Nicosia District Court Reserves Judgment

2 December 2014

 The judge at the District Court reserved judgment in the supplementary affidavit of the shareholders of FBME on 1 December, after hearing written and verbal submissions regarding the filing for arbitration at the International Chamber of Commerce in Paris. As is standard practice, she reserved judgment to a later date on this and on the interim application by the shareholders to stop the sale of FBME’s Cyprus assets and prevent measures by the Central Bank’s Administrator to further destroy the Bank’s business.