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Cyprus Steps Up Sanctions Enforcement: From Compliance Obligations to Criminal Consequences

On the 25th of July, 2025, the Republic of Cyprus (“Cyprus”) enacted Law 149(I)/2025, formally titled The Criminalization of the Violation of the Restrictive Measures of the European Union Law of 2025 (the “Law”). The Law transposes EU Directive 2024/1226 of the European Parliament and Council of the 24th of April, 2024, which harmonises the definition of criminal offences and penalties for the violation of EU restrictive measures. In effect, the Law replaces earlier legislation on the implementation of international and European sanctions, carving a uniform framework for criminal enforcement in line with European standards. Purpose and scope The Law aims to ensure that breaches of restrictive measures of the European Union (“EU”), established pursuant to Article 29 of the Treaty on European Union and Article 215 of the Treaty on the Functioning of the European Union (collectively referred to as “EU Sanctions”), constitute clearly defined criminal offences under national law, punishable by proportionate and dissuasive penalties. The Law applies to both natural and legal persons, and covers a wide range of conduct related to the breach or circumvention of the EU Sanctions, among which are the transfer, disposal, and/or concealment of economic resources, capital and/or assets belonging to a natural or legal person, entity or body subject to EU Sanctions (a “Designated Person”). Among the definitions set out in Article 2 of the Law, those of “capital” and “economic resources” are particularly noteworthy. “capital” covers financial assets and economic benefits of any kind, and is drafted broadly to include, inter alia, cash, cheques, monetary claims, deposits, negotiable instruments and other payment means; securities, both publicly and privately traded (including shares, bonds, notes, warrants and derivatives); credits, guarantees, letters of credit and other financial commitments; income or gains derived from such assets; documents evidencing participation in funds or financial resources; and crypto-assets as defined in Article 3(1)(5) of Regulation (EU) 2023/1114. “economic resources” covers assets, whether tangible or intangible, movable or immovable, which are not funds but may be used to obtain funds, goods or services. Article 4 of the Law defines its territorial scope of application, extending the reach of the offences under Article 5 beyond the territory of Cyprus. Specifically, the Law applies to conduct committed wholly or partly within Cyprus, on ships or aircraft registered in Cyprus or flying the Cypriot flag, and to offences committed by Cypriot nationals or by legal persons incorporated in Cyprus. It also extends to acts or omissions occurring outside Cyprus where the offender is habitually resident in Cyprus, is an officer or employee of the Republic of Cyprus acting in an official capacity, or where the offence is committed for the benefit of a legal person established in Cyprus or in connection with business activities conducted wholly or partly within Cyprus. Where the commission of an offence falls within the jurisdiction of more than one EU Member State, Cyprus is required to cooperate with the other Member States to determine which will undertake the prosecution, with the matter being referred to Eurojust where appropriate, in line with Framework Decision 2009/948/JHA. Notably, prosecution of offences committed by Cypriot nationals or by legal persons incorporated in Cyprus may be brought irrespective of whether the state in whose territory the offence occurred has submitted a complaint. Criminal offences Article 5 of the Law sets out the core offences criminalised under Cypriot law in alignment with the EU Sanctions framework. It provides that any intentional act or omission resulting in a breach of an EU Sanction constitutes a criminal offence. In particular, the Law criminalises: the direct or indirect provision of funds or economic resources to, or for the benefit of, a Designated Person; the failure to freeze funds or economic resources owned, held or controlled by such Designated Person; the facilitation of the entry into or transit through the territory of an EU Member State by a Designated Person in breach of a travel ban; the execution or continuation of transactions with a third country, its entities, or entities owned or controlled (directly or indirectly) by it, including the award or continuation of public contracts or concessions, where such conduct is prohibited or restricted under EU Sanctions; the execution of commercial transactions involving the import, export, sale, purchase, transfer, transit or brokering of goods, or the provision of intermediary, technical assistance or related services, contrary to EU Sanctions; the provision of financial services or financial activities, or any other type of service prohibited or restricted under EU Sanctions; the circumvention of EU Sanctions, including through: – the use or transfer of funds or resources to conceal ownership or control; – the provision of false or misleading information to obscure the involvement of Designated Persons; or – the failure to report or disclose to the competent authorities frozen or controlled assets as required by law; and – the violation or non-compliance with licence conditions granted by the competent authorities where the underlying activity would otherwise be prohibited by EU Sanctions. Importantly, an offence involving