Resolutions–Proceedings before bankruptcy–Bankruptcies

Resolution procedure is a collective proceeding before bankruptcy designed to maintain, exploit, restructure and recover the enterprise by validating the agreement provided in this chapter without compromising the collective satisfaction of creditors.

The resolution process is governed by Articles 99-106i of the sixth chapter of the Criminal Code, as it is currently in force, which is entitled “Resolution proceeding before bankruptcy”. L. 4446/2016 now governs the resolution and conciliation proceedings set out in the famous Article 99.

It should be noted that such a pre-bankruptcy procedure, like conciliation, takes place before the Greek courts. It is set out that any natural or legal person with bankruptcy capacity, which has the center of its main interests in Greece and who is in present or in threatened incapability to meet its overdue financial obligations in general, may be subject to the resolution proceeding by decision of the competent court.

It is set out that any natural or legal person with bankruptcy capacity, which has the center of its main interests in Greece and who is in present or in threatened incapability to meet its overdue financial obligations in general, may be subject to the resolution proceeding by decision of the competent court.

Natural and legal persons also have the potential of bankruptcy. Bankruptcy is declared if, based on the financial data brought to the attention of the court, it is probable that the debtor’s assets are sufficient to cover all proceeding’s costs. Otherwise, the court orders registration either of the name or the trade name of the debtor, as appropriate, in the General Commercial Register, as well as in the Bankruptcy Registers.

Flaw’s (Financial & Law Partners) legal and tax group with its long experience in the field of legal and tax consulting, undertakes to design and carry out the appropriate resolution plan for your business. We can also design your business plan for pre-bankruptcy, regarding all proceedings before bankruptcy, all resolution proceedings, as well as all bankruptcy proceedings.

The role of FLaw

Flaw’s (Financial & Law Partners) legal and tax group with its long experience in the field of legal and tax consulting, undertakes to design and carry out the appropriate resolution plan for your business. We can also design your business plan for pre-bankruptcy, regarding all proceedings before bankruptcy, all resolution proceedings, as well as all bankruptcy proceedings.

Our Services

Proceedings – Judicial remedies

Our company provides complete legal services for your tax cases

Tax audits

Αchieving the best possible result during the proceeding of each tax audit

Mediation

Providing you with the ability to resolve disputes by extrajudicial settlements

Resolution Procedures

Designing your business plan for pre-bankruptcy, regarding all proceedings before bankruptcy, all resolution proceedings, as well as all bankruptcy proceedings

Ratifications-Mergers

Guiding and successfully completing conversion or merger proceedings

Tax planning

Guarantee both security and stability of your company against the complex and constantly varying tax environment

Organization of Accounting Departments

Successfully offering high quality services, to organize and lead the accounting department of each legal entity

“Offering high quality legal & tax services”