Complex commercial litigation—Cyprus—Q&A guide

The following Dispute Resolution practice note provides comprehensive and up to date legal information covering:

  • Complex commercial litigation—Cyprus—Q&A guide
  • 1. How common is commercial litigation as a method of resolving high-value, complex disputes?
  • 2. Please describe the culture and ‘market’ for litigation. Do international parties regularly participate in disputes in the court system in your jurisdiction, or do the disputes typically tend to be regional?
  • 3. What is the legal framework governing commercial litigation? Is your jurisdiction subject to civil code or common law? What practical implications does this have?
  • 4. What key issues should a party consider before bringing a claim?
  • 5. How is jurisdiction established?
  • 6. Res judicata: is preclusion applicable, and if so how?
  • 7. In what circumstances will the courts apply foreign laws to determine issues being litigated before them?
  • 8. What initial steps should a claimant consider to ensure that any eventual judgment is satisfied? Can a defendant take steps to make themselves ‘judgment proof’?
  • 9. When is it appropriate for a claimant to consider obtaining an order freezing a defendant’s assets? What are the preconditions and other considerations?
  • More...

Complex commercial litigation—Cyprus—Q&A guide

This Practice Note contains a jurisdiction-specific Q&A guide to complex commercial litigation in Cyprus published as part of the Lexology Getting the Deal Through series by Law Business Research (published: May 2021).

Authors: Karamanolis & Karamanolis LLC—Yiannis Karamanolis; Andreas Karamanolis

1. How common is commercial litigation as a method of resolving high-value, complex disputes?

Commercial litigation remains the most common method of resolving high-value disputes in Cyprus. Currently, high-value commercial disputes are adjudicated by the presidents of the district courts of Cyprus. However, court procedures are still very lengthy and alternative dispute resolution methods, such as arbitration and mediation, have become more popular in recent years.

2. Please describe the culture and ‘market’ for litigation. Do international parties regularly participate in disputes in the court system in your jurisdiction, or do the disputes typically tend to be regional?

Cyprus is a very popular location for investment, due to its excellent regulatory structure, attractive and transparent tax regime, strong business support services and relatively low cost of doing business. As a result, it is very common for international parties to participate in disputes in the Cyprus court system and most high-value commercial disputes before Cyprus courts have cross-border elements. Furthermore, it is very common for parties in proceedings pending before foreign courts or foreign arbitration tribunals, to seek interim relief from Cyprus courts in aid of the

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