Enforcement Of Foreign Court Judgments And Arbitration Awards In Cyprus (Updated)

In order to maintain economic relations between persons and companies from different countries and to secure their business interests, it is important to ensure the recognition and enforcement of foreign judgments on the territory of foreign countries.

In general, the judgment rendered by a court is binding upon the parties of the proceedings within the territory of a particular country. The issue of recognition and enforcement of foreign judgments is regulated by legislation of each particular country and international treaties to which such country is a party. The recognition of a foreign judgment serves as confirmation of respective foreign civil rights and obligations in Cyprus and is a prerequisite for enforcing the judgment, which involves additional requirements.