K5 v Akfinans Bank | 10th February 2015 Update

K5 v Akfinans Bank | 10th February 2015 UpdateWITHOUT PREJUDICE

The stay of execution requested by the bank on the Judgement given on the 4th December 2014 has been granted. Quelle surprise or as one of our commenters said SÜRPRİZE HAZIR OLSUN.

This means that the judgment cannot be acted on before the result of the Appeal by the bank against the judgement is decided in the High Court. I do not know if a date for this Appeal hearing has been given. If the High Court overturn the Lower courts decision. It is all over for K5 in the TRNC and the ECHR will be the next venue.

If the High Court uphold the decision, then it should be all over for the bank, BUT from what I am being told, it will just be a hiatus and K5 will then be involved in a repeat of the case that culminated in the bank being given the repossession order (20th November 2008) and the auction (6th June 2010). Good innit.

I still have not had confirmation that if we win the Appeal, my villa will also be put back on to its original Kocan. Nothing else will be acceptable to me.

Pauline Read

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