Home - cyprusaction.gr

IMPORTANT NOTICE: We regret to inform you that the Law Firms have decided not to bring the second case,

and we have ceased our efforts to sign any new clients. The handful of claimants who paid their 5% upfront fee will be reimbursed shortly. Although there were hundreds more ‘interested’ potential claimants, given the short time-frame left to initiate the case before the Government of Greece terminates the treaty, the actual low participation rate is wholly insufficient to finance a case of this caliber. Thank you for your understanding.

Featured in:

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.

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.

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.

Please be in touch no later than September 1, 2021. If we determine you are eligible to participate, we will need your supporting evidence before September 8.