Hope is fading for burned depositors
Eleven years plus after the devastating bank bail-in of 2013, the clock is ticking for those still seeking restitution. The statute of limitations already expired years ago. Meantime one after another ...
Yet another 2013 deposit ‘haircut’ case fails
Nicosia district court has dismissed a lawsuit against the state, the Central Bank and the Bank of Cyprus over the 2013 ‘haircut’ on deposits, the attorney-general’s office stated on Monday.
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Bondholders hope for compensation payouts in 2024 after 2013 financial meltdown
Bank bondholders who saw their assets wiped out in the 2013 financial meltdown said on Thursday they hope that compensation payouts can finally begin next year.
They made the comments after ...
Court dismisses latest 2013 haircut crisis claims
The District Court of Nicosia dismissed a case brought against the Bank of Cyprus, the Central Bank and the Republic of Cyprus for the haircut on deposits during the financial ...
Those who sued central bank over 2013 crisis could have legal fees slashed
Individuals or entities who sued the Central Bank of Cyprus (CBC) over bonds linked to Bank of Cyprus or former Laiki bank relating to the 2013 financial crisis may be entitled ...
Court dismisses depositors’ case against Bank of Cyprus
The Nicosia District Court threw out a case on Wednesday brought against the Bank of Cyprus for the haircut on depositors’ savings in 2013, an announcement said.
In their decision, the ...
Edek welcomes court ruling in favour of bondholder
Socialist party Edek on Monday welcomed a recent court ruling in favour of a bondholder whose life savings got wiped out during the 2013 financial meltdown.
In a statement, the party ...