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 ...
Averof urges restitution for 2013 bank ‘haircut’ victims
Disy MP Averof Neophytou on Tuesday called on other parties to quickly adopt and pass through the legislature a proposal affording partial restitution to those who saw their bank savings ...
Court dismisses lawsuits over 2013 Laiki Bank haircut
Limassol district court dismissed on Thursday four consolidated lawsuits against the now-defunct Laiki Bank of Cyprus, the Central Bank of Cyprus, and the Republic of Cyprus concerning the 2013 haircut.
The ...
Attorney-general appeals court ruling on Laiki Bank depositors’ compensation
The attorney-general’s office said Thursday it has appealed a ruling by Limassol district court that found in favour of depositors with now-defunct Laiki (Popular) Bank whose uninsured savings got ...
MPs sceptical over ministry’s move to ex-Laiki Bank HQ
MPs raised concerns on Monday regarding the government’s plan to move the foreign ministry temporarily to the former Laiki Bank building while its current headquarters undergoes renovations.
The concerns ...
Foreign ministry to move to former Laiki Bank head quarters
The foreign ministry is to temporarily move to the former Laiki Bank head quarter in Strovolos, according to reports.
Subject to final approval from the Strovolos municipality, the government is ...
Limassol court awards €5.7 million to Laiki Bank depositors
A Limassol court this week found in favour of a group of depositors with now-defunct Laiki (Popular) Bank who saw their savings wiped out in the March 2013 ‘haircut’, awarding them €5.7 ...
Lawyer confident in winning appeals against Laiki haircut case
Andreas Theofilou, the lawyer who won the first case on Laiki Bank deposit haircuts for his client, said on Friday that he is confident that his office will be able ...
Our View: Laiki ruling could set a dangerous precedent
Everyone will have been surprised by the Limassol district court’s decision in favour of a Laiki Bank depositor who had sought compensation from the authorities for the loss of ...
In legal first, 2013 bank haircut victim awarded thousands (Update 2)
A court decision awarding over €780,000 to a depositor who lost his Laiki Bank savings due to the 2013 ‘haircut’ ignited a wave of reactions on Thursday, with the attorney general’s ...
Former Laiki CEO’s €100,000 fine overturned
The Appeals Court has voided a prior court ruling which had fined a former banker €100,000 for having made misleading statements concerning the cash flow of now-defunct Laiki (Popular) Bank.
The ...
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 rejects compensation claims by ex-Laiki depositors
Limassol district court on Wednesday rejected a lawsuit filed by depositors in the former Laiki Bank against the state in relation to the haircut on deposits in 2013.
The attorney general’...
Bill to compensate Laiki depositors on way to House vote
Akel MP Irini Charalambidou said Monday she was pleased a bill compensating depositors of legacy Laiki bank would soon head to the plenum for a vote.
“It is with particular ...
State not responsible for losses suffered by Laiki customers, court rules
A court has ruled that the state has no responsibility for the bail-in imposed on depositors of Cyprus Popular Bank (CPB) in 2013, when the lender was wound down as part ...
Limassol court rejects case claiming 2013 haircut was illegal
Limassol district court on Monday rejected a court case claiming the measures taken in March 2013 were unconstitutional and illegal.
The president of the Limassol district court dismissed a lawsuit against ...