Areas of Practice
Business of Credit Institutions (No6) Law Amendment 2015
9th Jul 2015
The Cyprus Parliament has approved a bill amending Section 58 of the Business of Credit Institutions Law, thus extending the prohibition of the sale, assignment or disposal of total or part of any loan and/or rights deriving from any loan facility contract until October 30, 2015. It is noted that Section 58 refers to the suspension of the enactment of the provisions of Section 16A which regulates the subject matter.
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