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Is Alpha Bank ready to settle all Cyprus property claims

As thousands of British buyers of properties in Cyprus are taking on the banks before their claims are time-barred on 31st December 2013, the Alpha Bank are beginning to settle claims to stem the tide.

Britons cases scheduled for trial in Cypriot court

Provisional trial dates have been set for a Cypriot court to hear cases involving hundreds of UK buyers who were misadvised when buying properties in Cyprus and who are facing ‘unpayable’ loans.

Alpha Bank Cyprus sued in England

In what is believed to be one of the largest Collective actions ever taken against a company operating in Cyprus, litigation proceedings are issued against Alpha Bank Cyprus in the Royal Courts of Justice in London.

Court rules eight banks overcharged on loans

A ruling by a Croatian court, which concluded that eight commercial banks had overcharged borrowers, may offer some hope for those who bought property in Cyprus using loans denominated in Swiss Francs.

Limitation time bomb six month fuse delay

The one year transition period provided for in the limitation law that Cyprus introduced in 2012 has been extended by six months following an agreement reached by parliament earlier this week.

Default judgement against Cyprus bank

It appears that the Marfin Popular Bank Public Limited Company (also known as the Laiki) may have failed to file a defence against an action heard in the High Court in London recently.

Restructuring Cyprus loan agreements

There is no one size fits all solution to the problems faced by those who have bought property in Cyprus with a loan denominated in Swiss Francs that is going to remedy the situation.

Big losers may apply for citizenship

President Nicos Anastasiades has announced that the Cyprus “Citizenship by Investment” programme will be revised to reduce the required minimum investment amount for acquiring Cypriot citizenship to €3 million.

British rescue proposed in property mis-selling

London-based law firm Maxwell Alves is lobbying politicians and government agencies to resolve claims between clients and property developers in Cyprus without resorting to litigation.

Marshall Case creates Conflict of Law

A Cypriot District Court ruling concerning jurisdiction throws cold water on a ruling by the High Court in London that the claimants have the right to bring their action in the UK provided they do so within a six year limitation period.

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