Last week our law firm in collaboration with Prof. Andrea Saccucci  from Rome and the Genovese legal firm of Massimiliano Massara has filed lawsuits in front of the European Court of Human Rights in Strasbourg in the case of the Greek bonds haircut for alleged violation of the right of property (art. 1 of the First protocol). We represent a large number of private as well as institutional international clients who suffered substantial damage from this unilateral action of the Greek State. We see the “haircut” as a unilateral abusive and unconventional act.

The legal community is expecting the Court's position and reaction with great interest as this is a rather  unique case were a sovereign state fails to fulfill his obligations. An extensive international legal research  has been conducted for that matter and the outcome will be scientifically as well as politically very interesting. initial reactions of the Court are being anticipated within the following few months...