Uliana Cooke, legal consultant

A BIT of bother for Cyprus

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  • One problem, though - the Russia/Cyprus BIT has not entered into force...

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  • Indeed, the Treaty has not been ratified by either of the two States despite of them both signing it in 1997.

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  • Interesting article. I would imagine the treaty is probably unlikely to be ratified soon, given the current political context. However, it has retrospective effect back to 1987 - so if and when it is ratified then today's investors will accrue rights. Just one more facet of the complex position Cyprus finds itself in....

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