Multi Member Court of First Instance of Athens – Case Number 1041/2009

BANKRUPTCY. Bankruptcy Code. Opening of conciliation procedure. Deadline for completion of the negotiator’s work. Individual contracts of the debtor company with its lenders. Settlement of debts exceeding the two-year duration of the conciliation agreement do not affect its legality. This duration concerns the non-contracted creditors and the exercise of their rights. Contracts with creditors must be written and the handwritten signatures of both parties must be placed on the same document, without it being possible for the proposal and the acceptance to be made with separate documents. Published in Business and Corporate Law, 2010, part 7, page. 802.