litigation
A new EU Regulation has come into force which establishes a European Account Preservation Order (EAPO) procedure. It is intended to facilitate cross-border debt recovery in civil and commercial matters (Regulation (EU) 655/2014). The main provisions will not however apply until January 2017. Under the new procedure, a creditor will be able to obtain an…
New EU rules making it easier for companies to recover claims across borders have been adopted today by EU Ministers. The new regulation is expected to be be published in the Official Journal (the EU’s Statute book) in June 2014 and will be directly applicable in the Member States (except in the UK and Denmark which have opted…
An individual`s or a company’s reputation is gained through hard work and usually well deserved. It should not therefore be lost as a result of defamatory content published on the internet. Today, as a result of the internet and it`s nature, an article, a blog comment, a forum comment, or a twitter comment can spread…
The Supreme Court of Cyprus issued a ruling today (Friday, 7/6/2013) on the 55 administrative recourse filed by bank depositors against decrees imposing the resolution of Popular Bank, which is being wound down, and Bank of Cyprus, where large depositors have been forced to forfeit savings for equity stakes in the bank. The Supreme Court…
On the 23.04.2013 the Supreme Court of Cyprus began reviewing the first administrative recourses filed against the decree issued on the 29.03.2013. The decree implemented the Eurogroup’s decision to wind down Laiki Bank and impose massive losses (“haircuts”) on all deposits in excess of €100.000 at both Laiki and the Bank of Cyprus. The recourses…
Following the Cyprus government announcement of 25 March 2013 that Laiki Bank (Cyprus Popular Bank) and Bank of Cyprus Plc will be restructured, Theodorou Law is currently advising a number of high net individuals and companies, both local and international, on their potential rights to seek legal redress for the negative financial impact caused to…
Theodorou Law Firm is a Cyprus firm with experience in the successful resolution of complex and challenging disputes. We have experience and have gained a reputation in particular for recovering assets and preserving assets in cases of allegations of fraud. Over the last few months we have sought and obtained numerous freezing and disclosure orders…
The Cyprus Limitation of Actions Law, Cap 15, sets out the time limits within which claims must be brought before a court. The Law was suspended following inter-communal disturbances in 1964 and has remained suspended ever since. Law 159(I)/2011, which was enacted on the 09.12.2011, now provides that the suspension of limitation will cease on…
On 14.12.2010, following a consultation process, the European Commission published a draft revised (recast) Brussels Regulation. The key areas addressed in the Commission’s legislative proposal are as follows: New rules concerning third state (non-EU) matters and defendants The Brussels Regulation provides jurisdiction rules mainly with respect to defendants domiciled in the EU Member States. The Commission proposes to extend…
In the case of Jivraj v Hashwani [1], the U.K. Court of Appeal held that an arbitration agreement which provided that only persons of a certain religious belief could act as arbitrator was void because arbitrators fall within the scope of English anti-discrimination employment legislation in relation to religion and belief (the Employment Equality (Religion…