After a few weeks of public turbulence with its board threatening with a total shutdown of operations, the troubled SEKAP tobacco company received a short stay in debt collection by a Greek court.
The company was granted a temporary stay in collection measures until January 17, after a decision taken in the administrative court of Komotini, in northern Greece, on Friday.
The historic former state company, which was bought by Greek-Russian entrepreneur Ivan Savvidis in 2013, was declared insolvent after Greek courts imposed and verified a massive fine for 2009 customs violations, totalling 44 million euros with surcharges.
SEKAP attorney Alexandros Lykourezos explained that we discussed the reasons we were requesting a suspension o…
Read the full article at: http://greece.greekreporter.com/2017/12/29/sekap-tobacco-company-gets-temporary-3-week-stay-in-debt-collection/
