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The Cyprus Chamber of Commerce and Industry (CCCI) was founded in 1927 and is the federation of the local Chambers of Commerce and Industry operating in Nicosia, Limassol, Famagusta, Larnaca and Paphos. The CCCI offers a wide range of services to the business community. One of its newest services is the Mediation Service that was established and came into operation in September 2013 after the enactment of the Mediation Law of the Republic of Cyprus in November 2012. The Mediation Service of the Chamber uses the services of highly qualified and officially registered mediators. The official registry of mediators is kept by the Ministry of Justice and Public Order. The Mediation Service of the Chamber has a well-developed set of rules and procedures concerning both the conduct of Mediation, the responsibilities of the mediators and a predefined scale of charges. Moreover it has developed a model clause for the inclusion in contracts/agreements while its mediators abide by the European Code of Conduct for Mediators.
The Mediation Law "Law providing for certain mediation issues in civil disputes", concerns both domestic and cross-border Mediation and provides inter alia the procedure and the prerequisites for the official registration of mediators, the mediation process, the duties of the mediator, the necessary training for mediators, the construction of the mediation agreement and the enforceability of the agreement. An English translation of the Law will soon be provided.
The Chamber Mediation Service has a set of well-developed rules that are based on the Mediation Law. The parties apply for Mediation and select a mediator from the list of the Chamber Mediation Service mediators while full confidentiality is ensured.
Fees start from € 300 per case and go up to 2% of the dispute amount with a minimum charge of € 16.000 per case where the dispute amount exceeds the sum of € 500.000.
The Mediation Service of the Chamber uses the services of highly qualified and officially registered mediators. A list of these mediators is kept at the Mediation Service of the Chamber and is put at the disposal of parties who submit a Mediation request to the Chamber Mediation Service.