Cyprus is a financial hub from which a number of companies, trusts, investment funds and assets established in Cyprus and various other jurisdictions around the world are managed and controlled, through regulated fiduciary and administrative services providers. The Cyprus courts exercise their powers in a wide and rigorous manner in relation to asset worldwide protection, freezing, discovery and tracing, in the context of main proceedings or in aid of foreign judicial or arbitration proceedings, provided all statutory and case law requirements are met. This makes Cyprus the ideal jurisdiction through which to pursue interim relief. Against this background, this article examines commercial litigation in Cyprus and various interim relief and injunctions granted by Cyprus courts.

This article is part of the multi-jurisdictional guide to dispute resolution. For a full list of jurisdictional Q&As visit www.practicallaw.com/dispute-mjg.