New repossession law hits brick wall

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New repossession law hits brick wall
 © CyprusPropertyNews 2018
Legal hurdles to the new repossession law, which was introduced earlier this year, have arisen after local courts put the brakes on the supposedly faster process for banks to reduce non-performing loans (NPLs).

 

Just weeks after legislation was approved to speed up the repossession processes, pathing the way for the banks to reduce their bad loans, legal complications have arisen.

 

Two repossession cases were put on ice...


This article was automatically added to our system 4-8-2018

New repossession law hits brick wall


The contents of this article including any associated images are © CyprusPropertyNews 2018
Views & opinions expressed in this article are those of the author and/or CyprusPropertyNews .

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Article Tags: repossession, brick,

 

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