In recent days we have been able to successfully settle another a long-standing Spanish mortgage issue for one of our clients. After more than 15 years of worry and anxiety that the Bank would pursue them in the UK and the fear, they may one day lose their...
Claims Management Companies (CMCs) are still producing “misleading, unclear and unfair advertising”, the Financial Conduct Authority (FCA) has said. The regulator also accused some CMC’s of using FCA authorisation to...
Thousands of individuals in the UK will no doubt have received in recent days a recorded delivery WITHOUT PREJUDICE Warning Letter at their homes from a company in Cyprus called doValue. The letters relate to historical issues which have arisen between these...
In recent days we were contacted by a potential client asking us the seemingly rather strange question – “can you really be served with legal papers via WhatsApp?” The simplified answer, surprisingly (or maybe not in today’s ever...
In recent weeks we have been able to successfully settle a number of long-standing Cypriot mortgage issues for our clients. After many years of worry and anxiety that the Bank in Cyprus would pursue them in the UK, and the fear they may one day lose their...
It has been reported that Spain’s Banco Santander has agreed to sell further housing loans which formed part of a portfolio of distressed loans. The purchaser of the loans is being reported as being the US private equity fund Cerberus and the real...
A “Vulture Fund” is an investment fund that will seek out and purchase securities in distressed investments, such as non-performing loans (NPL’s) from foreign banks. Typically, these NPL’s are loans or mortgages taken out on...
In recent weeks we have been able to successfully settle a long-standing Spanish mortgage issue for one of our clients. After almost 10 years of worry and anxiety that the Bank would pursue them in the UK and the fear, they may one day lose their property in...
Thousands of individuals in the UK will have been receiving calls or recorded delivery letters at their homes from a company in Cyprus called Baker Tilly in relation to a Swiss Franc housing loan previously taken out with Alpha Bank in Cyprus. Most of...
It has been quite a start to the year as we have been successful in releasing clients from over 1 million Euros of foreign property Bank debt in multiple jurisdictions. As a leading law firm in this specialised area, our significant experience gives our...
In recent days, hundreds of clients of the Alpha Bank in Cyprus will have received from their Bank a Registered letter informing them that they (the Bank) have now transferred their Loan/ credit facility to a third party. The third party who have now...
It has been the case for the past decade or so that the purchasers of immovable properties in Cyprus who had taken out a Loan with a Cyprus Bank in the Swiss Franc Currency (CHF) in order to fund their property purchase, and who – for whatever reason...
In the past week we have again been contacted by clients who have been informed that a Charging Order has been placed on their UK property. The applicable Order was as a result of a previous Judgement being issued against the clients in a Court in Cyprus. ...
We continue to receive instructions from clients who have recently been contacted in relation to a historical debt in Spain. The debt in Spain exists as a result of a previous property purchase made by these clients in Spain. The clients are now receiving...
We are aware that clients who had previously purchased a property in Cyprus through the Cypriot developer Alpha Panareti are now receiving notice that they (the clients) will be served imminently with a legal Action from Alpha Panareti against them from the...
It is estimated that thousands of purchasers of property in Spain from 2006 onwards are now struggling ever more to service their mortgage debt. The majority of these purchasers may also have taken the unilateral decision to “hand back” their...
Another landmark ruling by the Dubai Courts nullifying the Sale and Purchase Agreement (SPA) of 30 units, which are not registered with the Dubai Lands Department (DLD) in terms of the Law no. 13 of 2008 i.e., Regulating Initial Property Registration in the...
A landmark ruling by Dubai Courts has gone in favour of a Claimant deciding that “floating villas” are indeed real estate properties and not ships in terms of the UAE Maritime Code. The renowned developer's default in completing/handing...
It is estimated that thousands of purchasers of immovable property in Cyprus from 2006 onwards may have been adversely affected by being advised by their Cypriot Bank - in order to fund their purchase in Cyprus - to take a Housing Loan in the Swiss Franc...
Are you having problems with your Investment in Cape Verde? As specialists in tackling the problems which can arise with a property investment in Cape Verde, we are frequently contacted by frustrated investors who are concerned about or experiencing...
It may surprise people that even if you have a “No Win No Fee” agreement with your lawyer for litigation you may have to pay legal fees and costs should you lose the case. Although on the face of it this seems to be wrong it is worth exploring...
If you have bought a property abroad in the last 10 to 15 years in countries such as Cape Verde, Turkey or the UAE then the likelihood is that the property was still being built when you committed to buy. This is commonly known as buying a property...
In recent weeks we have again seen an increase in the activities of the Cyprus Banks against UK buyers of Cyprus properties, as they continue to serve Writs of Summons on clients at their UK residences for defaulting on their obligations against Loan...
The introduction of European Enforcement Orders in 2005 was designed to speed up the enforcement of certain judgements and to keep costs down. Effectively they made a judgement obtained in any member state within Europe instantly enforceable in another...
The above is a question that more often than not begs for an answer. It has become a frequent occasion for non-Cypriots (mainly U.K. citizens) to be served with documents issued out of the Registry of a Court in Cyprus. Should one ignore them or should he or...
When a legal issue is encountered in a foreign jurisdiction, you will often hear talk of a Power of Attorney. In reality this is nothing to be afraid of. A Power of Attorney is simply a document which grants the ability to somebody else to do something on...
With the huge growth of social media in recent years, individuals who have legal issues abroad, whether it is problems with a failed development overseas or issues such as Swiss Franc Mortgage problems in Cyprus, are now able to gain access to specifically...
Often when dealing with a legal issue abroad it will be necessary to get a document “legalised” for a specific legal purpose. This may sound like a rather complicated legal procedure but is actually quite a simple and easily understood process. ...
If you are encountering problems with an off-plan property purchase in the United Arab Emirates, then news of a recent landmark case being successfully concluded in the UAE may offer some hope. Following a long, arduous and technically demanding legal...
Through the use of TCA Law in Cyprus, we are now awaiting the final setting down of firm trial dates in relation to our clients and their claims against the banks in Cyprus as it concerns the issues of Swiss Franc Loans taken out for the...
As we approach the seminars being held at Birmingham City FC (Saturday 24th October) and Arsenal FC (Sunday 25th October) there have been some notable recent changes to legislation in Cyprus. Changes to the laws surrounding how and under what conditions...
It appears that the thousands of overseas property investors who found themselves caught up in the scandals of Ocean View Properties and Harlequin may be entitled to seek financial redress via a potential claim through the Financial Services...
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