The Legal Framework for Arbitration
General Information
UNCITRAL Model-Law based: Yes.
Legal Provisions: (i) Domestic Arbitration: Arbitration Law, Chapter 4 of the codified laws of Cyprus; English translation provided on the website dedicated to the New York Convention, and (ii) International Arbitration: International Commercial Arbitration Law 101/1987, as amended.
Arbitral Institutions
Cyprus Chamber of Commerce and Industry (CCCI)
Cyprus Eurasia Dispute Resolution and Arbitration Centre (CEDRAC)
Multilateral Conventions
New York Convention: Yes (ratification/accession: 29 December 1980); reservations: The Republic of Cyprus will apply the Convention, on the basis of reciprocity, to the recognition and enforcement of awards made only in the territory of another Contracting State; furthermore it will apply the Convention only to differences arising out of legal relationships, whether contractual or not, which are considered as commercial under its national law.
European Convention: No.
ICSID Convention: Yes (ratification/accession: 25 November 1966).
Energy Charter Treaty: Yes (ratification/accession: 2 January 1998).
Last updated February 2019