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Results: 4 Answers
Enforcement of Foreign Judgments
9.
Tips and traps
9.1
What are your top tips for smooth recognition and enforcement of foreign judgments, and what potential sticking points would you highlight?
 
Cyprus
Until the Cypriot Appellate Court has issued its decision on the enforcement under statute of foreign judgments issued in non-EU countries, the best way to avoid jurisdictional risks and obstacles is to assign the claim of original creditor to a Cypriot special purpose vehicle to file a court action in order to obtain the foreign judgment in its own name as judgment creditor, thus satisfying the jurisdictional requirements set out in Law 121 (I)/2000 and the relevant case law of the Cypriot first-instance courts referred to above.

It is also important to consider the procedural requirements for the presentation of an apostille-certified true copy of the foreign judgment, together with a certified true Greek translation, in order to avoid the risk of rejection of the enforcement application on procedural grounds.

For more information about this answer please contact: Soteris Pittas from Soteris Pittas & Co LLC