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GreeceSupreme Court hears arguments between funds and defaulted borrowers

Supreme Court hears arguments between funds and defaulted borrowers

Hellenic News of America
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The Supreme Court of Greece discussed on Thursday a disagreement between funds and banks on one hand and defaulted-loan borrowers on the other, over the legal framework and the rights of the latter.

Discussion focused on two conflicting laws (3156/2003 and 4354/2015) specifically relating to whether funds that acquired loans from banks have the right to seize or auction property under default.

The hearing included the full plenary of the court (67 judges, including the presiding one) and representatives of the Athens Bar Association, chambers of commerce, and businesses.
The Supreme Court’s decision is expected within the next two months.

SOURCE; ANA-MPA

The copyrights for these articles are owned by the Hellenic News of America. They may not be redistributed without the permission of the owner. The opinions expressed by our authors do not necessarily reflect the opinions of the Hellenic News of America and its representatives.

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