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Update on the new framework on corporate insolvency

A Code for debt settlement and providing a second chance. The new insolvency framework, enacted by Law 4738/2020 (Greek Government Gazette A’ 207/27.10.2020) introduces a holistic approach to insolvency legislation in Greece and enables households and businesses to settle their debts, to the State, social insurance funds, banks, servicers and other private creditors.  The present newsletter…

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HNGIL Threatens Insolvency Action Against Struggling Bira 91

The Escalation of Vendor Risk The dispute between Hindusthan National Glass & Industries Ltd (HNGIL) and B9 Beverages marks a significant departure from standard commercial recovery efforts. By circumventing direct legal notice to the beer maker and communicating directly with institutional shareholders such as Kirin Holdings, Sofina SA, and Peak XV Partners, HNGIL has signaled…

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