Cyprus tackles bad debt surplus

• Localización: International financial law review, ISSN-e 0262-6969, Vol. 35, Nº. 6 (2/15/2016), 2016
• Idioma: inglés
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• Resumen

  • The article informs that Cypriot government has passed a suite of legislative reforms to address the non-performing loan (NPL) problem of the economy. Topics discussed include impact of debtor-friendly purchase and sale of credit facilities law, negative impact of private debt of the economy, and need of loan restructurings through various schemes such as tax incentives