Court clarifies application of Article VI of New York Convention


In Dr Walter Hoft ν Coraline Limited (Petition 11/2017), the applicants applied to the Limassol District Court for the recognition and enforcement of an arbitral award dated 13 June 2017 and issued by the Arbitration Institute of the Stockholm Chamber of Commerce. On 15 December 2017 the Cypriot court issued an interim judgment explaining the procedural steps and circumstances in which Article VI of the New York Convention had been applied. This article's application has seldom been examined by the Cypriot courts.

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