Law 8(I)/2018 came into force on 13 July 2018, amending the Transfer and Mortgage of Immovable Property Law (9/1995). The new legislation was applied for the first time in the recent Nicosia District Court case Kyriakos Papavasiliou (Trading) Ltd v Hellenic Bank Public Company Limited. This case is considered to be of great importance in assessing how the courts will interpret the new law in future.
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