Almost 10 years have passed since the enactment of Law 4354/2015 on the transfer of non-performing loans, and about 15 years since the mass initiation of the first securitizations (under Law 3156/2003).

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 Purchasing Companies should at all times maintain a share capital up to 100,000 euros.

Greek Parliament has passed on 22.5.2016 a voluminous bill with a series of reforms that paved the way for an agreement on bailout loans and debt relief discussions.

Formalities. In order to create an enforceable debt obligation of the obligor to the seller: (a) is it necessary that the sales of goods or services are evidenced by a formal receivables contract; (b) are invoices alone sufficient; and ...