Christos Paraskevas LLC law firm successfully obtained a disclosure order (Norwich Pharmacal order) by Cyprus Courts in aid of foreign proceedings in a complex cross border legal case

Recently our firm Christos Paraskevas LLC and our managing partner Christos Paraskevas, represented a reputable Canadian group of Companies in a complex cross border legal case before the Cyprus Courts, which involved important legal issues of Cyprus Commercial law, particularly pertaining to the issuance of a disclosure order, known as a Norwich Pharmacal order, in support of foreign proceedings.

In that case, a disclosure order (Norwich Pharmacal) was requested by our firm and issued by the Cyprus court, ordering opposing parties residing in Cyprus, to disclose certain important information and documents. The opposing parties objected the request of our firm for the issuance of a disclosure order, but the court did not sustain their objections and accepted our position that even in cases where the matter under consideration was not a clear fraud case but that of an alleged breach of a contract and breach of fiduciaries duties and where there are no other legal means to secure vital documents and information, a disclosure order can be granted by the Cyprus Court. Further the Court issued an amending order so our clients could submit and use the disclosed documents and information as evidence on two pending Actions before the Canadian Courts.

This case highlights a very important aspect of Cyprus Commercial law in relation to the issuance of a Norwich Pharmacal order in aid of foreign proceedings not only in cases involving  fraud but also in cases of a breach of a contract and breach of fiduciaries duties and that the Cyprus Courts under certain circumstances have the jurisdiction to issue such an order where there are no other legal means to secure vital documents and information.