Cyprus Bank Says Investors Can't Bring £1.5M Property Suit

Law360, London (April 15, 2019, 7:31 PM BST) -- The U.K. branch of Bank of Cyprus has hit back at allegations from a pair of retail developers that it sold several repossessed flats in London for below market value, arguing that it acted reasonably during the sales process and that the suit was filed too late.

Bank of Cyprus UK, which is now known as Cynergy Bank Ltd., has denied in new documents filed with the High Court that it acted in breach of any duties to husband-and-wife duo Nrinder Singh Gosal and Gurinder Kaur Gosal when it managed the sales of various repossessed investment properties in North London. The...

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