20/03/2024
Αγαπητές φίλες και φίλοι:
Η δεκαετής περιπέτεια στην οποία αναλάβαμε να "ριχτουμε" με ενθουσιασμό αλλά και πείσμα ώς δικηγόροι, μαζί με την Grant & Eisenhofer τον Stephen Fietta και την KTMC φθάνει στο τέλος της....
Από τα τέλη Μαρτίου και μετά, η απόφαση που όλοιπεριμένουμε θα έχει δημοσιευθεί, σχετικά με την υπαιτιότητα της Κυπριακής Δημοκρατίας γιά τον εκμηδενισμό των καταθέσεων και επενδύσεων των 1000 φυσικών και νομικών προσώπων που συμμετέχουν στην υπόθεσή μας...
Η υπόθεση θα έχει πολύ μεγάλη βαρύτητα όσον άφορα το πλαίσιο προστασίας των επενδυτών διεθνώς, ιδίως εντός Ευρωπαικής Ενωσης, ακριβώς αυτή την περίοδο όπου διακυβεύονται πολύ σημαντικότερα αγαθά από αυτά της περιουσίας στην Ηπειρό μας... Παρ'ολα αυτά, διαβάζουμε γιά σημαντικές αποφάσεις που έχουν ληφθεί συνεπεία της εμπόλεμης κατάστασης Ρωσίας-Ουκρανίας, που δυστυχώς περιπλέκεται όλο και περισσότερο με την έμμεση ( ; ) εμπλοκή ευρωπαικών κρατών "διμερώς" ....κατ'αρχήν, όπως αυτές διά των οποίων "παγώνουν" περιουσιακά στοιχεία από αμφότερους τους εμπλεκόμενους ιδιωτών αλλά και κρατικών οντοτήτων.
ΙΔΟΜΕΝ.....
Tribunal Ruling Imminent After Trial in G&E’s Investment
Arbitration Against Cyprus
G&E’s long quest for justice for nearly a thousand Greek individuals and families who lost the bulk of their life savings is drawing to a close.
In January and February of last year, G&E lawyers presented our strongest legal arguments based on key documentary evidence of
Cyprus’ wrongdoing during a trial that took place in London.
During the so-called ‘bail-in’ of 2013, the Cypriot government
illegally confiscated people’s cash deposits and wiped out the
value of other assets held in two large Cypriot banks, Bank
of Cyprus and Laiki Bank.
While governments may, under extreme circumstances, be allowed to confiscate private property in an emergency (the so-called ‘necessity defense’), international investment treaties prohibit them from doing so in a way that discriminates against foreign investors.
The Cyprus bail-in disproportionately affected Greek savers. In our view, Cyprus also has no claim to ‘necessity’ because the financial
emergency that threatened the Cypriot banking sector and
the government’s own finances in March 2013 was caused by
a period of unprecedented economic mismanagement and
supervisory failures by Cyprus and its Central Bank (for which
the State is responsible).
While we believe Cyprus had – and still has – a legal obligation to promptly and fairly compensate victims of the bail-in without discrimination, Cyprus has not paid a single penny to our clients, who have now struggled for ten years after the bail-in.
At the trial, three claimants testified about their ongoing
financial hardships and physical ailments that began or were
exacerbated by the stress and psychological torment from the
government-sanctioned theft of their hard-earned money; and
almost half of the claimants are elderly with long-suffering
health issues who could really use any compensation to
pay for their ongoing medical expenses. 36 claimants have
passed away since they filed their claim in 2015 without ever
seeing any justice.
Following the trial, in May 2023, G&E submitted post-hearing
briefs and the Tribunal is now expected to issue its ruling on
Cyprus’ liability as early as the end of March 2024.
