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Home > Journal

Mediation in Formal and Informal Insolvency: A Greek Perspective

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E.S. Papadimitriou
Papadimitriou, Eleftheria Sp.

Article from: TDM 4 (2017), in Comparative and International Perspectives on Mediation in Insolvency Matters

Abstract

In May 2017, the Greek Government passed the Law 4469/2017, which introduces a new out of court scheme concerning the voluntary debt restructuring of heavily indebted businesses. Both debtors and creditors obtain a redress mechanism in order to reach a mutually accepted agreement which will be the fruit of a negotiation procedure. The aim is the avoidance of the debtor's bankruptcy and the debt restructuring which will be beneficial for all the involved parties: debtor, creditors, employees and the State. In this novel online mechanism, a key role is reserved for mediators ...

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Suggested Citation

E.S. Papadimitriou; "Mediation in Formal and Informal Insolvency: A Greek Perspective"
TDM 4 (2017), www.transnational-dispute-management.com

URL: www.transnational-dispute-management.com/article.asp?key=2492

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