Greece on Financial Services

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...

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...

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).