the trade, export or provision of technical assistance in relation to items on the EU Common Military List or dual-use items (as listed in Annexes I and IV to Regulation (EU) 2021/821) may be committed even through gross negligence, thereby extending criminal liability beyond intentional conduct. The Law further clarifies that its provisions do not criminalise humanitarian aid to persons in need or activities supporting basic human needs, provided such actions are carried out in accordance with the principles of impartiality, humanity, neutrality and independence, and, where applicable, with international humanitarian law. It also reaffirms that persons providing legal services in accordance with the Advocates Law, Cap. 2, are not required to report information obtained from or about their clients which is protected by legal professional privilege. Article 6 extends criminal liability to persons who incite, conspire or attempt to commit the offences under Article 5. Anyone who induces another to participate in such conduct is guilty of the same offence, subject to the same penalties, and may be prosecuted as if they had committed the act themselves. Where two or more persons act with a common intention to pursue an unlawful purpose and, in doing so, commit any of the offences under Article 5, each is likewise deemed guilty and liable to the same penalty. The Law also provides that a person who attempts to commit any of the specified offences in Article 5 is guilty of an offence and may be prosecuted and punished as if the act had been completed. A person is regarded as having attempted an offence where they begin to carry out their intention by suitable means and clearly manifest that intention, even if the act ultimately remains incomplete. Penalties and liability Articles 7 and 8 of the Law introduce a framework of differentiated penalties depending on the gravity of the offence and whether it is committed by a natural or legal person. For natural persons, penalties range from imprisonment of up to five years and/or fines of up to EUR 100,000, depending on the type and value of the offence. Lesser breaches may attract shorter terms or lower fines, while offences involving dual-use or military goods incur the maximum penalties irrespective of monetary value. In addition, the Courts may impose supplementary measures, such as the revocation of licences, exclusion from holding managerial positions, temporary disqualification from public office, or, where public interest so requires, the publication of the judgment in accordance with data-protection rules. For legal persons, the Law establishes corporate criminal liability where an offence is committed for the benefit of the entity by a person in a leading position, or as a result of insufficient supervision or control. Fines may reach up to 5% of the entity’s total worldwide turnover for the preceding financial year, or, where such turnover cannot be determined, up to EUR 40 million. Additional sanctions may include exclusion from public funding or procurement, suspension or withdrawal of authorisations, temporary or permanent business restrictions, or even judicial dissolution. Courts may also order the publication of their decisions in cases of public interest. The liability of a legal person does not preclude the prosecution of natural persons involved in the same conduct. Article 9 further defines the basis of corporate liability, providing that a legal person incurs responsibility for offences committed for its benefit by individuals exercising representational, decision-making, or control powers within it. Liability also arises where a lack of supervision or control by such persons enables the commission of an offence by subordinates. The corporate liability provisions do not preclude the criminal prosecution of natural persons who act as perpetrators, instigators, or accomplices. Finally, Article 10 introduces aggravating and mitigating circumstances relevant to sentencing. Aggravating factors include, among others, the commission of an offence within a criminal organisation, the use of forged or falsified documents, violations by professional service providers acting contrary to their duties, the involvement of public officials, the derivation of significant financial benefits, obstruction of justice, or prior convictions for similar offences. Mitigating factors include situations where the offender cooperates with authorities, providing information or assistance that would not otherwise be obtainable, and which facilitates the identification or prosecution of other offenders or the gathering of evidence. Enforcement and cooperation Part III of the Law strengthens enforcement by providing for the freezing and confiscation of assets linked to EU Sanctions breaches, the investigative powers of the police, customs, and other authorities, and cooperation with EU bodies such as Europol, Eurojust, and the European Public Prosecutor’s Office, particularly in cross-border cases. It also requires the collection of anonymised enforcement data and its reporting to the European Commission through the Unit for the Implementation of EU Restrictive Measures (EMEK). Complementary legislative measures have also been introduced to ensure consistency and effective implementation. Law 150(I)/2025 establishes the National Sanctions Implementation Unit within the Ministry of Finance, responsible for coordinating national enforcement of both EU and UN sanctions, issuing guidance, managing licensing procedures, and imposing administrative fines. In