Reaction to the attempt to freeze the assets from Afik Group: No legal basis, a political persecution – Cyprus Newspaper

The attempt to freeze Afik’s assets in Greece was condemned by Afik Group in a harsh language. In a statement made by the group, the step in question was not based on any legal basis, it was taken with completely political motives.

The statement emphasized that this initiative was an pressure on the laws of the Turkish Republic of Northern Cyprus (TRNC) in accordance with the laws of the Turkish Republic of Cyprus (TRNC). International Law Specialist In a statement, which also included the views of the Eyal Benvenist, “Cyprus has no authority to implement its own internal law on the activities carried out legally within the TRNC borders. Every attempt to weaken property rights or seizes assets is contrary to the principle of rule of law, the rights of sovereignty and international investment protection principles.

The arbitration process has started

In addition to Afik, Shimon Aykout and Michael Aykout reportedly launched an international fortification process against the Greek Cypriot Section within the scope of the 1998 Israel-Cyprus Bilateral Investment Agreement. The application, financial losses, reputation damage and violations of rights due to compensation was recorded.

Call to the Greek authorities: « Protect the independence of the judiciary »

In the statement of Afik Group, the Greek authorities were also called, and this political demand was requested to be rejected and the independence of the judiciary was requested. The explanation ended with the following expression:

“Justice requires the termination of political persecution and the protection of legitimate property with investor rights.”