CYPRUS: Does the principle of res judicata apply to arbitral awards?

In the case of Cruz City 1 Mauritius Holdings v Arsanovia Limited, the Applicants filed an application for the registration and the enforcement of an arbitral award. The Respondents had filed their opposition relying on the principle of res judicata since the particular award had been enforced in an earlier proceedings before the Courts of Cyprus. It is worthy to note that during the previous proceedings the Court had dismissed the application for registration etc, on the grounds that the Applic