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DISTRICT COURT REJECTS PUBLIC POLICY ARGUMENT AGAINST RECOGNITION OF ARBITRAL AWARD

April 05 2019

In a recent case before the Limassol District Court, the applicants applied for the recognition and enforcement of an arbitral award that had been issued by the Vienna International Arbitral Centre Chamber of Commerce and Industry Arbitration. The dispute concerned whether termination of an investment management agreement between the applicants and the respondents after the respondent had failed to make the agreed payments as they fell due was valid.


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