We briefly present the most important provisions of Law 4738/2020 (Official Government Gazette A’ 207/27.10.2020) «Debt Settlement and Second Chance Provision», aiming to address for the first time holistically the insolvency issues of natural and legal persons and incorporate the provisions of the Directive (EU) 2019/1023.
In this edition (Download PDF)
- Early warning mechanism
- Out-of-court debt settlement mechanism
- Pre-insolvency business recovery process
- Insolvency
- Debtor’s discharge
- Other Important Provisions