Abstract.We propose an efficient two-party public key cryptosystem that is secure against adaptive chosen ciphertext attack, based on the hardness of Decision Diffie-Hellman (DDH). Specifically, we show that the two parties together can decrypt ciphertexts, but neither can alone. Our system is based on the Cramer-Shoup cryptosystem. Previous results on efficient threshold cryptosystems secure against adaptive chosen ciphertext attack required either (1) a strict majority of uncorrupted decryption servers, and thus do not apply to the two-party scenario, or (2) the random oracle assumption, and thus were not proven secure in the "standard" model.