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The Supreme Court of Cyprus has rejected part of the new legislation

On Thursday, the Supreme Court of Cyprus declared unconstitutional seven bills that Parliament adopted in April last year and which President immediately handed to the judges.

Opposition parties insisted on the adoption of two bills, despite warnings about their possible non-compliance of the country's constitution.

One of the bill provides for the reimbursement of loans to bank bonds, and the other - part of investors involved in the process of financial recovery of the credit institution in its management. The Supreme Court said that the bill violates both the Constitution and therefore invalid.

The remaining five bills expected to oblige certain public officials and civil servants, including teachers, soldiers and police officers to disclose sources of income.

A source: Bulletin of Cyprus

Tags: Cyprus Court Laws

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