Landmark Supreme Court decision for investors of a failed investment firm

17/06/2022 We are proud that our firm successfully represented 25 investors before the Supreme Court.

Our firm, represented by our Partner, Giannis Koumettis, in cooperation with our Northern Greece collaborator Giorgos Palazis, successfully represented 25 investors before the Supreme Court, following which a court decision ended their long-term dispute regarding the requested coverage of the Greek Guarantee Fund because of the failure of “Genesis AEPEY”, a former Greek brokerage firm.

The Supreme Court, inter alia, ruled that investors of a failed investment firm are entitled to Guarantee Fund coverage even if their notice to the liquidation supervisor was filed after the expiry of the relevant deadline, because such a notice is not a pre-requisite to the Guarantee Fund coverage.

For more information you can contact Giannis Koumettis from our firm.