New Era In Admiralty Litigation In Cyprus

Cyprus is an internationally renowned shipping centre and home to some of the world's leading names of the global shipping industry. The simplified ship registration procedures, the favourable shipping taxation and the high standard of services are some of the competitive advantages which established Cyprus as a key player in the international maritime industry.

Nevertheless, the field of admiralty litigation has, for a long time, been calling for progressive reforms which would enable Cyprus to also become an international centre for the resolution of maritime disputes.

This gap is now filled by the general reforms in the Cypriot justice system which have been adopted and are expected to enter into force in 2023. In the area of admiralty litigation, the reforms point in two directions: first, the establishment of a new Admiralty Court with the sole and exclusive jurisdiction to hear and decide "admiralty cases" and second, the modernization of the Admiralty