Landmark decision of the Council of State
Posted May 2020
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The decision of the Council of State for the annulment of the transfer of 24 public immovable assets by the Hellenic Republic to the “Hellenic Corporation of Assets and Participations S.A.” has been issued. Said assets which are located within one of Attica’s Municipalities are considered to be assets of common use and therefore “outside of the field of transactions”. The aim of their transfer was to use them as collaterals or make use of them by other means for the payment of the Hellenic Republic’s creditors in the context of the Memorandums signed between them.
We are proud of our Law Firm’s Partners Asc. Prof. Dr. Christian Filios and Mr. Athanasios Karalekas who have represented the Municipality before the Council State in this case and have achieved a successful outcome of utmost importance since the contested ministerial decisions for such transfers were annulled.
This judgement is considered to be a landmark decision to an effort to limit such extreme demands of the Hellenic Republic’s creditors which are manifestly contrary to the country’s legal system and contravene basic legal rules and principles.
