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How Real Estate Sales Are Completed In Practice In The Absence Of A Tax Clearance Certificate
Navigating property transfers when debts to the Greek State prevent obtaining a tax clearance certificate presents significant challenges. This article examines the court-authorised private sale mechanism under Article 998(6) of the Greek Code of Civil Procedure, which enables property transfers while limiting the State's recovery to 25% of the purchase price, and explores how this procedure is reshaping real estate transactions in Greece.
Greece Tax
PK
Psarakis & Kefalas Law Firm
Article
Greece’s Transposition Of The EU Pay Transparency Directive: What Employers Need To Know
Greece's new pay transparency law, transposing the EU Pay Transparency Directive, introduces comprehensive requirements for employers including written pay structures, gender pay gap reporting, and employee information rights. With most operational obligations taking effect from November 1, 2026, employers face strict deadlines, substantial penalties for non-compliance, and a new administrative dispute resolution procedure that shifts the burden of proof in discrimination cases.
European Union Employment
IL
Ius Laboris
Article
Auctions: Bank REOs Under Judicial Scrutiny
Greek courts are increasingly ruling that real estate acquisitions at auction by REO companies affiliated with loan servicers constitute an unlawful circumvention of statutory prohibitions. Recent judgments from the Western Macedonia Court of Appeal and Athens Court of First Instance have found that these arrangements allow servicers to maintain economic control while formally separating legal entities, depriving debtors of fair settlement opportunities and enabling below-market acquisitions.
Greece Finance
PK
Psarakis & Kefalas Law Firm
Article
Direct Claims For Damages In Partnerships
When a partnership suffers loss due to a partner's breach of duty, does the claim belong to the partnership or to the individual partners? This article explores the critical distinction between collective and personal loss in Greek partnership law, examining when wronged partners may pursue direct claims for damages. It analyzes the intersection of contractual obligations, tortious conduct, and the separate legal personality of partnerships under the Greek Civil Code.
Greece Commercial
PK
Psarakis & Kefalas Law Firm
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