Quasi – judicial tax recourse: Saving time (and money) in tax disputes against Tax Authorities
- October 27, 2017
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Almost four years ago and amid the pressure exercised on the Greek State by its European partners and the IMF by means of economic adjustment programmes and loan agreements broadly known as “memoranda”, a new tax procedural code was adopted. The main aim of the Greek Government – and a bet against all odds–was to […]
Read moreA new remedy against excessively long judicial proceedings
- July 14, 2017
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The latest amendments to the Civil Procedure Code (CPC), which will enter into force in November 2017, aim at increasing the judicial system’s efficiency and performance. In this respect, one of the main amendments relates to the excessive length of judicial proceedings. Statistics show that until September 2014, 70% of the complaints filed with the […]
Read moreGreek labor sector stays mired in high unemployment rates as debt crisis goes on
- June 14, 2017
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Almost nine years since the outset of the Greek debt crisis, the deep and prolonged recession has led to substantial decline in ordinary financial activity and has swept away a quarter of the national Gross Domestic Product (GDP), an aftermath usually observed in times of war. The ongoing crisis has had an extremely negative effect on labour market as well. In a country of 11 million people, more than one million jobs […]
Read moreDispute Resolution in Greece: An insight into the innovative ordinary procedure before first instance courts launched by the new Greek Civil Procedure Code
- November 28, 2016
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Past and recent records of litigation proceedings before first instance courts in Greece have brought to the surface a reality that depicts severe delays in case trials, most of the times coming as a result of lengthy hearings and ever-expanding caseload, as well as of many consensual or disputed trial adjournments or ex officio adjournments […]
Read moreAssessing the impact of the crisis on the Greek labor market: will it ultimately manage to secure its rebirth?
- July 20, 2016
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Since the onset of the Greek sovereign debt crisis and in the midst of non-stop negotiations with the European Commission, the European Central Bank and the IMF, Greece has been instructed to apply tight fiscal consolidation measures and implement a series of structural reforms to improve its competitiveness and boost its growth, in seek of […]
Read moreA new bankruptcybill is finally knocking on our doors
- June 6, 2016
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The bankruptcy system has never really worked in Albania and it has been practicably impossible for companies to finalize bankruptcy proceedings and be declared officially bankrupt.The main reason of such difficulties was the existence of a bankruptcy law, purely written or translated from the respective German one, the implementation of which turned out to be […]
Read moreInvest in Greek real estate: will there ever be a perfect time? Could real estate investments amid dire financial straits turn from high-risk ideas to no-brainers?
- April 7, 2016
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Over the last seven years, Greece has been under an austerity restructuring programme, receiving extended aid from European financial institutions and international creditors in an attempt to tackle its overly high deficits and incessant market stagnation. 2016 did not seem to get off to a flying start when it comes to financial markets and, in […]
Read moreStitching-up the Albanian Legislation on real estate
- April 4, 2016
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It is commonly accepted that the financial, social, and political transition of Albaniainto the post-communistera not only failed to address a major long-standing problem related to private property rights, but actually furtherjumbled up real estate ownership relationships.The fuzzy legal framework governing property rights and the absence of a proper administration systemremainmajor obstaclesto the growth of […]
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