News and developments
Cyprus: jurisdiction of Cyprus courts to recognise and enforce foreign judgments and foreign arbitra
The above decision has cleared the uncertainties and problems created in enforcing such foreign judgments and arbitral awards, due to the issue of previous decisions by Cypriot District Courts, declaring that there was no such jurisdiction because of the provisions of the Procedural Law 121 (1)/2000, which regulates the procedure of enforcement of foreign judgments in Cyprus.
For further information on this topic please contact Mr. Soteris Pittas at SOTERIS PITTAS & CO LLC, by telephone (+357 25 028460) or by fax (+357 25 028461) or by e-mail ([email protected]