News and developments
The issuance of a charging order and an order for sale of the charged asset.
A Charging Order may be issued on the following of the Debtor’s financial assets:
- government bonds;
- bonds of any legal person established in the Republic of Cyprus;
- bonds of a legal person established outside the Republic of Cyprus and which appear in a register held within the Republic of Cyprus;
- a share in unit trust, for which a register of the holders is kept anywhere in the Republic of Cyprus;
- funds in Court; and
- any dividend or income payable regarding the charged asset.
- The Claimant has a legitimate claim against the Defendant; and
- The alienation of the financial asset would likely prevent satisfaction of a court judgment.