NPL bills provide for incentives, penalties, e-auctions

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NPL bills provide for incentives, penalties,...
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By Stelios Orphanides

The four bills on the management of delinquent loans approved by cabinet on Thursday provide for significant changes in the laws on the transfer of immovable property, on the sale of loans, on insolvency and on companies.

They are all aimed at clamping down on strategic default and speeding up foreclosure procedures, the Cyprus News Agency (CNA) reported on Friday.

The parliamentary finance committee is scheduled to review on Monday the bills, a condition of the European Commission for its approval of Hellenic...


This article was automatically added to our system 29-6-2018

NPL bills provide for incentives, penalties, e-auctions


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Article Tags: bills, provide, incentives, penalties, auctions,