The Legal Framework for Arbitration in Cyprus

General Information:

• UNCITRAL Model-Law based: Yes
• Legal Provisions: Domestic Arbitration: Arbitration Law, Chapter 4 of the codified laws of Cyprus; International commercial arbitration: Law 101 of 1987 (International Arbitration in Commercial Matters Law of 1987).

Multilateral Conventions:

• New York Convention: Yes (ratification/accession: 29 December 1980); reservations: reciprocity; commercial disputes.
• European Convention: No.
• ICSID Convention: Yes (ratification/accession: 25 November 1966); reservations: none.
• Energy Charter Treaty: Yes (ratification/accession: 2 January 1998); reservations: none.

Arbitral Institutions:

• Arbitration Service of the Cyprus Chamber of Commerce and Industry