16/04/2021
I am pleased to provide the webinar recording in respect of the above which is available on YouTube (https://www.youtube.com/watch?v=ho104ybDoN8&t=4s&ab_channel=ClickLawPartnersSolicitors). Many clients did not find it necessary to attend a webinar before completing the online Registration Form and many of you now have. The following issues which arose from the webinars are worth highlighting:
1. That completion of the form creates no obligation for you to proceed.
2. That clients of this firm, already have most of the information they need to complete the form in their CAS.
3. The CAS shows repayments made. Some clients are making a distinction between repayment of interest and capital but for our purposes ANY repayments you made should be treated as being capital repayments. What is shown on the CAS, therefore, as โResidual Capital Advancedโ (RCA) is the loan capital minus any repayments.
4. The ECtHR has a strict time limit of 6 months from certain events occurring. For many of you this event may already have occurred and for all of you it is about to occur. This means that you will be running against the clock and the opportunity to โwait and see what happensโ is simply not there. If you wish to claim your residual losses you need to register now. If your decision is not to claim that is your choice. But if you want to claim you cannot wait.
5. Please remember that we did it with numbers. It was your sheer numbers that landed the settlements we reached for you. Your sheer numbers can do it for you again. Please use the PRESS RELEASE to publicise the claim as widely as possible so that other victims can join.
Please remind everyone that there is another webinar on Sunday at 10am: https://teams.microsoft.com/l/meetup-join/19%3ameeting_NTA5OGU0ZDEtZTg4Yy00MTk2LWI3NDItZWNlMzZiY2FhZmMw%40thread.v2/0?context=%7b%22Tid%22%3a%22650cf722-0432-4f22-b96e-25699af25c5a%22%2c%22Oid%22%3a%220d2ed105-d704-440a-a77c-3757f3ca6395%22%7d
The webinar included FAQs which surprisingly left no questions regarding the RLSLC itself. But unsurprisingly perhaps, at both the Tuesday and the Wednesday webinars we had the usual attendees trying to disrupt the webinar by raising questions which had no relevance to the RLSC but which were aimed at a misconceived attempt to discredit us. They tried to introduce mis-information about Alpha Bank employing Baker Tilly to contact owners of incomplete properties and offer them a walk away deal. What they forgot to mention is that clients would then not have the benefit of legal advice, that the Baker Tilly offer relates only to incomplete developments and only to developments on which Alpha Bank has a scheme to repossess, that many of you achieved walkaway deals through us for properties that had been delivered (not just undelivered ones) and that anyone to whom the Baker Tilly offer applies can do it through us, with the benefit of legal advice and can go on to join the RLSC (subject to the eligibility criteria we outlined) .
The main question that you need to ask is what are these pretend-victims trying to achieve and for whom are they working. If rivals are trying to prevent you from joining the RLSLC, we must be on a good thing!
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A state liability Claim is being filed against the Republic of Cyprus on behalf of thousands of victims.Thousands, mostly foreigners, bought off-plan propert...
