CYPRUS: Applicability of the New York Convention on Arbitral Awards issued in Cyprus
In the recent case IGUASU ENTERPRISES LTD & ANOTHER –V- VOICE INTERNATIONAL LTD & ANOTHER, the District Court of Nicosia held that an arbitral award issued in an arbitration conducted in Cyprus, which was international and commercial, within the meaning of Article 2 of the International Commercial Arbitration Law (Law 101/87), was not a domestic award, but an international award, covered by the provisions of the New York Convention, and consequently able of being recognized, and enforced in Cyprus, as per the provisions of the New York Convention.
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