SPECIAL SERVICE FOR EXISTING AND NEW CLIENTS
Attention: FBME Bank customers who filed their claim with the Deposit Guarantee Scheme (DGS) at the Central Bank of Cyprus, but have not received their insured account balance yet…
There are now solutions for pending or rejected DGS claims!
Since the Deposit Guarantee Scheme for the compensation of deposits held in FBME Bank, Cyprus branch, was triggered in April 2016, almost 1.100 of 6.500 of the banks customers filed a claim with the Central Bank of Cyprus. Customers of the bank must come to Cyprus in person, have their new EU bank account operational and take their original passport for identification purposes with them. When the client has a corporate account at FBME Bank, original company documents must be presented as well.
In June 2016, the Central Bank, in her capacity as administrator of the DGS, started making payments to customers of FBME Bank who filed their claim in Cyprus. Unfortunately, not all claims are paid out yet. Some of the applications were handpicked by the Committee of the Deposit Guarantee and Resolution of Credit and Other Institutions Scheme. These pending claims are still waiting for the committee to be approved. Numerous customers of the bank still wait in vain.
How we handle pending and rejected DGS claims…
To find a solution for customers of FBME Bank with pending DGS claims, we scrutinized the EU directives on bank failures, jurisprudence, EU law and the Deposit Guarantee and Resolution of Credit and Other Institutions Scheme Law of 2016, and discussed our findings with relevant stakeholders and those in the know to eventually come to a beneficial solution for the banks customers with pending claims to the DGS.
What we can do for you…
The legal foundation of the claim is at this stage crucial to enforce a beneficial outcome. Before we can explain what we do, it is important to understand why specific applications are handpicked for future investigation.
The next step after the DGS is activated is the liquidation of the bank. This liquidation must be approved by the court in the country where the bank lost its license. Legal preparations by the lawyers of FBME Bank and the Central Bank of Cyprus resulted in closing arguments in Cyprus courts early November 2016. The judge is expected to rule early 2017, and his order is binding.
The Central Bank cannot just honour all claims to the DGS without further investigation. There are deposits at FBME Bank that are exempted from the payment of compensation via the DGS. Also, the Unit for Combating Money Laundering (MOKAS) has a special interest in customers of the bank. Therefore a claim to the DGS does not necessarily result in an immediate and irrevocable payment of the insured funds.
When your claim is legitimate, the funds on the account with FBME Bank come from verifiable sources and (when applicable) the structure of the company is intact, you have nothing to fear.
Together we refute all possible exemptions the committee might have. We formalize a legal opinion on the claim and present evidence of the legitimacy of your statements and answer all possible questions the committee can have. The result is to enforce a positive decision on your behalf.
Since we represent over 1.000 customers in the recovery processes for FBME Bank, we are able to offer solutions for pending or rejected DGS claims on the basis of no cure no pay. You pay our fees afterwards, when insured deposits are on your account!
CONTACT US NOW:
You can call us at +357 25 030 666, send an e-mail at firstname.lastname@example.org or complete the contact form below. We will get back with you at shortest notice.
Disclaimer: due to the nature of our work, we don’t work for third parties. Only the person (or persons) who filed the claim at the Central Bank can contact and hire us! Those who have not filed their claim with the DGS yet, can contact us here for guidance.