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Monthly Archives: August, 2018

News

Bank of Cyprus confirms Apollo NPLs sale

Nigel Howarth -
The Bank of Cyprus has announced that it has negotiated the sale of a portfolio of non-performing loans with a contractual balance of €5.7 billion to alternative investment manager Apollo Global Management LLC.
Legal Matters

Second letter to UK Nationals living in Cyprus

Stephen Lillie -
British High Commissioner Stephen Lillie has written a second open letter to UK nationals living in Cyprus with the latest on negotiations regarding the UK’s departure from the European Union.
Jointly Owned Buildings

Swimming pool owners face court action

Nigel Howarth -
The owners of unlicensed communal swimming pools are facing court action following inspections carried out by the Paphos Municipality who insist that pools must be licenced, inspected daily and a lifeguard appointed.
News

Apollo close to buying Cyprus NPLs

Nigel Howarth -
Apollo Global Management LLC is the preferred bidder to buy a non-performing loan (NPL) portfolio being sold by Bank of Cyprus Holdings Plc according to people with knowledge of the matter.
News

Limni golf resort is now down to EU

Lizzy Ioannidou -
Although planning permits for the controversial multi-Euro golf course and resort complex at Limni have been issued, the EU has yet to receive details to ensure they comply with their environmental recommendations.
News

Final solution for trapped buyers?

Nigel Howarth -
The Finance Ministry is seeking a final solution that will enable trapped buyers who were duped into buying property built on land that their property developer had previously mortgaged to the bank to get their Title Deeds.

Top Stories

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