By Dr Pavlos Neofytou Kourtellos & Dr Marina Himoni Introduction In a recent decision of the Nicosia District Court (Karydis v. PJSC Transneft & PJSC Sberbank, Action 2019/23, judgment of 29 September 2025), the Court annulled a series of interim orders permitting service outside the jurisdiction, substituted service, and related procedural steps in a claim…
Dr. Marina Himoni With the passage of four pieces of legislation, including the 21st Amendment to the Constitution, by the Plenary of the House of Representatives, a large-scale reform of the structure of the judiciary in Cyprus is being implemented. The most substantial change concerns the creation of an Administrative Court of Appeal as an…
English Court of Appeal has refused jailed Russian tycoon Ziyavudin Magomedov permission to appeal against a decision that threw out his $14 billion lawsuit against Transneft and other firms Maria–Myrto Koustai Magomedov & Ors –v– TPG Group Holdings (SBS), LP & Ors (CA -2025-000366) In the Court of Appeal, Civil Division On the 3rd of…
On May 21, 2025, the Court unanimously overturned previous rulings by both the Administrative Court and the Administrative Court of Appeal concerning the jurisdiction over disciplinary actions imposed by the Cyprus Bar Association (the Council) in its role as a Supervisory Authority under the Prevention and Suppression of Money Laundering and Terrorist Financing Law of…
Legal precedent: Dr. Marina Himoni The intervention of the Supreme Constitutional Court was deemed necessary by virtue of Section 9(2)(c) of the Administration of Justice (Miscellaneous Provisions) Law of 1964 – Law No. 33/1964, on legal matters which arose from decision of the Court of Appeal and which are connected with the need for correct…
Dr. Marina Himoni Supreme Court issues a prerogative CERTIORARI writ annulling Mareva order preventing our Clients from using and/or transferring and/or withdrawing and/or alienating any assets and/or amounts up to the amount of US 170.000.000 Dr. Marina Himoni Factual/Procedural Background An interim Mareva Order (“the Interim Order”) was issued on an ex-parte basis on 07/08/2023…
Dr. Marina Himoni The above law has been the subject of amendment in December 2023 with the Sale of Land (Specific Performance) (Amending) Law of 2023 (L. 132(I) of 2023) which was published in the Official Gazette of the Republic of Cyprus on 12 December 2023. The Amending Law of 2023 is read together with the…
Court of Appeal cancelling non solicitation & disclosure injunction – reference made to the so-called Springboard Injunctions Dr. Marina Himoni The Plaintiff/Applicant has secured the issuance of non-solicitation and disclosure orders on an ex-parte basis and subsequently the orders were made absolute upon hearing. Our Law Firm has successfully appealed, on behalf of the Defendants/Respondents,…
The law firm of P.N. Kourtellos & Associates LLC, being in its second decade from its incorporation, is evolving and getting stronger. With the present, it announces the promotion of two lawyers from the law firm’s team, to Partners-Directors, thereby recognizing their ethos, upward professional development as well as their contribution to the law firm….
Dr. Marina Himoni The Cyprus Securities and Exchange Commission (CySEC) has announced on 13 May 2022 that the online platform for the Cyprus Beneficial Ownership Register of Express Trusts and Similar Legal Arrangements (“CyTBOR”) will be accessible to trustees as of 17/05/2022 and for all involved parties as of 17/06/2022. The creation and establishment of…