parallel, Law 148(I)/2025 amends the existing whistleblowing framework to extend protection to persons reporting breaches of EU Sanctions, including acts of incitement, aiding and abetting, or attempted violations. Significance The Law positions Cyprus firmly within the EU’s collective effort to strengthen the enforcement of restrictive measures amid a shifting geopolitical environment. At the national level, it signifies that compliance with EU Sanctions is no longer merely a matter of regulatory diligence but now carries potential criminal liability for both individuals and corporate entities; not only those who commit breach, but also those attempt, facilitate, or conspire to do so. Its adoption marks an important step in reinforcing Cyprus’ commitment to transparency, accountability, and effective alignment with the EU Sanctions regime. Authors Kyriaki Stinga, Adonis Zachariou, Maria Vyronos Elias Neoleous & Co LLC
Elias Neocleous & Co LLC - November 17 2025

Retainer Partnerships: Turning Law Firms into In-House Allies

Modern business operates in an environment of constant legal exposure. Regulatory frameworks evolve rapidly, commercial risks are increasingly complex and decisions often carry legal implications that may not be immediately apparent. Traditionally, companies have turned to external lawyers only when problems arise; an approach that often results in reactive, costly, and fragmented legal advice. But what if law firms could work differently? What if they could act as a true extension of a company’s team offering the same level of care, familiarity, and responsiveness as in-house counsel? This is where the concept of a monthly retainer legal partnership comes in. A Modern Approach to Legal Service A monthly retainer arrangement allows a law firm to work with its clients on an ongoing basis, providing day-to-day legal advice and oversight for a fixed monthly fee. Rather than engaging lawyers only for isolated matters or transactions, the client enjoys continuous access to experienced counsel, essentially having an “in-house lawyer” without the payroll, costs, logistics and management obligations of full-time employment. In practice, this model transforms the relationship between law firm and client. The lawyer becomes an integral part of the business, not an outsider called in for emergencies. Over time, the firm develops a deep understanding of the client’s operations, culture and strategic goals. This closeness enables proactive and practical legal support preventing issues before they escalate, aligning advice with business realities and adding genuine long-term value. Advantages of a Retainer Relationship Predictable Costs and Financial Efficiency One of the strongest appeals of a monthly retainer is cost certainty. Instead of unpredictable hourly billing or case-based fees, the client knows in advance what its legal expenditure will be each month. This predictability simplifies budgeting and financial planning. Moreover, companies save substantially over time. A retainer arrangement eliminates the inefficiencies of starting from scratch on every new case and reduces the risk of costly disputes arising from preventable legal oversights. In short, it is a model that encourages prevention rather than cure. Consistency and Continuity of Advice When a law firm works continuously with a client, it gains deep institutional knowledge and understanding, not just the company’s contracts or policies, but its risk appetite, commercial dynamics and decision-making style. This allows for advice that is not only legally correct but contextually relevant. Continuity also means consistency. The same team of lawyers advises on multiple aspects of the business, ensuring alignment across contracts, compliance, employment issues, and strategic decisions. This reduces fragmentation and enhances efficiency, as the firm no longer needs to be “briefed from zero” every time a new issue arises. Immediate Access to Counsel Under a retainer, the client can pick up the phone or send an email to its legal team at any moment, without worrying about clocking billable hours. This encourages open communication and timely consultation, ensuring that legal issues are addressed early and often before they become problems. Such accessibility gives business leaders confidence. Decisions can be taken swiftly, with legal input already factored in. The firm acts not just as a service provider, but as a trusted advisor who is always available and always engaged. Proactive Risk Management Reactive legal work is often more expensive and disruptive than proactive prevention. A retainer allows the law firm to continuously monitor the client’s legal environment, update contracts, review policies, and identify risks before they crystallize. In effect, the firm becomes a watchful guardian of the client’s legal health, the equivalent of having an in-house general counsel, overseeing every important step. This continuous oversight helps companies stay compliant, manage risk intelligently, and build resilience against unforeseen challenges. No Employment Burden or Long-Term Commitment A retainer arrangement provides the continuity of an in-house lawyer without the obligations of employment. The client avoids the administrative and financial burdens that come with hiring staff such as salaries, social insurance, benefits or employer contributions. Moreover, a retainer agreement can be terminated or adjusted at any time, offering full flexibility without legal repercussions or redundancy costs. This allows