Legal Business

Sponsored briefing: Cypriot courts hear major international civil fraud cases: here is why

Sponsored briefing: Cypriot courts hear major international civil fraud cases: here is why

SCORDIS, PAPAPETROU & Co LLC examines the key elements of civil fraud proceedings in Cyprus

Introduction

The development of Cyprus as an international business centre has also led to it becoming a serious hub for international dispute resolution, involving, more often than not, international white-collar crime cases instigated by private individuals, companies and governmental bodies alike. The accession of Cyprus to the EU has also contributed to the number of civil fraud cases coming before the Cypriot courts, especially when coupled with the fact that Cyprus is a common law jurisdiction and most of the leading litigators are UK educated and qualified lawyers with support teams of analogous education and background.