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New insolvency regime: regulations and evaluation

LITIGATION

New insolvency regime: regulations and evaluation

The new insolvency law (4738/2020) will enter into force on 1.1.2021, transposing the EU Directive 2019/1023, providing for preventive procedures as well as a new pre-bankruptcy and bankruptcy framework. The new Law addresses numerous issues of the previous legal regime and introduces effective tools for restructuring.

 

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