On 31 January 2026, the 1st Conference on the Private Debt of Natural and Legal Persons was held, organised by NOMIKI BIBLIOTHIKI.

On 31 January 2026, the 1st Conference on the Private Debt of Natural and Legal Persons took place, organised by NOMIKI BIBLIOTHIKI.

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

It is well known among all those who engage in business that the position of Chief Executive Officer constitutes a position of responsibility...

Summary: A few days ago Law 5072/2023 was passed in relation to the long-awaited legislative changes to the out-of-court debt settlement mechanism and the law on NPLs.

Summary: In previous articles, we discussed the procedure for declaring simplified bankruptcy as well as the debtor's remaining assets following the declaration (see here).

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

The recently enacted L. 4738/2020 on "Debt settlement and second chance providence" has been amended lately, inter alia, by L. 4818/2021.

While restructuring agreements concluded through the out-of-court mechanism are increasing, a large portion of settlement arrangements—especially in the context of business loans...

One of the central concepts in insolvency law following Law 4738/2020 is the notion of the "vulnerable debtor." But which debtor is considered "vulnerable" under the law, and what benefits come from this designation?

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...

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...

As we have noted on several occasions, the out-of-court debt settlement mechanism constitutes a constantly evolving instrument for the regulation of debts. Since its introduction by Law 4738/2020...

The out‑of‑court settlement mechanism is a debt restructuring tool that, from its introduction in 2021 until today, has undergone successive amendments, particularly aimed at improving settlement terms for debtors...

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.

Following the recent event over the weekend (27/28 June 2015), we set out below a short guide on the current status in Greece.

The most important innovation of the new bankruptcy law under the new law. 4738/2020 is the automatic discharge of the bankrupt from his debts after the expiration of the specified period of time...

Abstract: In a previous article (see here), we discussed how a debtor who does not wish to be declared bankrupt can defend himself against a petition filed by one of his creditors by claiming that the petition.

In this article we examine which debts appear to constitute exceptions to the rule of discharge in bankruptcy. In other words, which debts the bankrupt does not shed even after the lapse of three years...

The long discussed bill regarding extrajudicial debts' settlement has been enacted by the Greek legislator on May 3, 2017.