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Turkey to be sued by Cypriot firm for USD 10 billion!
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Kifeas
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PostPosted: Mon Mar 13, 2006 11:01 pm    Post subject: Turkey to be sued by Cypriot firm for USD 10 billion! Reply with quote

Quote:
CYPRIOT INVESTMENT FIRM FILES $10 BILLION
INVESTMENT ARBITRATION CLAIM AGAINST TURKEY AT
WORLD BANK FOR SEIZURE OF ELECTRIC UTILITIES

Washington, D.C. – February 23, 2006: Cypriot investment firm Libananco Holdings Company Ltd. announced today that it has filed a US$10 billion investment arbitration claim against the Republic of Turkey for its unlawful 2003 expropriation of the assets of Cukurova Elektrik Anonim Sirketi (CEAS) and Kepez Elektrik Turk Anonim Sirketi (Kepez), two of Turkey's largest hydroelectric companies.

......

http://www.crowell.com/content/Expertise/InternationalArbitration/LibanancoHoldings/libanancoholdings3.htm

Poor Turkey! The more I think how much more into trouble is going to continue to be getting into, due to 1974, the more I begin to start feeling sorry about her! Even me!

If one can just for a moment imagine that G/C assets (land, hotels, factories, etc, etc,) worth of some 60-70 billion Euro by today’s prices, were seized in 1974, and what a loss of Revenue they have resulted to their owners during the past 32 year due to their (assets) non-utilisation by them (owners,) apart and in addition of the assets' value it self, I can only feel sorry for what Turkey may have to face one day!

Why couldn’t someone just tell and explain to her that she just couldn’t do what she did in 1974? Didn’t she have any trusted friends to explain to her what this would have probably turned into one day? Where have her American and British trusted friends been?
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repulsewarrior

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PostPosted: Mon Mar 13, 2006 11:38 pm    Post subject: Reply with quote

from the article:
Quote:
“Turkey's acts of expropriation of these utilities are not only contrary to the Energy Charter Treaty and international law, but clearly constitute a violation of the right to property which, in Europe, is a fundamental human right,” Demetriades said from Nicosia. “This lawsuit makes clear that Turkey has failed to come to terms with the criteria necessary to join the European Union, including respect for the rule of law and the rights of private investors.”
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Khan

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PostPosted: Mon Mar 13, 2006 11:54 pm    Post subject: Reply with quote

Even if they did find Turkey guilty how will they make them pay? Turkey will simply say it is a political problem and needs to be solved through the UN.
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Kifeas
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PostPosted: Tue Mar 14, 2006 12:04 am    Post subject: Reply with quote

Khan wrote:
Even if they did find Turkey guilty how will they make them pay? Turkey will simply say it is a political problem and needs to be solved through the UN.


Like they paid Titina Loizidou the 600,000 Euro! Like they will now return her property and Xenides property in Varosha and pay her compensation as well, on top of it!

I am just curious, do you just believe that it is just about enough for Turkey to claim that this is political problem... that is also a political problem... everything is a political problem, and simply hope to get away in this way? Is everything just a matter of what one declares? I am not surprised actually that you think in this way. This is precisely the way that in fact Turkey thinks as well! That is why she keeps getting into trouble all the time.
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Xenos 2Fan
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PostPosted: Tue Mar 14, 2006 12:19 am    Post subject: Reply with quote

Kifeas, of course Turkey is going to challenge these charges. If she doesn't she could expect a deluge of court cases. Why should Turkey take all the blame for the cyprob? There were many players attending the chess game. The Greek Cypriots that are taking Turkey to court for their real estate losses should also include Greece, Britain and the US. If these powers didn't sanction the 74 move you really think Turkey would have invaded? They all okayed it. Slapped Turkey on the wrist with some embargos that eventually vaporized. Can you smell a fish or no?
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Kifeas
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PostPosted: Tue Mar 14, 2006 12:42 am    Post subject: Reply with quote

Xenos 2Fan wrote:
Kifeas, of course Turkey is going to challenge these charges. If she doesn't she could expect a deluge of court cases. Why should Turkey take all the blame for the cyprob? There were many players attending the chess game. The Greek Cypriots that are taking Turkey to court for their real estate losses should also include Greece, Britain and the US. If these powers didn't sanction the 74 move you really think Turkey would have invaded? They all okayed it. Slapped Turkey on the wrist with some embargos that eventually vaporized. Can you smell a fish or no?


