Regional news: Cyprus
BVI court to consider impact of Russia sanctions on receivership
A British Virgin Islands court is gearing up to consider the impact of Russia sanctions on receivers appointed over a local entity for the benefit of Russia’s VTB Bank, which is seeking to enforce a US$30 million judgment debt against a Ukrainian businessman and politician.
15 March 2022
Canadian court appoints receiver over Finnish gold mine operator
An insolvent Canadian company that owns a gold mine in Finland has been placed into receivership, while fraud litigation between its majority shareholder and only secured creditor play out in the US and Canada.
02 February 2022
Indian bank secures English debt judgment against oil company guarantor
India’s IDBI Bank has obtained a US$239 million English judgment against the Cypriot guarantor of two oil companies that entered liquidation in Singapore two years ago.
29 June 2021
Gazprombank challenges DTEK’s English schemes
The Swiss branch of Russia’s Gazprombank has told an English court that one of Ukrainian coal miner DTEK’s English schemes does not have a “real prospect” of being recognised in key foreign jurisdictions following Brexit.
13 May 2021
Harneys, Willkie Farr and Debevoise announce new year promotions
This new year promotions round has seen Harneys elevate five litigators in the British Virgin Islands, while Willkie Farr & Gallagher has appointed a new partner in New York, and Debevoise & Plimpton has made several promotions to counsel and international counsel.
05 January 2021
Quantuma sold to UK advisory firm
UK advisory firm K3 Capital has acquired corporate recovery specialist Quantuma, which has offices in the UK, Cyprus and Mauritius.
03 August 2020
CVR Global hires Deloitte BVI head as partner
Advisory firm CVR Global has hired a joint liquidator of Panama Papers leak victim Mossack Fonseca from Deloitte in the British Virgin Islands.
12 July 2019
New York court upholds Yukos buyer’s Chapter 11 plan
A US shareholder has failed to overturn a restructuring plan for a Luxembourg-registered vehicle set up to buy the financial services arm of bankrupt Russian oil giant Yukos.
17 October 2018
Skadden helps container company complete debt refinancing
Skadden Arps Slate Meagher & Flom, Morgan Lewis & Bockius and Watson Farley & Williams have guided container company Danaos through an out-of-court refinancing of its US$2.2 billion debt.
17 August 2018
EU off the hook over Cypriot bailout discrimination claim
Depositors in Cypriot banks bailed out by the European Union in 2012 have failed in their claim that the terms of that bailout were discriminatory.
19 July 2018