Cyprus Parliament Rushes to Pass Foreclosure Laws After Presidential Block
The Cypriot Parliament is scrambling to pass referred foreclosure laws before its dissolution, following the President's decision to block nine laws and refer four to the Supreme Court.
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Parliament scrambles to pass referred foreclosure laws before dissolution
Five laws concerning foreclosures have been sent back to parliament by President Nikos Christodoulides, who said they were unconstitutional, legally vague and may adversely affect the economy and banking system, it was reported on Wednesday. The laws had been voted by a rushed House plenum on April 6. The parliament’s finance committee will convene on […]
Read full article →President blocks nine foreclosure laws, refers four to Supreme Court
President Nikos Christodoulides has blocked nine of twelve laws passed by parliament at the April 6 plenary session on foreclosures, insolvency, and guarantors, referring five back to the House and sending four to the Supreme Court on constitutional grounds, Phileleftheros has learned. The President signed the remaining three measures, comprising two government bills and one […]
By Eleftheria Paizanou
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