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  • Article

    G. Kefalas - Bilateral Debt Restructuring Agreements With The Public Sector And Social Security Funds: Eligibility Requirements, Included/Excluded Debts, And Restructuring Criteria | Presentation At The 1st Conference Of Nomiki Bibliothiki On Private Debt Of Natural And Legal Persons

    On 31 January 2026, the 1st Conference on the Private Debt of Natural and Legal Persons was held, organised by NOMIKI BIBLIOTHIKI.
    GreeceInsolvency/Bankruptcy/Re-Structuring
    Psarakis & Kefalas Law Firm
    Psarakis & Kefalas Law Firm
  • Article

    G. Psarakis – The Appeal Against Discharge | Presentation At The 1st Conference Of Nomiki Bibliothiki On Private Debt Of Natural And Legal Persons

    On 31 January 2026, the 1st Conference on the Private Debt of Natural and Legal Persons took place, organised by NOMIKI BIBLIOTHIKI.
    GreeceInsolvency/Bankruptcy/Re-Structuring
    Psarakis & Kefalas Law Firm
    Psarakis & Kefalas Law Firm
  • Article

    G. Psarakis - Who's Afraid Of Justice? The Secret Algorithm Of The Out-of-Court Mechanism And The Restructuring Of Business Debts

    This dialogue does not sound strange to those dealing with insolvency and corporate debt restructuring.
    GreeceFinance and Banking
    Psarakis & Kefalas Law Firm
    Psarakis & Kefalas Law Firm
  • Article

    G. Psarakis - Release Of Legal Representatives From Liabilities To The State

    It is well known among all those who engage in business that the position of Chief Executive Officer constitutes a position of responsibility...
    GreeceInsolvency/Bankruptcy/Re-Structuring
    Psarakis & Kefalas Law Firm
    Psarakis & Kefalas Law Firm
  • Article

    Judicial Liquidation Of An Inheritance In Cases Of Temporary Heir Due To Minority

    Following the introduction of Article 35 of Law 4786/2021, which extends the timeframe minors have to decide whether to renounce an inheritance until one year after reaching adulthood, a practical issue arises.
    GreeceFamily and Matrimonial
    Psarakis & Kefalas Law Firm
    Psarakis & Kefalas Law Firm
  • Article

    How A Large Percentage Of Properties In Auctions Are Acquired By Banks' REO Companies And Why This Practice Circumvents The Law

    Summary Banks and Servicers, through connected Real Estate Owned (REO) companies with minimal capital and significant debt, are purchasing properties that are auctioned.
    GreeceReal Estate and Construction
    Psarakis & Kefalas Law Firm
    Psarakis & Kefalas Law Firm
  • Article

    Servicers vs Banks: What Ultimately Changed With The Management Of Non-Performing Loans By Servicers?

    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).
    GreeceFinance and Banking
    Psarakis & Kefalas Law Firm
    Psarakis & Kefalas Law Firm
  • Article

    Loan Limitation Periods: The Time Limits Borrowers And Guarantors Must Know

    A few years ago, we had published on the Euro2Day website certain information regarding the statute of limitations for loan claims.
    GreeceFinance and Banking
    Psarakis & Kefalas Law Firm
    Psarakis & Kefalas Law Firm
  • Article

    How Do Servicers Negotiate? - Bilateral Agreements

    Summary: While OCW settlements are increasing, a significant portion of business loan restructuring agreements are concluded within Servicers' offices through direct negotiations...
    GreeceCorporate/Commercial Law
    Psarakis & Kefalas Law Firm
    Psarakis & Kefalas Law Firm
  • Article

    The Supreme Court Decision On Interest For Loans Under The Katseli Law (Law 3869/2010)

    After many months of anticipation, the Supreme Court (Areios Pagos) has ruled in favor of borrowers under the Katseli Law, holding that interest should be calculated based...
    GreeceLitigation, Mediation & Arbitration
    Psarakis & Kefalas Law Firm
    Psarakis & Kefalas Law Firm
  • Article

    The Settlement Of Debts To The State And Social Security Institutions Through The Out-of-Court Workout Mechanism Of L. 4738/2020 After The Amendments Of L. 5072/2023.

