Fact: An ‘unprecedented mass claim’ of Laiki and Bank of Cyprus depositors and bondholders amounting to US0 million was dismissed at the International Arbitral Tribunal of the World Bank.
An online platform for depositors affected by the 2013 “haircut” will reopen on Tuesday, allowing private clients of Bank of Cyprus and Laiki Bank to apply for compensation. Applicants must have a Cypriot identity card or residence permit for Cyprus, and the platform will be available until May 25. Compensated applicants are estimated to receive around €8,000 for each €100,000 lost, with approximately 30,000 eligible customers.