RENT ADJUSTMENT IN COMMERCIAL LEASES – CONDITIONS

The reduction in consumer purchasing power, the general economic crisis, as well as the imposition of austerity measures and other fiscal and tax measures, do not constitute extraordinary and unforeseeable events justifying the adjustment of rent in commercial leases, according to Article 388 of the Civil Code. According to Article 388 of the Civil Code,
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BANK LIABILITY FOR TRANSFER OF FUNDS TO A THIRD PARTY’S ACCOUNT WITHOUT THE CONSENT OF THE ACCOUNT HOLDER

The Court of Appeal of Athens, in its recent decision No. 4177/2022, attributed gross negligence to a bank which, through an employee, proceeded with a transfer of funds from the plaintiff’s account to the account of a third party, without taking all necessary identification measures at the time the transfer instruction was given. Specifically, according
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“Sale” of Seized Property with Judicial Authorization

The seizure of a property is logically followed by its auction. However, in cases where a buyer has already been found for the said property, it is possible—by judicial permission—to bypass the auction procedure and transfer the property directly to the interested party. In principle, the disposal of seized property is prohibited by law. An
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WILL – LIABILITY OF HEIRS OF THE DECEASED TO THE TAX AUTHORITY

Upon the death of a person, their estate, as a whole set of rights and obligations (i.e., both the assets and liabilities of the hereditary estate), is transferred to their heirs either by law or by will. According to the provision of Article 1885 of the Greek Civil Code, “The claims and debts of the
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RECOGNITION OF A CHILD BY THE FATHER – VOLUNTARY OR JUDICIAL

When a child is born out of wedlock, the law provides the father the possibility to voluntarily recognize the child, while also granting the mother the right, under certain conditions, to request judicial recognition of the child’s paternity. According to the law, the father may recognize the child as his own provided that the mother
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REAL ESTATE AND CO-LEASEHOLDING

Co-leaseholding exists when the leased property, movable or immovable, belongs to multiple persons as co-owners (joint ownership) according to Article 1113 of the Greek Civil Code, and they lease it to a third party. In cases of co-leaseholding, the lease agreement, concerning the regulation of the internal relations among the co-lessors, is governed by the
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Liability of Managing Bodies of a Legal Entity for Debts to the Public Treasury

A characteristic feature and fundamental advantage of certain companies (General Partnerships, Private Company Limited by Shares, Limited Liability Companies, Public Limited Companies) is the non-liability of their members with their personal assets regarding the company’s debts. However, concerning the company’s debts to the Public Treasury, it is possible, under certain conditions, that beyond the undisputed
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TRAFFIC ACCIDENT – LIABILITY OF THE MUNICIPALITY FOR ACCIDENTS INVOLVING STRAY ANIMALS

The law is extremely clear regarding the liability of an animal owner for causing any damage, including traffic accidents. Specifically, if the animal is a pet and has an owner, the owner is strictly liable for any damage caused, regardless of the degree of fault, except when the pet is intended for guarding the owner’s
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LEASES – COMMON EXPENSES – LIMITATION PERIOD FOR COMMON EXPENSE DEBTS

Debts arising from unpaid common expenses are barred by limitation after five years, provided that no judicial claim or collection request has been filed. The limitation of common expenses is a legal matter and typically constitutes the loss of the right to enforce a debt after the expiration of a specific period. This means that
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CIVIL LIABILITY OF THE BUILDING MANAGER

The obligations of a building manager arise from the condominium’s statute, or alternatively, the co-owners’ relationship regulations. In case of a gap in the statute, the manager’s obligations are supplemented by law. The statute includes the manager’s administrative responsibilities, primarily the repair and maintenance of the common areas of the building, the allocation of costs
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