Church of Cyprus wins bailout lawsuit
Sunday, March 31, 2013 at 09:56PM
Silver Prices

Archbishop Chrysostomas II

The ink was barely dry on the bailout of the Cypriot banking system last week when the legal challenges began rushing in, with local lawyers backed by influential business figures already winning some small victories.

The first serious challenge was launched by the Church of Cyprus, which has big business interests on the island, questioning the legality of shareholders in the Bank of Cyprus having their equity stakes taken as part of the bailout mechanism.

To read this article in full please go to the FT via this link.


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