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