05.20
Corporate & Commercial Law
RESTRUCTURING OF A GROUP OF COMPANIES

Our Work

Kinanis LLC has acted as a legal advisor to a group of companies having an establishment in Cyprus in relation to its restructuring by way of mergers, division, reductions of share capital and transfer of assets, including but not limited to the following: 

(a)  Successfully completed the division of a Cyprus company by way of a partial division. During the process, Kinanis LLC has drafted and negotiated the division plan and provided general legal advice with regards to the process in accordance with the applicable legislation. Kinanis LLC attended on behalf of the clients the meetings with the Cyprus Tax Department, appeared before the court for the sanctioning of the division plan and was in direct communication with the Tax Department of the Republic of Cyprus for the purpose of ensuring the successful completion of the division;

(b)  Advised one of the Cyprus companies of the group with regards to a reduction of share capital and share premium in the total amount of €437,645,000 and the return to its shareholder of assets of equal value as part of the overall group restructuring;

(c)   Successfully completed the merging of two affiliate companies of the group, which included the drafting of the merger plan and relevant corporate approvals, appearing before court for the sanctioning of the plan and coordinating with the Tax Department of the Republic of Cyprus for the purposes of issuing a certificate with regards to the compliance of the re-organization process with the Income Tax Law;

(d)  Successfully completed the re-organization by way of a reverse merger of a Cyprus company with its subsidiary (group companies), by which the subsidiary Cyprus company absorbed the assets, liabilities and activities of its Cyprus holding company. Kinanis LLC was involved in the drafting of the re-organization plan and corporate approvals, appeared before court for the sanctioning of the plan and coordinated with the Tax Department of the Republic of Cyprus for the purposes of issuing a certificate with regards to the compliance of the re-organization process with the Income Tax Law.