Explore course themes such as Banking and insolvency legislation; institutions and roles; guarantees; bankruptcy proceedings. The focus is on applying this knowledge to relevant professional situations.

Professionals preparing for insolvency-adviser examinations and practitioners working with debt restructuring or insolvency matters.

Understand the Cyprus insolvency framework and key procedures, with particular attention to personal repayment arrangements and professional practice.

Our training combines theory and practice in a participatory, experiential format tailored to learners’ needs. Interactive tools, group activities and case studies are supported by specialist trainers.

Banking and Insolvency Legal Framework:
Banking Framework - the role of Banks and Non-Performing Loan Management Companies
Review of the Insolvency Law in Cyprus.
Responsibilities and Functions of the Insolvency Service.
Basic provisions of the legislation
About Contracts
About Guarantees
About Bankruptcy
About Companies Bankruptcy
What constitutes a bankruptcy act,
When is a bankruptcy decree issued and what are its effects - practical examples,
Compromises and settlement plans - practical examples,
Appointment of administrator of the bankrupt's estate
Duties of bankrupts
Debts that can be discharged in bankruptcy,
Principle of mutual credit and netting - practical examples and reference to case law,
How to divide assets - practical examples,
Result of bankruptcy in previous transactions,
Ways to liquidate and distribute property - practical examples,
Analysis of the consequences of bankruptcy and debt relief
Court Powers.
Practical scenarios and discussion
Insolvency of Natural Persons (Debt Discharge Order)
What constitutes a Debt Relief Order (DRO)?
When is a DAO issued - practical examples.
Insolvency process, from the initial application to the official discharge.
Roles and responsibilities of the Insolvency Service and other participants (e.g., legal advisors).
Insolvency of Natural Persons (Personal Repayment Plans, PRP)
What are Personal Repayment Plans (PRPs).
Consensual Personal Repayment Plans,
Non-Consensual Personal Repayment Plans.
Explanation of the differences between Consensual and Non-Consensual Personal Repayment Plans.
Coordinated Repayment Plans for individuals and very small businesses.
Examination of Criminal Offenses that may arise - practical examples.
Case studies and discussion.
Presentation of types of repayment plans and the legal frameworks.
Practical exercise and discussion of exercise results in a group
Introduction to liquidations
Definition of liquidation
Analysis of the basic laws and regulations governing liquidations, with special reference to Chapter 113 of the Legal Code of Cyprus.
Detailed summary of the procedures for initiating and completing liquidations.
Summary of the role of liquidators, courts and other important bodies in the liquidation process.
What is the role of insolvency advisors and what are their obligations and responsibilities?
Case study: liquidations in Cyprus and group discussion
Specific Roles and Procedures
What is the role of a Recipient/Administrator,
Differences between Receiver/Administrator, Examiner and Liquidator - practical examples,
Who can act as Recipients/Administrators,
Methods of appointing a Receiver/Administrator,
What constitutes a floating rate bond,
Responsibilities and obligations of Recipients/Administrators - practical examples and relevant case law.
What is the residual power of the board of directors in the event of the appointment of a Receiver/Administrator - reference to relevant case law and application.
Liquidation of companies - appointment of an examiner
What is the purpose of appointing an Examiner and how can it help us in the modern commercial world,
What are the conditions for appointing an Examiner, the procedure for appointing an Examiner, what documents are required and how should it be formatted and what should be included with our application,
What is an independent expert report and who can prepare it – practical examples of its content,
What are the results of the application for the appointment of an examiner over creditors and other persons,
What are the restrictions on payments that existed before the application – practical examples in relation to the daily operations of a company,
What are the effects of the decree appointing an examiner over a receiver or provisional liquidator – practical examples
Liquidation of companies - powers of examiner
What are the powers of the Examiner,
What is the role and content of the Examiner's report,
What are proposals for compromise or a settlement plan, what do they contain and what are they accompanied by – practical examples,
Procedure for examining proposals by members and creditors,
Proposal confirmation process,
Right to object to proposals from the Court,
Possibility of revoking confirmation,
Case study and practical group exercise for appointment.
Case study and discussion regarding examiner responsibilities.
Company liquidation - by court
Liquidation by the Court, including the different reasons a company may be liquidated by the Court and reference to relevant case law and hypothetical scenarios,
Voluntary liquidation by the company members
Voluntary liquidation by the company's creditors
Which debts can be verified?
How to submit claims,
Application of bankruptcy regulations - practical examples,
What are "preferential payments" - practical examples,
Verification and classification of requirements
Application of "bankruptcy set-off" - practical examples.

Certificate of attendance following successful completion.

HRDA subsidy is subject to applicable terms and conditions and requires attendance for at least 75% of the programme duration, according to the original website wording. Confirm eligibility against the approved implementation.