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North Cyprus Kyrenia Court Decide to Halt Olive Grove Auction

North Cyprus Kyrenia Court Decide to Halt Olive Grove AuctionThe Kyrenia Court today decided the Olive Grove auction should NOT go ahead on Sunday in a move that will give hope to many property owners in North Cyprus.

Now Koop Bank face a decision. On 20th April the court will give them a stark choice.

They can accept this injunction which means that talks can be held to try to find a resolution, or they can fight in court to get the injunction overturned so they can auction the Olive Grove homes.

Koop Bank are managed by the government, and this is a MASSIVE decision, a government decision, a decision by the president and prime minister.

If they push for the auction, then the government are sending a very clear message. Do not invest in North Cyprus.
If they agree to accept the injunction and enter talks, the government will be providing a blueprint for resolution.

The late, great statesman, Rauf Denktas wrote that either Koop Bank were negligent OR seeking to unjustly enrich themselves at the expense of the Olive Grove homeowners.

Now Koop Bank have a chance to do the right thing.

On behalf of the frail pensioners who will otherwise be thrown out on the street, we pray that Koop will do the right thing, the human thing.

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7 comments to North Cyprus Kyrenia Court Decide to Halt Olive Grove Auction

  • Justice

    Tim.

    Well done to your team.

    Keep the Bank and Government out of court and ensure the media of the TRNC, UK and EU keep their activities in the public and diplomatic limelight. Let’s have transparency!

    Get everyone to understand their malpractice and inaction for resolution and force them to become responsible.

    This should become the turning point for overcoming corruption in the TRNC state and replacing it with one everyone can recognise, support and recommend.

    Also, by overcoming corruption in the public sector it should be possible to gain their own support in overcoming corruption in the private sector.

    It’s time for the TRNC to rid themselves of thieves and to grow up and join the rest of the responsible World!

  • Polly Marples

    Good news Tim…now keep up the pressure because we all know they cannot be trusted and SILENCE is the enemy.

  • Polly Marples

    I just hope this is not another exercise in buying time…it is now over SIX MONTHS since the High Court heard the APPEAL in the case of KULAKSIZ 5 v AKFINANS BANK LIMITED…why so long? Remember the outcome of this Appeal could shape the future of all such cases and Orchard Groves case is almost identical. A win could mean the precedent is set and all such cases should benefit… if they lose…then God help them all. The banks will swoop.

  • Polly Marples

    I just hope this is not another exercise in buying time…it is now over SIX MONTHS since the High Court heard the APPEAL in the case of KULAKSIZ 5 v AKFINANS BANK LIMITED…why so long? Remember the outcome of this Appeal could shape the future of all such cases and Orchard Groves case is almost identical. A win could mean the precedent is set and all such cases should benefit… if they lose…then God help them all. The banks will swoop.

  • Tim Smith

    Thanks folks.

    We believe that Olive Grove COULD become a turning point for North Cyprus property problems. The fact that it is a government bank means the government can intervene. The fact that the Olive Grove folk have a professional attitude – we don’t want to damage anyone, we just want the homes we love and have paid for, makes a solution more possible too.

    Pray the court and the government see sense on 20th.

  • Polly Marples

    Sadly Tim, It does not matter how professional your attitude is, you are dealing with people who are disingenuous and cannot be trusted. If they could be trusted they would not have put a mortgage on your properties initially. It is common knowledge that they had access to the Contracts of Sale at that point but still they went ahead in the knowledge that these Contracts existed.

    If the High Court find in favour of Akfinans Bank Limited, I do not believe that Koop will allow you to keep your properties…just my personal opinion.

    You are not dealing Banks that adhere to any standard set by ethical banks in the civilised world.

  • Polly Marples

    REMEMBER THIS?