FBME administrator says is entitled of participating in case in Frankfurt

Click For Larger Image & Read More
FBME administrator says is entitled of...
 © BusinessMail 2017
By Stelios Orphanides

Chris Iacovides, the special administrator of the Cyprus branch of Tanzania’s FBME Bank Ltd, said he considers himself entitled to participate in proceedings at German courts as he was the only cell “vigorously resisting” lawsuits brought to European courts by depositors.

Iacovides was responding to an April 7 report by Kathimerini newspaper that a German court in Frankfurt had banned him from obtaining documents of the ruling, which Bank of Tanzania won when unnamed depositors claimed unspecified deposits held at an also unnamed correspondent bank in Germany.

...


FBME administrator says is entitled of participating in case in Frankfurt


The contents of this article including any associated images are © BusinessMail 2017

Trending Cyprus News

Article Tags: administrator, entitled, participating, frankfurt,

 

24hr News