Legal Business

Sponsored briefing: Alternative dispute resolution in Cyprus

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International Patrikios Pavlou & Associates

Stavros Pavlou and Athina Patsalidou on how Cyprus has embraced alternative dispute resolution, becoming an increasingly attractive venue for arbitration proceedings

As Cyprus has emerged as an international business centre it requires an efficient and effective dispute resolution mechanism that will allow stakeholders to move on from disputes and concentrate on their core business. Given the long delays experienced within the traditional court system, arbitration as an alternative dispute resolution method, provides such an efficient system for dispute resolution and promotes economic activity in Cyprus. The main areas in which arbitration is used in Cyprus are commercial disputes, shareholder disputes, construction disputes and banking disputes between debtors and financial institutions.

Legal Business

Sponsored briefing: Family offices: current challenges and trends

Posted on |
International Patrikios Pavlou & Associates

The outbreak of the Covid-19 pandemic has affected not only public health and the well-being of humanity, but also a number of economies, businesses and industries worldwide. Family offices have not remained unaffected; not only by coronavirus but also by the ever-shifting global economic environment. New trends that have arisen during the Covid era, including remote working and the demand for greater connectivity, as well as novel strategic and operational risks, are forcing family offices to rethink the way they have been traditionally doing business.

New trends and challenges

The majority of family offices were until recently relying on a more traditional model for their operation; having a few loyal employees and depending on the decision-making power of the head of the family. Currently, however, family offices are faced with a number of new matters that need to be addressed. Namely, have priorities shifted? Is the existing structure and location of the family office fit for purpose? Can the IT infrastructure in place support the electronic requirements of this new era? What about the younger generation – is it willing to step up and adapt to the new conditions?