Reduction of share capital: 4 new multimillion Court Orders obtained by Loizides&Associates LLC this month

July 13, 2024

For any further information, please reach out to info@loizideslaw.com.cy or 00357 22 333 113

Loizides & Associates LLC’s team has represented four Cypriot Companies for the purpose of the reduction of their share premium accounts. The Cyprus Companies are wholly owned by foreign entities.

Loizides & Associates LLC’s team provided commercial and corporate legal services to its international clients and represented all of them in the four court applications filed before the District Court of Limassol requesting reduction of the sharepremium accounts by the following amounts:

(A) €25,387,740.02;
(B)  €16,498,350;
(C)  €9,365,269.34; and
(D) €1,334,340.

Loizides & Associates LLC’s team is pleased to announce that this week we have obtained the requested Court Orders from the Presidents of Limassol District Court, Mrs Lia Markou and Mr Panicos Michaelides, regarding the aforementioned reductions of the share premium accounts of our clients