Archives for: cyprus


Cyprus: Rules for Sanctioned Deposit Confiscations

by Mitch Feierstein about 9 years 4 months ago

THE ENFORCEMENT OF RESTRICTIVE MEASURES ON TRANSACTIONS IN A SITUATION OF EMERGENCY DIRECTIVE OF 2013 Order under articles 4 and 5 WHEREAS there is a substantial lack of liquidity and a significant risk in the outflow of deposits which are likely to endanger the survival of the credit institutions with a chain reaction that could […]

read more »