Gentls Law Firm

20/02/2026

Can You Freeze a Debtor’s Bank Accounts and Assets in Cyprus?
Yes, there is an effective legal mechanism to secure your claim through a freezing order issued by the court.

A freezing order is a powerful interim remedy that allows a creditor to temporarily restrain a debtor from disposing of assets, including bank accounts and other property, pending the resolution of legal proceedings.

To obtain such an order, the applicant must:

• Submit supporting documentary evidence establishing the existence and origin of the debt
• File a sworn affidavit before the court
• Provide a financial guarantee (cross-undertaking in damages) to cover potential losses in the event the claim is later found to be unfounded

Once granted, a freezing order may be enforced against accounts held not only in traditional Cyprus banks but also in various financial institutions and payment platforms, including Revolut, Wise, Unlimit, and others.

We handle these matters in close cooperation with experienced Cypriot counsel, ensuring strategic and procedural compliance at every stage.

If you are facing a cross-border debt recovery issue, we would be pleased to assess your case and advise on the available legal remedies.

18/05/2022

How are US sanctions born and work? The article by Oleh Gromovoi for "Novoe Vremya" on the following:
- How and by whom are sanctions adopted in the US, and what is the legislation?
- What sanctions are applied to Russia because of the war?
- What are the "SDN" and "SSI" lists?
- Why "frozen" assets of sanctioned persons do not mean "confiscated".

Санкції США

15/11/2021

Great honor for me to be included in the list of "TOP 100 LAWYERS of Ukraine" by leading ranking "CLIENT'S CHOICE 2021".

15/04/2021

Welcome remarks from Oleh Gromovyi, Managing partner of GENTLS law firm.
Speach on defamation cases.

07/05/2020

Oleg Gromovyi introduced to CEE Legal Matters the most common Covid-19 related assignments from clients in Ukraine.

In The Corner Office feature of CEE Legal Matters we ask Managing Partners at leading law firms across Central and Eastern Europe about their unique roles and responsibilities. In light of current events, the question for this online oc ...

22/04/2020

https://gentls.com/en/blog/mozhno-li-v-sude-oprovergnut-informaciyu-iz-social/

14/04/2020

https://gentls.com/en/blog/kak-prodlit-arendu-zemli-spornye-situacii-podvodny/
Since land moratorium canceled the landholders are at the growing risk zone of raider attacks. More sophisticated schemes of capturing someone`s land, crops, or even the entire commercial farm unit are developed every day.

Thus, it is highly important for land actors to understand the aspects of the renegotiation of land lease agreements, as well as to know about the pitfalls and positions of courts in case of disputes. Please get some insights from GENTLS article.

03/04/2020

https://gentls.com/en/blog/kak-arendatoram-torgovyh-obektov-yuridicheski-prav/

31/03/2020

Since the moratorium on the sale of agricultural land is canceled, land tenants may face the problem of challenging land lease contracts. More info on the link to GENTLS article on https://gentls.com/en/blog/skasuvannya-zemelnogo-moratoriyu-yaki-riziki-oskar/

The right to lease land is retained when its owner is changed. However, this fact does not prevent the new owner from the termination of the current contract in court, referring to the number of legal grounds. Our advice for tenants is to check the legal validity of the land lease contracts and to eliminate the legal risks that could lead to the land being withdrawn from tenant's use.

19/03/2020

We are excited to share our article on how to use quarantine as a force majeure to avoid liability because of contract default.

https://gentls.com/en/blog/karantin-yak-fors-mazhor-poradi-advokata/

29/01/2020

▶ Decide to get divorced? It’s time to enter into the marriage contract!

The practice of entering into the marriage contract at the end of the couplehood when the spouses determined to divorce is becoming more and more popular.

Generally, it is caused by the need to protect the property, which “justifiably” belongs to one of the spouses, as well as to determine the compensatory payments to one spouse in case of divorce or monthly allowances in favor of one or both spouses.

This procedure is far from being enjoyable, however, some couples manage to reach an agreement and determine what is due to each of them.

The marriage contract may also provide for the allowance to one spouse, regardless of disability and the requirement of financial aid, both during marriage and after divorce, for determination of the conditions, amount and terms of appropriate payments at their own discretion.

Attention should be paid to the fact that if one of the spouses receives pecuniary (monetary) compensation, the marriage contract may provide for termination of the right to such allowance.

Please feel free to contact us with the specific inquiry via [email protected]
https://gentls.com/en/

29/01/2020

▶May the marriage contract protect your business?

The law provides that all the property acquired by the spouses during a marriage is their common joint property (this means, it is split equally), even if one of them did not have their own income.

However, when the couple enters into the marriage contract they may secure the right of each of the spouses to the property acquired by them individually during the marriage and registered in their name. In such a case, the possessor may manage this property independently without the consent of another spouse.

Thus, the marriage contract may provide for the ability of one spouse who established business to be its sole proprietor, that is the right of common joint property does not cover this property and, as a result, another spouse is in no way entitled to such business.

Please feel free to contact us with the specific inquiry via [email protected]
https://gentls.com/en/