Kinanis LLC has acted on behalf of our client and assisted in the preparation of documents necessary for the financial restructuring of a Cyprus entity holding various investments and listed equities, with the purpose of changing the financial and operational features of the company.
Our engagement on this project involved:
1. Negotiations and meetings with the client in finding the best suitable options for restructuring the company, its assets and liabilities;
2. Drafting and/or review of assignment agreements, set-off agreements, documents required under Cyprus law for effecting a reduction of additional paid in capital in the aggregate amount of EUR 462 000 000 and review of documents for transfer of ownership of trademarks.