Ch. Provata - Partner's Exit From A P.C. (Private Capital Company)

Summary: The Private Company (PC), having established itself in the realm of small and medium-sized enterprises, plays a pivotal role in the Greek economy. This article explores how and when a partner can voluntarily and legally exit this corporate structure and the claims they may retain against the company in such cases.

1. Introduction

More than a decade has passed since the enactment of Law 4072/2012, introducing the Private Company (PC) into the Greek legal framework. This corporate form has proliferated among small and medium-sized enterprises, which are predominant in the Greek market and economy. Often, due to their size and the close relationships developed, disputes and disagreements arise, making continued participation in the company burdensome for some partners.