December 2024 – Lifting of Imposed Bail of 10.000€

Lifting of the bail imposed as a condition for the acceptance of a suspension of enforcement proceedings, concerning our client – the issuance of the final decision in the first instance results in the cessation of the grounds for which the bail was imposed.

By decision No. 6988/2024 of the Single-Member Court of First Instance of Athens (Interim Measures Procedure), our request for the lifting of the imposed bail of €10,000 was accepted. This bail had been imposed as a condition for the suspension of enforcement in a case involving the seizure of our client’s main business bank account by third parties, specifically concerning a commercial company engaged in the field of advanced medical technology products.

In the present case, the Court, considering the claims and evidence presented, determined that, in view of the issuance of decision No. 1496/2024 by the Single-Member Court of First Instance of Athens, which accepted our client’s objection and upheld the validity of the objection regarding the abusive nature of the execution proceedings, the grounds for which the bail was imposed no longer existed.

Specifically, the Single-Member Court of First Instance of Athens, ruling in the context of interim measures, judged that the issuance of the final decision on the objection marks the ultimate point in time for the continuation of the suspension of enforcement and the final point in time during which the grounds for the bail existed. Consequently, the Court ordered the lifting of the bail and the return of the corresponding Deposit and Loan Fund Receipt for presentation to the Deposit and Loan Fund and the collection of the bail amount of €10,000.