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The Greek Insolvency Code


The financial troubles in embattled Greece have kicked off a full blown crisis in the Eurozone, engulfing Ireland and threatening to pull Portugal and most worrying of all Spain down into the sovereign debt whirlpool. Many insolvency practitioners will also have been following the Wind Hellas case where a neat piece of forum shopping whisked this insolvency filing away from Greece and into UK jurisdiction, provoking outrage amongst certain of the Company's creditors.


All of this has heightened interest in Greece's own insolvency regime. We are delighted that our good BGN friends at the Bazinas Law Firm in Athens have provided us and their clients with a very useful side-by-side translation of the Greek Insolvency Code. You can access and download this translation from their website.

Please feel free to raise any questions you may have with George Bazinas at gbazinas@bazinas.com or Yiannis Sakkas at ysakkas@bazinas.com . I am also sure that you will know now who to contact if you need any assistance in Greece.


About the author

Julie Palmer

Regional Managing Partner

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Julie is a law graduate who qualified with Price Waterhouse in 1994. Julie joined Smith & Williamson in 1997 and became a partner in 2001. With Mike Stevenson, Julie set up Middleton Partners offices in Salisbury and Southampton, both of which are now part of Begbies Traynor.

Julie is a member of the Insolvency Practitioners Association and is a Fellow of The Association of Business Recovery Professionals. Julie deals with all aspects of Corporate Recovery and turnaround work and takes all form of personal insolvency appointments.

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