...after nine years in Court, the shareholder of the company
offered to settle by bringing funds from outside Cyprus in order to
compensate our clients.
We are thrilled to announce yet another Litigation success in
the field of Forex scam and fraud.
On 04/07/2022 we have succeeded in obtaining a judgment by
consent, in favor of our clients, in a group action of 53 claimants
(our clients) against a Cypriot Investment Firm (a Forex &
Market Maker broker whose license has been suspended and later
withdrawn by CySEC) and its foreign shareholder.
Following a litigation battle before the District Court of
Limassol for over nine years, having also applied for and
successfully obtained a freezing injunction against the Defendants
to the action, whose bank accounts were frozen since 2014, we are
glad to see this case coming to an end with the Defendants bringing
money from outside Cyprus in order to compensate our clients and
their costs.
