Greek Law Firms Association – New Year ...
Posted by Calavros Admin
Posted Apr 2017
Apostolidou Despina, Mavroeidi Eleni, Theodorou Marina-Eleni and Vlachos Alexandros members of our litigation team attended recently an event regarding the legal aspects of Non-Performing Loans (NPLs). Latest research has shown that currently, not only in Greece but also among other European countries the vast majority of loans have been categorized by Financial Institutions as Non-Performing Loans. Due to the increase of NPL’s worldwide, many institutions aim for an extrajudicial settlement with the NPL debtor while others tend to sell them to investors for a notably reduced price in order to decrease their risky assets and clean up their balance sheets