businesses to enjoy dedicated legal support while maintaining complete control over their expenses and commitments. Flexibility and Scalability A retainer can be tailored to each client’s needs. Some may require regular contract reviews and compliance checks; others may need ongoing corporate governance advice or employment law support. As the business evolves, so too can the scope of the retainer offering flexibility without the rigidity of long-term employment contracts. For smaller or growing companies, this flexibility is particularly advantageous: they gain access to a full-service legal team without the overheads of building an in-house department. The Future of Legal Service Ultimately, a retainer-based relationship is built on trust and mutual commitment. The law firm commits to being present, responsive and deeply engaged in the client’s affairs. The client, in turn, views its legal advisors not as distant consultants but as part of its leadership ecosystem. This partnership model creates alignment of interests; the law firm’s success is directly linked to the client’s stability and growth. The firm has every incentive to deliver efficient, high-quality work that prevents problems rather than profits from them. As businesses demand more value, predictability, and integration from their advisors, the traditional hourly billing model increasingly feels outdated. The monthly retainer approach reflects a more modern, relationship-driven ethos. It is, in many ways, the best of both worlds: the dedication of an in-house lawyer combined with the breadth and expertise of an external firm. By offering monthly retainers, a law firm signals that it is ready to go beyond transactional advice; a law firm is prepared to stand beside its clients every day, not just when things go wrong. Yes, law firms can (and should) act for their clients on a monthly retainer, functioning as in-house counsel in all but name. The benefits are clear: predictable costs, consistency of advice, proactive risk management, and a relationship built on trust. Given the need for continuous and strategic legal oversight, the retainer model represents not just an alternative, but an evolution in the way legal services are delivered. George Economides Partner E&G Economides LLC www.economideslegal.com
E & G Economides LLC - October 30 2025
Shipping

Redomiciliation and Talent empowers Cyprus’ Shipping Sector

Cyprus is one of Europe’s most attractive maritime centres, a jurisdiction that offers not only a reputable flag, but a complete package for shipowners, ship managers, and maritime investors. Through targeted initiatives, the Government has developed a framework that combines competitiveness, certainty, and a commitment to sustainable shipping. The Green Incentives Scheme, approved by the Council of Ministers in 2024, grants up to a 30% reduction in annual tonnage tax for vessels achieving measurable emission reductions or meeting recognised efficiency standards. This complements the EU-approved Tonnage Tax System, extended to December 2029, which taxes shipowners, charterers and managers on fleet tonnage rather than profits, effectively exempting qualifying income and related dividends from corporate tax. In addition, employees earning over €55,000 from first employment in Cyprus enjoy a 50% income tax exemption. Further incentives strengthen Cyprus’ position as a shipping hub. There is no capital gains tax on shares in shipowning companies, and no withholding tax on dividend distributions to non-residents. The Shipping Deputy Ministry’s digital transformation, under its long-term “SEA Change 2030 strategy”, alongside to “CYSh1P” one-stop-shop portal, is digitalizing ship registration, tonnage tax management and crew certification through online platforms, aiming for full digitalisation of services by 2030. Equally important is the immigration and naturalisation framework introduced under the Council of Ministers Decision No. 92.018 of 15 October 2021, which forms part of the national Strategy for Attracting Companies to Cyprus. Under this framework, employees of Cypriot shipping companies engaged in high-skilled employment may qualify for Cypriot citizenship, enabling international shipping groups to attract and retain talent in Cyprus. Limassol is serving as the island’s maritime capital, home to a strong network of ship management companies, classification societies, and professional service providers. In his address at the opening of the Maritime Cyprus 2025 Conference in Limassol, Cyprus President, Mr. Nikos Christodoulides noted that over the past two years, Cypriot shipping has recorded “impressive growth”, with the Cyprus ship registry increasing by 20%, the greatest rise in two decades, while the number of companies registered under the tonnage-tax system rose by 15%. This growth reflects the success of ongoing reforms and the trust gained by the global maritime community in Cyprus as a reliable EU maritime hub. It is therefore no surprise that an increasing number of international shipping companies are choosing to redomicile to Cyprus by transferring their seat of incorporation to the island. Redomiciliation of Shipping Companies to Cyprus Redomiciliation offers foreign shipping companies a practical and strategic route to establish a long-term presence in Cyprus without interrupting their legal or commercial continuity. It allows a company to retain its corporate identity, assets, and contractual relationships, while benefiting from Cyprus’ incentives regime. In practice, the redomiciliation procedure before the Cyprus Registrar of Companies involves the following stages (as per Companies Law, Cap. 113 - continuation provisions): Step 1 (approx. 