Cyprus Arbitration

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 Cyprus Arbitration

Cyprus is a Contracting State to the ICSID Convention:

  • Signature: 9 March 1966
  • Deposit of Ratification: 25 November 1966
  • Entry into Force: 25 December 1966
  • Pursuant to Article 54(2) of the ICSID Convention, Cyprus has designated “District Court, Nicosia” as competent for the recognition and enforcement of ICSID awards.
  • Pursuant to Article 69 of the ICSID Convention, Cyprus enacted the Council of Ministers Decision No. 5331 of January 20, 1966 (Off. Gaz. 532, October 27, 1966); Law No. 64 of 1966 on approval of Convention by the House of Representatives (Off. Gaz. 532, October 27, 1966) to make the Convention effective in their jurisdiction.
  • Pursuant to Article 13(1) of the ICSID Convention Cyprus has made the following panel designations effective until 13 February 2009:
    - Amb. Andreas J. JACOVIDES: Past Member, International Law Commission
    - Mr. Petros KLERIDES: Attorney-General
    - Mr. Lazaros LAZAROU: Accountant-General
    - Mr. Georgios PIKIS: President, Supreme Court

Cyprus is a Contracting State to the New York Convention:

  • Date of Accession: 29 December 1980
  • Entry into Force: 29 March 1981
  • Cyprus will only apply the New York Convention to the recognition and enforcement of awards made in the territory of another contracting state & only to differences arising out of legal relationships, whether contractual or not, that are considered commercial under their national law

Cyprus is not a Contracting State to the 1899 Convention for the Pacific Settlement of International Disputes:

  • Entry into Force: N/A

Cyprus is a Contracting State to the 1907 Convention for the Pacific Settlement of International Disputes:

  • Entry into Force: 12 November 1993 

Cyprus enacted legislation based on the UNCITRAL Model Law on International Commercial Arbitration as adopted in 1985 and is therefore now popularly considered to be an UNCITRAL Model Law State

Cyprus is a United Nations Member State:

  • Date of Admission: 20 September 1960 

Official State Name: Republic of Cyprus - Kıbrıs Cumhuriyeti - Kypriakí Dimokratía Κυπριακή Δημοκρατία

Official Languages: Greek, Turkish

Capital: Nicosia (Λευκωσία, Lefkoşa)

Currency: Euro (EUR)

Time Zone: EET (UTC+2)

International Calling Code: +357

Internet TLD: .cy

Location of  Cyprus  (green)in the European Union  (light green)  —  [Legend]

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