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ARTICLE · 26 SEPTEMBER 2019

Time Limitation In Enforcing An Arbitral Award

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Arbitral awards are enforceable in Cyprus under the provisions of the Cypriot Law on International Arbitration in Commercial Matters Law No. 101/1987 and the New York Convention

CyprusLitigation, Mediation & Arbitration
Anna Lamprou
Anna Lamprou
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Arbitral awards are enforceable in Cyprus under the provisions of the Cypriot Law on International Arbitration in Commercial Matters Law No. 101/1987 and the New York Convention on the Recognition and Enforcement of Arbitral Awards of the United Nations of 1958.

What remains as a question is whether there is a time limitation for registration and enforcement of the Arbitral Award. Law 66(I) of 2012 sets out the limitation periods for various types of claims but it does not provide any special provision regarding the Registration and Enforcement of the Arbitral Award.

The answer lies to the nature of the arbitration itself which is based on an arbitration agreement or an arbitration clause and therefore the cause of action arises from the breach of the arbitration clause and the coexisting agreement between the parties to honor the agreement.

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