3–4 weeks): The foreign company ensures that its Memorandum and Articles of Association permit continuation in another jurisdiction and prepares the required supporting documents, including apostilled certificates of incumbency, good standing, and shareholder resolutions authorising the transfer to Cyprus. Step 2 (approx. 2 months): After the examination of the relevant application and the supporting documents, the Cypriot Registrar verifies compliance with all legal requirements and a Temporary Certificate of Continuation (TCC) is issued. From this point, the company is deemed to be a legal entity governed by Cyprus law, enjoying all corresponding rights and obligations. Step 3 (approx. 2–3 weeks): The TCC is submitted to the competent authority in the company’s original jurisdiction to obtain a Certificate of Discontinuation (CD), confirming that it is no longer registered there. Step 4 (approx. 2 weeks): The CD and relevant application are filed with the Cyprus Registrar, who then issues the Certificate of Continuation, formally completing the company’s permanent registration under Cypriot law. All documents originating from abroad must be apostilled or notarised, as appropriate, to be accepted by the Cypriot authorities. High-Skilled Employment and Naturalisation Incentives Once a company is registered in Cyprus, one of its key advantages is access to the naturalisation framework for high-skilled employees under Article 111B(2) of the Civil Registry Law and Council of Ministers Decision No. 92.018 of 15 October 2021. This regime forms part of Cyprus’ Strategy for Attracting Companies, and it expressly includes Cypriot shipping companies among eligible employers. Under this scheme, foreign employees working in Cypriot shipping companies may apply for Cypriot citizenship by naturalisation, provided they meet certain requirements, including: Continuous legal residence in Cyprus for at least 12 months prior to applying, with total absences not exceeding 90 days. Additional residence in Cyprus for a cumulative period of four or three years in the preceding decade, depending on the applicant’s Greek language proficiency (A2 or B1). Good character, adequate knowledge of Greek and Cypriot society, stable income, and an intention to permanently reside in the Republic. The category of high-skilled employees covers individuals employed in senior or specialised positions, such as Directors, Managers, or Key Personnel, as well as professionals earning at least €2,500 per month and holding a university degree or at least two years of relevant professional experience. Applicants employed by the company for at least two years may request accelerated examination of their application. Spouses, partners, and dependent family members can also apply if they meet the relevant residence and language criteria. The scheme allows Cypriot shipping companies retain and attract skilled professionals, since many employees choose to relocate or remain in Cyprus to take advantage of the opportunity to obtain Cypriot citizenship through long-term and high-skilled employment. Conclusion Cyprus has built a clear advantage as a maritime centre. For shipping companies, it offers a place where business can grow with confidence, supported by skilled personnel. As the industry moves toward greener and more transparent practices, Cyprus stands out as a stable and forward-looking base for global shipping. Michalis Nikolaou, LL.B., LL.M. Advocate www.economideslegal.com [email protected]
E & G Economides LLC - October 21 2025
Dispute Resolution

The New Civil Procedure Rules in Cyprus: Into a Brighter Litigation Landscape

Two years have passed since the introduction of the new Civil Procedure Rules (CPRs) on 1st of September 2023. All proceedings initiated after that date now fall under the scope of the new CPRs, while ongoing cases prior to that date remain subject to the old CPRs. By mirroring the English CPRs content and spirit, the Cyprus new CPRs introduce an ambitious procedural framework, and it remains to be seen what the actual impact of the recent reforms in the Cyprus legal order will be. With this context, this article highlights key changes and judicial interpretations since the implementation of the new CPRs. Primary Purpose At the heart of the new CPRs lies their so-called primary purpose. According to the CPRs, their primary purpose is to enable the court to manage cases fairly and proportionate in costs.[1] Essentially, this means ensuring that the parties are placed on an equal footing and handling the case in ways that is proportionate and practical in terms of costs, timeframe, and complexity of each case. Through active case management, the court promotes the primary purpose, which includes, inter alia, encouraging the parties to cooperate, setting timetables, making use of technology, and giving orders and directions to ensure that the case is dealt with promptly and efficiently.