Supreme Court Ruling on Mortgages and Foreclosures
November 21, 2024
The Supreme Court of Cyprus made a historic decision regarding a case of property foreclosure, ruling in favor of a citizen after a lengthy legal process. This decision is significant as it is the first issued following recent judicial reforms. The Supreme Court determined that the citizen's appeal was not without merit, overturning the appellate court's ruling and remanding the case for further adjudication. This case highlights the challenges related to foreclosure processes of mortgaged properties in Cyprus.