Supreme court backs House over foreclosure bills (Updated)
The supreme court full bench on Wednesday ruled that two bills passed relating to foreclosures were constitutional while a third on bank contract clauses was...
foreclosures
Coronavirus: suspension of foreclosures extended until August 31
The suspension of foreclosures has been extended until August 31, the association of banks said on Friday. In a statement, the association outlined that the...
Coronavirus: Foreclosures suspended until June 30
The state asset management company Kedipes said Friday it was suspending foreclosure procedures until June 30, in line with a government request. In a statement,...
Supreme Court won’t vote on contentious bills until next year
The supreme court on Tuesday set March 3, 2020 as the date on which it will hear arguments for and against the president’s veto of...
Finance minister to brief MPs on Estia, foreclosures
Finance Minister Haris Georgiades will inform the House finance committee on Monday about the Estia scheme to help those with non performing home loans as...
Supreme court to convene on foreclosures on September 24
The supreme court will convene on September 24 to deal with three pieces of legislation on foreclosures that the president vetoed. The bills in question...
Minister chides MPs over sloppy repo bill
Parliament’s enactment last week of a bill impacting foreclosure procedures was ‘sloppy’, Finance Minister Harris Georgiades said on Monday, hinting that the legislative proposal may...
Protestors put pressure on MPs over foreclosures amendment
Up to 100 protesters gathered outside parliament on Friday morning while an extraordinary House plenum session was underway inside to vote on a second veto...
MPs gather for crucial foreclosures vote
With parliament about to vote on Friday on a second presidential veto on changes to the law of foreclosures, members of the anti-foreclosures association are...
Stark warning from ECB over any changes to law on foreclosures (Updated)
The European Central Bank (ECB) has warned that changing the foreclosures law would have a significant negative impact on the island’s banking system, MPs heard...
Our View: President should let Supreme Court decide on foreclosures
HAVING had the big dangers posed to the banking sector and the economy by the foreclosures bills clearly explained to them by the finance minister...
Parliament rejection of presidential veto unlikely to have teeth
Parliament’s rejection on Monday of a presidential veto on a bill aiming to freeze home repossessions until October may prove pointless given that banks have...
House postpones crucial foreclosures vote despite top banker’s warnings (Update 2)
Parliament on Monday rejected one of two presidential vetoes relating to changes to foreclosures legislation, while voting to postpone voting on the other veto. In...
House president heckled as MPs delay vote on home repossessions (Updated)
House president Demetris Syllouris faced a crowd of implacable protesters on Monday after parliament decided to postpone voting on the president’s vetoing of a bill...
MoUs signed with banks ahead of Estia kick-off
The government on Friday signed a Memorandum of Understanding (MoU) with banks and credit buyers for the implementation of the Estia debt relief scheme, which...
Our View: When will MPs realise they can’t rule the markets?
Disregard for the workings of the market has always been embraced by a large number of our politicians. This was evident once again listening to...
Foreclosures row could now end up in Supreme Court
President Nicos Anastasiades on Tuesday informed parliament that the two bills recently passed amending foreclosures legislation have been found to be unconstitutional as both he...
President vetoes ‘negative’ foreclosures changes (update)
President Nicos Anastasiades on Friday vetoed bills passed by the opposition rendering the foreclosures legislation ineffective and raising the risk of downgrades for the island’s...
President set to veto foreclosure bills, as Moody’s warns of negative effects (updated)
President Nicos Anastasiades is obliged to veto two bills passed by opposition parties amending foreclosure legislation, a government source said on Thursday, as Moody’s rating...
Cyprus may face consequences over foreclosure changes, Georgiades says
Finance Minister Harris Georgiades warned Monday Cyprus may have to face consequences over the parliament’s decision to amend the law on foreclosures, effectively slowing down...
