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JGM, Solicitor
Category: Law
Satisfied Customers: 12088
Experience:  30 years as a practising solicitor.
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I have just read the article in Daily Mail re Cyprus Mortgage

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I have just read the article in Daily Mail re Cyprus Mortgage Trap due to be tested in Cyprus on Oct.17th. My son & daughter-in-law got involved in just such a scheme when they bought an apartment in Paphos back in 2006. Can you give me any further information on this matter & whether they can be included in this action.

John Husk
Thank you for your question.

In the first instance you can [email protected] which is the company running the litigation.

The challenge is being made because mortgages were made in Swiss francs and the investors lost out because of this and they also claim that they weren't told about the nature of the mortgages.

I suspect this is a test case which is to be heard in October and that if it is successful it will open the doors for others to follow. However, you should contact Judicare or indeed a lawyer of your own choice to register your interest at this time. I am not an expert in the law of Cyprus but there may, as in all legal systems, be time limits that you have to comply with so the sooner this is dealt with the better.

Happy to discuss further.

Please leave a positive response so that I am credited for my time.
Customer: replied 4 years ago.

Thanks for your reply, just one question, if I contact Stella Franchi at will she be obliged to furnish me with details of this forthcoming action in Cyprus ?


John Husk

No she isn't and she certainly can't breach client confidentiality. However she will no doubt be able to give you a "no names" idea of what the the case is about as well as giving you advice as to whether on the face of it you may also have a claim, in the same way that any lawyer dealing with mass litigation would deal with a new enquiry.

She can also give you any information already in the public domain. However, importantly she, or more likely her team dealing with this litigation, will be able to give you specific advice as to what you can do to progress your own situation.
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