FIRE Magazine Issue 9 - FIRE International 2022 Vilamoura Edition

Page 92

ThoughtLeaders4 FIRE Magazine • ISSUE 9

SUBSTITUTED SERVICE OF PROCEEDINGS UPON FOREIGN DEFENDANTS THROUGH THEIR LAWYERS WITHIN THE CYPRUS JURISDICTION

Authored by: Antonia Argyrou - N. Pirilides & Associates Service of proceedings upon foreign defendants may turn from a straightforward process into a demanding marathon race, usually challenging and questioning the dynamics of both the bilateral treaties concluded between states, concerning the service of legal proceedings, as well as the national laws of each state relating to the matter of service. Such demanding - and frequently long outstanding – proceedings inevitably assist any wrongdoers, especially fraudsters, against whom legal proceedings are initiated in Cyprus, providing the said wrongdoers or fraudsters with sufficient time for the alienation of their assets or the dissipation of the proceeds of the fraud itself.

On the 24th of January 2022 the Supreme Court of Cyprus issued an unprecedented judgment in the case of CONTENT UNION SA v. CJSC “TV COMPANY STREAM” and others, Civil Appeals no. Ε96/2018 and Ε97/2018 on the matter of substituted service of an action upon Cypriot lawyers that used to represent various foreign defendants/respondents in the context of interlocutory proceedings for the issue of interim injunctions.

More particularly, the plaintiffs filed an action against, inter alia, 3 Russian defendants, as well as an interim application for interlocutory injunctions against the latter. The interlocutory injunctions were issued ex-parte and the Russian defendants/respondents, who got informed about the said injunctions issued against them, appeared before the District Court via Cyprus lawyers to defend themselves in the context of the aforesaid interim proceedings. Upon the completion of the interim proceedings, the plaintiffs filed an exparte application and a Court Order was issued for the service of the Cyprus action upon the defendants through the diplomatic channels, on the basis of the provisions of the Treaty between the Republic of Cyprus and the Union of Soviet Socialist Republics on Legal Assistance in Civil and Criminal Matters

92


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Articles inside

Regulating anthropogenic climate change with tort law

12min
pages 96-101

Substituted service of proceedings upon foreign defendants through their lawyers within the Cyprus jurisdiction

5min
pages 92-95

60-Seconds with: Josephine Davies

2min
pages 89-91

A new Swiss §1782? Article 185a PILA and the assistance of Swiss courts in support of foreign arbitral evidentiary proceedings

5min
pages 87-88

Private prosecutions & economic crime: A route to justice for victims

6min
pages 82-86

60-Seconds with: Lucy Pert

2min
pages 76-77

Sanctions and the problem with trusts

5min
pages 78-81

Weaponizing the financial system brings money laundering risks

5min
pages 73-75

Fortification for damages in freezing injunctions: Out with the old, in with the new?

9min
pages 66-69

Tracing cryptocurrency and the English court’s power to compel disclosure from foreign respondents

6min
pages 70-72

60-Seconds with: Nicola Boulton

1min
page 59

The era of mobile spyware

11min
pages 62-65

Pleading the fifth (in England & Wales

6min
pages 56-58

Service of process abroad: no international agreement? No problem. Rely on FRCP 4(f)(2) & (3

13min
pages 48-52

60-Seconds with: Sophia Purkis

1min
pages 45-47

Looking back from 2030

5min
pages 41-44

An investigative approach to non-performing loan recovery: the wood, the trees and the low-hanging fruit

5min
pages 53-55

60-Seconds with: Jude D’Alesio

5min
page 40

The International Law Book Facility Essay Competition

3min
page 37

The Judging Panel

1min
pages 38-39

The impact of Russia sanctions on BVI legal and insolvency practitioners

6min
pages 32-36

Receivership: Draconian or now versatile?

7min
pages 7-10

Personal and cross-border insolvency in India

3min
pages 21-23

The case of the missing diamonds: A best-practices primer in multijurisdictional asset recovery

6min
pages 26-28

Quincecare: A panacea for victims of APP Fraud?

7min
pages 13-16

Freezing oligarchs’ assets: yes, but

6min
pages 17-20

Developments in the UAE

6min
pages 4-6

jurisdiction for claims which relate to economic loss finally been resolved?

5min
pages 29-31

60-Seconds with: Lucy Colter

2min
pages 11-12
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