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Photo by Panayotis Tzamaros/Fosphotos The SEKAP case and extrajudicial debt restructuring

The law (N. 4469/2017) recently adopted by Greek Parliament, which was published on May 3 and introduces the opportunity of extrajudicial debt restructuring for natural and legal persons under specific conditions has been the cause of much discussion.

Photo by Harry van Versendaal Bad news for Greek Shipowners? Tonnage tax under European Commission scrutiny

Upon completion of a long-winded ex officio inquiry into the Greek taxation regime for shipping, the European Commission found that the pertinent legal framework includes certain provisions that may be deemed incompatible with EU state aid rules and, in particular, with the ‘EU State Aid Guidelines for Maritime Transport’ (Commission Communication C (2004) 43), which seek to maintain a level playing field for shipping within the European Union. Accordingly, by virtue of Decision C (2015) 9019 final of 18.12.2015, the Commission addressed a set of proposals to the Greek government, calling for the amendment of the said framework in such a manner as to achieve its compliance with the aforementioned EU rules.

Results 1 to 10 out of 11.