In the fiercely developing international trade and commerce and the globalization that our generation has lived to experience, the speedy and efficient resolution of disputes in business relationships was never more important and necessary. Hence many opt for Arbitration as a method of dispute resolution particularly since it is cost effective, confidential and there is the option to determine the decision maker being the arbitrator and his or her level of expertise and knowledge.
Besides the above a critical decision for parties is the choice of jurisdiction particularly the forum to choose. In terms of choosing Cyprus as the jurisdiction, the following are some if its benefits:
(i)Ideal Geographical Position;
(iii) Cyprus is a member state of amongst others the New York Convention hence the framework is adequate.
For further information on this topic please contact Ms. Nada Starovlah (firstname.lastname@example.org) at SOTERIS PITTAS & CO LLC,
by telephone (+357 25 028460) or by fax (+357 25 028461)