Supreme Court Rejects Compensation Claim of Polish Depositor
April 29, 2026
The Supreme Court rejected the claim of a Polish depositor for compensation of €430,071.36 due to the haircut of the Laiki Bank. The ruling confirmed that EU law takes precedence over bilateral investment agreements. The woman had deposited €454,579.52 and was left with only €24,508.16. She argued that she should be compensated under the 1992 agreement between Cyprus and Poland, but the court concluded that the agreement is not applicable following their EU membership.