01763cas a2200241 a 4500 AALejournalIMF018122 230101c9999 xx r poo 0 0eng d 5.00 USD 9781484332757 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. European Dept. Cyprus : Selected Issues. Washington, D.C. : International Monetary Fund, 2017. 1 online resource (46 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper analyzes the economic effects of weak claims enforcement for Cyprus. Claims enforcement in Cyprus is considerably less efficient than in most European Union countries. The banking crisis, which led to a spike in the number of pending litigious civil and commercial cases, could be a factor in the low enforcement efficiency. For Cyprus, piecemeal reform of the enforcement framework may have limited success, and a wholesale review is likely needed. Adding updated components may not fit well with the underlying civil procedure. Instead a comprehensive review, with a focus on limiting case suspensions allowed under interim applications and considering an alternative compensation basis for lawyers should be considered. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2017/376 Full text available on IMF http://elibrary.imf.org/view/journals/002/2017/376/002.2017.issue-376-en.xml IMF e-Library