What Happened in the Liasides Reposession Case?

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petrocelli
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Joined: 02 Oct 2013 16:26

What Happened in the Liasides Reposession Case?

Post by petrocelli » 04 Oct 2013 13:28

Does anyone know what the outcome of the case brought by Alpha Bank to repossess homes built by the defunct developer Liasides?

It was reported on in Cyprus Property News on 4th December so presumably it has now been resolved one way or another?



Nigel Howarth
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Re: What Happened in the Liasides Reposession Case?

Post by Nigel Howarth » 04 Oct 2013 14:13

The Liasides case has not been resolved yet and there are other cases involving Lane Homes, Petrou, SNK Venus Homes and probably a number of others that have yet to be resolved.

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Nigel Howarth
Independent information & advice for Cyprus property buyers
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Ksenia
Posts: 1
Joined: 18 Nov 2019 21:35

Re: What Happened in the Liasides Reposession Case?

Post by Ksenia » 18 Nov 2019 21:38

It’s been awhile since the last update on the main site in 2016. Any news on the outcome of that case? We may very well be in the same situation with the same bank but a different, recently insolvent developer.



Nigel Howarth
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Re: What Happened in the Liasides Reposession Case?

Post by Nigel Howarth » 19 Nov 2019 13:55

Hi Ksenia and welcome to the forum

I've have no further news on the Liasides case, but the 'trapped buyers' law' should have prevented any repossessions. I know a couple with a Liasides property and they're still living in it.

Regards,


Nigel Howarth
Independent information & advice for Cyprus property buyers
Contact Nigel Howarth
Read the latest Cyprus property news

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