Greece


Applicable Law
The new Greek Insolvency Law
Law 4738/2020 as amended by Law 4818/2021 (with full English translation)


Implementing Acts of the Directive (EU) 2019/1023
Text notified to the EU institutions

How Greece has implemented Directive (EU) 2019/1023 (as part of the Joint Project between INSOL Europe and LexisPSL on the implementation analysis of the Directive (EU) 2019/1023 in the EU Member States - as at 20/06/2022)

Additional information
The Greek Insolvency Code 
As amended by Law 4472/2017 (with full English translation)
NOTE: The Greek Insolvency Code has now been repealed by law 4738/2020 but still applies to pending proceedings.

The Greek Insolvency Legislation on Non-Performing Loans
Law 4354/2015 on Non-Performing Loans as amended by Laws 4389/2016 and 4393/2016 (with full English translation)

The Greek Insolvency Legislation on Non-Performing Loans
Law 4354/2015 on Non-Performing Loans (with full English translation)


Reported by George B. BAZINASYiannis SAKKAS and Ioannis BAZINAS, Bazinas Law Firm, Athens, Greece
Information also available online via Bazinas Law Firm
Last update: March 2023


 

Latest News

Northvolt files for bankruptcy in Sweden

On 12 March 2025 Northvolt released the news that, having exhausted all efforts to save the future of the company, Northvolt AB has filed for bankruptcy in Sweden after facing severe financial challenges.…

Quiz Clothing to close 23 stores as it calls in administrators

UK fashion store Quiz Clothing has fallen into administration this year, with professionals from Teneo handling the process. The news comes weeks after consultants from Interpath were tasked with advising…

European Restructuring: 2024 in review and outlook for 2025

In 2024, Europe experienced a significant restructuring landscape, though not the wave of insolvencies some had predicted. Analysts foresee a prolonged down-cycle without extreme fluctuations, partly…

Bpifrance has over $30m on the line in Ÿnsect collapse being its biggest backer

The insolvency of Ÿnsect, a French insect protein start-up, represents a major failure for both private investors and France's Deep Tech ambitions. Despite being hailed as a model for public-private…

Find an event
Find an event
 
Year (YYYY) City Country