Cyprus Bailout: Legal Issues Arising

May 13, 2013

Many with significant balances in certain Cyprus banks are going to suffer substantial losses as a result of the terms of the Cyprus bailout and the restructuring of the Bank of Cyprus and Laiki Bank. Account holders will naturally want to consider whether they have any legal redress in Cyprus or elsewhere to protect their funds or, failing that, to seek compensation. Bondholders and shareholders in the banks will for similar reasons also be closely scrutinising the restructuring.

Read the full article