Supreme Court affirms ruling barring CBC from liquidating FMBE

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Supreme Court affirms ruling barring CBC from...
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By Stelios Orphanides

The Supreme Court rejected on Thursday the Central Bank of Cyprus’s (CBC) appeal against a first instance ruling banning it from liquidating FBME Bank Ltd, opening the way for the liquidation of the lender in Tanzania where it is headquartered.

“Nothing was presented by the appellants which would justify our intervention in how the first instance court evaluated evidence submitted to it with respect to the legal aspect of the case,” the Supreme Court said in its verdict obtained by the Cyprus Business Mail.

The Supreme...


This article was automatically added to our system 21-6-2018

Supreme Court affirms ruling barring CBC from liquidating FMBE


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