Latest Articles
WHEN CAN LOST PROFITS IN PUBLIC TENDERS BE COMPENSATED? CYPRUS APPEAL COURT'S DECISION
This ruling sets an important precedent for cases involving public tenders and administrative annulments. It strengthens the legal stance that the administration is not obliged to award a contract or provide compensation unless direct financial harm is proven. Furthermore, it clarifies that lost profit is not a compensable claim unless there is clear and substantiated financial loss directly resulting from the annulled administrative decision.
RECENT JUDGMENT OF THE CYPRUS APPEAL COURT IN TSIELEPIS v. NICHROPA DEVELOPERS LTD: ANALYSIS OF UNJUST ENRICHMENT PRINCIPLES
The Supreme Court dismissed the appeal, upholding the trial court’s decision that the defendant was unjustly enriched. The ruling reinforces that unjust enrichment serves as a fundamental equitable remedy in cases where financial gain is obtained without legal justification. The defendant was ordered to return €61,784.91 plus legal interest and costs of €3,000 plus VAT to the claimants. This decision sets a precedent ensuring that bank guarantees cannot be misused as a means of unjust financial gain, reaffirming the role of equity and fairness in financial transactions.
THE EVICTION OF STATUTORY TENANTS DUE TO DEMOLITION: LEGISLATION AND CASE LAW
The eviction of statutory tenants due to demolition is a significant and complex legal issue governed by the provisions of the Rent Control Law, Law 23/83, and the corresponding case law.
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