Charges and Security Interests in Cyprus Law

08/05/2026 12:00 - 15:00

_{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

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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

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