Regarding recent press reports in connection with the FBME Bank Ltd Cyprus branch, which has been under resolution since July 2014, due to the adverse effects sustained by its operations as a result of the Financial Crimes Enforcement Network’s (FinCEN) action, of the US Department of Treasury, of naming the bank as a primary money…
Central Bank of Cyprus in its capacity as The Resolution Authority announced that Mr Dinos Christofides, Special Administrator of FBME Bank Ltd (Cyprus Branch) has resignied for personal reasons, as of 16 May 2015. According to a press release by the Central Bank, Mr Andrew Andronicou, who was recently appointed as an additional Special Administrator,…
Employing some 2,000 drivers and packers on the supply end and 1,250 for the company, the supermarket chain was deemed the largest one in Cyprus, once considered too big to fail. Orphanides Public Company Ltd has now been declared insolvent. The District Court of Larnaca following 2 years of litigation fight, the fierce opposition of…
Our law firm has recently donated to the Limassol Bar Association and its members, PC equipment and components to be installed in the lawyers’ Court common room situated in the ground floor of the Limassol District Court to be used by all colleagues. This gesture constitutes strong evidence of our law firm’s intention to assist…
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