Commercial Litigation
In recent years it has become more and more common for service providers in Cyprus, acting either as nominee directors, nominee shareholders or trustees of clients, to be the recipients of applications for the issue of disclosure orders against them in aid of foreign proceedings that are pending or will be initiated in the future against their clients.
Although the applicable principles under Cyprus law in cases where litigation is imminent or pending are rather clear, the same can not be said about the requirements for the issue of disclosure injunctions against professional trustees in aid of execution of an already issued judgment in a foreign jurisdiction.
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