Cyprus:
A Decision Of English Court Recognizing An Arbitral Award, Cannot Be Recognised And Enforced In Cyprus
21 December 2017
Soteris Pittas & Co LLC
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It has been held by the Cypriot Supreme Court that an
arbitration award obtained in England and made a judgment in the
High Court of Justice in England, does not come within the
definition of "judgment" of the Foreign Judgments
(Reciprocal Enforcement) Law, CAP. 10, and therefore cannot be
registered in Cyprus.
The only method of enforcement and recognition of the foreign
arbitral award in Cyprus, is through the mechanism of New York
Convention or by an action on the basis of the foreign arbitral
award.
Article IV of the New York Convention, has not restricted, or
limited the parallel right of a holder of a foreign arbitral award
to recognise and enforce same in the Republic of Cyprus by filing
of an action on the basis of the arbitral award.
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