Legal Question in Business Law in Cyprus

Dear Anastasia,

Thank you for your question, which we are delighted to address on a non-obligations basis.

In order to advise as to whether rescission is possible we would need to review the SPA discussed. There may be a number of legal options available in this matter, including, without limitation, severally or jointly:

(a) enforcing the SPA to receive the funds due to the Seller;

(b) rescinding the SPA, which would revert the parties to the status quo ante and revert the Shares to the Seller;

(c) attending to Court for a rectification of the Shareholders Register;

(d) attending to Court of an injunction freezing the amount due to the Seller in bank accounts of the Purchaser in any jurisdiction (if the legal conditions are met).

As mentioned, we would need to review the SPA discussed to advise on the particular options available to the Seller.

We can do this on a non-obligations basis, please do send the SPA to us at [email protected] or [email protected]. You can rest assured that our firm, top-tier ranked by the Legal 500, abides by the strictest lawyer confidentiality and privilege rules.

Kind Regards,

Fanny Maria Papageorgiou

for Anastasios Antoniou LLC

www.antoniou.com.cy

Dear Anastasia,

Are you in receipt of the above response? Should we expect to receive the requested information at our secure email address provided?