The amended law on Specific Performance relating to Property Sales
Recently, the law of Specific Performance relating to Property Sales of 2017 has entered into force and has amended article 12 of the Law of 2011 and 2012 on the same matter, granting the jurisdiction to the Court to permit the filing of a contract or an action to be brought for specific performance, even if the prescribed period of time has elapsed, as per the provisions of the said law, provided that the Court considers that it is just and reasonable to do so for the protection of the purchaser.
For further information on this topic please contact
Ms. Nada Starovlah (nstarovlah@pittaslegal.com) at SOTERIS PITTAS & CO LLC,
by telephone (+357 25 028460) or by fax (+357 25 028461)
The content of this article is intended to provide a general guide to the subject matter. Specialist advise should be sought about your specific circumstances.
