On 5 April a team from our firm, led by Maria Kyriacou, head of our Nicosia office, presented a seminar for senior personnel of one of the leading local banks on the topic of dealing with problem debt. The presentation covered all the options available to banks, from informal restructuring and performance improvement to formal liquidation procedures. Our recovery and restructuring team, which includes six officially licensed insolvency practitioners, is among the largest and most experienced in Cyprus, with a record of success that is second to none. Our focus is on achieving consensual solutions wherever possible, achieving the optimum outcome for both the creditor and the debtor. For more information on our recovery and restructuring services please contact Achilleas Malliotis or your usual contact at Elias Neocleous & Co LLC.