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Cypriot Investment Scheme
Repossession Property Yield Properties

Latest news

  • 9 October 2019 Landmark Agreement between Cyprus and the United Kingdom

    FULL details of the landmark agreement between Cyprus and the United Kingdom... read more

  • 3 October 2019 Breaking News Potential Change to Definition of Russian Tax Residency for Individuals

    Individuals spending 90 days a year in Russia, or having their centre of... read more

  • 10 September 2019 Many Home dwellers few are the first borrower applications

    Implementation of the Home plan has not begun with the best odds, as... read more

  • 3 September 2019 Home plan from tomorrow for 10 thousand borrowers

    After months of discussions, the Home Plan is being implemented from tomorrow... read more

  • 2 September 2019 July property sales hold steady Update

    The number of Cyprus property sales during July was the same as the number... read more

Cypriot Investment Scheme
Repossession Property Yield Properties

Latest news

  • 9 October 2019 Landmark Agreement between Cyprus and the United Kingdom

    FULL details of the landmark agreement between Cyprus and the United Kingdom... read more

  • 3 October 2019 Breaking News Potential Change to Definition of Russian Tax Residency for Individuals

    Individuals spending 90 days a year in Russia, or having their centre of... read more

  • 10 September 2019 Many Home dwellers few are the first borrower applications

    Implementation of the Home plan has not begun with the best odds, as... read more

  • 3 September 2019 Home plan from tomorrow for 10 thousand borrowers

    After months of discussions, the Home Plan is being implemented from tomorrow... read more

  • 2 September 2019 July property sales hold steady Update

    The number of Cyprus property sales during July was the same as the number... read more

Lawsuit against HSBC for illegal trading in the occupied area of Northern Cyprus

   
Lawsuit against British bank HSBC to facilitate illegal buying and selling real estate in the occupied area of Northern Cyprus filed in US courts of British buyers group.
According to a report in the Daily Telegraph, the applicants have invested their life savings in real estate for which they believed that receiving valid ownership titles issued by the TRNC.
 
Reproaching the HSBC to "illegal transfer of money for the sale of these properties, while knowing that the property titles of these are illegal and / or void because the 'TRNC' does not hold the power sovereign to issue or acquire property rights".
 
The British plaintiffs say the bank is involved in this way in a "fraud case with buying and selling real estate biblical proportions." They seek damages of $ 50 million. The lawsuit was filed in Washington.

- See more at: http://www.sigmalive.com/news/oikonomia/308674/agogi-kata-hsbc-gia-paranomes-agorapolisies-sta-katexomena#sthash.AuukE4B3.U63msHJX.dpuf