Cyprus parliament receives new bills to tighten foreclosure rules

The House plenary this week received a series of bills tightening the framework governing foreclosures and strengthening protections for loan guarantors, as political pressure mounts over the handling of non-performing loans. Two of the proposals were tabled by MP Stavros Papadouris and seek amendments to the Immovable Property (Transfer and Mortgage) (Amending) Law. The first […]