Yaakov (Jack) Aykout Afik, the Largest Property Developer in Cyprus, Sues President Nikos Christodoulides and the Republic of Cyprus for Hundreds of Millions of Euros in Monetary Damages Over Proceedings Against Him and His Business in Turkish Cyprus

The proceedings against the Republic of Cyprus are based on the 1998 Reciprocal Promotion and Protection of Investments Treaty, an international arbitration treaty between the Republic of Cyprus and the state of Israel, of which Afik is a citizen. NICOSIA, Cyprus, April 2, 2025…