Enforcement Of Foreign Judgements – Cyprus Chapter

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Elias Neocleous & Co LLC

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Elias Neocleous & Co LLC is the largest law firm in Cyprus and a leading firm in the South-East Mediterranean region, with a network of offices across Cyprus (Limassol, Nicosia, Paphos), Belgium (Brussels), Czech Republic (Prague), Romania (Budapest) and Ukraine (Kiev). A dynamic team of lawyers and legal experts deliver strategic legal solutions to clients operating in key industries across Europe, Asia, the Middle East, India, USA, South America, and China. The firm is renowned for its expertise and jurisdictional knowledge across a broad spectrum of practice areas, spanning all major transactional and market disciplines, while also managing the largest and most challenging cross-border assignments. It is a premier practice of choice for leading Cypriot banks and financial institutions, preeminent foreign commercial and development banks, multinational corporations, global technology firms, international law firms, private equity funds, credit agencies, and asset managers.
The Republic of Cyprus has a national system of justice which is enforced uniformly throughout the government-controlled area of the country.
Cyprus Litigation, Mediation & Arbitration

1. UNIFORMITY OF LAW AND REGULATIONS

The Republic of Cyprus has a national system of justice which is enforced uniformly throughout the government-controlled area of the country. The northern part of the island (approximately one-third of the total area) was occupied by Turkish forces in 1974, and it remains so at present. Information in this chapter does not apply to the occupied area. Cyprus was a British colony until 1960 and followed English law. Following independence, Cyprus law continues to lean heavily on English law, but since Cyprus joined the EU in 2004 European law has also become influential.

This history is evident in the fact that mechanisms exist for the recognition and enforcement of foreign judgments via several routes, namely:

– European Union Regulations, particularly Regulation 44/2001 on Jurisdiction and the Recognition and Enforcement of Judgments in Civil and Commercial Matters ('Regulation 44/2001'), Regulation 1215/2012 on Jurisdiction and the Recognition and Enforcement of Judgments in Civil and Commercial Matters (recast) ('Regulation 1215/2012') and Regulation 805/2004 creating a European Enforcement Order for Uncontested Claims ('Regulation 805/2004').

– Common law.

– Statute.

– Bilateral treaties and multilateral conventions.

Publisher: Wolters Kluwer

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