Overseas property news - Expats threatened by cyprus ruling

Expats threatened by cyprus ruling

Thousands of expatriates who have property in Northern Cyprus could be affected by a European Court of Justice ruling that the European Union's courts should enforce Greek Cypriot legal verdicts...

The ECJ judgment, published yesterday, backed the efforts of a Greek Cypriot architect to reclaim land his family abandoned when the island was partitioned in 1974, and on which a British couple have since built a holiday house.

The fact that a Greek Cypriot judgment cannot practically be enforced in Northern Cyprus, whose authorities are recognised only by Ankara, 'does not prevent the courts of another EU member state from declaring such judgments enforceable', the ECJ found.

Source: Financial Times

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