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[Cyprus Times] Collapse of the Co-operative: AKEL proposes law for non-prescription of negotiable rights

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Statement of the member of the Political Bureau of the C.E. of AKEL, MP Aristos Damianou - "Sell-off of Synergatism" AKEL's law proposal for non-expiry of the statute of limitations on negotiable rights

A law proposal for non-expiry of the statute of limitations on negotiable rights, submitted by AKEL, in relation to the conclusion of the collapse of Synergatism.

As AKEL Politburo member Aristou Damianou says in a statement today, "both the finding on the collapse of Synergatis and subsequent events clearly photograph or name the perpetrators of the process that led to both the sell-off and the collapse of Synergatis".

He also notes that "to date we have not seen any concrete legal action being taken, with lawsuits being brought against the perpetrators of this scandal even though, as is well known, under the Limitation of Rights Act, a lawsuit must be brought within three years of the completion of the basis of a lawsuit".

It also explains: "before the risk that these conductive rights will become statute-barred and that those named as the culprits both last year and this year will no longer be brought to justice in civil actions, the Parliamentary Group of AKEL is reintroducing an extension of the law on the non-prescription of conductive rights, so as to enable both citizens and the state, if they consider that this basis for action exists, to bring the perpetrators of this scandal to justice through civil actions".

"Our proposal will be put as urgent for discussion next Wednesday in the Legal Affairs Committee and next Thursday it will be submitted for a vote in the plenary session of the House of Representatives. I should say that last year when we reintroduced the proposal it was unanimously voted for by all parties in the House of Assembly. What is certainly needed is, along with the legislation, the necessary institutional and political will to bring to justice those who sold out the Co-operative and this is obviously the big deficit of this government", Damianou adds.

Statement by member of the Political Bureau of the C.E. of AKEL, MP Aristos Damianou - "Selling off Synergatism" AKEL's law proposal for non-expiry of the statute of limitations of negotiable rights

AKEL submits a law proposal for non-expiry of the statute of limitations of negotiable rights, in relation to the conclusion of the collapse of Synergatism.



As AKEL Politburo member Aristou Damianou says in a statement today, "both the finding on the collapse of Synergatis and subsequent events photograph or clearly name the perpetrators of the process that led to both the sell-off and the collapse of Synergatis".

He also notes that "to date we have not seen any concrete legal action being taken, with lawsuits being brought against the perpetrators of this scandal even though, as is well known, under the Limitation of Rights Act, a lawsuit must be brought within three years of the completion of the basis of a lawsuit".

It also explains: "before the risk that these conductive rights will become statute-barred and that those named as the culprits both last year and this year will no longer be brought to justice in civil actions, the Parliamentary Group of AKEL is reintroducing an extension of the law on the non-prescription of conductive rights, so as to enable both citizens and the state, if they consider that this basis for action exists, to bring the perpetrators of this scandal to justice through civil actions".

"Our proposal will be put as urgent for discussion next Wednesday in the Legal Affairs Committee and next Thursday it will be submitted for a vote in the plenary session of the House of Representatives. I should say that last year when we reintroduced the proposal it was unanimously voted for by all parties in the House of Assembly. What is certainly needed is, along with the legislation, the necessary institutional and political will to bring to justice those who sold out the Co-operative and this is obviously the great deficit of this government. Damianou.


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