Lordos Compensation Case - does anybody know ?

Alig8aBytes


Joined: 27/09/2010
Posts: 83

Message Posted:
04/11/2010 12:25

Just heard from a Cypriot friend that today's Turkish newspapers are saying judgement has been made with regard to the Lordos compensation claim, and that he has been awarded a record sum of money.



Does anybody know the facts ?

nurseawful



Joined: 06/02/2009
Posts: 5934

Message Posted:
04/11/2010 13:09

http://eu.greekreporter.com/2010/10/19/cypriot-businessman-andreas-lordos-visits-occupied-areas-of-cyprus/



If he owns this lot I would imagine it will be a tidy sum!



Chris

Alig8aBytes


Joined: 27/09/2010
Posts: 83

Message Posted:
04/11/2010 15:08

Found it,



Lordos won the case & Turkey has to pay a fine of 15,000,000 euros and 160,000 euros in court costs.





http://www.todayszaman.com/tz-web/news-225537-european-court-convicts-turkey-in-cyprus-property-cases.html



Any views ?

musdi


Joined: 13/10/2010
Posts: 19

Message Posted:
04/11/2010 15:14

He has been successful in court, and won the case, but the courts have delayed announcing the amount Turkey has to pay.

YFred


Joined: 06/05/2009
Posts: 1471

Message Posted:
04/11/2010 16:48

Lord of the manor as it were. But I notice that he does not own 100% of all the properties it is mostly quarters and halves and the money awarded is to all (13) people not just him.

I look forward to the day the similar terms is offered to me and my family.

Alig8aBytes


Joined: 27/09/2010
Posts: 83

Message Posted:
05/11/2010 18:44

It's a 15million euro FINE for Turkey



The compensation figure in the Lordos case has yet to be decided.



The local Cypriot view of compensation award will be in the region of 200 million euros !!!!



This judgement will affect us all !!!