Limassol Court dismisses depositor claims over 2013 haircut
The Limassol District Court dismissed lawsuits filed by depositors against Cyprus Popular Bank, the Central Bank of Cyprus, and the Republic of Cyprus regarding the 2013 haircut. The Court ruled that the defendants did not act negligently or breach any duty, and the resolution measures did not put depositors in a worse position than a bank liquidation scenario. The claims of constitutionality and human rights violations were deemed non-essential and unsubstantiated.