Multi Member Court of First Instance of Athens – Case Number 26/2013

Necessary content of the request to open a reorganization process. Accompanying documents. Cases of refusal to ratify the agreement. Content of the consolidation agreement may be the change of operator through the transfer of the company’s assets. The consolidation through the change of the company’s operator benefits the creditors, since, in case of violent divestiture of the assets of the company, there would be no possibility to negotiate and sell the property at fair value. The disputed application is accepted and the consolidation agreement is ratified.