AGPLAW Secures Ex Parte Prohibitory Injunction in High-Value Shareholding Dispute

LIMASSOL, Cyprus - Nov. 20, 2025 - PRLog -- .AGP Law is a leading full-service law firm. The firm is pleased to announce that it has successfully obtained an ex parte prohibitory injunction from the District Court of Nicosia in a high-value derivative action involving allegations of breach of fiduciary duty and unlawful transfer of company assets.

Managing Partner Angelos G. Paphitis and Senior Partner Maria Constantinou represented a shareholder who stepped in on behalf of the company after one of its key assets was wrongly transferred. The court's interim order now freezes the disputed shares and stops them from being sold or moved, ensuring the company's interests are protected while the case is being resolved.

Derivative actions let a shareholder take legal action on behalf of a company when its directors or controllers act against the company's best interests. These actions are often used in situations like fraud, conflicts of interest, or when leadership fails to take the steps needed to protect the company. They help make sure the company's value is protected and that those in control are held accountable.

The injunction was granted ex parte, without prior notice to the defendants, due to the urgency and risk that the shares could be further transferred or dissipated. These exceptional measures preserve the status quo and ensure that any eventual judgment remains effective.

AGPLAW successfully demonstrated the urgency, legal grounds and necessity of the injunction, securing the order and protecting the company's interests until the court reaches a final decision.

About AGP Law

AGP Law is a leading full-service law firm based in Cyprus. They offer a comprehensive range of services, including local and cross-border Litigation and Dispute Resolution, Transactional Support and Legal Advisory, Fintech and FS Regulatory, Shipping Law, Tax, Immigration & Relocation, company formation like Cyprus Company Formation and Global Corporate Services support. With a strong presence in Dubai and a global client base, AGP Law provides tailored legal solutions to businesses of all sizes.

Website - https://www.agplaw.com/corporate/company-formation/cyprus