Kulaksiz 5 v Akfinans Bank - Back in Court

Kulaksiz 5 v Akfinans Bank - Back in CourtAccording to Cyprus Today the Kulaksiz 5 v Akfinans Bank case is back in court.

EXPAT buyers in the Kulaksız 5 case were given new hope this week that their long-running legal battle to keep their homes may be coming to an end. Following a hearing at Girne District Court, the legal wrangle which has seen them going to and from court for more than 15 years, has been set for a new date in August. In 2017 the Supreme Court in Lefkoşa upheld a lower court decision overturning the original verdict, which had allowed homes on the site in Karşiyaka to be sold at auction in June 2010.

The court had ordered that the eight title deeds – which were in the name of the bank that bought them after landowner Yüksel Yılmaz defaulted on a loan secured on the site – be reverted back to Mr Yılmaz’s name. The Girne District Court is to re-hear the case, but this time the 14 British buyers will be included as parties to the case, along with Mr Yılmaz, Kulaksız Construction and developer Abdurrahman Güney.

Speaking to Cyprus Today, advocate Boysan Boyra, on behalf of the expat buyers, said that the court had ordered for an official of the Girne title deeds office to attend the next hearing.

“The court has also ordered for documents concerning the hearing to be served on Kulaksız, and the bank has been asked how much they are owed, after two of the houses were sold.”

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4 comments to Kulaksiz 5 v Akfinans Bank – Back in Court

  • Polly Marples

    Oh dear…well the title is wrong…it is now AKFINANS BANK LIMITED -v- Kulaksiz Construction. Yuksel Yilmaz and Kulaksiz 5 = Kulaksiz 5 are now defendants and not petitioners.

    Minus Pauline Read of course who was thrown out of the case by the High Court without compensation or her money back. Justice TRNC style.

    The ordeal begins all over again for them….still many court hearings to go, then yet another appeal by the loser. This will not end in any of the K5’s lifetimes.

  • Polly Marples

    Of course it is all for show and to keep the Boysan Boyras and Hasan Alkan’s of this country employed and still taking as much as they can from the residue of K5. They will never allow one of their own to lose (Akfinans Bank Limited) and since the strategy of outliving the K5 is going so well…it will just go on and on and on and on and on……5 down….one kicked out and just 10 to go.

    I wonder if they would have dared to kick Pauline Read out if she had still lived in the TRNC…rhetorical question.

  • Polly Marples

    Cannot access full article or comment on your Keyboard Warrior blog. TRNC has a lot to hide so not surprised they are legislating against the truth being told.

  • NCFP Admin

    Thank you for that Polly, article working now so comment away!