Cyprus Litigation: Security For Costs Under The New Procedural Rules

Under Rule 26 of the new Procedural Rules adopted in September of 2023, a Claimant who has his habitual residence outside the European Union or a Member State of the European Union may, at any stage of the claim, be ordered to provide security for costs, even if he may reside temporarily within Cyprus or in a Member State of the European Union. It is understood that low-income foreign workers are exempt from any order to provide security for costs.

In cases of claims raised by persons residing outside of Cyprus or a Member State of the European Union, when the claimant's claim is based on a decision or order of the court the authority to claim from the Claimant to provide security for costs is left to the discretion of the court.