Cyprus-Forum.com

[eracles]

British Couple Must Demolish Cyprus Home, EU Top Court Says

http://www.bloomberg.com/apps/news?pid= ... g&refer=uk

By Stephanie Bodoni

April 28 (Bloomberg) -- A U.K. couple ordered by a Southern Cyprus court to demolish their holiday home in the northern part of the island, are bound by the ruling, the European Union’s highest court said.

The European Court of Justice in Luxembourg today said that a judgment from a judge in the Republic of Cyprus in the south must be recognized by EU countries even if it concerns land in the northern part of the island.

Linda and David Orams, a retired British couple have been entangled in litigation across Europe since the court’s 2004 order. Their dispute took a twist when London’s Court of Appeal in 2007 questioned whether the ruling could be enforced in Northern Cyprus, an area recognized only by Turkey and not part of the EU.

The ruling, which can’t be appealed and has to be followed by the U.K. court, has implications for thousands of Britons who own property in Northern Cyprus. The Orams, from Hove, England, said they invested 160,000 pounds ($230,000) in their holiday home in Lapithos, a region in the north occupied by Turkish troops in 1974.

The Cypriot court ordered the Orams to tear down their property in the Turkish Republic of Northern Cyprus, return the land and pay damages to Meletis Apostolides, an architect whose Greek Cypriot family originally owned the land.

Apostolides applied to have the judgment recognized in the U.K. which would allow him to seize the couple’s assets. He argued that since the U.K. and Cyprus were both EU member nations, the ruling was enforceable across the region.

The case is C-420/07 Apostolides v Orams.

[eracles]

http://curia.europa.eu/en/actu/communiq ... 0039en.pdf

[DT.]

Let the lawsuits begin.

http://www.philenews.com/main/1,1,22,0,7165-.aspx

[souroul]

the shit storm is imminent

[DT.]

those who require front row seats in the panic please direct your browsers to

http://www.cyprus44.com/forums/default.asp

[DT.]

http://news.bbc.co.uk/2/hi/europe/8022238.stm

[Tim Drayton]

The one possible cloud that I see on the horizon is that buyers from countries where assets are untouchable may pour in to snap up firesale properties that are being sold in panic by EU nationals. Israel comes to mind first.

[Oracle]

The one possible cloud that I see on the horizon is that buyers from countries where assets are untouchable may pour in to snap up firesale properties that are being sold in panic by EU nationals. Israel comes to mind first.

The fact that owning illegally in Cyprus, would preclude them from owning any assets anywhere else in the EU without fear of seizure, should stop most 'entrepreneurs'.

[Raymanoff]

and the shit just hit the fan... what an entertainment

[The Cypriot]

http://www.earthtimes.org/articles/show ... us-eu.html

"The fact that the land concerned is situated in an area over which the government does not exercise effective control ... does not preclude the recognition and enforcement of those judgments in another member state," the court statement said.

Today is a great day for justice.