Chris is a qualified accountant by profession and a UK, Cyprus and Romania Licensed Insolvency Practitioner. With the introduction of the Insolvency Act 1986 in the United Kingdom, at the age of 24, he became the youngest Licensed Insolvency Practitioner in the UK. Some 35 years later and with over 7,000 insolvency related appointments to his credit, he boasts a wealth of experience in all aspects of personal and corporate insolvency, not only in England and Cyprus, but several other common Law jurisdictions.
In 1988, he set up the island’s first insolvency practice, Iacovides Kimonos & Co, to provide insolvency related services. Following his departure from the firm in November of 2008, in February 2009, he teamed up with other leading professionals, to incorporate CRI Group.
Utilizing the mechanisms introduced by the rescue culture embodied in the English Insolvency Act 1986, the Enterprise Act 2002 in the UK and the Insolvency Framework, applicable in Cyprus, as amended in May 2015, he has facilitated loan and debt restructuring and corporate turnarounds for many companies home and abroad.
Chris specializes in cross border insolvency, asset tracing and multijurisdictional fraud. He enjoys an excellent reputation amongst professionals worldwide and he has been involved in several complex insolvencies, spanning several jurisdictions including, but not limited to: England, Cyprus, Ukraine, British Virgin Islands, Cayman Islands, Seychelles, Bahamas, Bermuda, Belize, India, Nepal, Spain, Germany, Switzerland, Jersey and many others.
He has participated as a guest speaker in many seminars on cross border insolvency and fraud and he is the author of several articles in this field.