What Happened in the Liasides Reposession Case?

[petrocelli]

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]

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.

Regards,

[Ksenia]

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]

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,