Arbitration

Proud to see our Partner and Head of Commercial Dispute Resolution, Constantinos Clerides, ranked #1 in Cyprus for Arbitration and Dispute Resolution in Mondaq’s Spring 2026 Thought Leadership Awards.

Zenonas, Kyriaki and Constantinos on behalf of CleridesLegal attended the International Arbitration Workshop on “Drafting Arbitration Agreements”. The event was organised by the Academy of the Law Office in collaboration with the London Court of International Arbitration.

Cypriot case law from December 2024 onwards has raised important issues of international law, offering significant guidance on international jurisdiction, enforcement of foreign arbitral awards, and state immunity.

The Cyprus Court of Appeal has delivered an important clarification in the recent judgment given on 08/01/2025 in Marbale Universal Corp & Victor A. Pichugov v Alexey N. Ananiev et al, and specifically on the recognition and enforcement of foreign arbitral awards under the New York Convention (1958), contributing to the ongoing international discussion on formalism versus functionality in arbitration enforcement.

In commercial agreements, arbitration clauses play a vital role in ensuring disputes are resolved efficiently, privately, and with expert input. These clauses stipulate that any disagreements between parties will be settled outside of traditional court systems, often saving time and costs. However, challenges arise when one party attempts to sidestep the arbitration clause and initiates litigation in court instead.

The recent ruling 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 between the New York Convention and local laws in Cyprus.

Under the Law on International Commercial Arbitration of 1987 (101/1987), the recognition and enforcement of foreign arbitral awards in Cyprus are governed by specific terms and conditions designed to ensure compliance with both local legal standards and international obligations.

Our very own Partner, Constantinos Clerides opening discussion at Cyprus Arbitration Day 2024: Modernizing Arbitration Laws. The event was sponsored by CleridesLegal and took place on the 20th May 2024 in Limassol.

Constantinos Clerides successfully completed and passed Module 1: International Arbitration on 14th September 2021.

Dr. Christos Clerides has been included in the Corporate INTL magazine as an Arbitration Expert in Cyprus for 2010.