Cyprus News

The Financial Services Authority has been disbanded as at April 1st and has been replaced by two new organisations – the Financial Conduct Authority (“FCA”) and the Prudential Regulation Authority (“PRA”). The FCA has promised to be focused much more on consumers and the conduct of fi

With hundreds of cases now in the Cypriot courts, and indeed with new cases being issued , and with debtors now going on the offensive against the banks, rather than waiting for the banks to come after them, the response of the Cypriot judiciary to the problems which created the bailo

It has been an eye opener for some people in the EU area how events on Cyprus recently have taken on a geopolitical significance far greater that that presumed for a small island of less than one million people. Some people with large loans from Laiki/Cyprus Popular Bank especially ma

As Christofi Law have been predicting for some time, news broke at the start of February 2013 that the banks have been found guilty of mis-selling “swap” and hedging style products opening the door to customers to bring claims for compensation against the banks which had offered these

Whilst there has been some pre- occupation with the case of Barclay-Watt and others v Alpha Panaretti and others [HQ11X02379] another equally significant case, that of Marshall v Bank of Cyprus has gone largely unnoticed. In that case, brought by Christofi Law in Cyprus on behalf of M

Christofi Law have recently opened their new offices in the City.  The office is based in Temple and will assist those clients who work in central London or who travel from areas outside of London.  More information to follow.

Chris Christofi is to be featured in a BBC documentary on the work carried out by Parking Adjudicators dealing with parking ticket scandals. In the documentary Chris presents a case to the Adjudicators and criticises the revenue raising antics of Brentwood District Council. Chris is a

Christofi Wells Leytonstone office – based in one of the Olympic boroughs – were pleased to have an impromptu meeting with the Greek Olympic Cycling Team The team was stuck in traffic on route to the Olympic Village when the Greek cyclists decided to abandon their official

Christofi Law will be challenging Cypriot Jurisdiction in the Cypriot courts in a case in which a Cypriot Bank granted a foreign currency loan to a couple based in the UK. The action follows on from a High Court ruling in the UK on 14 June in which the High Court accepted in the first