    In this note we focus on the advantages of the out-of-court workout mechanism (as in force after the recent amendments of Law 5072/2023), especially with regard...
    GreeceFinance and Banking
    Psarakis & Kefalas Law Firm
    Psarakis & Kefalas Law Firm
  • Article

    The Critical Changes In The Legislative Framework Of The Out-of-Court Settlement Mechanism And Non Performing Loans

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

    The Objection To The Classification List By The Debtor In An Eauction Procedure - Article 979 Paragraph 2 Of The Greek Code Of Civil Procedure

    Abstract – Introduction: In cases where the debtor of a monetary claim has not managed or sought to prevent the auction of their assets (particularly real estate), they have the right, even at the last moment.
    GreeceLitigation, Mediation & Arbitration
    Psarakis & Kefalas Law Firm
    Psarakis & Kefalas Law Firm
  • Article

    The Liability Of A Partner With A Guarantee Contribution In A Private Company (IKE)

    Summary: The innovation of the Private Company (IKE) in the corporate law framework lies in its distinctive features that blend elements of a partnership structure with a reduced reliance on corporate...
    GreeceCorporate/Commercial Law
    Psarakis & Kefalas Law Firm
    Psarakis & Kefalas Law Firm
  • Article

    Company Representatives And Liabilities To E-EFKA And AADE

    It is well known to anyone engaged in business that the position of a Chief Executive Officer entails responsibility not only towards the company's shareholders...
    GreeceCorporate/Commercial Law
    Psarakis & Kefalas Law Firm
    Psarakis & Kefalas Law Firm
  • Article

    Property Acquisition Through Compulsory Auction: Risks And Recent Reforms Strengthening The Position Of The Highest Bidders

    Interest in participating in compulsory property auctions is steadily increasing, and the initial moral hesitation of potential bidders is gradually fading over the years.
    GreeceReal Estate and Construction
    Psarakis & Kefalas Law Firm
    Psarakis & Kefalas Law Firm
  • Article

    Real Estate Rehabilitation Transfers Under Law 4738/2020 - Tax Exemptions And Relationship Formation

    According to Law 4738/2020, the rehabilitation process is a collective pre-insolvency procedure aimed at maintaining, utilizing, restructuring, and restoring the company...
    GreeceReal Estate and Construction
    Psarakis & Kefalas Law Firm
    Psarakis & Kefalas Law Firm
  • Article

    Defensive Measures Of The Suspect Against The Freezing Of Assets By Order Of The Anti-Money Laundering Authority

    As we have discussed in a previous article, the offense of money laundering (or as commonly known, "money laundering") is provided for under Law 4557/2018, as currently amended.
    GreeceGovernment, Public Sector
    Psarakis & Kefalas Law Firm
    Psarakis & Kefalas Law Firm
  • Article

    Foreclosure Against Hotel Units: Creditor Practices

    In Greece, with its relatively well-developed tourism industry, there are hundreds of hotel units that are struggling to survive the various waves of economic crises, the pandemic, or the consequences of inflation.
    GreeceReal Estate and Construction
    Psarakis & Kefalas Law Firm
    Psarakis & Kefalas Law Firm
  • Article

    The 'Termination Due To Regret' In Commercial Leases Under The Regime Of Law 4242/2014 - The Role Of The Lease Information Statement Through Taxisnet

    Law 4242/2014 (Government Gazette A' 50/28.2.2014) radically changed the legal framework for commercial leases entered into after its effective date...
    GreeceCorporate/Commercial Law
    Psarakis & Kefalas Law Firm
    Psarakis & Kefalas Law Firm

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