During a Divorce process in Cyprus, the Family Courts are able to grant exclusive use of the home or matrimonial possessions but absolute settlements of matters concerning property disputes need to be dealt with by means of separate applications.
In Cyprus, the Law Regulating Property Relations of Spouses (Law 232,1991) provides the settlement provisions after the breakdown. The main provisions of the law are:
- In the event of dissolution or annulment of a marriage and in the event that the property of one spouse has been increased during the wedding and this increase has been contributed to in any way the other spouse then the contribution is presumed to be 1/3 of the increase, unless a larger or smaller contribution may be proved.
- The financially stronger spouse may be ordered for maintenance of the other spouse depending to the other spouse's employment (if any), age and medical needs as well as to children's needs. The amount of maintenance will depend on the financial strength of the stronger spouse as well as on the needs of the other spouse and their Child or Children if any.
For more details as to how can we help you, please contact us now.
Finances on separation is a question that always arise which may either be dealt with through straightforward negotiations between the two partners or may end up in complex and long Court proceedings.
In either case, our experienced lawyers will guide you through on each stage involved and try to minimize conflict and process.
We aim in settling these upsetting for both parties' disputes on the most fair and amicable way and we are sensitive in avoiding unnecessary conflicts with the other spouse or his/her lawyers.
- A.P. v. E.P.: Represented A.P., a local businessman, in a divorce case in Cyprus. The primary contention was a disputed property in Limassol and an offshore account in the Cayman Islands. The case also involved challenging issues of international jurisdiction due to E.P.’s dual citizenship
- Z.A. v. N.A.: In a custody battle between a Cypriot father (Z.A.) and our client an Australian mother (N.A.), both sought primary custody of their dual-citizen child of 6 years old. During arguments over habitual residence, cultural upbringing, and financial stability, the court eventually ruled for a joint custody arrangement, following agreement by the parties, with the child to be spending the school year in Cyprus and holidays in Australia with a personal bank guarantee in Cyprus by our client that she will be sending the child back
- A.G. v. H.T.: Counseled A.G., a Cyprus native, in her divorce from H.T., a British expatriate. The key issue revolved around the custody of their twin daughters and shared properties in Cyprus and the UK
- D.K. v. M.K.: Assisted D.K. in divorce proceedings, where complications arose over financial differences which included undisclosed assets in Switzerland
- E.R. v. S.N.: Represented E.R., an Australian national living in Cyprus, in a divorce that required extensive negotiations on child custody and shared properties in Limassol as well as in the UAE
- I.S. v. F.S.: Acted on behalf of F.S. in a divorce case involving multi-million-euro properties in both Cyprus and Moscow, Russia. The challenge was the division of these assets and establishing the primary residence for their teenage daughter
- O.S. v. S.S.: Represented O.S., a local businessman, in his divorce from S.S. Proceedings primarily revolved around child support, alimony, and their shared luxury villa in Limassol
- V.I. v. D.I.: Acted for D.I., a Russian HNWI, in a high-profile divorce involving assets across Cyprus, Russia, France and Switzerland. Legal complexities arose due to a shared family business in Russia and multiple real estate properties in Moscow, France, Italy and Switzerland. The case involved multiple injunctions to which we, AGP Law, representing our client, have succeeded on all of them whether in district or Supreme court level
- V.K. v. A.Z.: Representing A.Z., a Russian HNWI, in his divorce with V.K. The couple owned a private jet which turned out to be a business asset, which became a significant contention point. Furthermore, they had vast assets, including a beachfront property in S. France. The applicant applied for and obtained an interim prohibitory injunction against our client, not to alienate any assets which directly or indirectly belonged to our client’s companies incorporated in Cyprus.
