June 2021
Sales of red loans and the rights of the borrower - 6 years after the adoption of the relevant law
George Psarakis LL.M. (mult.), PgCert
A settlement was reached with a credit institution and our client, a public limited company, after a 3-year legal dispute, with the settlement of loan obligations amounting to approximately EUR 3.500.000 and the write-off of an amount of approximately EUR 1.500.000. In the meantime, a decision had been issued annulling the seizure report that had been accelerated by the bank.