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Laiki Depositors organisation Sy.ka.la

Laiki Depositors organisation Sy.ka.la. General assembly 27/04/2013 www.sykala.org. Subjects. Purpose , organisation, participation Contact with politicians Legal procedures Financial suggestions Confirmation of procedures and Committee Future actions. Aims.

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Laiki Depositors organisation Sy.ka.la

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  1. Laiki Depositors organisation Sy.ka.la General assembly 27/04/2013 www.sykala.org

  2. Subjects • Purpose, organisation, participation • Contact with politicians • Legal procedures • Financial suggestions • Confirmation of procedures and Committee • Future actions

  3. Aims • Reacquisition of property/Deposits • Creation of financial proposal and negotiation for counterbalancing measures .

  4. Advantages of the organisation • More people together, more power • Economies of scale (less cost for each depositor) • Securing a better and more productive legal representation both inside and outside Cyprus • Securing the best advisors (economic studies, involvement with the investigation committee, liquidator….)

  5. Registration of the organisation • Registration of the Organisation as a company of limited liability • Transformation to a non-profit organisation • ORGANISATION OF LAIKI DEPOSITORS

  6. Structure • Structure of the organisation • Political committee • Legal committee • Leadership committee • Committee f Financial Suggestions • Committee for communicating with al members and General assemblies • Committee of accumulating information and proofs • Committee for educating the public • Secretary • Financial Committee

  7. The board • MyriaMErkouri • TheodorosKyprianides • AndonisNeophytou • AndonisVasiliou • VanavasVarnava • AlexndrosMichaelides • Andreas Girkallis • NeophytosTaliotis • Zaharias Palexas • Adonis Papaconstantinou

  8. Procedures • Creation of an organisation • Data base of 1500 members (in 6 countries) • Setting of an internet site and appearance in social networks • Appearance in all TV and radio channels and any written network • Discussions in two foreign financial magazines • Meetings with all members of the parliament • Organised meetings with the ministry of Finance, the President of the republic and the president of Central Bank • Co operation with the best legal minds of the country • Contact with scientists in the said fields

  9. GRATITUDE • In less than 3 weeks a very efficient machine has been set • Everything was done entirely with humbleness and family support • WE THANK THE MEMBERS OF THE COMMITTEE AND THEIR FAMILIES

  10. Specialists that support the Committee • LEGAL ADVISORS • Markides , Markides and Co • Aggelides , Ioannides, Leonidou LLC • Scordis, Papapetrou and Co LLC • Velaris and Velaris LLC • Co ordinations with other legal offices for following common legal strategy

  11. Financial Advisors • Zaharias Palexas – Finance • Michael Ioannides – Banking • Accounting Offices Special Advisor Andreas Eleftheriades

  12. Participation • Additional Volunteers • Special help in committees to fulfill specific work

  13. Strategic Pillars • Legal Pillar • Political Pillar • Educating People • Financial proposal\ alternative measures • Investigation of Funds interest in buying deposits • Counterbalancing measures

  14. Legal procedure • Exhaustion of all legal measures within the country • Personal and company appeal To the Republic, law suits and submission procedures • Collective appeal to the European Courts • Possible sources of compensation

  15. Involvement of political parties and meetings with them All political parties • Ministry of Finance • Commander of Central Ban • President of the Republic • Politically colorless organization

  16. Involvement of political parties and meetings with them • All political parties demonstrated political intention to support • Good intention to listen and support the proposals of SYKALA • Recognition of the extreme injustice against Laiki’s Depositors • Good intentions to withdraw the unjust victimization

  17. Political involvement4 directions and 4 Gears • Foreign depositors • Cyprus Depositors ( apart of Laiki s and Cyprus Bank) • Cyprus Bank Depositors • Laiki Depositors ( Domino effect) • VICTIMISATION OF FINANCIALLY ORGANISED INDIVIDUALS AND COMPANIES

  18. Future actions • Legal procedures • Well researched financial proposal wit the support of the members of the parliament and the political parties • Involvement and validation from the Cyprus Republic of the organization’s financial proposals • Possible discussion/negotiation with Troika

  19. Legal Procedure • Explanations from the legal advisors, completion of details/telephone support • Investigation Committee ( presentation of SYKALA- through legal advisors) • The procedure to be followed will depend partly from High court decisions • QUESTIONS/CLARIFICATIONS

  20. PROCEDURAL • Yearly fee of €50 • Strategy validation and committee’s actions • Validation of temporary administration committee and change to administration committee

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