Following Cyprus's increasing role as an international dispute resolution center, a new Commercial Court is to be established to handle high-value commercial disputes litigated in Cyprus.
The District Court of Nicosia accepted a request to offer directions, in the form of clarifications, on the ambit of a freezing order, which was previously issued by the Court.
Recent developments, sanctions and capital controls have disrupted finance arrangements and bond issuance going through Cyprus, with many innocent parties getting caught in the crossfire.
