Home / CY AIFM Law of 2013 / PART VII – SPECIFIC RULES IN RELATION TO THIRD COUNTRIES / Section 56 - Applicable Law in case of disputes arising regarding the application of sections 49 to 55.

Applicable Law in case of disputes arising regarding the application of sections 49 to 55.

56.-(1) Any dispute arising between the Commission, as the competent authority of the Republic, which is the Member State of reference of the non-EU AIFM and the AIFM shall be settled in accordance with the applicable law of and subject to the jurisdiction of the Republic.

(2) Any disputes between the non-EU AIFM or the AIF and EU investors of the relevant AIF shall be settled in accordance with the applicable law of and subject to the jurisdiction of the Republic, so long as the Republic has been indicated as the Member State of reference of the AIFM.