KKTC offers large settlements to two Greek Cypriots

AlsancakJack



Joined: 14/08/2008
Posts: 5762

Message Posted:
11/11/2009 07:09

http://www.todayszaman.com/tz-web/news-192600-100-kktc-offers-large-settlements-to-two-greek-cypriots.html

nurseawful



Joined: 06/02/2009
Posts: 5934

Message Posted:
11/11/2009 07:13

£12 million once word of that gets out there will be queues from here to the other end of the world!

Tenakoutou



Joined: 27/07/2009
Posts: 4110

Message Posted:
11/11/2009 07:35

Is this not a little premature? Is it not tantamount to admitting, prior to the UK court's ruling, that the Orams case is already a lost cause?

islandgirl


Joined: 12/09/2009
Posts: 302

Message Posted:
11/11/2009 11:59

It could also weaken the case for the compensation so be settled in the UK court and strenghen the case for it ALL to be settles by the Imovable Property Commission

sporty


Joined: 06/12/2007
Posts: 685

Message Posted:
11/11/2009 12:11

i think you'll find that the ECHR are reviewing 8 or so claims to the immovable property commission this month,hopefully theyll rubberstamp the IPC as the "local remedy",once this is done,it will stop 1000's of claims via the courts that will ensue if the orams loose their appeal. This is the way things should be done imho,if ,that is Turkey back down and they and NC start paying compo on all the exchange property,however what is stopping Turkey and NC to say stuff the Eu and all,shut up shop,annex NC,and change all property deeds over to leasehold,with them owning the lease! Watch this space.

mmmmmm



Joined: 19/12/2008
Posts: 8398

Message Posted:
11/11/2009 12:53

Not exactly 'wise' to report this as a 'TRNC' 'court'.. especially as the ECHR will soon review it's effectiveness. It is Turkey's local remedy and Turkey that is paying out.. not 'TRNC'



I'm still waiting to hear of one case where a GC has been awarded restitution - where the property is not occupied.. hardly a ringing endorsement.



The Xenides-Arestis case resulted in TR having to pay for loss of use.. the GC plaintiff STILL owns the property and land.

stilluvithere



Joined: 03/12/2008
Posts: 765

Message Posted:
11/11/2009 13:00

In the first case that works out to if my maths is right, to around £32000 a donum and in the second case around £9000. What is the true value of land in Kyrenia.

It begs the question, where doed KKTC find that sort of money

sporty


Joined: 06/12/2007
Posts: 685

Message Posted:
11/11/2009 13:02

i stand corrected mmmmmm, i thought the IPC was a joint commision,as you say it is Turkeys initiative.

mmmmmm



Joined: 19/12/2008
Posts: 8398

Message Posted:
11/11/2009 13:06

Hi Sporty,



It's not Turkey's initiative.. it is the ECHR's ;) !



Dear stillluvithere... the money is from TURKEY.



It is clear that TR needs some sort of settlement or reciprocity from the 'rump' RoC, as they could never pay out at this rate

NoveltyBubble


Joined: 11/11/2009
Posts: 46

Message Posted:
11/11/2009 18:25

I think this is a very positive development from the Immovable Property Commission and the more settlements reached this way the better for everyone involved.



Things are on the up I say!



Keep up the good work IPC.

cyprusairsoft



Joined: 22/06/2009
Posts: 2066

Message Posted:
12/11/2009 09:08

MMMMMMMMM money talks