My friend 2fan, the tanks, the cannons and the troops that occupy the people's properties and other assets, and prohibit them from utilising and exploiting them for 32 years now, are not Greek, nor British, neither American. They are Turkish! If someone, hypothetically bribes you to go and commit an illegality, a murder for example, or tricks you in doing so in which ever way, the one that will end up seating into the electric chair (since you happen to live in Texas,) is not the one who bribed you or tricked you to do so, but you instead, i.e. the one who pulled the trigger.

Now, I do not think those that you mentioned above, have ever explicitly and directly ever told Turkey to invade in Cyprus, and more importantly kick the people out of their homes and properties and seize them. Quite the opposite! Publicly they appeared not to have been favouring such a move. Secretly, behind the scenes, I do not know if in fact they gave Turkey the green line or not. We believe that at least as far as the Americans (Kissinger) is concerned, that yes he did.

Now, if you mean that Greece had also committed an illegal intervention into the internal affairs of Cyprus by ordering the officers of the Cypriot National Guard to perform the coup against Makarios, something which hypothetically can be argued that it gave Turkey the right to invade, I will agree with you. However, the coup that Greece motivated, did not entail a forceful expulsion of people out of their homes and properties, and did not result into any occupation or ethnic cleansing of people from their places, nor it lasted for 32 years but only for just about one week or so. On the contrary, Turkey’s action did result to all of the above, which are clearly illegal according to international law and international human rights laws. I hope it is clearer now to you that the two illegalities, the Turkish and the Greek one, cannot possibly be equated.


Last edited by Kifeas on Tue Mar 14, 2006 12:48 am; edited 2 times in total
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repulsewarrior

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PostPosted: Tue Mar 14, 2006 12:43 am    Post subject: Reply with quote

This is why the basic right of return must be respected by Turkey, any result with that recognition, is credible worldwide, and at whatever cost will provide benefits that are far greater, than the cost of losing credibility on the same stage.

the article:
Quote:
“Turkey's acts of expropriation of these utilities are not only contrary to the Energy Charter Treaty and international law, but clearly constitute a violation of the right to property which, in Europe, is a fundamental human right,” Demetriades said from Nicosia. “This lawsuit makes clear that Turkey has failed to come to terms with the criteria necessary to join the European Union, including respect for the rule of law and the rights of private investors.”
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Xenos 2Fan
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PostPosted: Tue Mar 14, 2006 1:19 am    Post subject: Reply with quote

Kifeas wrote:
Quote:
My friend 2fan, the tanks, the cannons and the troops that occupy the people's properties and other assets, and prohibit them from utilising and exploiting them for 32 years now, are not Greek, nor British, neither American. They are Turkish! If someone, hypothetically bribes you to go and commit an illegality, a murder for example, or tricks you in doing so in which ever way, the one that will end up seating into the electric chair (since you happen to live in Texas,) is not the one who bribed you or tricked you to do so, but you instead, i.e. the one who pulled the trigger.


I don't know how EU laws are promulgated and implemented but here in Texas the guy that bribed you into the crime gets the death penalty as well. BTW. We now employ the use of lethal injection. The "kinder", more "humane" side of America Laughing

and...
Quote:
Now, I do not think those that you mentioned above, have ever explicitly and directly ever told Turkey to invade in Cyprus, and more importantly kick the people out of their homes and properties and seize them. Quite the opposite! Publicly they appeared not to have been favouring such a move. Secretly, behind the scenes, I do not know if in fact they gave Turkey the green line or not. We believe that at least as far as the Americans (Kissinger) is concerned, that yes he did.


You're proving my point of America's complicity.

Quote:
Now, if you mean that Greece had also committed an illegal intervention into the internal affairs of Cyprus by ordering the officers of the Cypriot National Guard to perform the coup against Makarios, something which hypothetically can be argued that it gave Turkey the right to invade, I will agree with you.


This is my point.



