LIMASSOL, Cyprus, Feb. 27, 2017 /PRNewswire/ -- Legal Floris
LLC has announced that they are now assisting former customers of
the Federal Bank of the Middle
East (FBME). FBME has run aground after a long legal battle,
and now, Legal Floris LLC is helping the institution's customers
recover funds from blocked accounts.
FBME launched in 2003, and after various issues, the bank's
Cyprus branch was placed under
resolution by the Central Bank of Cyprus. Then, a resolution was issued for the
main office in Tanzania by the
Bank of Tanzania. Right now, many
customers feel that they are in limbo as they await the next steps
in recovering their funds.
There are three major cases going on at the moment regarding
FBME: FBME vs Lew in the U.S.; the Arbitrage Tribunal via the ICC
in France; and CBC vs FBME in
Cyprus.
In the U.S., a verdict can exclude FBME from conducting business
in the U.S., and this could leave the bank virtually unable to
position itself in the current global financial marketplace. The
ICC's Arbitrage Tribunal is an international dispute resolution
court. The ICC's positive ruling for the bank will mark the
assignment of a financial claim, but a ruling in favor of the
Central Bank would mean that there is safe conduct for liquidation
of the bank. In Cyprus, owners can
receive damages or the liquidation of the bank starts.
The Deposit Guarantee Scheme protects deposits in Cyprus for up to 100,000 Euro. Legal Floris LLC is leveraging
their vast knowledge and valuable resources to work with FBME
customers who want to recover their deposits. At this time, the
Legal Floris LLC team is representing more than 1.300 FBME bank
customers with accounts in Cyprus
and Tanzania.
Legal Floris LLC understands that many of the bank's customers
simply were caught in a bad position, and the company remains wary
of customers who were conducting malicious activity within the
bank's operations. The group is adamant that they only offer
representation to honest customers who wish to recover lost funds
from FBME.
The Legal Floris LLC team is well-versed in FBME's long and
winding trail of legal woes, and the firm remains dedicated to
working one-on-one with customers who want to know the best way to
recover their funds.
More information can be found at
http://www.legalfloris.com/the-legal-battles-of-fbme-bank/.
About Legal Floris LLC
Legal Floris LLC specializes in representation for consumers and
enterprises caught in the crosshairs of bank failures and
investment fraud, including Ponzi and pyramid schemes, insider
trading and losses, and more.
Contact
Floris Alexander
Legal Floris LLC
Phone: +357 96 343 680
E-mail: 148009@email4pr.com
Website: http://www.legalfloris.com
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SOURCE Legal Floris LLC