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European Court action gathers pace

Those wishing to join the action group announced month that is seeking compensation at the European Court of Justice for the mis-selling of Swiss Franc loans have until the 8th February 2014 to sign up.

Unpaid Immovable Property Tax from 32 developers

Politis, the Greek language newspaper, has listed the names of thirty two property developers who failed to pay their Immovable Property Tax to the Inland Revenue by the due date of 15th November.

Co-ordinated action at European Court of Justice

Action focussing on the systemic failings of banks in their mis-selling of Swiss Franc loans is being taken at the European Court of Justice to pursue a claim for damages against the responsible European authorities.

Swiss Franc loan time bomb defused

The transition period provided for in the Statute of Limitation law that Cyprus introduced in 2012 and which was extended by six months in May has now been extended by a further 12 months.

MEP questions compliance with MoU (update)

UPDATE 10/12/2013 – MEP Daniel Hannan has raised a question in the European Parliament asking the Commission what action it is taking to ensure that Cyprus complies with the requirements of the MoU as agreed with the troika.

Pitfalls increase in Cyprus property disputes

Defective powers of attorney, time limits for making claims and write-offs are all thrown into the arena in the next phase of the long-standing Cyprus property disputes between banks and purchasers.

Title Deeds issued at last for Froiber Group buyers

Liquidators appointed to handle six of the eight companies comprising the Froiber Group has completed the work necessary to get Title Deeds issued for eight apartment buildings; efforts are concentrated on the rest.

Court rules in favour of Swiss Franc loan victim

In a move that may help those who purchased homes in Cyprus with Swiss Francs loans, the Montenegrin appeal court has ruled that a bank cannot profit from interest charges AND exchange rate movements.

IMF specialists to scrutinize Cyprus solvency laws

A reliable source has told CNA that a team from the IMF arrived in Cyprus yesterday and will meet all stakeholders in a bid to scrutinize the Cypriot solvency laws and provide recommendations for amendments.

BBC Money Box: Cyprus property troubles

Earlier today, the BBC Radio 4 program ‘Money Box’ reported on the problems faced by many British people who purchased property in Cyprus with loans denominated in Swiss Francs.

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