[2] As stated in Kandounas v. Iliadis,[3] an attempt is made to bring a shift in legal culture and philosophy that will allow the Court to manage cases with flexibility and practicality, to move away from dysfunctional and unnecessary procedures which contributed to delays and caused expenses to escalate uncontrollably. This avoids frivolous and vexatious actions and achieves a more structured civil procedure. As per the Supreme Court’s decision in Kouzalis v. Gordian Holdings Limited:[4] “More important, however, in relation to the purpose of the Regulations, is the provision in R.3. According to this, the Court, in the exercise of its powers in relation to any proceedings before it, takes into account that 'The primary purpose of the Regulations is to ensure the right of access to the Court and that the Court will operate fairly and efficiently.' It also takes into account that, in every case, 'it must interpret and apply the Regulations with the aim of ensuring access to it in a fair and effective manner … the spirit of Part 1 (Primary Purpose) of the new Civil Procedure Rules, guides the Court away from formalistic approaches … bypassing deliberate procedural complexities and delaying tactics." Old CPR cases Yet, this shift in philosophy is not only present with cases under the new CPRs. In Lucy Rebecca Williams,[5] a case governed by the old CPRs, an American woman was hit by a jet ski while on vacation at Nissi Beach. Her expert witness, a doctor, found it difficult to travel from the United States, so it was requested that he provide testimony via video conference. The court, accepting the application, expressed that the primary purpose of the regulations, old or new, must aim at an effective and modern administration of justice. Even in cases governed by the old rules, courts may have regard to the purpose of the new CPRs such as modernisation of justice, as stipulated in rule 60. Therefore, parties should not be concerned that their case will be handled in an outdated manner merely because it falls under the old procedural framework. Pre-action Protocols The new CPRs also introduced the Pre-Action Protocols, templates for letters to be exchanged between parties prior to the commencement of litigation.[6] Their primary aim is to encourage early cooperation, facilitate exchange of information, and promote settlement where possible. Where settlement cannot be reached, compliance with these protocols ensures a smoother transition into formal proceedings, although in practice it is seen mostly as a procedural step for trial, rather than a settlement effort. The courts highlighted that failure to comply with the pre-action protocols may lead to the issuance of orders as to costs against the non-complying party or order a stay of proceedings for the proper observance of pre-action protocols.[7] Nonetheless, in Georgios Roditis v. Grand Masonic Lodge of Cyprus Ltd et al, the defendants sought to dismiss the claim over alleged non-compliance with the pre-action protocol, but the court held that such failure does not, in principle, justify striking out a claim. The timetable Active case management includes setting timetables.[8] The key stage is the case management hearing, where the Court issues a timetable outlining steps up to trial. The dates for the presentation of evidence, witness list, expert witnesses, exchange of documents, inspection and disclosure, and submissions are predetermined in the timetable. In LAKON A.T.E. v. Municipality of Paphos,[9] where one party sought to submit supplementary written evidence on the timetable, the court allowed the inclusion of filing supplementary written evidence within the timetable, even if in the end it is not used. This ensures the court is not caught off guard by unexpected filings, thereby changing the timetable itself. The ruling reaffirmed that courts may reject pleadings or evidence not submitted in line with the set timetable. However, this does not mean that leniency will not be shown. In Neofytos Polyviou v. Georgia Kyprianou,[10] the claimant failed to file the statement of claim within the timeframe and sought an extension. The court granted the extension acknowledging the claimant’s difficulty in arranging a meeting with his lawyers. While noting that the claimant could have acted with more diligence the court concluded that this should not lead to the dismissal of the application and the deprivation of the claimant’s right to pursue his claim. Conclusion In conclusion, it could be argued that there is a clear shift in approach that is evident under the new CPRs. A more organized and just system is now in place. Given the significant change brought by this new legal framework courts are showing leniency while all parties and lawyers become familiar with the new CPRs. Nevertheless, it is still the beginning and Cypriot courts must adopt a bold stance in interpreting the new CPRs, and, at the same time, a culture of compliance with the vision of the new CPRs is also expected from all people involved. [1] Civil Procedure Rules of 2023, Rule 1.2. [2] Civil Procedure Rules of 2023, Rule 1.5. [3] Konstantis Kantounas v. Christos Iliadis et al., Civil Appeal No. 54/2024, 18/10/2024. [4] Markos Kouzalis (deceased, through the administrator of his estate, Giovanni Kouzalis) v. Gordian Holdings Limited, application no. 5/2023. [5] Lucy Rebecca Williams v. Nissi Boat Water Sports limited, Action No. 534/2016, dated 9/4/2024. [6] Civil Procedure Rules of 2023, Rule 3.9. [7] Georgios Roditis v. Grand Masonic Lodge of Cyprus Ltd et al., Claim No. 3416/2023, dated 13/2/2025, and see under English case law, Olatawura v. Abilove [2002] 4 All ER 903, CA; Cundall-Johnson & Partners v. Whipps Cross University Hospital NHS Trust [2007] EWHC 2178. [8] Civil Procedure Rules of 2023, Rule 23. [9] LAKON A.T.E. v. Municipality of Paphos, Action No. 1186/23, 2/11/2023. [10] Neofytos Polyviou v. Georgia Kyprianou otherwise Georgia Klimi et al., Claim No: 143/2024, 11/12/2024.
Elias Neocleous & Co LLC - October 21 2025