Banking and Finance
Working for leading local and international commercial banks and financial institutions over the years we have acquired first-hand specialized market knowledge in this most competitive and demanding area of the law. We are highly experienced in dealing with a range of issues, including, but not limited to the following areas:
- Drafting, reviewing, and negotiating financial, banking, and security agreements: We provide comprehensive legal services in preparing, analyzing, and negotiating various types of financial agreements, ensuring that our clients’ interests are protected and legal requirements are met.
- Documentary credits: Our team is well-versed in handling documentary credits, offering guidance and assistance in navigating the complexities of international trade finance.
- Money laundering legislation: We provide advice on money laundering legislation, assisting clients in understanding and complying with regulatory requirements and implementing effective anti-money laundering measures.
- Disputes and litigation between banks/financial institutions and customers: We have significant experience in resolving disputes and handling litigation involving banks, financial institutions, and their customers, offering strategic guidance and representation.
- Syndicated lending: We offer specialized knowledge and assistance in syndicated lending transactions, ensuring compliance with regulatory requirements and protecting our clients’ interests.
- Custodianship: Our team provides guidance on custodianship matters, helping clients navigate the legal and regulatory landscape and ensuring compliance with relevant laws and regulations.
- General advice on payment services: We offer comprehensive advice on payment services, including legal requirements, regulatory compliance, and best practices in the evolving landscape of payment systems.
- Regulatory framework for banking, investment services, and financial instruments: We have a deep understanding of the regulatory framework governing banking, investment services, and financial instruments. Our expertise extends to providing tailored advice on compliance issues, licensing applications, and regulatory matters.
- Insurance and funds: We offer specialized advice on the regulatory aspects of insurance and funds, assisting clients in understanding and complying with relevant regulations and requirements.
Our services range from providing preliminary advice on establishment and licensing applications to offering customized guidance on compliance matters. We strive to provide our clients with the highest level of expertise and assistance in the complex and demanding field of banking and financial law.
Navigating the world of banking in Cyprus as a foreigner can be a daunting experience. Obtaining a bank loan, whether it be a personal loan, car loan or housing loan requires expert advice from local counsel so that the terms of such loan and any security documents are explained in simple terms to the borrower prior to committing himself to any agreement. In addition to this, some banks now require non-Cypriot borrowers to appoint a local process agent or service agent in case they need to serve any documents on the borrower and he is not available.
BLegal can assist in both explaining the provisions of finance documents to you in clear and straightforward terms, as well as act as your process agent or service agent if so required.