Decision by Paris Court of Appeal in favour of the Republic of Cyprus in the FBME Cyprus branch case

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Τhe Paris Court of Appeal dismissed an application for the annulment of an International Arbitral Award, in favour of the Republic of Cyprus concerning FBME Bank, it was announced on Wednesday by the Republic`s Law Office.The case concerns the disagreement by the holders of FBME Bank Ltd`s share capital to the decision by the Central Bank of Cyprus to place FBME`s  branch in Cyprus under resolution. In a press release, the Republic of Cyprus` Law Office said that the Paris Court of Appeal issued on Tuesday, a …

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