The enforcement of foreign awards in Cyprus has now become particularly significant in international business.  This is attributed to the consideration of Cyprus Companies as a prime corporate vehicle for asset management.  On this Chapter, you can read the basic guidelines on the applicable rules in Cyprus on the enforcement of judgments obtained outside of Cyprus as well as the commencement of protective or provisional measures in Cyprus pending the grant of a judgment award in a foreign jurisdiction.

International arbitrations in Cyprus are governed by the International Arbitration in Commercial Matters Law 1987 (IACM or the Law). Cyprus has also signed the New York Convention on the 29th December 1980 and incorporated its main provisions in the IACM.

Following public consultations and public hearings, Cyprus undertook all necessary initiatives in order to complete the liberalisation process in the telecommunications sector and the harmonisation with the acquis communautaire during 2002 and 2003.

2003 was a landmark for the insurance industry in Cyprus as itmarked the enactment of the new insurance legislation that complies fully with the European Union Directives. The new legislation has brought about marked changes as regards the regulatory framework of the insurance industry and has introduced additional burdens for insurers including stricter solvency requirements.

The International Comparative Legal Guide to: Telecommunication Laws and Regulations 2011. A practical insight to cross-border telecommunication laws and regulations

The International Comparative Legal Guide to: Telecommunication Laws and Regulations 2009. A practical insight to cross-border Telecommunication Laws and Regulations.

The International Comparative Legal Guide to: Environment Law 2009. A practical insight to cross-border Environment Law