Chadbourne & Parke

Ukraine and the Cyprus bailout: time to find a new haven for direct foreign investments?

Islands are typically susceptible to various natural disasters, and over the centuries island dwellers have developed various means to cope with all sorts of calamities. But the shockwaves from the eurozone crisis may have been more than most of the 860,000 inhabitants of the island of Cyprus — as well as the vast majority of the nearly 320,000 companies registered there — could have anticipated or done much to prepare for.

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