Joint Liability Of The “Administrators” Of Legal Entities

By virtue of the Circular No. Ε.2173/ 2020 of the Independent Authority of Public Revenue it is clarified inter alia that article 50 of L. 4174/2013 (Code of Fiscal Procedure), hereinafter the “Regulation”, which provides -under certain prerequisites- the personal and joint liability of the “administrators” of legal entities (e.g. executive Presidents, administrators, CEOs, liquidators […]

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The New Bankruptcy Law

The draft Code of “Settlement of Debts and Granting of a Second Chance” is expected to replace entirely the existing Bankruptcy Code. The statute of bankruptcy revocation, falls into the provisions which are expected to be amended with the draft Code. More specifically, with respect to the compulsory revoked actions, the current legislation provides that […]

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Fresh S.A. Law On Related Party Transactions

The fresh law on S.A. companies (L. 4548/2018) amends broadly the regime on related party transactions, i.e. transactions with parties that could exercise control or illicit influence towards the company. Thus, pursuant to the fresh law, the competent corporate body for the granting of permission for related party transactions is in principle the Board of […]

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