Legal Business

Cyprus – Problem Plays

Just as the economy in Cyprus was looking strong, the Greek debt crisis dented expansion and growth plans. With the international market increasingly interested in this island nation, how will Cypriot law firms cope with the changing demands of clients?

Last year Cyprus’ legal market appeared enviously impervious to the financial crisis. Twelve months later and the Mediterranean financial hub has been hit hard by heavy exposure to the Greek debt crisis and its successive write downs.