Antonis Georgiou achieved a historic legal victory with the first-ever decision on the issue of trust depositing in Cyprus. The case involved the Republic's claim that it was not possible to create a registry for trust deposits, which was successfully refuted by Antonis Georgiou. His legal arguments dismantled the Republic's position, emphasizing that such a registry could be established in compliance with legal frameworks. The court agreed with the claim, making this a pivotal ruling in Cypriot law, with significant implications for future cases involving trust deposits.
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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.
Mar. 8, 2025
Publications
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.
Mar. 8, 2025
Publications
UNDERSTANDING ACTS OF BANKRUPTCY AND CREDITOR RIGHTS IN CYPRUS
According to the law, an act of bankruptcy occurs under several circumstances. Understanding these components is crucial for insolvency practitioners in the field of insolvency law, as it helps navigate the complexities surrounding creditor and debtor rights.
Mar. 7, 2025
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