Court of Justice of EU rejects lawsuit against 2013 bail-in

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Court of Justice of EU rejects lawsuit against...
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By Stelios Orphanides

The Court of Justice of the European Union (CJEU) rejected lawsuits filed by depositors at Bank of Cyprus and Cyprus Popular bank for impairments suffered in 2013.

“(T)he Court concludes that the individuals and companies which initiated the actions have not succeeded in demonstrating an infringement of the right to property, of the principle of protection of legitimate expectations, or of the principle of equal treatment,” the CJEU said on its website on Friday. “Since the first condition for establishing the non-contractual liability of the European Union –namely...


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Article automatically added to our system on Friday, July 13, 2018

Court of Justice of EU rejects lawsuit against 2013 bail-in


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