ΠΕΡΙΓΡΑΦΗ

This focused 3-hour course offers a clear, practical, and commercially grounded guide to charges and security interests under Cyprus law. Designed for professionals who already work with corporate and financing transactions, it cuts through theory and zeroes in on how security actually works in practice — from creation and registration to priority and enforcement. The course places particular emphasis on the real-world issues that cause problems, including drafting weaknesses, registration mistakes, and structural flaws that can undermine otherwise sound transactions.

Rather than simply explaining legal concepts, the course equips participants to spot risk before it becomes costly. Through a structured, step-by-step approach, you will gain a confident understanding of how different types of charges operate under Cyprus law, how they interact with corporate authority and asset classes, and how enforcement works when things go wrong. Common pitfalls — especially those arising from the use of foreign-law templates or boilerplate clauses — are addressed head-on, with practical guidance on how to avoid them.

ΣΚΟΠΟΣ ΣΕΜΙΝΑΡΙΟΥ

• A clear understanding of fixed and floating charges and their consequences
• The ability to assess whether assets can be effectively charged
• Practical insight into registration, priority, and enforcement risks
• Confidence in identifying defects in existing security structures
• Tools to avoid common drafting and structuring mistakes in Cyprus practice
• This course is ideal for professionals who want a practical, risk-aware understanding of Cyprus security law — not just how it works on paper, but how it operates in real transactions.

ΣΕ ΠΟΙΟΥΣ ΑΠΕΥΘΥΝΕΤΑΙ

This seminar is suitable for:

• Practising lawyers involved in corporate, banking, finance, and M&A work
• Corporate administrators and company secretaries
• In-house legal counsel
• Accountants and advisors involved in financing structures
• Professionals reviewing or drafting security documentation

ΠΕΡΙΣΣΟΤΕΡΕΣ ΠΛΗΡΟΦΟΡΙΕΣ

Course Content

_{Module 1 - The concept of a charge under Cyprus law}

• What constitutes a charge under Cyprus law
• Distinction between charges and other security arrangements
• Legal foundations under Cap. 113 and common law principles
• When charges are appropriate

Module 2 -Types of charges and security interests

• Fixed charges and floating charges
• Legal vs equitable charges
• Crystallisation of floating charges
• Practical consequences of misclassification

Module 3 - Assets that can be charged

• Shares, bank accounts, receivables, and contractual rights
• Future assets and after-acquired property
• Problems with fluctuating assets and control requirements
• Structuring security over mixed asset pools

Module 4 – Creation and corporate authority

• Board authority to create charges
• When shareholder approval is required
• Director duties and ultra vires risks
• Authority defects and enforceability issues

Module 5 – Registration of Charges

• Statutory registration requirements with the Registrar of Companies
• Time limits and consequences of late or defective registration
• Interaction with contractual undertakings and conditions precedent
• Common registration errors in practice

Module 6 – Priority of Charges

• Priority rules under Cyprus law
• Competing charges and subordination
• Effect of notice, registration, and timing
• Cross-border priority issues

Module 7 – Enforcement in practice

• Enforcement options available to chargees
• Appointment of receivers
• Practical limitations and delays
• Common enforcement failures

Module 8 – Drafting and structuring mistakes

• Boilerplate clauses that fail in Cyprus practice
• Misuse of foreign law templates
• Gaps between security documents and corporate approvals
• Risk mitigation strategies