legal arbitration

International Arbitral Tribunal Dismisses Massive Claim Against Cypriot Banks

The International Arbitral Tribunal recently dismissed a hefty 600 million dollar claim against Cypriot banks, Laiki Bank and Bank of Cyprus, ending a period of financial uncertainty stemming from allegations of misconduct during the 20122013 financial crisis in Cyprus. This decision marks a critical juncture for both the banks and their clients, bringing a sense of closure to a tumultuous chapter in the country’s financial history.

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