October 7, 2024 admin

Corporate Insolvency in Cyprus: Turning Financial Trouble into Opportunity

By Elena Constantinou

In the world of business, financial difficulties do not have to create a dead end—they can form the basis for a strategic reset. Cyprus’s robust legal framework for insolvency, built on European standards, is efficient, transparent, and designed to offers businesses facing financial hardship a lifeline to recover or, if necessary, to exit gracefully. 

 

For businesses feeling the squeeze, insolvency can be a path to stability. The process in Cyprus isn’t just about closing doors—it’s about reopening them with a stronger foundation. 

 

#Restructuring: A New Lease on Life 

Corporate restructuring options give companies the chance to reimagine their future. By renegotiating with creditors and establishing a viable repayment plan, businesses can avoid liquidity problems and focus on growth. It’s a process that can save jobs, maintain market presence, and ultimately restore confidence. 

 

#Liquidation: A Strategic Exit 

Sometimes, starting fresh means letting go. If recovery isn’t possible, voluntary liquidation provides a controlled exit strategy. By selling off assets and settling debts fairly, liquidation ensures the process is handled with transparency and dignity, protecting both creditors and debtors. 

 

Why I2R Solutions Ltd? 

I2R Solutions Ltd is comprised of devoted members and partners who possess material expertise in the field of recovery and insolvency.  We have the professional knowledge, experience and resources to address our clients’ needs and pride ourselves on being able to develop innovative solutions that deliver real commercial results.  

 

Elena Constantinou is a certified Insolvency Practitioner, Business Development Consultant and a Corporate Trainer. She has over two decades of experience in financial institutions in America, Great Britain and Cyprus, as well as in large European Corporate Groups, mainly in Business Development matters. He collaborates with the University of Cyprus as a Teaching Scientist in courses of the Department of Management (in Entrepreneurship, Negotiations and Crisis Management and Business Communications). She is a founding partner in I2R Insolvency to Restructuring Solutions Ltd (www.i2r.com.cy), where together with other experts in matters of insolvency, company liquidations, restructuring and refinancing of loans, they provide consulting services to financial institutions, companies and individuals.