Legal opinion does not bode well for Cypriot depositors case

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Legal opinion does not bode well for Cypriot...
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EU courts have no jurisdiction to hear actions for annulment against the Eurogroup statement of March 2013 or the Memorandum of Understanding (MoU) as neither of these texts can be attributed to the European Commission or the European Central Bank, a legal opinion ruled on Thursday.

The case before the Court of Justice of the European Union (ECJ) regards a challenge brought by a number of Greek Cypriot depositors against the decisions leading to the March 2013 ‘bail-in’.

According to Advocates General Melchior Wathelet and Nils Wahl, the General...


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Legal opinion does not bode well for Cypriot depositors case


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Article Tags: legal, opinion, cypriot, depositors,