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ARTICLE · 31 OCTOBER 2007

Dispute Resolution 2007/08 Volume 1: Country Q&A - Cyprus

Elias Neocleous & Co LLC
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Please give a brief overview of the main dispute resolution methods used in your jurisdiction to settle large commercial disputes, identifying any recent trends.

CyprusLitigation, Mediation & Arbitration
Costas Stamatiou
Costas Stamatiou
Panayiotis Neocleous
Panayiotis Neocleous
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© This chapter was first published in the PLC Cross-border Dispute Resolution Handbook 2007/08 and is reproduced with the permission of the publisher.

TYPES OF DISPUTE RESOLUTION

1. Please give a brief overview of the main dispute resolution methods used in your jurisdiction to settle large commercial disputes, identifying any recent trends.

Litigation is the predominant method for resolving disputes. Arbitration and other forms of alternative dispute resolution (ADR), although at an infant stage, are becoming more popular, particularly in disputes relating to construction, insurance and trade.

If a commercial dispute does result in a court action it falls within the jurisdiction of the district courts (except in the case of admiralty disputes) ( see Question 3 ). Litigation does not preclude the parties from achieving settlement. The courts favour settlement to reduce their heavy workload, and encourage the parties to exhaust settlement possibilities before a case is scheduled for

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