Economou & Co LLC is pleased to announce the release of our detailed comparative guide on the recognition and enforcement of foreign judgments in Cyprus. This essential resource is designed to assist legal professionals, businesses, and individuals in understanding the intricate processes involved in ensuring that foreign judgments are recognized and enforced within the Cypriot legal framework.

Our guide covers a broad range of topics, providing readers with a thorough understanding of the legal landscape. Key sections include:

1. Legislative and Regulatory Provisions: An overview of the legislative and regulatory framework governing the recognition and enforcement of foreign judgments in Cyprus.
2. Bilateral and Multilateral Instruments: Information on international agreements that Cyprus is a part of, which impact the recognition and enforcement of foreign judgments.
3. Jurisdiction of Courts: Details on which Cypriot courts have the authority to hear applications for recognition and enforcement.
4. Types of Recognizable Judgments: Clarification on the types of judgments that can be recognized and enforced, and any exceptions.
5. Finality and Appeal: Discussion on whether a foreign judgment must be final and binding and the implications if it is under appeal.
6. Limitation Periods: Information on the time limits for making an application for recognition and enforcement.
7. Process and Legal Effects: The formal process for recognition and enforcement, and its legal ramifications.
8. Challenges and Injunctive Relief: Grounds on which defendants can challenge recognition and enforcement, and the possibility of seeking injunctive relief.
9. Service of Process and Jurisdictional Review: Examination of how Cypriot courts review service of process and the jurisdiction of the foreign court.
10. Costs and Enforcement Against Third Parties: How the court handles costs and whether enforcement can extend to third parties.
11. Current Trends and Developments: Insight into the current enforcement landscape and recent developments.
12. Top Tips for Smooth Enforcement: Practical advice for ensuring the smooth recognition and enforcement of foreign judgments.

We invite you to explore our guide and gain valuable insights to navigate the complexities of foreign judgment enforcement in Cyprus. For more information, read the full guide here.