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Europe Daily Bulletin No. 12062

14 July 2018
Contents Publication in full By article 30 / 47
COURT OF JUSTICE OF THE EU / Eurozone
General Court rejects actions for compensation by individuals and companies in framework of restructuring of Cypriot banking sector
Brussels, 13/07/2018 (Agence Europe)

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...

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