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Greek investors file notice of lawsuit against Cyprus


By Shannon Sweeney

17 July 2014 at 07:35 BST


A group of Greek investors has filed a notice of dispute against the Republic of Cyprus following the Cyprus financial crisis.

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A group of Greek investors filed a notice of dispute on Tuesday against the Republic of Cyprus for losses arising from the Cyprus financial crisis and the March 2013 bailout of Cyprus. The group of 100 almost 100 investors includes depositors and bondholders of Laiki Bank and the Bank of Cyprus whose funds were confiscated by the Cyprus government following a €10 billion bailout. Litigation firms Grant & Eisenhofer, Kessler Topaz Meltzer & Check and Kyros Law, along with public international law firm Volterra Fietta, have filed the notice as a class claim on behalf of the affected Greek investors to recover their losses. 

 
   
 
 
 

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