LEGAL FRAMEWORK AND COURTS • Arbitration in Austria has a remarkable tradition. The first arbitration institutions were set up as early as 1883. • Austria has a modern arbitration law up to...
1. Court System What is the structure of the civil court system? There are two tiers of courts in Cyprus, i.e., the Supreme Court and the subordinate courts. The Supreme Court The...
There is no easy solution, to the problem, which follows from the principle of majority rule, in Company law, that of protecting the minority shareholders from violation of their rights. A...
Many fraud cases involve complex corporate structures, incorporated in various jurisdictions some of which might cause obstacles or create problems for victims. Cyprus Courts, have jurisdiction to...
Contributed by Soteris Pittas of SOTERIS PITTAS & CO LLC December 28th, 2009 By a recent decision of a Cyprus First Instance Court, a winding up petition lodged by a holder of an...
INTRODUCTION Cyprus Courts, have jurisdiction to issue any interim order, in all cases, in which it appears to the Court, just and convenient to do so, provided that the following conditions are...
Due to the accession of the Republic of Cyprus in the European Community (“EU”), Cyprus is bound by the provisions of inter alia the EU Regulation 44/2001, on Jurisdiction and the Recognition and...
The foundation of the relationship between a lawyer and his Client, in the effective representation by a lawyer of his Client’s interests, is the privilege of confidentiality. The...
Очень часто бизнесмены, создавая совместные предприятия и подписывая акционерные соглашения либо соглашения о совместной деятельности, не совсем точно осознают последствия созданных контрактов....
Июль-Август 2007 № 14(123) Страницы 52-56 В чем польза трастов зарегистрированных на Кипре Активный Курорт Уровень развития российской экономики дает бизнесменам неплохие возможности размещать...
Contributed by Soteris Pittas of SOTERIS PITTAS & CO LLC Anti-Suit Injunctions December 28th, 2009 In a recent decision a Cyprus First Instance Court issued an anti-suit injunction...
OPEN-ENDED UNDERTAKINGS FOR COLLECTIVE INVESTMENT IN TRANSFERABLE SECURITIES (“UCITS”) 1.1 UCITS The UCITS law 200(1)/2004 (“the Law”) which implements the EU directives provides the legal...
INTERNATIONAL MULTILATERAL CONVENTIONS 1. Is your country a contracting state to the New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards? Since December 1980, Cyprus...
INTRODUCTION Cyprus, has adopted the Anglo-Saxon legal system which allows most of English cases to be cited in Cypriot Courts. Under certain conditions, the cases are treated as binding, but in...
ENFORCEMENT OF FOREIGN ARBITRAL AWARD UNDER NEW YORK CONVENTION Contributed by Soteris Pittas of SOTERIS PITTAS & CO LLC 31st October 2007 In a very recent decision, a Cyprus District...
Contributed by Soteris Pittas of SOTERIS PITTAS & CO LLC September 23rd, 2010 In a recent decision of a Cyprus Court, it has been held that an applicant cannot abuse the machinery of the...
Contributed by Soteris Pittas of SOTERIS PITTAS & CO LLC September 23rd, 2010 In a recent decision of a Cyprus District Court, it has been decided that an international arbitral award,...
In Pell Frischmann Consultants Ltd v. the Republic of Cyprus the Supreme Court decided, among other things, that Law 101/87, which adopted the United Nations Commission on International Trade Law...