Parliament accepts Anastasiades’s referral of insolvency law

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Parliament accepts Anastasiades’s referral of...
 © CyprusMail 2018
By Stelios Orphanides

Parliament on Friday accepted President Nicos Anastasiades’s referral of the law on the treatment of bankrupt persons passed by the House on June 28, the Cyprus News Agency (CNA) reported.

Anastasiades referred the law back to parliament on the grounds that it conflicted with the constitution by affecting enshrined creditor rights, and was legally problematic as it had a retroactive effect.

In his decision to refer the law, the president cited its unimplementability with respect to persons for whom a receivership order was issued and...


This article was automatically added to our system 13-7-2018

Parliament accepts Anastasiades’s referral of insolvency law


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