November 2024 – Suspension of execution of Payment Order and Writ of Payment of the amount of €150.000

By decision No. 4448/2024 of the Single-Member Court of First Instance of Athens (Insurance Measures Procedure), our relevant application for the suspension of the execution of a Payment Order and the corresponding writ of payment, expedited by the debt management company, of the amount of €150,000, was accepted, due to the possibility of success of the second ground of objection, which related to the uncertainty of the claim due to the indefiniteness of the limitation of the amount for which the issuance of a payment order was requested. Furthermore, with said decision, the irreparable damage of our principals was assumed, as the continuation of the execution would make impossible the operation of the commercial activity of the objector company, as well as the everyday living of the natural persons-guarantors.

With the decision above, the expediter was temporarily prohibited, until the issuance of a final decision on our objection (which has been scheduled to be discussed in March 2032), to carry out acts of forced execution (seizure and auctions of real estate, seizure of bank deposits, etc.) against our principals, a commercial enterprise, and its legal representatives (guarantors in the disputed contracts).

For more information on this decision and the legal issues it deals with, click here.