The ruling allows CIP investors to seek review of the rejection of their applications, providing a legal avenue to challenge the government’s decision.
The Court will now examine each case individually, assessing whether the rejection was justified based on the established criteria and procedures. If it finds that a rejection was unjustified, it will annul the government’s decision, requiring the authorities to re-examine the application and provide a substantiated reason for either granting or rejecting citizenship.
This ruling provides a mechanism for investors to ensure that their applications are processed fairly and transparently, and it demonstrates that the Cypriot legal system has safeguards in place to protect the rights of those who participated in the CIP.
The decision signifies a crucial development in the ongoing legal scrutiny of Cyprus’ naturalization practices, ensuring judicial review of administrative acts related to naturalizations by exception. Although the CIP is closed, this move reinforces the naturalization process’s accountability and transparency, protecting it from potential exploitation.
This outcome underscores the judiciary’s role in maintaining checks and balances on administrative actions and upholding fair and just governance principles. It also comforts hundreds of investors who questioned the outcomes of their cases through the judicial process.
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Demetris is a managing partner and Head of the Immigration and Real Estate Department of Andreas Demetriades& Co. LLC in Cyprus. He has been with the Law Firm since 1994, representing high-net-worth and ultra-high-net-worth individuals, entrepreneurs and companies. He specialises in real estate investment, immigration, and corporate and financial law.
Source link : https://www.imidaily.com/europe/cyprus-court-allows-rejected-cip-investors-to-challenge-citizenship-denials/
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Publish date : 2024-07-10 17:23:39
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