SOTERIS PITTAS & CO LLC is a boutique law firm, in size only, focusing on the areas of law related to business activity and dedicated to providing its clients with outstanding, highly personalized, legal representation. Profile

Our lawyers are specialized in dispute resolution of complicate and multi-jurisdictional commercial and corporate disputes and they have been involved in all major litigation disputes raised before Cypriot Courts. Practices

Cyprus- Dispute Resolution – Commercial Court

Minister of Justice, Mr. Ionas Nicolaou and Members of Supreme Court had decided for the Commercial Court to be set up and become operational from the beginning of 2018.

Jurisdictional matters

It shall have jurisdiction over matters including claims arising from contracts or disputes between companies, the purchase or sale of goods, the exploitation of oil or gas, the purchase or exchange of shares, intellectual property and insurance affairs.

It shall apply to cases the scale of which shall exceed EURO 5,000.000.

Seat
Seat shall be in Limassol and Nicosia with consultations with Supreme Court. Commercial Court will have separate structure and will operate outside District Court.

Procedure

It shall be fast track procedure to be completed up until 18 months at first instance.

Purpose

Speed and efficiency.

Attract additional investment, companies etc.

 

For further information on this topic please contact

Mrs. Liza Bokova (lbokova@pittaslegal.com) at SOTERIS PITTAS & CO LLC,

by telephone (+357 25 028460) or by fax (+357 25 028461)

 

 

The content of this article is intended to provide a general guide to the subject matter. Specialist advise should be sought about your specific circumstances.

PUBLICATIONS

NEWS