Haircut victims demand meeting with finance minister
Depositors and bondholders who saw their savings wiped out in the 2013 bank bail-in conveyed on Tuesday their strong dissatisfaction with the terms of a compensation scheme, asking to meet the ...
AG files appeal against haircut ruling
The attorney-general on Tuesday filed an appeal over a Limassol District Court decision that last month awarded compensation to an individual in a 2013 Laiki Bank haircut case.
“In particular, the ...
Central Bank confirms appeal will be launched against Laiki ruling
The Central Bank of Cyprus (CBC) on Tuesday confirmed it would file an appeal against the decision of Limassol district court that ruled in favour of a depositor who saw ...
Appeal to not pay Laiki fine overruled
The Supreme Court rejected appeals from former Laiki strongman Andreas Vgenopoulos and Efthymios Boulotas over fines imposed by the Cyprus Securities and Exchange Commission (Cysec), it emerged on Tuesday.
Cysec ...
House unanimously passes law to fast-track part of lost Laiki deposits
By unanimous vote, the House on Thursday passed legislation aiming to fast-track the return of at least part of the moneys that legacy Laiki’s depositors lost when the bank ...
MPs hope for swift passage of bill to see some money returned to Laiki depositors
Lawmakers said on Monday they hoped for swift passage of a bill that would fast-track the return of at least part of the moneys legacy Laiki’s depositors lost in ...
Court rejects lawsuit related to 2013 banking crisis
The president of the Nicosia district court has rejected a lawsuit against the government, the Central Bank and the Bank of Cyprus, which, among other things, sought the declaration of ...
Deputies set conditions for releasing money for Solidarity Fund
Lawmakers on Monday sought more details from the government before agreeing to release €25 million to be used for the Solidarity Fund.
Enacted in March 2019, the Solidarity Fund aimed to provide ...