Multi Member Court of First Instance of Athens – Case Number 1015/2011

BANKRUPTCY. Conciliation procedure. Task of mediator. Way of drawing up the agreement. Concurrent statement of will on the same document are required. Conditions for judicial validation of the agreement. The contracted creditors are involved under the terms of the agreement and beyond the duration of its validity. In case of the termination of the agreement at any time, except for the bankruptcy of the debtor, creditors still have the rights provided by the agreement and they can enforce mandatory execution according to the validation court order. Published in Business and Corporate Law, 2012, part 3, page 44.