
Cyprus’ oil and gas industry is entering a new chapter. For years, the country’s hydrocarbons story focused largely on exploration, discoveries and the long-awaited development of offshore gas resources. Today, the conversation is changing. Major projects are progressing, investment decisions are being made and international energy companies are moving closer to turning Cyprus’ offshore gas potential into commercial production.
Read full articleIn a recent Cyprus Appellate Court judgement, it has been inter alia held that the Certificate of enforceability issued, as per the provisions of Article 54 of the European Regulation 44/2001, constitutes a confirmation that the Court of Member State, which has issued same, had examined and verified, that the subject matter of the judgment, which is sought to be enforced, falls within the ambit of the provisions of the EU Regulation 44/2001.
Read full article