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We provided advice to an insolvency practitioner in Cyprus who is an appointed liquidator of a Cypriot company. We advised on the terms and enforceability of a promissory note/on demand bond presented in liquidation, with a value of circa £175m, which involved various transactions. In addition, we advised on a complex debt with a value of circa £116m which involved a complex network of companies based in various jurisdictions. The advice is ongoing pending further developments in the case.