Category: Andria Koukounis

Recent amendment to Companies Law on existing and new Variable Capital Investment Companies

Recent amendment to Companies Law on existing and new Variable Capital Investment Companies   The recent Law N.150(I)/2021, introduced on 5 November 2021, amends the Companies Law, Cap. 113 (the “Law”) with regards to the establishment and operation of Variable Capital Investment Companies (“VCICs”).   The legal changes brought by this amendment relating to VCICs … Continue reading “Recent amendment to Companies Law on existing and new Variable Capital Investment Companies”

EU Crowdfunding Regulation: New ways to access capital

EU Crowdfunding Regulation: New ways to access capital Introduction Crowdfunding is an alternative avenue for start-ups and small and medium-sized enterprises (“SMEs”) to raise finance by typically receiving small investments from a “crowd” of persons and/or organisations. It involves a Crowdfunding Service Provider (“CSP”) acting as an intermediary which operates a digital platform, to match … Continue reading “EU Crowdfunding Regulation: New ways to access capital”

Safeguarding against the cliff effect in NPLs amidst the pandemic

Safeguarding against the cliff effect in NPLs amidst the pandemic The current state of affairs In Cyprus, the unconditional loan instalment payment moratorium ended three weeks ago leaving: (a) just over half of the market’s borrowers, who as per the European Banking Authority’s (EBA) published data had not applied for a payment holiday within the … Continue reading “Safeguarding against the cliff effect in NPLs amidst the pandemic”

Customised vs “packaged” loan restructurings

Customised vs “packaged” loan restructurings Two reports issued last week reveal the importance of meaningful loan restructurings, which will assist viable, yet distressed, businesses achieve their revival through their own financial / operational restructuring. The European Banking Authority (EBA) published its Risk Dashboard from data received by 130 EU banks in relation to Q4 2020, … Continue reading “Customised vs “packaged” loan restructurings”