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  • Article

    Exclusion Of A Partner In A General Partnership As An Alternative To The Dissolution Of The Company

    Summary: In personal companies such as general partnerships, where interpersonal relationships among partners are particularly significant, conflicts between partners are a frequent phenomenon.
    GreeceCorporate/Commercial Law
    Psarakis & Kefalas Law Firm
    Psarakis & Kefalas Law Firm
  • Article

    The Compensation Of Board Members In The Corporation And The Possibility Of Judicial Limitation

    A common area of tension between the management and shareholders, usually the minority, in a corporation is the level of compensation set for the members of the Board of Directors for the administrative...
    GreeceCorporate/Commercial Law
    Psarakis & Kefalas Law Firm
    Psarakis & Kefalas Law Firm
  • Article

    Co-ownership Of Heirs And Continuation Of The Deceased's Individual Business

    The right to an object can be part of the property of multiple individuals, either by their own initiative or due to inheritance, leading to the establishment of the legal relationship of "co-ownership" among the parties.
    GreeceCorporate/Commercial Law
    Psarakis & Kefalas Law Firm
    Psarakis & Kefalas Law Firm
  • Article

    The Playbook Of Majority Shareholders In S.A. Companies: Abuse Of Majority Power And Corporate Conflicts

    In recent years, we have come across news from the business world about intense disputes among shareholders of Société Anonymes (S.A. companies). The greater the stakes at risk...
    GreeceCorporate/Commercial Law
    Psarakis & Kefalas Law Firm
    Psarakis & Kefalas Law Firm
  • Article

    The Calculation Of The Value Of The Share Of An Exiting Or Excluded Partner From A Partnership – Legal Insight

    Under the law governing partnerships (Law 4072/2012), a partner who exits or is excluded from the partnership (in addition to the right to have returned in kind the assets contributed for use)...
    GreeceCorporate/Commercial Law
    Psarakis & Kefalas Law Firm
    Psarakis & Kefalas Law Firm
  • Article

    Termination Of An Electricity Supply Agreement And Judicial Protection Of The Consumer

    In the modern economic environment, access to electricity constitutes a fundamental social good. However, it is frequently observed that providers issue disconnection orders or terminate electricity supply...
    GreeceEnergy and Natural Resources
    Psarakis & Kefalas Law Firm
    Psarakis & Kefalas Law Firm
  • Article

    Company Directors And Criminal Liability For Breach Of Trust: When Does A Business Decision Become A Criminal Offence?

    In this article, we examine the offence of breach of trust under Article 390 of the Greek Criminal Code, which may be committed by managing directors, members of the Board of Directors...
    GreeceCorporate/Commercial Law
    Psarakis & Kefalas Law Firm
    Psarakis & Kefalas Law Firm
  • Article

    Changes To Greece’s Out-of-Court Debt Workout Mechanism — And How The Government–Servicer Compromise Was Probably Reached

    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.
    GreeceInsolvency/Bankruptcy/Re-Structuring
    Psarakis & Kefalas Law Firm
    Psarakis & Kefalas Law Firm
  • Article

    The Obligation Of The Trademark Holder To Remain Vigilant In Order To Avoid Loss Of Rights Against The Offenders

    Under the regime of the new Trademark Law, the registration of a trademark is no longer equipped with the immunity that the case law recognized under the regime of the previous law.
    GreeceIntellectual Property
    Psarakis & Kefalas Law Firm
    Psarakis & Kefalas Law Firm
  • Article

    The 72-Instalment Debt Settlement Scheme For Debts Owed To The AADE And E-EFKA And Its Comparison With The Out-of-Court Debt Settlement Workout

    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.
    GreeceInsolvency/Bankruptcy/Re-Structuring
    Psarakis & Kefalas Law Firm
    Psarakis & Kefalas Law Firm
  • Article

