Cyprus:
Applicability Of The New York Convention On Arbitral Awards Issued In Cyprus
03 July 2018
Soteris Pittas & Co LLC
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In the recent case IGUASU ENTERPRISES LTD & ANOTHER
–V- VOICE INTERNATIONAL LTD & ANOTHER, the District Court
of Nicosia held that an arbitral award issued in an arbitration
conducted in Cyprus, which was international and commercial, within
the meaning of Article 2 of the International Commercial
Arbitration Law (Law 101/87), was not a domestic award, but an
international award, covered by the provisions of the New York
Convention, and consequently able of being recognized, and enforced
in Cyprus, as per the provisions of the New York Convention.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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