Alert Notes

(9 results)

Going Concern Sale under the amended article 106(11) GrIC

  Recent Law 4336/2015 amended article 106(11) of the Greek Insolvency Code (GrIC) on the going concern sale of the debtor’s assets as a whole or in business segments on a clean slate basis (“special liquidation” procedure). The main changes of the law involve: The sim...

Ranking of generally preferred claims under the GrIC

Recent Law 4336/2015 amended article 154 of the Greek Insolvency Code (GrIC) on the ranking of generally preferred claims, i.e. claims invested with a priority in the proceeds from liquidation of any and all assets. Under the amended article, after the deduction of...

ESMA Call for Evidence – Private and bilateral SFIs May 2015

On 20 March 2015 the European Securities and Markets Authority (ESMA) issued a call for evidence on the approach to disclosure for Structured Finance Instruments (SFIs) originated and/or traded on a private and/or bilateral basis. The call for evidence is addressed to ·   ...

Takeover Bids - March 2013

The new capital market Bill contemplates the following changes in the rules on takeover bids: A. Minimum cash offer in mandatory bids: The highest purchase price used as minimum equitable price per share in cash offers shall now be calculated over a longer 12 month period as opposed to the 6 month...

HR Privatization Programme (March 2013)
Summary of key HR Privatization Developments (March 2013)

On 1.3.2013 a Bill was submitted to Parliament, which contemplates the following changes in the framework governing privatization: 1.     Administrative Agencies The Committee for the Monitoring and Acceptance of a privatization contract will comprise 2 employees of the compet...

HR Privatization Programme (October 2012)
Summary of key HR Privatization Developments (October 2012)

A. Administrative Agencies Τhe HR Privatization Programme under the Memorandum II Legislation (Law 3986/2011) is run by two agencies: (i) the Hellenic Republic Asset Development Fund (“HRADF”,, a private corporation formed by law and structured as a private portfolio...

Restructuring in shipping and related industries
C. Klissouras chairs a panel of global restructuring and insolvency experts

IBA, Section on Insolvency, Restructuring & Creditor's Rights, Helsinki 2012 Constantinos Klissouras co-chaired a panel of experts in shipping reorganisation & restructuring, during the annual conference of the Insolvency, Restructuring & Creditor's Rights Section of the Internatio...

CILS Fellowship
Constantinos Klissouras is made Fellow of the Center for International Legal Studies

Center of International Legal Studies Fellowship

Who is Who Legal citation
Constantinos Klissouras named Who is Who Legal specialist in restructuring and insolvency law

Constantinos Klissouras was named again a restructuring and insolvency law expert in Who is Who Legal for 2012.