In judgements returned on Friday 13 July (cases T-680/13 and T-786/14), the judges of the General Court of the European Union found that the non-contractual liability of the European Union could not be invoked due to the reduction of the value of financial securities or deposits held by individuals or companies in the framework of the restructuring plan of the Cypriot banking sector.
In 2012, a number of Greek banks (including Cyprus Popular Bank (Laïki) and Trapeza Kyprou Dimosia...