Cyprus Stock Exchange


In the case of Giorgos Hadjistillis v Cyprus Stock Exchange and others, the District Court of Nicosia issued an order through which the right to buy shares in “Proodos Ltd” was restrained. Yiannos Georgiades applied for the order on behalf of his client, Giorgos Hadjistillis, who is one of the shareholders of the company. Giorgos Hadjistillis has also sued the company and a member of its board of directors claiming for damages as a result of negligence and breach of statutory duties. The case has been settled against most of the defendants to the plaintiff’s satisfaction but the case against the Cyprus Stock Exchange is still pending and the case has now been fixed for hearing



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