Rejection of Stay Application in €55M Litigation

September 17, 2025

For any further information, please reach out to info@loizideslaw.com.cy or 00357 22 333 113

Our team represents claimants from Cyprus and England in high-stakes proceedings against a Cypriot company and its ultimate beneficial owner, with claims amounting to €55 million.

Within the action, a by summons interim application by the claimants has been heard and judgment is pending.

In parallel, the defendants sought to stay the proceedings by invoking Order 12 of the Civil Procedure Rules, alleging lack of jurisdiction. The Court, after carefully considering the parties’ submissions, found that the applicant failed to satisfy any of the conditions under Order 12 and decisively dismissed the application.