P. N. Kourtellos & Associates LLC sets landmark precedent; Winding up of Orphanides Public Co Ltd
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…