Court orders Turkish bank to pay refugee
By Stefanos Evripidou
A GREEK Cypriot refugee has been awarded €126,724 in compensation by the Nicosia District Court for the occupation of her property by Turkish Bank Ltd.
Elpida Erotocritou-Chrysochou from Morphou filed a case against Turkish Bank in 2002 for occupying her property in the north since 1975 without paying rent. Before 1974, Chrysochou received rent on the building from Chartered Bank Ltd.
According to yesterday’s Phileleftheros, Justice Leonidas Parparinos ruled in favour of the plaintiff, awarding compensation to the tune of €126,724 (£74,168) in rent arrears from 1975 until the end of 2007.
In the meantime, Turkish Bank Ltd, a company registered with the Registrar of Companies in the Republic of Cyprus, has been ordered to pay £217 a month starting from February 1, 2008, until the property is returned to Chrysochou. The judge ordered that interest on the compensation sum would be calculated from the date that the law suit was filed on July 17, 2002.
Turkish Bank was represented in the District Court by Turkish Cypriot lawyer Hakin Onen, who argued that the bank was given permission to occupy the building by the ‘Turkish administration’ in the north. Justice Parparinos rejected the argument ruling that the ‘Turkish administration’ also known as the ‘Turkish Republic of Northern Cyprus’ did not constitute an internationally recognised state, while its declaration of independence was ruled void and illegal by the international community through the UN Security Council. As such, an illegal entity could not carry out a legal action by awarding legal possession to his client as the advocate claimed.
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