Hundreds of Greek depositors have joined forces against the Republic of Cyprus in demand of compensation over a 2013 haircut on uninsured bank deposits, calling on MPs to push their claim before it goes to international mediation.They cited a decision by the ICSID in February which upheld jurisdiction over the Greek investor’s claim to recover 300 million euros in bonds and bank deposits that were confiscated as part of Cyprus’ financial bailout by European institutions.

The case is due to be heard in Washington, DC, in mid-November 2021.
Kathimerini