Quote:
However, the coup that Greece motivated, did not entail a forceful expulsion of people out of their homes and properties, and did not result into any occupation or ethnic cleansing of people from their places, nor it lasted for 32 years but only for just about one week or so. On the contrary, Turkey’s action did result to all of the above, which are clearly illegal according to international law and international human rights laws. I hope it is clearer now to you that the two illegalities, the Turkish and the Greek one, cannot possibly be equated.


My friend, It does not matter much how long Turkey decided to stay in retrospect. What Greece was doing was playing Russian roulette. Were they hoping that Turkey would enter, restore order and then leave within a week? I doubt that this is what they were thinking. They were playing with fire and got burned. Should they not have thought of the consequences of such a move by Turkey? Did they not learn from all the population exchanges of the past? What about Britain's complicity in all this?
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De_La_Soul
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PostPosted: Tue Mar 14, 2006 1:40 am    Post subject: Reply with quote

Quote:
My friend, It does not matter much how long Turkey decided to stay in retrospect.
lol yeah right. Blame Greece for Turkey occupying north of Cyprus for 32 years.
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Xenos 2Fan
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PostPosted: Tue Mar 14, 2006 1:50 am    Post subject: Reply with quote

De_La_Soul wrote:
Quote:
My friend, It does not matter much how long Turkey decided to stay in retrospect.
lol yeah right. Blame Greece for Turkey occupying north of Cyprus for 32 years.


Stop throwing slogans around and grow up a bit. If you want to discuss lets discuss. You are not interested in discussion. As always just pointing the finger at Turkey. Rolling Eyes
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De_La_Soul
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PostPosted: Tue Mar 14, 2006 2:36 am    Post subject: Reply with quote

Nobody has forced Turkey to illegally occupy Cyprus for the last 32 years. The Junta in Greece was overthrown by the Greek people in 1974...Turkey has no one to blame for occupying Cyprus for so long but themselves.
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Bullika
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PostPosted: Tue Mar 14, 2006 2:39 am    Post subject: Reply with quote

De_La_Soul wrote:
Nobody has forced Turkey to illegally occupy Cyprus for the last 32 years. The Junta in Greece was overthrown by the Greek people in 1974...Turkey has no one to blame for occupying Cyprus for so long but themselves.


I think Turkeys actions precipitated the fall of the junta in Greece, it was a blessing in disguise for Greek democracy. If Turkey had left Cyprus alone there would have been a fascist dictatorship in both Cyprus and Greece.
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De_La_Soul
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PostPosted: Tue Mar 14, 2006 2:41 am    Post subject: Reply with quote

The Junta in Greece was overthrown before the invasion. Infact, the Sampson regime was finished a week before Turkey invaded. Stop trying to legalise something that is blatently immoral.
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Bullika
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PostPosted: Tue Mar 14, 2006 2:44 am    Post subject: Reply with quote

De_La_Soul wrote:
The Junta in Greece was overthrown before the invasion. Infact, the Sampson regime was finished a week before Turkey invaded. Stop trying to legalise something that is blatently immoral.


Quote:
Believing that a major nationalist cause would rally the people behind him, in 1974 Ioannides induced a confrontation with Turkey over control of recently discovered oil deposits in the Aegean Sea. He also attempted to undermine Makarios by supporting Greek Cypriot terrorist activity. In July, when junta-inspired Cypriots engineered a coup against Makarios, Turkey immediately invaded Cyprus under its rights as a guarantor of the security of the republic established in 1960. Ioannides received little response when he called for full mobilization of the Greek military, which had already shown disaffection by scattered revolts. Thus the Cyprus crisis made clear that the regime's most fundamental base of support was crumbling. At this point, Greek military leaders and politicians collectively decided that only former Prime Minister Karamanlis possessed the ability and the level of popular support needed to dismantle the dictatorship and restore democracy to Greece. Four days after the Turkish invasion of Cyprus, Karamanlis arrived from Paris and took up the task.


http://greece.russiansabroad.com/country_page.aspx?page=93
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De_La_Soul
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PostPosted: Tue Mar 14, 2006 2:50 am    Post subject: Reply with quote

Exactly, the overthrowing of Ioanides was already in effect before the first invasion. By the time Turkey invaded again August, the Junta was out...but Turkey still decided to invade. The Sampson regime was disbanded before the second invasion in August. So why invade again? It was clear to see the Junta was overpowered by the first invasion.
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