CYPRUS: Cyprus Courts have jurisdiction to grant discovery orders of a Norwich Pharmacal type or of a Bankers Trust type, in aid of pending foreign proceedings or for the commencement of future foreign proceedings.
In a recent case, which was handled by our lawfirm, a Cypriot First Instance Court, decided to issue discovery orders of a Norwich Pharmacal type and a Bankers Trust type, against a Cypriot Bank, to assist the Plaintiffs, who were allegedly, the victims of wrongdoings, in order to enable them to identify other wrongdoers, to trace their stolen assets and to plead and prove their case.
The Court granted leave to the Plaintiffs to use the disclosed information and documentation, in pending proceedings in England, as well as in any future proceedings to be filed in any part of the world, for the purpose of tracing their stolen assets and to plead and prove their case.
For further information on this topic please contact Mr. Soteris Pittas at SOTERIS PITTAS & CO LLC, by telephone (+357 25 028460) or by fax (+357 25 028461) or by e-mail (spittas@pittaslegal.com).
Source: Soteris Pittas & Co L.L.C.
Published on 17 January, 2013
