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20th April 2024
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Aristo detention order extended

The Paphos District Court renewed the detention order against four of the suspects in the Aristo Developer's fraud case yesterday after the trial judge accepted a request from the police.

Aristo ruling expected today (Update)

The Paphos District Court is expected to rule today whether Theodoros Aristodemou and three others, including his wife Sotiroulla, should be remanded in Police custody for eight days.

Aristo remand hearing adjourned

The court hearing to remand Theodoros Aristodimou, the founder and managing director of Aristo Developers had to be adjourned following his admittance to hospital with high blood pressure.

Distressed borrowers threaten to revolt

As banks are taking defaulting borrowers to court rather than exhausting options under the Cyprus Central Bank's directive on loan restructuring, distressed borrowers are threatening to freeze loan payments.

Land Registry defies court judgement

The Famagusta Land Registry office may find itself in contempt of court after refusing to implement a court order for Specific Performance instructing it to transfer a property to its rightful owners.

Fugitive lawyer appears in court

A lawyer, who was believed to have fled Cyprus with his wife in 2006 allegedly taking with him client funds estimated to be more than three million Cyprus Pounds, has appeared in court.

Our top 10 stories from Cyprus in 2012

The most read article published in Cyprus Property News over the past twelve months was that a group of British buyers had won the right to have their cases against their Paphos-based developer heard in the UK.

High Court Judgement handed down

The judgement in the jurisdiction case brought by Brits who purchased property in Cyprus against their Cypriot developer and British agent, was handed down in the High Court on Monday.

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