Antonis Georgiou successfully argued for the dismissal of a jurisdictional preliminary objection raised by the respondent. The objection claimed that the Cypriot court lacked jurisdiction over the case, as the parties involved were American citizens with no ties to Cyprus. Antonis Georgiou effectively demonstrated that the respondent had failed to comply with the strict requirements under the new Civil Procedure Rules for raising such objections. The court agreed with the arguments presented, emphasizing that the objection was invalid due to procedural lapses. This ruling reinforced the importance of adhering to the procedural rules in jurisdictional matters, ensuring the integrity of the court's authority.
DECISION ON JURISDICTIONAL PRELIMINARY OBJECTION – SUCCESSFUL DISMISSAL BASED ON CIVIL PROCEDURE RULES
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GENERAL RULES ON WINDING UP A COMPANY IN CYPRUS DUE TO OPPRESSION & DEADLOCK
A company in Cyprus may be wound up where those in control engage in oppressive conduct toward the minority or where there is deadlock and breakdown of mutual trust in a quasi-partnership context. The Court exercises equitable discretion, and winding up is a last resort where no other remedy is adequate.
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