The Agricultural Credit Cooperatives of Turkey Serbia which was Ottoman territory at the time), with the establishment of “Homeland Funds” (“Memleket Sandıkları”) in 1863 and it gained pace with the foundation of the Republic of Turkey as new laws on cooperatives were enacted. The ACC with its modern nomenclature and structure was established based on law number 2836 which was passed in 1935. The ACC’s foundation was supported by the first president of the Republic of Turkey Kemal Atatürk who was also the first member of the cooperative in Silifke – Tekir Çiftliği. Due to the enforcement of law number 1581 on Agricultural Credit Cooperatives and
Toumazou v. Republic of Turkey Kocinski, Pat Clarke and Suz Latchford who paid for but have never been given legal title to the villas that they purchased. The named defendants were HSBC Bank USA, N.A., HSBC Group, HSBC Holdings PLC, Mehmet Ali Talat, and TRNC. Turkey was dropped as defendant on 16 February 2010 and the lawsuit name was subsequently revised to "Toumazou et al v. Turkish Republic of Northern Cyprus". On 30 September 2014, the court dismissed the case with prejudice for lack of jurisdiction. Toumazou v. Republic of Turkey Toumazou et al. v. Republic of Turkey et al., was a class action suit