Following the Cyprus government announcement of 25 March 2013 that Laiki Bank (Cyprus Popular Bank) and Bank of Cyprus Plc will be restructured, Theodorou Law is currently advising a number of high net individuals and companies, both local and international, on their potential rights to seek legal redress for the negative financial impact caused to them as investors, shareholders and depositors from these actions.
The announcement by the Cyprus government was expected as part of the implication measures agreed by the Cyprus government and the European Commission, European Central Bank and the International Monetary Fund in order to receive funds to resolve the liquidity problems faced by the aforementioned banks.
Our firm routinely answers queries from individuals and corporate clients on banking law and litigation matters. If you have a query or wish to receive further information, please contact us using [email protected]
Theodorou Law is a Cyprus law firm with Cyprus lawyers and other legal experts on legal matters involving Cyprus law, EU law and international law. The above should be used as a source of general information only. It is not intended to give a definitive statement of the law and is subject to the disclaimer.
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