Harneys advises on restructuring of Synot Group

Harneys advised WCV World Capital Ventures Cyprus Limited, part of the SYNOT Group, on its Cyprus redomiciliation and subsequent merger, which took place this year. 

Harneys provided Cyprus legal advice to WCV World Capital Ventures Cyprus Limited, which is part of the SYNOT Group and actively manages the group from Limassol in Cyprus. The matter involved the restructuring of the SYNOT Group and the redomiciliation of its Cayman entities to Cyprus, followed by their merger with the Cyprus entity. 

The SYNOT Group operates in 21 countries across a wide range of sectors, focusing on the lottery industry and the supply of IT technology, software solutions, and gaming devices.

The Harneys team consisted of partner Nancy Erotocritou and associates Alexia Shakou, Dimis Georgiades, as well as senior associate Carolynn Vivian, from Harneys’ Cayman office.