Cyprus Internet Directory Jobs In Cyprus
  Cyprus Internet Directory Search       
Google Search
  
Cyprus Internet Directory Search
  
Cyprus Comming Events    Cyprus 
Events 
   
Cyprus News Articles    Cyprus News 
and Articles
   
Cyprus Guide    e Guide
to Cyprus
  
Quick Links


By Peter Stevenson MEMBERS of Volunteer Doctors Cyprus have treated around 350 people at their free clinic in Nicosia since it opened three months ago, while two more, one in Paphos and one in Polis are due to open today. Limassol also has a free clinic, which was opened only last month, and plans have been drawn ...
Read More

SOME 10 days ago, foreign minister Ioannis Kasoulides raised expectations by announcing the possibility of a deal with Turkey for the opening of the fenced off area of Famagusta, for the return of its inhabitants. In exchange the Cyprus government would agree to the opening of Tymbou airport to direct flights. ...
Read More

By George Psyllides PRIVATE auditors have expressed doubt the electricity authority (EAC) could be considered a going concern and have asked its board to draft a credible plan to tackle the problem, according to the auditor-general’s 2012 report on the semi-state company. Among other issues, ...
Read More

  
Cyprus Internet Directory [ Silver lining to Tymvios case? ]

Silver lining to Tymvios case?

Sirs,

I was interested in the legal aspects of the ECHR decision in relation to the Mike Tymvios case.

Mr Tymvios will now have to hand over his $1 million to the Official Receiver of the Republic (OR) on the grounds that the sums which he has recovered relate to property which would have been in the possession of the OR on the date of  Mr Tymvios's bankruptcy, were it not for the for the fact that the OR was prevented from accessing or dealing with that property as a result of the Turkish occupation. He would have to pay off his bankruptcy debt, costs and interest, not to mention capital gains tax before any surplus is returned to him.

That would be the rule for such a bankruptcy in the UK. It seems to me therefore that the OR might have done rather better out of the ruling than everyone seems to think.

Chris Christofi, London, UK



(Source: Cyprus Mail)



Article Options

Email to a friend Email To A Friend     Print Article Print Article     Add Article To Favorites Add Article To Favorites




  

Other Related Articles


Cyprus News Article Submission

If you have an article and you wish to submit it to our database please send us an email. In your email subject quote "Article Submission" and attach the article to the email. To email us Click Here

Cyprus Holiday Villas-Investment Properties

A wide range of holiday villas, investment properties, building plots and apartments in Cyprus for sale by owner. Save money on your holiday villa in Cyprus and enjoy the holiday feeling for ever.