Legal Alert | 30 April 2026

Interim Remedies Cyprus: The Importance of Utmost Good Faith

Successful discharge of interim orders issued ex parte in the context of a multi-shareholder corporate dispute before the District Court of Nicosia.

Furthermore, the judgment highlights the strict approach of the Cypriot Courts regarding the duty of full and frank disclosure at the stage of ex parte applications.

Interim Remedies Cyprus: Legal Strategy and Judicial Reasoning

Initially, the Applicants had obtained orders which effectively preserved the company’s management structure, alleging complete exclusion and an imminent risk of harm. Our legal team demonstrated that the granting of those measures was based on a selective and misleading presentation of the facts.

Main Grounds for Discharge

Failure to Disclose Access The Court held that the Applicants had concealed the fact that they had ongoing access to corporate documents and premises, a fact which undermined their allegations of “exclusion”.

Use of Inaccurate Financial Information It was demonstrated that the Applicants relied on outdated financial statements, despite being aware of the existence of corrected reports which reflected the true financial position of the company.

Refuting the Alleged Urgency It was proven that the documents relied upon to establish urgency were pre-dated drafts which had never come into effect.

Duty of Utmost Good Faith The Court reaffirmed that the concealment of the Applicants’ participation in management activities and business trips constituted a breach of the duty of full and frank disclosure — uberrima fides.

Duty of Full and Frank Disclosure

Legal Conclusion

Therefore, applying the requirements of Section 32 of Law 14/60, the Court concluded that the Applicants’ conduct rendered the continuation of the orders unjustified.

Impact of the Judgment

This judgment represents a vindication for our clients, as it:

This Interim Remedies Cyprus decision is particularly important for parties involved in urgent corporate disputes and ex parte applications.