CYPRUS Law and Practice Contributed by: Kyriacos Scordis, Alexandros Gavrielides, Chara Pieri and Demetris Yiannakou, Scordis, Papapetrou & Co LLC
14. Outlook 14.1 Proposals for Dispute Resolution Reform Since 2021, the Cypriot legal system has undergone a major overhaul through a series of reforms aimed at building a modern, accessible, and efficient system of administering justice. These reforms include: • the establishment of two new specialised courts (namely the Commercial and Admiralty Courts) and a three-tier court system as described above; • the establishment of a training school for judges; • the introduction of a new digitalised platform for the digital filing and administration of courts’ cases; and • the introduction of the new CPR. 14.2 Growth Areas Merger control, data protection, and energy-related claims are three areas likely to see greater growth, along with a shift away from classical litigation toward arbitration/mediation.
Pursuant to the provisions of Chapter 4, the court may also set aside an arbitral award on the ground of improper conduct on the part of the arbitrator. 13.4 Procedure for Enforcing Domestic and Foreign Arbitration Both Chapter 4 and the ICAL provide for the recogni- tion of an arbitral award. As far as domestic arbitra- tions are concerned, Chapter 4 provides that an arbi- tral award may be recognised by the Cyprus courts upon leave of the court, which may be granted upon application by the party concerned. In a similar vein, an award issued in an international arbitration may be recognised pursuant to the provisions of the ICAL, following an order of the court issued upon a writ- ten application which is accompanied by the original award or a certified copy of it. Once recognised, an arbitral award may be enforced in the same ways as a court judgment.
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