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24 June 2014

GREEK BONDS HAIRCUT. Final filing by October 2014

As the Greek supreme Court has rendered its ruling last month, (negative as expected) the six month delay is now up and running for the much anticipated filing in front of the European Court of Human Rights in Strasbourg  which for many is their last hope to recover what has been unilaterally haircut  by the Greek State from their Greek State bonds they bought before the crisis. Those people and also several institutional investors who never consented into any kind of haircut or rescheduling of repayment dates are now looking forward in what is considered as the final solution to a lengthy and exhausting legal battle against a sovereign State which failed to honor its committments. Our office in conjunction with one of the best experts in the world Italian professor Andrea Saccucci  is heavily preparing for the filing of many clients priate individuals and instututional alike. Mr. Kokkinos was himself in Strasbourg in early June (5th and 6th of June 2014)  for examining procedural issues of the petitions before the ECHR by the International Association of Lawyers.