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Have you received a warning letter from a Company called doValue in Cyprus?

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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...

Can you really be served with legal papers via WhatsApp?

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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...

Cyprus Bank Claims successfully settled - UK Charging Orders to be removed

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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...

Title Deeds in Cyprus - Can you purchase property in Cyprus which does not have a Title deed?

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A property CAN be transferred through sale to another individual even if a Title deed has not yet been issued, as this phenomenon is rather common in Cyprus. When it comes to owning a property in Cyprus, it is surprisingly true, that it is not necessary to...

Banco Santander in Spain sells further nonperforming loans as part of a 1.1 Billion Euros deal

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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...

What is a Vulture Fund?

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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...

Spanish Bank claim successfully settled - Case Study

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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...

Are you getting debt letters or calls from Baker Tilly Cyprus? And who are Baker Tilly?

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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...

Over 1 million Euros saved for clients in the first week of January

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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...

Alpha Bank in Cyprus sell off more loans to SKY CAC Ltd as they seek to recover losses.

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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...

If you are served in the UK with a Writ of Summons from a Cyprus Court, what immediate action should you take?

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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...

Have you been notified of a "Charging Order" on your UK property in favour of a foreign Bank?

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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. ...

I have received a letter from Axactor regarding a mortgage debt in Spain

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We are seeing more and more clients being contacted in relation to an outstanding debt which exists as a result of a previous foreign property purchase. The clients are receiving legal demands directly from their foreign Bank or via a third-party debt...

Alpha Panareti litigation in Cyprus

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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...

Carrying out a search at the Land Registry in Cyprus

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Whether you are looking to purchase a property in Cyprus or simply would like to have information as to the legal status of a property in Cyprus or a parcel of land in Cyprus, we are able to assist clients looking to carry out a search at the Department of...

Are the residency rules changing in Cyprus for Ex Pat retirees?

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For UK pensioners who are potentially looking to the island of Cyprus as a destination for their retirement, a degree of caution may now be required. Presently the conditions for UK retirees seeking to relocate to Cyprus mean they have to acquire a property...

Have you received a letter from a third party debt collection agency or "Vulture Fund" regarding your mortgage in Spain?

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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...

SPA's declared null and void for not being registered as per the relevant Law in Dubai

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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 Floating Villa Is A Real Estate Property NOT A 'Ship' - Dubai Courts Decision

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‍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...

Alpha Bank inform their customers they intend to sell their housing loan in Cyprus to a third-party debt facility

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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...