Karatzas & Partners is proud to announce that it participated as Greek legal expert in the preparation of the EBRD study on the legal framework for the enforcement of creditors’ claims in Albania, Croatia, Cyprus, Greece and Ukraine.
More specifically, our team, led by the managing partner Dr. Alexander Metallinos, prepared following the instructions of EBRD and under the coordination of DLA Piper, the Greek part of the relevant report with a view to assessing the overall effectiveness and expediency of the procedures for the satisfaction of creditor claims in our jurisdiction. The report provided inter alia a comprehensive review and analysis of the legal framework governing creditor enforcement (both outside and inside insolvency) in Greece, identified issues and practices which have or might have an adverse effect on the prompt satisfaction of creditors and realization of security and provided legal reform recommendations for ways of improving existing national legislation in order to improve the overall effectiveness and expediency of the procedures for the satisfaction of creditor claims in light of international best practices.
The full report will be presented in a conference in London on Friday, December 6. The aim of the report is to facilitate law reform in an area that is crucial for the efficient operation of the economy.
For more information: http://www.ebrd.com/news/events/d-enforcement-06122019