Greek Investors Can Proceed With €300M Cyprus Claim

By Caroline Simson (February 10, 2020, 10:38 PM EST) -- An international tribunal has greenlighted arbitration initiated by nearly 1,000 Greek bank depositors and bondholders who say they sustained heavy losses following Cyprus' 2013 financial crisis, marking what appears to be the first mass arbitration since bondholders filed claims against Argentina beginning in 2007.

The International Centre for Settlement of Investment Disputes tribunal concluded that it has jurisdiction over the claims in which the investors — composed of seven companies and a group of 951 Greek bank depositors and bondholders — accuse Cyprus of rendering their bonds worthless and substantially decreasing their deposits' value when Laiki Bank was merged with the...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!