Cyprus:District Court of Nicosia Dismisses Application to Amend Statement of Claim Under New Civil P

We are pleased to share, that our legal team successfully handled the enforcement at common law, of a BVI judgement of approximately USD 90.000.000, against a former sales manager, of a large Russian Group, representing sums which he had misappropriated, during his employment, through the use of a wide network of overseas companies, including Cypriot entities.

The court inter alia held, that in the context of such enforcement proceedings, the court doesn’t have power to review the merits or the correctness of the foreign judgement, given that the available defences are limited.

The above case was handled, on behalf of our law office by the Managing Partner Soteris Pittas and the Partner Mrs. Anna Lambrou.