Sidley represented Bank of Cyprus Public Company Limited (the Bank, and together with its subsidiaries, the Group) on its application for a listing on the London Stock Exchange, which marks another significant step in the Bank’s transformation. The London listing is in line with the Bank’s long-term strategic commitment to list on a major European stock exchange. The Group intends to maintain a listing on the Cyprus Stock Exchange. A new holding company will be inserted by means of a Cypriot scheme of arrangement. This is another significant milestone in the Bank’s restructuring, which included a €1 billion equity raising on which Sidley also advised.

The London based Sidley team was led by Corporate partner Stephen Blackshaw and Capital Markets counsel Shireen Khoo. The Corporate team included of counsel Struan Oliver and associates Nikhil Chary and Tiberio Simonelli, and the Capital Markets team included counsel Vivian Root and associates Matthew Ball, Ria Dutta and Benedetta Pacifico. Support was also provided by partner Will Smith and associate Janine Dewsnap (Tax), partner Rachpal Thind and associates John Thiede and Kai Zhang (Regulatory), partner Dorothy Cory-Wright (Disputes) and associate Frederick Glebocki (Global Finance).