    The Automatic Discharge Of Directors Of Bankrupt Companies From Corporate Debts

    One of the most critical consequences of a company being declared bankrupt or being registered in the Electronic Insolvency Registry (EIR)...
    GreeceInsolvency/Bankruptcy/Re-Structuring
    Psarakis & Kefalas Law Firm
    Psarakis & Kefalas Law Firm
  • Article

    Auction And Order Of Ranking Of The Debtor's Creditors

    The final stage of the forced execution process on monetary claims is the auction. If the debtor has failed, through all means and procedures provided by the Code of Civil Procedure (CCP)...
    GreeceFinance and Banking
    Psarakis & Kefalas Law Firm
    Psarakis & Kefalas Law Firm
  • Article

    G. Psarakis - Borrower's Last Attempt To Rescue Its Real Estate: The Opposition Against The Auction Procedure

    In this article we will refer to the most frequently encountered reasons which can support the annulment of an auction already held. The remedy of opposition to the auction is the debtor's last attempt to cancel...
    GreeceReal Estate and Construction
    Psarakis & Kefalas Law Firm
    Psarakis & Kefalas Law Firm
  • Article

    Revocation Of A General Partnership Manager

    Partnerships, such as general partnerships, are legal entities through which small and medium-sized businesses operate.
    GreeceCorporate/Commercial Law
    Psarakis & Kefalas Law Firm
    Psarakis & Kefalas Law Firm
  • Article

    Bad Faith In Trade Mark Applications

    Summary: Registering a trademark, whether at the national or EU level, is a legitimate and commercially beneficial practice for businesses. It protects a company's investments in continuously...
    European UnionIntellectual Property
    Psarakis & Kefalas Law Firm
    Psarakis & Kefalas Law Firm
  • Article

    Issuance Of A Payment Order On The Basis Of An Electronic Invoice

    Electronic invoicing has changed the manner in which invoices and other transaction documents are issued and circulated in commercial transactions and transactions involving self-employed professionals. It has not, however, altered the fundamental procedural requirement that a claim be evidenced in writing in order for an enforceable payment order to be issued.
    GreeceLitigation, Mediation & Arbitration
    Psarakis & Kefalas Law Firm
    Psarakis & Kefalas Law Firm
  • Article

    The Tax Clearance Certificate And The Certificate Of Debt - The Super Weapons Of The State For Rapid Collection Of Its Claim

    Summary: As is known, the submission of a tax clearance certificate has been legally established as a prerequisite for completing various types of transactions, even when the State is not involved...
    GreeceTax
    Psarakis & Kefalas Law Firm
    Psarakis & Kefalas Law Firm
  • Article

    Lease Performance Claim And The Tenant's Related Objections

    In a previous article, on the occasion of the analysis of the legal framework governing the correction of first offer price in e-auctions (Art.954 (4) of the Civil Code), we talked about the upward price trend...
    GreeceReal Estate and Construction
    Psarakis & Kefalas Law Firm
    Psarakis & Kefalas Law Firm
  • Article

    Withdrawal Of A Partner From Fixed-Term General And Limited Partnerships: Just Cause As A Prerequisite For Payment Of The Value Of The Partner’s Interest

    The personal relationship of trust between partners forms the foundation of partnerships, but what happens when that trust breaks down? This article explores the legal framework governing a partner's voluntary withdrawal from general and limited partnerships in Greece, examining the critical distinction between status-related and financial consequences of departure.
    GreeceCorporate/Commercial Law
    Psarakis & Kefalas Law Firm
    Psarakis & Kefalas Law Firm
  • Article

    K. Daskalopoulou - From Stamp Duty To Digital Transaction Fee – The Shift In Taxation Of Cash Advances And Other Credit Transactions

    This article examines the tax treatment of common monetary flows in practice—between companies and their shareholders/partners, or among related businesses...
    GreeceCorporate/Commercial Law
    Psarakis & Kefalas Law Firm
    Psarakis & Kefalas Law Firm

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