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3 Unif. L. Rev. n.s. 339 (1998)
The Enforcement of Foreign Arbitral Awards in Cyprus

handle is hein.journals/droit1998 and id is 343 raw text is: The Enforcement of Foreign Arbitral Awards in Cyprus Kypros Chrysostomides * I. - GENERAL OBSERVATIONS An arbitral award, unlike a judgment of a competent Court, cannot be enforced imme- diately. The successful party in arbitration must seek the intervention of the Courts in order to convert the award into a judgment or an enforceable order. Only then can execution be levied. The present remarks will focus on the various problems, procedural and other, facing a party which has been successful in obtaining an arbitral award outside Cyprus, when seeking to have it recognised and/or enforced in Cyprus.1 Before looking at those problems in detail, we should first of all identify the legal framework, that is, the relevant enactments and rules which govern the enforcement of foreign arbitral awards in Cyprus. The Arbitration Law, i.e. Chapter 4 of 6 January 1944,2 does not concern us here today, except for purposes of comparison of its provisions with those of the more modern legislation on international arbitration which has been enacted in the meantime. However, the Rules on Arbitration which were enacted pursuant to section 30 of Chapter 4 are important because in the absence of any other specific rules, they appear to apply to foreign arbitral awards as well. These rules stipulate that: 'The Rules of Court applicable to proceedings under this Law are the Civil Procedure Rules. 3 Cyprus's arbitration landscape has been enhanced with two other enactments: (a) Law 84 of 1979 - which ratified the well-known New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards;4 • Dr. jur., University of Bonn (Germany); advocate in Nicosia (Cyprus); former member of the Secretariat of the European Commission of Human Rights of the Council of Europe, Strasbourg (France). This contribution is dedicated to the memory of Malcolm Evans, late Secretary General of UNIDROIT. 1 REDFERN-HUNTER-SMITH, Law and Practice of International Commercial Arbitration, 2nd ed. 1991, pp. 447-449, where it is attempted to define the two terms, 'enforcement and recognition'. 2 The Statute Laws of Cyprus, 1959 revised edition, Chapter 4. 3 Subsidiary Legislation of Cyprus, Vol. II, Chapter 5. 4 Cyprus Official Gazette, 1979, Annex I, pp. 1115 ff., containing the full text in English as well. RDU 1998-213 339

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