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What immediate measures should a Greek company take if it is affected by the Corona crisis?

What immediate measures should a Greek company take if it is affected by the Corona crisis?

by Digitorney | May 28, 2020 | Corporate Crisis

Due to the rise of COVID-19 pandemic, companies should implement emergency measures for the purpose of confronting the current situation. A circular issued by the Ministry of Labour provides for specific measures for the prevention of the spread of Covid-19 in view of...
Is there any state aid available for Greek companies due to the Corona crisis?

Is there any state aid available for Greek companies due to the Corona crisis?

by Digitorney | May 28, 2020 | Corporate Crisis

The Greek Government has opted for the adoption of a great number of emergency measures to mitigate the impact of the pandemic on businesses. A prerequisite for the inclusion of companies in the protection framework below is the maintenance of the same number of...
What liability risks exist for the management in Greece in a corporate crisis?

What liability risks exist for the management in Greece in a corporate crisis?

by Digitorney | May 28, 2020 | Corporate Crisis

One can think of contract liability risk and/or liability risk related to governments measures. In the field of contract liability, companies need to go over their existing contracts for interpreting force majeure and/ or hardship clauses and reexamine the legal...
When does a Greek company need to file for insolvency?

When does a Greek company need to file for insolvency?

by Digitorney | May 28, 2020 | Corporate Crisis

As per article 3 par.1 and 2 of Greek Law 3588/2007 Bankruptcy Code «a company which is unable to fulfil its overdue financial obligations in a general and permanent manner (cessation of payments) is declared bankrupt. In addition, an imminent failure for a company to...
What immediate measures should a Portuguese company take if it is affected by the Corona crisis?

What immediate measures should a Portuguese company take if it is affected by the Corona crisis?

by Digitorney | May 8, 2020 | Corporate Crisis

Given that the scenario we are living in has never been equated, there are numerous issues that managers of the most varied companies will have to take into consideration urgently.  First of all, the contractual relations established with Clients and suppliers must be...
Is there any state aid available for Portuguese companies due to the Corona crisis?

Is there any state aid available for Portuguese companies due to the Corona crisis?

by Digitorney | May 8, 2020 | Corporate Crisis

The Portuguese government approved a series of economic support measures for companies in Portugal:  > Lay off: employers in a situation of business crisis who have their situation regularized before Social Security and Tax Authority may benefit from financial...
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