HOME CONTACT US Choose country Greece English Ελληνικά Pусский 中文 Deutsch ABOUT OUR LOCATIONS EXPERTISE PEOPLE NEWS CAREERS Excellent rankings in Chambers and Legal 500 for all our areas of practice Michael Kyprianou and Co LLC has established an enviable reputation as a broad based legal practice. Having as our guiding principle to always exceed our clients' expectations we have grown to become one of the largest law firms in Cyprus with offices in Nicosia, Limassol and Paphos. Our international presence has also expanded with our fully fledged offices in Greece (Athens and Thessaloniki), in Malta (Birkirkara), in Ukraine (Kiev), in the United Arab Emirates (Dubai) and in the United Kingdom (London). The calibre of our lawyers and our dedication to providing clients with the most practical and cost effective services is the cornerstone of the success of our firm. © 2021 Michael Kyprianou & Co LLC / Disclaimer / Privacy Policy / Cookie Policy / Sitemap / Contact Us Design & Development by BDigital / Powered by Webstudio

HOME CONTACT US Choose country Greece English Ελληνικά Pусский 中文 Deutsch ABOUT OUR LOCATIONS EXPERTISE PEOPLE NEWS CAREERS Suspension of sale of primary residence Posted on October 04, 2021 We would like to thank the Financial Ombudsman, Mr. Pavlos Ioannou, and the competent officials of his office, who contributed decisively to the timely and immediate response for the urgent issue of a scheduled auction of a primary residence which was to take place on Wednesday, 22 September 2021. In particular, following our written request submitted on Friday, September 17, 2021, the Financial Ombudsman, within an apparently short period of time, successfully intervened to suspend the sale of a primary residence in accordance with the relevant legislation and the powers granted to his office. According to the information provided and after careful review of the relevant information submitted from our side, the Financial Ombudsman decided that it was justified to proceed with the recommendation that the proposed foreclosure the Cyprus Asset Management Company Ltd (KEDIPES) be suspended. The aim was to avoid recourse to the foreclosure process, since on their part the borrowers had already accepted the Ombudsman's plan for a proposal to settle and restructure their credit facility. Moreover, according to the contents of the above letter, the parties concerned agreed to take steps to restructure their assets. Congratulations go to Ms. Chrysovalanto Pericleous, associate, at the office of Michael Kyprianou & Co LLC, in Paphos, who worked with zeal, dedication and professionalism achieving the best possible result for our clients. Share this post © 2021 Michael Kyprianou & Co LLC / Disclaimer / Privacy Policy / Cookie Policy / Sitemap / Contact Us Design & Development by BDigital / Powered by Webstudio