Summary: The amendment of Article 7 of Law 4738/2020 (scope of application) by Article 75 of Law 5043/2023 resolved a major asymmetry in the Greek out-of-court debt settlement mechanism.

A number of measures imposing a short-­‐‑term bank holiday and capital controls are put into effect by the Greek legislator.

A legal issue that is becoming increasingly common in enforcement proceedings, particularly in the pre-auction phase, and which has now started to be addressed in case law...

Much has been written about the new Out-of-Court Debt Settlement Mechanism introduced by Law 4738/2020.

Following a two-year implementation period after entering into force, the Digital Operational Resilience Act (Regulation (EU) 2022/2554 - DORA) became fully applicable in January 2025, setting a harmonized, directly applicable regulatory framework for digital operational resilience in the EU financial sector. A little over a year later, the focus is shifting from the definition of the regulatory framework to its implementation in practice.

Artificial Intelligence (AI) is increasingly transforming the global financial landscape. In Greece, advisory and financial services firms are beginning to integrate AI to enhance efficiency, decision-making, and client services.

Greek banks are under significant pressure to dispose their non-performing assets. They can choose between Greek Securitization Law and NPL Law to sell massively their loans.

The out‑of‑court settlement mechanism has emerged as a key tool for businesses in restructuring their debts, particularly in relation to the Greek State and e‑EFKA (the Social Security Fund).

The out‑of‑court settlement mechanism has emerged as a key tool for businesses in restructuring their debts, particularly in relation to the Greek State and e‑EFKA (the Social Security Fund).

The out‑of‑court mechanism emerges as an important tool for businesses, especially in cases of debts to the State and to e‑EFKA.

Summary: The out‑of‑court mechanism emerges as an important tool for businesses, especially in cases of debts to the State and to e‑EFKA.

On 28 June, the Greek Government imposed capital controls in the latest development in the country's financial crisis. This has been imposed pending the referendum, scheduled to take place on 5 July, on whether people agree with the proposals of the European Commission, the European Central Bank and the IMF.

Greece has suffered enough the past years due to the worldwide economic depression occurred in 2008. However, Greece has shown great financial improvement the last 3 years owing to...

The law covers investment projects that relate to a vast majority of economic sectors.

The out-of-court debt settlement mechanism under Law 4738/2020 has proven to be an extremely useful tool, especially for the settlement of debts to the State and Social Security Funds, as it allows debt settlements...

Summary: The out-of-court debt settlement mechanism of Law 4738/2020 has proven to be an extremely useful tool, particularly for the settlement of debts to the State and Social Security Funds...

Crowd‑funding is known as a new, accessible by the wider public way of funding a project, a goal or a business with small amounts usually through online platforms.

With Law 5135/2024, the Digital Transaction Duty (DTT – ΨTΣ) was introduced, replacing the now outdated Stamp Duty (SD – ΤΧ), which had been imposed on the document by which a contract or act was executed...