Mediation in Cyprus offers a confidential, flexible, and cost-effective alternative to litigation, governed by a robust legal framework that ensures enforceability of settlement agreements. Key features include confidentiality, mediator neutrality, and court-backed enforcement mechanisms, promoting amicable dispute resolution.
The recent ruling of Appeal no. 49/2016, given on 13/11/2024, addresses the enforcement of a foreign arbitral award issued by the London Court of International Arbitration, shedding light on the interplay.
