In April 2023, the EU and Ukraine entered into a treaty, establishing mutual recognition and enforcement of court decisions with each other. Cyprus, as member of the European Union since 2004, has adapted the Judgement Convention, formally known as the Convention on Jurisdiction and the Recognition and Enforcement of Judgments in Civil and Commercial Matters.
EU and Ukraine's treaty on mutual recognition and enforcement of court decisions started as of 1st September 2023. In this article, we explore the significant legal impact of this treaty in regard to Cyprus-Ukraine relations.
One of the most significant impacts of the Judgement Convention on Cyprus and Ukraine is the seamless cross-border enforcement of judgments. This convention ensures that judgments obtained in Ukrainian courts can be recognized and enforced in Cyprus as well as all EU Member States and vice versa. This provision is especially vital for Ukrainian citizens and business as it simplifies the process of pursuing claims and recovering debts across borders.
For Ukraine citizens and businesses, the Judgement Convention streamlines the resolution of cross-border disputes. Whether it involves contractual matters, debt recovery, or other civil and commercial issues, the convention simplifies the process. This efficiency not only saves time but also minimizes the financial burden on litigants.
Our legal team at George C. Stylianou Law Office with expertise in the inner working of the Cypriot legal system in combination with our Global legal cooperation, ensures to assist in the process of pursuing claims and recovering debts across borders as well as Cyprus.
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