Laiki Depositors organisation
Sy.ka.la
General assembly
27/04/2013
www.sykala.org
Subjects
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Purpose, organisation, participation
Contact with politicians
Legal procedures
Financial suggestions
Confirmation of procedures and Committee
Future actions
Aims
• Reacquisition of property/Deposits
• Creation of financial proposal and negotiation
for counterbalancing measures .
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….)
Registration of the organisation
• Registration of the Organisation as a company
of limited liability
• Transformation to a non-profit organisation
• ORGANISATION OF LAIKI DEPOSITORS
Structure
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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
The board
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Myria MErkouri
Theodoros Kyprianides
Andonis Neophytou
Andonis Vasiliou
Vanavas Varnava
Alexndros Michaelides
Andreas Girkallis
Neophytos Taliotis
Zaharias Palexas
Adonis Papaconstantinou
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
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
Specialists that support the Committee
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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
Financial Advisors
• Zaharias Palexas – Finance
• Michael Ioannides – Banking
• Accounting Offices
Special Advisor
Andreas Eleftheriades
Participation
• Additional Volunteers
• Special help in committees to fulfill specific
work
Strategic Pillars
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Legal Pillar
Political Pillar
Educating People
Financial proposal\ alternative measures
Investigation of Funds interest in buying
deposits
• Counterbalancing measures
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
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
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
Political involvement
4 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
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
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
PROCEDURAL
• Yearly fee of €50
• Strategy validation and committee’s actions
• Validation of temporary administration
committee and change to administration
committee