DEALING WITH A BANKRUPT’S AFFAIRS IN CYPRUS
This chapter provides information and advice on issues of a practical nature when dealing with the bankrupt’s affairs (particularly, assets) in Cyprus.
Currently the chapter contains only information to assist in dealing with a bankrupt’s property in Cyprus. The intention is that the chapter will be further developed to deal with other issues relating to that country as the need arises.
Chapter 43.0 covers those areas common to all “international” bankruptcies (such as gaining recognition of the insolvency order in another country and the legal basis on which the official receiver, as trustee, is able to deal with assets in overseas).
The chapter is divided into the following parts:
Part 1 – Dealing with a bankrupt’s property in Cyprus (paragraphs 43.6.2 to 43.6.25)
The chapter contains the following annexes
Annex 1 – MP2 for Cyprus
Annex 2 – MP3 for Cyprus
Annex 3 – Letter requesting registration of bankruptcy at Cypriot Land Registry
Annex 4 – Letter requesting search of Land Register
Annex 5 – Document explaining purpose and effect of disclaimer
The following abbreviations are used in the Chapter:
DLS – The Department of Lands and Survey
EC Regulation – The EC Regulation on Insolvency Proceedings 2000