Noted, that the doctrine of equity is applicable in Cyprus by virtue of section 29 of Courts of Justice Law (Law 14/60).
June 23, 1975, Mareva injuction is essentially the offspring of equity.
The freezing injuction restrains a defendant from dealing with or disposing of or removing from the jurisdiction any or all of his assets to prevent their dissipation.
6  the court held in that instance that the jurisdiction to grant a Mareva injuction depends on the unlimited jurisdiction of the English court in personam against any person who is properly made a party to proceedings.
Turning to the internal legal order the Supreme Court of Cyprus readily adapted the Mareva injunctions.
An extra territorial extension of Mareva injunction, was considered not only oppressive to the defendant but difficult to enforce as well in that case.