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Statute of Limitations Law extension

The transition period for the Statute of Limitations Law that Cyprus introduced in 2012 was extended until 31 December 2014 may be extended by a further 6 months or possibly 12 months.
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Financial dispute mediation

Authorities will start accepting applications for the appointment of mediators in financial disputes from Friday, the agency tasked with the resolution of those disputes said on Tuesday.
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Immovable Property Tax payment and collections

Around 76,800 people have paid their Immovable Property Tax this year according to official statistics, but the majority of those who have paid their tax appear to be the owners of modest properties.
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Lawsuits filed against banks

SYMEA, a trade union established earlier this year intends to block the repossession of mortgaged properties by taking local banking institutions to court according to its president Andreas Alambritis.
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Sweeping powers for taxman

Sweeping new powers for the taxman could further impede the ability of a property buyer to secure the Title Deeds to the property they've purchased if the tax debtor fails to settle his tax bill.
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Land Registry defies court judgement

The Famagusta Land Registry office may find itself in contempt of court after refusing to implement a court order for Specific Performance instructing it to transfer a property to its rightful owners.
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Nigel Howarth meets the Troika

I spent nearly four hours with nine delegates from the troika last Sunday evening discussing the many problems faced by those who have bought property in Cyprus and their possible solutions.
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Shepherd jailed for building hut

Why can a shepherd be jailed for building a hut when a wealthy businessman can add an extra floor to his house or a developer build without having first secured the necessary permits without being sent to prison?
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Famagusta developer jailed for two years

Cypriot property developer Kyprios Kyprianou, who was found guilty of fraud after selling the same property twice, has been jailed for two years by the presiding judge at the Famagusta District Court.
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Famagusta Developers found guilty in fraud case

Kypros Kyprianou and his company Famagusta Developers have been found guilty of double selling a property located near the Paralimni lake following an eight months court case.
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Cyprus Title Deeds bank extortion (updated)

Update - 13 February. Receivers acting for the Alpha Bank are threatening to sell the homes of people who purchased property from defunct developer unless those people pay off the developer's defaulted mortgages, their taxes and other creditors.
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EU-wide mortgage credit rules adopted

The EU has adopted a new directive aimed at creating a single market for mortgage credits in the EU, with a high degree of consumer protection that will come into force in all Member States in two years.
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Unpaid Immovable Property Tax from 32 developers

Politis, the Greek language newspaper, has listed the names of thirty two property developers who failed to pay their Immovable Property Tax to the Inland Revenue by the due date of 15th November.
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MEP questions compliance with MoU (update)

UPDATE 10/12/2013 - MEP Daniel Hannan has raised a question in the European Parliament asking the Commission what action it is taking to ensure that Cyprus complies with the requirements of the MoU as agreed with the troika.
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Title Deeds issued at last for Froiber Group buyers

Liquidators appointed to handle six of the eight companies comprising the Froiber Group has completed the work necessary to get Title Deeds issued for eight apartment buildings; efforts are concentrated on the rest.
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IMF specialists to scrutinize Cyprus solvency laws

A reliable source has told CNA that a team from the IMF arrived in Cyprus yesterday and will meet all stakeholders in a bid to scrutinize the Cypriot solvency laws and provide recommendations for amendments.
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Alpha Bank on the back foot

Alpha Bank Cyprus has written to a number of their clients offering to assist them to continue repaying their obligations to the Bank or to fully settle the loan with a significant discount.
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Our position on the issues of Jurisdiction & Time Bar

Barrister-at-Law Christos M. Triantafyllides of the law firm of Triantafyllides & Christoforou provides their position on jurisdiction and time bar for those who have bought property in Cyprus.
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Limitation time bomb six month fuse delay

The one year transition period provided for in the limitation law that Cyprus introduced in 2012 has been extended by six months following an agreement reached by parliament earlier this week.
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Big losers may apply for citizenship

President Nicos Anastasiades has announced that the Cyprus "Citizenship by Investment" programme will be revised to reduce the required minimum investment amount for acquiring Cypriot citizenship to €3 million.
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