Insights
Insightful Perspectives with Meaningful Impact
The Cyprus Supreme Court provides guidance on irregularities of service in civil proceedings
In the recent case of Manoli v Hellenic Bank (Finance) Limited, Civil Appeal 413/11, issued on 3 February 2017, the Supreme Court was offered the opportunity to decide an interesting issue in relation to defective - Read More...
Cyprus Courts deny enforcement of an English Court judgement in Cyprus on grounds of public policy
The Larnaca District Court has issued its long awaited judgement on applications for enforcement of English Court judgments in Cyprus and has denied enforcement on grounds of a manifest breach of the public policy of - Read More...
Harris Kyriakides covers the Cyprus chapter of the inaugural edition of Sovereign Immunity 2018
Harris Kyriakides is covering the Cyprus chapter of the first edition of Getting the Deal Through – Sovereign Immunity 2018. This is the first volume to critically and comparatively assess the state of play of the law of sovereign - Read More...
By Michael Kyriakides
Civil procedure reform in Cyprus looking to England and beyond
The average length of a first instance civil trial in Cyprus is approximately two years. The article identifies the elements of Cypriot civil litigation that contribute to lengthy and costly trials despite the recent amendments - Read More...
By Nicolas Kyriakides
New European Regulation cuts red tape
On the 9th of June 2016, the European Parliament has adopted a regulation (the “Public Documents Regulation”), proposed by the Commission, to cut costs and formalities for citizens who need to present a public - Read More...
The European Account Preservation Order
The European Account Preservation Order (EAPO) Regulation (Regulation (EU) No 655/2014) (the “Regulation”), is a recently introduced EU-wide instrument. It allows a plaintiff to obtain an order preserving a defendant’s bank account across the EU - Read More...
By Nicolas Kyriakides
Finding, Freezing and Attaching Assets: A Multi-Jurisdictional Handbook
Michalis Kyriakides and Nicolas Kyriakides are the authors of a chapter on Cyprus law in a recent book published by Kluwer Law International. The book is about how to find out whether a defendant - Read More...
By Michael Kyriakides, Nicolas Kyriakides
The United Kingdom’s stance to the recently introduced European Account Preservation Order
In 2011 the European Commission presented a proposal for a regulation introducing the European Account Preservation Order (EAPO).This remedy allows a claimant to obtain an order preserving a defendant’s bank account upon proof that the - Read More...
A European-wide Preservation Order: How the Common Law Practice Can Contribute
“Milking a dry udder gets you nothing but kicked off the milking stool,” as an old saying goes. Having this in mind, a claimant would not normally bring proceedings unless he or she is confident - Read More...
By Nicolas Kyriakides
Interest from judgments issued by Cyprus Courts set at 4%
The Minister of Finance of Cyprus has issued a ministerial decree, which sets the interest percentage which applies on judgments issued by Cyprus Courts at 4%. The decree has been published in the Cyprus - Read More...
Council adopts European Account Preservation Order
The Council of the EU adopted yesterday the regulation establishing a European Account Preservation Order. As mentioned in our previous posts, by means of this mechanism a creditor will be able to obtain from - Read More...
Launch of the Fiscal Responsibility and Budget Systems Law
The government of Cyprus recently launched the new Fiscal Responsibility and Fiscal Framework Law, after the over voting of the law in March 2014. The new Cyprus law, characterised as an “umbrella law”, provides for - Read More...