"H Foni tis Lemesou", a local news magazine, recently published an article written by Christiana Achilleos, an associate in our litigation department, examining the legal steps taken by former depositors and bondholders of Laiki Bank opposing the resolution measures imposed on the bank by the Central Bank of Cyprus, including recourses in the Supreme Court of Cyprus and actions in the District Courts. As reported on our website at the time the Supreme Court of Cyprus dismissed the recourses and decided that the depositors' rights, if they are indeed affected by the imposition of resolution measures, fall within the jurisdiction of the District Courts. The ongoing actions in the District Courts continue to attract public interest.
To read the full article please click here.
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