A Greek Cypriot, who was awarded compensation for loss of use and non-pecuniary damages by the European Court of Human Rights (ECHR) due to a violation of property rights, has been settled by the Immovable Property Commission (IPC).
The Greek Cypriot applicant was awarded compensation for a significant property in Girne ( Kyrenia) by the Immovable Property Commission (IPC) it was announced on Thursday.
The compensation paid to settle the claim marks the second-largest payment ever made by the IPC.
While similar to the well-known Loizidou property case, in this instance, the Greek Cypriot applicant opted to seek resolution through the IPC, which has been recognized as an effective legal remedy by the Council of Europe and the ECHR, unlike the approach taken in Loizidou’s case
The enforcement of the ECHR’s violation decision is still under the supervision of the Committee of Ministers of the Council of Europe.
It is expected that the resolution of this application through the IPC will positively influence the enforcement process before the Committee.
( Source: BRT)
