Το Δικαιο Αφερεγγυοτητας Στην Πραξη - Το «μωσαϊκό» Των Επιλογών Του Οφειλέτη

Greece's Parliament has passed sweeping amendments to the out-of-court debt workout mechanism, fundamentally altering the balance of power between debtors and servicers.

This article examines the process of selling individual assets in bankruptcy, as outlined in Law 4738/2020, with emphasis on the deviations from the Greek Code of Civil Procedure and the legislative intent...

On 28 June the Greek government imposed capital controls and introduced a bank holiday period, during which the banks remained closed. On 18 July 2015 a new legislative act was passed, with which the bank holiday period ended and banks re-opened.

One of the most critical consequences of a company being declared bankrupt or being registered in the Electronic Insolvency Registry (EIR)...

A draft bill introduces a new 72-instalment settlement scheme for debts owed to Greece's AADE and e-EFKA, covering overdue obligations from before December 2023. This article examines the eligibility criteria, interest rates, and enforcement suspensions under the new scheme, while comparing its advantages and limitations against the existing out-of-court debt settlement mechanism to help debtors determine the most suitable restructuring option.

Bankruptcy aims to satisfy creditors collectively by liquidating the debtor's assets. Law 4738/2020 decouples bankruptcy from commercial status, meaning the bankruptcy estate...

Law 4738/2020 introduces critical mechanisms for debt restructuring in Greece, fundamentally transforming how debtors can recover tax and social security clearance certificates. The regulatory framework presents two distinct pathways—the Out-of-Court Debt Settlement Mechanism and the Rehabilitation Agreement—each offering different advantages for unlocking transactional capacities and ensuring business viability through varying withholding requirements and clearance certificate provisions.

Financial circumstances may force a debtor to apply to the Bankruptcy Court for a declaration of bankruptcy, especially if the debtor is generally and permanently unable to meet its due obligations.

A key issue in the event of the submission of an application under the out-of-court debt settlement mechanism, the conclusion of a restructuring agreement, or the bankruptcy of a legal entity, is the treatment...

A Procedure for the Express Settlement of Minor Debts has been introduced.