Supreme Court Directive on adjudication of claims related to credit facilities

The Supreme Court issued a directive on July 26, 2024, stating that for cases arising from or related to credit facilities, a relevant notice must be submitted to the registry of the court where the case is filed. This ensures that the case proceeds before a competent judge.

This directive follows the recent amendment to the Courts of Justice Law of 1960, Law No. 14/1960 (amending Law No. 152(I)/2023). The amendment mandates that claims related to credit facilities be adjudicated by specifically designated judges. This regulation was deemed necessary due to the backlog of such cases in the District Courts and is expected to contribute to a quicker and more effective dispensation of justice.

It is clarified that the notice must only be submitted for cases filed before December 2023, whose hearings have not yet begun.

Furthermore, according to a supplementary directive issued by the Supreme Court on July 29, 2024, the notice must be submitted by September 30, 2024.

For more information or any inquiries, please feel free to write to the members of the Harris Kyriakides Banking and Finance team or contact us at This email address is being protected from spambots. You need JavaScript enabled to view it.