Republic of Cyprus Law: Engaging Litigation Finance Across Europe, UK

[Gunnar Larson]

Check out my new article:
https://litigationfinancejournal.com/republic-of-cyprus-law-engaging-litigation-finance-across-europe-uk/


Republic of Cyprus Law: Engaging Litigation Finance Across Europe, UK

Public policy from the Republic of Cyprus has evolved to support the use of
litigation finance and third party investment. A judge in Cyprus has
recognized litigation agreements from all European Union countries, the
United Kingdom and common law jurisdictions. Litigation Finance Journal has
collated 11 highlights to the new policy out of Cyprus.

The January 2022 case
<https://drive.google.com/file/d/179IOGc0oTRDmiPtI3exJKOO92cuXhPf5/view?usp=sharing>
from
the District Court of Larnaca cites the Kazakhstan Kagazy claim. The judge
followed Brussels Regulation, ruling that Cyprus law recognizes litigation
finance agreements originating from all European Union member countries.
Cyprus also now recognizes third party agreements from the United Kingdom
and other common law jurisdictions.

Cyprus has been home to disputes since the middle ages, giving birth to a
well-known legal precedent: champerty. With the Republic of Cyprus’
recognition of litigation investment, Cyprus is now taking the proper steps
to ensure access to justice for those who couldn’t otherwise afford it.
-- 
*Gunnar Larson - xNY.io <http://www.xNY.io> | Bank.org <http://Bank.org>*
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G at xNY.io
+1-646-454-9107
New York, New York 10001
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