![Order of encumbrance and sale of shares](https://cyprus-mail.com/wp-content/uploads/2023/08/law.jpg)
As a way of securing and repaying a debt, a court may issue an encumbrance order for the sale of a debtor’s shares in a private company. These court orders are issued upon an application by a judgment creditor and claim that the transfer or disposal of the shares be prohibited and that the registrar of companies and official receiver proceed to sell them by public auction. An order may