Multi Member Court of First Instance of Athens – Case Number 395/2013

Application to be subjected to special liquidation (article 106ια of the Bankruptcy Code) – Requirement of forming full judicial belief- Probability is not adequate. Examination of the application’s admissible submission by a legal representative of the company in accordance with Article 96 paragraph 2 of the Bankruptcy Code. Impediment to the face of the suggested liquidator- Further examination of the application’s grounding considering that a different liquidator is suggested with the intervention of right. Ascertainment of a solvent investor’s existence and its content. The concept of required capital availability. The application is rejected as substantially groundless.