During a Divorce process in Cyprus the Family Courts are able to grant exclusive use of the home or matrimonial possessions but absolute settlements of matters concerning property disputes need to be dealt with by means of separate applications.
In Cyprus, the Law Regulating Property Relations of Spouses (Law 232,1991) provides the settlement provisions after breakdown. The main provisions of the law are:
- In the event of dissolution or annulment of a marriage and in the event that the property of one spouse has been increased during the wedding and this increase has been contributed to in any way the other spouse then the contribution is presumed to be 1/3 of the increase, unless a larger or smaller contribution may be proved.
- The financially stronger spouse may be ordered for maintenance of the other spouse depending to the other spouse's employment (if any), age and medical needs as well as to children's needs. The amount of maintenance will depend to the financial strength of the stronger spouse as well as on the needs of the other spouse and their Child or Children, if any.
For more details as to how can we help you, please contact us now.
Finances on separation is a question that always arise which may either be dealt with through straightforward negotiations between the two partners or may end up in complex and long Court proceedings.
In either case, our experienced lawyers will guide you through on each stage involved and try to minimize conflict and process.
We aim in settling these upsetting for both parties' disputes on the most fair and amicable way and we are sensitive in avoiding unnecessary conflicts with the other spouse or his/her lawyers.