Bailed-in Greek investors seek €120m from Cyprus

By Stelios Orphanides

Hundreds of individuals and institutional investors from Greece have appealed to the World Bank’s International Centre for Settlement of Investment Disputes (ICSID) claiming compensation for money they lost in Cyprus’s 2013 banking crisis, a U.S. law firm said.

“Claimants include 676 individual and institutional investors asserting 434 separate claims against Cyprus,” Wilmington-based Grant & Eisenhofer law firm said in an emailed statement.