Attention Greek Nationals

LAIKI AND
BANK OF CYPRUS
CUSTOMERS

Did Cyprus confiscate your
children’s college funds?
Were you deprived of your life-savings?
Did you lose your pension in Cyprus?

If you are a Greek citizen, and were
a customer of one of the following
in March 2013:

  • Bank of Cyprus
  • Laiki Bank
  • Cyprus Popular Bank
  • Marfin Popular Bank
  • Marfin Egnatia Bank

please read on to learn more about how you may be able to recover some of your losses that occurred in March 2013 when the Government of Cyprus expropriated billions of euros from hard-working, honest Greek citizens like yourself.

Five long years have passed since the unprecedented “Bail-In” of Cypriot banks. Thousands, if not millions, of Greek citizens entrusted their college and retirement funds—earned through decades of hard work—to the Cypriot banks, only to see those funds vanish overnight in March 2013. In the five intervening years, the Cypriot economy rebounded quickly and it is thriving today. Meanwhile, the Greek economy has weakened, in part because of the Cypriot Bail-In, and many Greek citizens are suffering.

It is time for Cyprus to repay the funds it took from Greek citizens.  While Cyprus claimed that it had no choice but to enact the Bail-In, evidence we have uncovered through years of investigation has revealed that the expropriation violated the rights of Greek citizens under international law: the “Agreement between the Government of the Hellenic Republic and the Government of the Republic of Cyprus on Mutual Promotion and Protection of Investments” (the Cyprus-Greece BIT). There is hope that Greek citizens may be able to recover some or all of their losses.

An arbitration proceeding alleging claims under the Cyprus-Greece BIT is already pending before the World Bank's International Centre for the Settlement of Investment Disputes. It is not too late for other Greek citizens to join hands and demand justice from the Cypriot government. Cyprus must be made to answer for its misconduct. 

Please be in touch no later than February 1, 2019.  If you are eligible to participate, we will need your supporting evidence by no later than March 1, 2019.