In an attempt to lighten the heavy burden of the Greek judicial system, articles 178 to 206 of Law 4512/2018 on Arrangements for the Implementation of the Structural Reforms of the Economic Adjustment Programmes and Other Provisions regulate the new mediation procedures in civil and commercial matters. This alternative extrajudicial dispute resolution method seeks to provide […]Read more
With the Greek peak summer holiday season fast approaching, hosts leasing out their properties through sharing economy digital platforms are seeking the best way ahead to make themselves compliant with the applicable regulatory framework. The current regime on short-term leases provides for a series of requirements that property managers, i.e. individuals or legal entities responsible […]Read more
Despite the severe economic crisis Greece has been facing over almost a decade, the country’s performance in dragging in foreign investment throughout the years has been marking a rather impressive track record. So far, 2017 has beendefinitely a year showcasing increased economic, commercial and corporate activity and gradually improving financial circumstances. The Greek Ministry of Finance issued in […]Read more
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 more
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 more
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 more
Dispute Resolution in Greece: An insight into the innovative ordinary procedure before first instance courts launched by the new Greek Civil Procedure Code
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 more
Assessing the impact of the crisis on the Greek labor market: will it ultimately manage to secure its rebirth?
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 more
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 more
Invest 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?
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 more