Following a hard-fought and complex interim proceedings, the team of Economou Legal successfully secured the issuance of worldwide freezing orders against multiple defendants in respect with assets in excess of EUR 15 million, together with ancillary disclosure relief.

By a detailed and carefully reasoned interim judgment, the District Court of Nicosia rejected extensive procedural and substantive challenges advanced by the defendants, including objections relating to jurisdiction, alleged non-disclosure, and the absence of any serious issue to be tried.

The judgment demonstrates the Cypriot Courts’ readiness to impose and uphold worldwide freezing and disclosure measures in complex, multi-party, cross-border conspiracy cases. It confirms a firm and practical approach to interim relief where there is credible evidence of asset dissipation and coordinated wrongdoing, ensuring that substantive claims are not undermined at an early stage.