal\/informal restructuring of a business through an examinership process or otherwise to a restructuring due to succession planning, Baker Tilly are in no doubt that restructuring and insolvency mechanisms will continue to be a presence in Cyprus\u2019 economic landscape for the foreseeable future. In this regard, it is important that restructuring and insolvency professionals keep up to date with the latest developments affecting the sector. The second Annual Baker Tilly Restructuring
\nSummit has been planned with the above factors in mind.<\/p>\n
The second Annual Baker Tilly Restructuring Summit will provide a forum to restructuring\/insolvency sector specialists to discuss a range of topics and issues currently impacting the sector. Insights will include but not limited to:<\/p>\n
\u2022 Debt Restructuring
\n\u2022 Examinership
\n\u2022 Strategic Defaulting
\n\u2022 Current dynamics impacting Cyprus\u2019
\nproperty marketplace<\/p>\n","protected":false},"excerpt":{"rendered":"
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