Greek office legal update

In this update from its Piraeus office, Stephenson Harwood takes a look at recent changes to the tonnage tax regime in Greece applying to foreign-flagged vessels enacted in January this year by the Greek government. The firm also considers the issues faced by courts in a case of enforcement against a vessel where a creditor arrests her and commences enforcement proceedings in the jurisdiction of an EU member state while the debtor has already commenced insolvency proceedings in another EU member state. Finally, it considers investment opportunities in Greece.

Considering that there is a depression in Greece, the unemployment rate is around 25 per cent, debt is high and the political situation is unstable, should one still invest in Greece? …

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