Contact
g.psarakis@psarakislegal.com
Areas of expertise
Banking Law, Commercial-Corporate Law, Financial Criminal Law, Tax Law, Insolvency-Consolidation Law
Languages
Greek, English, French
Education
University of Athens, Law School, (LL.B 2005)
University of Athens, Law School, Master Degree in Civil Law (LL.M 2006)
London School of Economics, Master Degree in Finance (LL.M 2007)
Athens University of Economics and Business, Vocational Training - Diploma in Tax Law (PgCert 2008)
(Scholar of the Foundation of State Scholarships for postgraduate studies in banking law abroad)
George Psarakis is a Supreme Court Lawyer, partner of the law firm and member of the Athens Bar Association. He was for more than ten years the founding partner of another law firm from which he left in 2021.
He deals mainly with commercial litigation, over-indebtedness and insolvency in companies and financial crime. He has dealt extensively with the subject of enforcement, claiming and defending against executions.
He collaborates closely with our client companies on a daily basis resolving emerging issues of daily corporate life. Having a postgraduate specialization in banking law, he often faces aggressive moves by credit institutions towards companies.
Foreclosure against hotel units: Creditor Practices
Recent developments on business loan transfers to funds and when they are considered invalid
The palette of solutions for indebted businesses
The Offence of Non-Payment of Debts to the State after the changes of Law 5090/2024
Investment Interest in the Real Estate Market by Auction
Out-of-court Workout: the arrangements with the banks and the
Is the rise in interest rates on loans justified? The Borrower's Possible Defenses
The 2004 law on compound interest: how the problem remains relevant after almost 20 years
Due Diligence in Business Acquisition
Auctions: What changes and what doesn't after the Supreme Court's plenary decision on Servicers
Leasing contracts: crucial decisions on prescription and default interest rates
Enforced Execution against Hotel Units: the Lenders' Practices
Auctions: When you do not buy property but ... litigation
Tax evasion and Imputed Income Determination based on the old and the new Tax Code
4 Appeals Court Decisions that turn the forced collection of red loans by Servicers
Tax evasion and Imputed Income Determination
Standing and involvement of NPL Servicers in legal proceedings
Borrower's Last Attempt to Rescue its Real Estate: the Opposition Against the Auction Procedure
Memorandum of Understanding (MOU): the Road to the Acquisition of the Business
The Temporary Administration of the Public Limited Company in the Act
Participation in an Auction - The 5 most common questions
The Confidentiality Clauses (NDA/CA) in Business Acquisitions
The Protection (?) of the Out-of-Court Mechanism from Auctions and other Enforcement Acts
The offence of non-payment of debts to the State (Article 25 of Law 1882/1990)
The red loans of the Agricultural Bank of Greece YEE
Sales of red loans and the rights of the borrower - 6 years after the adoption of the relevant law
The offence of bouncing a cheque and the defendant's possible defences at the hearing
The paradox of the (non-)implementation of the law on red loans
Exemption of Guarantor in a Lease Contract
A Simple Way to Protect Your Website Design - A Story and a Lesson
The Second Chance of Entrepreneurs through the New Insolvency Law
The Guarantor's Objection to Release
The Limitation Period for Loan Claims
Defending Against the Aggressive Practices of Servicers (Claims Management Companies)
The Liability of Businesses in the Event of a COVID-19 Outbreak
4 Questions-Answers on the Suspension of Payment of Cheques - The protection of non-affected CSDs
The Coronavirus Pandemic as a reason for non-payment of rent
Purchase of Property at a Forced Auction: Traps and Risks
Myth or Reality: The class of "mega-debtors"
The Effort to Negotiate Equally with Credit Institutions
The Practices of Funds (Claims Management Companies) in the Battle of "Red" Loans
The IEA's audits - Practices of Questionable Legitimacy
The Feasibility of Community Plan Registration in the light of the IQOS Litigation
Possibilities of Disinheritance after the statutory Acceptance of the Inheritance
Guarantor's Liability in a Loan - update
Dendias Law - Accelerated Liquidation of Over-indebted Enterprises
The colpo grosso of business loans
The discharge of traders from their debts under the new provisions of the Bankruptcy Code
Release of bank (and non-bank) loan guarantor
The red loans of the Agricultural Bank of Greece YEE
Bank loans in special liquidation - arrangements, settlements and litigation
Loans guaranteed by the State/ETEAN
The Banking Code of Conduct - A first assessment of the practical implications
Collection of trade receivables - The armoury of the business lender
Liability of a guarantor in a loan agreement
