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The Electronic Auction System, e-auction, which was developed by ACB E-Auctions Ltd, a subsidiary of the Association of Cyprus Banks, is implemented as of today. According to a press release, the System and the auctioning of mortgages assets through the System comply with the provisions of the Law. Through the System, mortgaged assets will be auctioned in the case that the mortgage loaner opts, based on his rights given by the Law, to hold an online auction. Furthermore, parties interested in …
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