Editorial & Advertiser disclosure

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

JUDICIAL INDEPENDENCE – CYPRUS RANKS 19TH IN EU

Published by Gbaf News

Posted on June 3, 2014

Featured image for article about Top Stories

Cyprus required 505 days to resolve litigious civil and commercial cases in 2010, based on the EU Justice Scoreboard released in March by the European Commission. The EU Justice Scoreboard serves as an information tool that presents objective, reliable and comparable data on the justice systems in the member states.

Cyprus registered the second highest rate Europe-wide besides Malta (800 days required), compared to Lithuania, with 50 days registered, and Austria and the Czech Republic, with 110.

As for the rate of judges participating in continuous training activities in EU Law, Cyprus ranked at 25% among 28 member states, compared with the highest in Ireland (135%), and the lowest in the Czech Republic of 5%.

Overall, Cyprus ranks 19th in the EU and 47th amongst 184 countries regarding perceived judicial independence.

The 2014 EU Justice Scoreboard collects data mainly provided by the Council of Europe Commission for the Evaluation of the Efficiency of Justice (CEPEJ). The 2014 Scoreboard focuses on litigious civil and commercial cases as well as administrative cases. Indicators taken into consideration, include:

Efficiency of justice systems: the length of proceedings, the clearance rate and the number of pending cases;

Quality: the compulsory training of judges, monitoring and evaluation of court activities, the budget and human resources allocated to courts and the availability of Information and Communication Technology (ICT) and of alternative dispute resolution methods (ADR);

Perceived independence of the justice system and how national justice systems are organised to protect judicial independence, e.g. legal safeguards against the transfer or dismissal of judges.

The judicial system in Cyprus is undergoing a subtle improvement with an active effort to divert small consumer claims out of the courtrooms and in the way of alternative dispute resolution, such as mediation. This move is expected to free court time, considerably.