{"id":17633,"date":"2024-10-03T10:16:21","date_gmt":"2024-10-03T07:16:21","guid":{"rendered":"https:\/\/fzmayuxbif.wpdns.site\/?p=17633"},"modified":"2024-10-09T09:23:54","modified_gmt":"2024-10-09T06:23:54","slug":"marina-hadjisoteriou-partner-spoke-at-the-annual-iba-conference-in-mexico-city-which-took-place-between-15-20-september-2024","status":"publish","type":"post","link":"https:\/\/www.kyprianou.com\/de\/marina-hadjisoteriou-partner-spoke-at-the-annual-iba-conference-in-mexico-city-which-took-place-between-15-20-september-2024\/","title":{"rendered":"Marina Hadjisoteriou, Partner, spoke at the Annual IBA Conference in Mexico City, which took place between 15 \u2013 20 September 2024"},"content":{"rendered":"

Marina Hadjisoteriou<\/a>, Partner and Head of the Limassol Dispute Resolution,\u00a0had the privilege to join a panel set up by the IBA Asset Recovery Committee, aptly moderated by Tatiana Markel (Baker & Hostetler LLP, New York) to discuss the following topic:<\/p>\n

\u201cThe Key to Successful Recovery – Injunctive Relief and Precautionary Measures in Cross-Border Cases\u201d.\u00a0 With assets that are acquired in, or which find their way to, jurisdictions all across the globe, multi-jurisdictional asset recovery cases present unique legal and practical coordination challenges. From preservation of an asset to recovery, injunctive relief and precautionary measures are key to many successful cross-border asset recovery cases.<\/p>\n

Marina joined distinguished panellists from multiple jurisdictions for this dynamic session, including Alipak Banerjee (Nishith Desai Associates, <\/em>New Delhi), Paul Kennedy (Campbells, Cayman Islands) and Laure-H\u00e9l\u00e8ne Gaicio<\/a> (BSP, Luxembourg).<\/p>\n

In her presentation, Marina outlined that the long-awaited new Cyprus Civil Procedure Rules (new CPR) have been in force since 1 September 2023 and they have in essence replaced the old Civil Procedure Rules which were in force since the 1950s.<\/p>\n

The new CPR have specific provisions enabling parties to obtain freestanding interim measures (\u2018Black Swan type injunctions\u2019) even before the substantive proceedings are commenced and also after the issue of judgment (Part 25.2).<\/p>\n

Section 32 of the Courts Law, 14\/1960 was also amended in November 2023<\/a> to be in line with the new CPR, so that there is no doubt as to what orders the Cypriot courts can now issue.<\/p>\n

Part 25.1 of the new CPR expressly lists the numerous types of orders that the Cyprus Courts may now issue (which looks very similar to the UK Civil Procedure Rules, Part 25.1). Such orders are, amongst others:<\/p>\n