Polish depositor loses €430,000 Laiki Bank haircut claim at Supreme Court

Cyprus’s Supreme Court has unanimously rejected a Polish depositor’s claim for approximately 430,071 euros in compensation over the 2013 Laiki Bank haircut, ruling that EU law overrides bilateral investment treaties between member states. The Polish national had deposited 454,579 euros in a fixed-term account at Laiki Bank before March 2013. Following the resolution measures taken […]

By Panayiota Charalambous