Chairman of Bar Association, Doros Ioannides criticized strongly the chaotic condition in the Cyprus courts, stressing that the huge delays in the hearing of 80 thousand pending cases in the Supreme and District Courts is attributable to the bad state infrastructure.
In his interview to StockWatch, Mr. Ioannides talked about antiquated procedural institutions, buildings that disgrace justice and insufficient economic incentives to the judges. “We lag behind in the sector of justice”, he noted.
According to Mr. Ioannides, the lawyers expect “everything” from the state. “Justice is the only sector that has not been given money. It has not been appreciated”, he said.
Mr. Ioannides supported that in order to solve the problems in the sector, the judicial power must receive higher salaries so that the state has the opportunity to choose the best judges. At the current stage, a lawyer that has his/her own law office does not close it to become a judge. The remuneration is not an incentive”, he added.
“Also, Cyprus is the only country that has not a third degree justice. There is a need for a third degree justice so that citizens have more confidence in justice”, Mr. Ioannides emphasized.
It is worth noting that international credit rating firm, Moody’s, rated the island’s legal system with an “E”.
In his interview, Mr. Ioannides also referred to the off-shore companies and the delays in the Companies’ Superintendent’s Office. “The Superintendent has not met the state’s needs so far. The improvements in the Office are almost inexistent”, he said.
“Despite the problems, the inflow of foreign capital continues, while no influx of capital has been observed despite the global crisis”, he said. It is noted that the top priority is to settle the issue with the Russian black list, which is important for Cyprus’s reputation as a financial hub.
In his interview to StockWatch, Mr. Ioannides talked about antiquated procedural institutions, buildings that disgrace justice and insufficient economic incentives to the judges. “We lag behind in the sector of justice”, he noted.
According to Mr. Ioannides, the lawyers expect “everything” from the state. “Justice is the only sector that has not been given money. It has not been appreciated”, he said.
Mr. Ioannides supported that in order to solve the problems in the sector, the judicial power must receive higher salaries so that the state has the opportunity to choose the best judges. At the current stage, a lawyer that has his/her own law office does not close it to become a judge. The remuneration is not an incentive”, he added.
“Also, Cyprus is the only country that has not a third degree justice. There is a need for a third degree justice so that citizens have more confidence in justice”, Mr. Ioannides emphasized.
It is worth noting that international credit rating firm, Moody’s, rated the island’s legal system with an “E”.
In his interview, Mr. Ioannides also referred to the off-shore companies and the delays in the Companies’ Superintendent’s Office. “The Superintendent has not met the state’s needs so far. The improvements in the Office are almost inexistent”, he said.
“Despite the problems, the inflow of foreign capital continues, while no influx of capital has been observed despite the global crisis”, he said. It is noted that the top priority is to settle the issue with the Russian black list, which is important for Cyprus’s reputation as a financial hub.
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