I.MODITIS & ASSOCIATES LLC WINS THE CASE OF DIONISIS CHIOTIS (MARIA MOCKA BENEFIT ACCOUNTING)

The District Court of Limassol ruled on the 28th of January 2019, regarding the lawsuit 865/2014, that Cyprus Popular Bank Public Co Ltd (Defendant), owes to Dionysis Chiotis (Plaintiff), the amount of € 412,644.46 with legal interest and legal fees. The Court acknowledged that the amount deposited in the name of Chiotis (following a fundraiser intended to address the care needs of minor Maria Mokka) has not been written off or eliminated and the defendant’s obligation to repay has not been suspended to Chiotis. The decision confirms the Bank’s debt to Dionysis Chiotis is due and that that debt has never been impaired. In fact, this is also the basis for paying any amount during the liquidation process of Cyprus Popular Bank Public Co Ltd and any claim for damages on the basis of what has been pointed out in Christodoulou and others vs Central Bank of Cyprus and others (2013) S.C.A 427. Cyprus Popular Bank Public Co Ltd, through its legal councelors, has appealed the decision. This case will certainly continue until Chioti’s fight for justice will be fully successful. It should be noted that Chiotis told the Limassol District Court that despite the happy outcome of Maria Mokka’s recovery, all the money that might be returned would be used to help other children with similar needs. Our law office was represented by its founder Mr. Ioannis Moditis and our associate Mr. Andreas Abraham.

Clik here to view the Court’s decision (in Greek)

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