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ARTICLE · 11 AUGUST 2016

e-Disclosure Order Versus MetaQuotes Software

P. N. Kourtellos & Associates
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The Cyprus Court delivered a judgment on 29 July 2016 ordering electronic disclosure against MetaQuotes Software, the well-known Forex trading platform, the first of its kind in Cyprus!

CyprusLitigation, Mediation & Arbitration
Pavlos Kourtellos
Pavlos Kourtellos
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The Cyprus Court delivered a judgment on 29 July 2016 ordering electronic disclosure against MetaQuotes Software, the well-known Forex trading platform, the first of its kind in Cyprus! Even the intrusiveness of the order proposed by our side the Court agreed with our submissions that intrusion can be significantly reduced by ordering that the necessary work should be carried out by an independent expert appointed jointly by the parties.

The judgment establishes the court's power to order inspection of a database and to give access to a party's computer or database. As such the court may permit inspection and interrogation of the computer system by an independent expert to protect the interests of the disclosing party (MetaQuotes). That, of course, is what was sought here by our law firm in favour of the client.

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