Legal guides written by Oikonomakis Law Firm:
- Residence Permit in Greece: A Comprehensive Legal Guide for Foreign Nationals 2026
- Primary Residence Protection In Greece
- Bulgarian Plates & Tax Abuse
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Legal guides written by Oikonomakis Law Firm:
When entering into commercial transactions, property transfers, or service agreements in Greece, engaging a qualified legal advocate (dikigoros) ensures your agreements comply with Greek civil law. Contract law in Greece operates within the Law of Obligations (Enochiko Dikaio), set out in the Greek Civil Code (Astikos Kodikas). Unlike common law jurisdictions, Greek civil law does not require consideration for a contract to be legally binding; validity depends on mutual consent through offer and acceptance, party capacity, and a lawful cause (aitia) or object.
Retaining legal counsel involves distinct statutory processes and fee arrangements governed by the Greek Code of Lawyers (Law 4194/2013). Attorneys negotiate fees directly with clients via written engagement agreements, which may structure compensation as fixed fees, hourly rates, or capped performance fees. For formal court filings and transactions requiring notarization, mandatory statutory advance fee slips (paravolo proeispraxis) are issued through the local bar association. You can verify an advocate's bar admission through the Plenary of Greek Bar Associations or major regional registries such as the Athens Bar Association (DSA) or Thessaloniki Bar Association (DST).
Navigating business and personal agreements in Greece requires localized legal oversight to ensure enforceability and manage risk under civil court standards. Key scenarios include:
Contracts in Greece are governed primarily by the Greek Civil Code (Law 2250/1940, as amended) alongside targeted commercial statutes. Core principles include:
A contract is valid under the Greek Civil Code when there is mutual agreement formed by offer (protasi) and acceptance (apodochi), legal capacity of the parties, and a lawful cause and object. Anglo-American common law consideration is not required.
Yes, verbal contracts are generally enforceable under the principle of freedom of form (Civil Code Article 158). However, proving oral terms in court can be difficult, and specific agreements like real estate conveyances or corporate deeds strictly require written notarized form.
A lawyer (dikigoros) represents and advises a specific client, negotiating terms and advocating in court. A Notary Public (symvolaiografos) is a public official who authenticates statutory public deeds required for real estate transfers, mortgages, and public company formations.
Under the Code of Lawyers (Law 4194/2013), fees are freely agreed upon in writing between attorney and client, usually based on hourly billing, project fixed fees, or contingency terms. Statutory minimum advance slips apply for litigation and official deeds.
Law 4640/2019 mandates an Initial Mandatory Mediation Session (YAS) for commercial and civil contract disputes exceeding specific monetary thresholds before the case can be heard in the Court of First Instance (Protodikeio).
Remedies for breach (athetisi symvasis) under Civil Code Articles 297, 298, and 335 include specific performance, contract rescission (ynachorisi), and damages covering actual financial loss (damnum emergens) and lost profits (lucrum cessans).
Under Civil Code Article 158 and property laws, notarization by a Notary Public (symvolaiografos) is mandatory for real estate sales, creation of real property rights such as mortgages, donations, and formal corporate transactions.
The general limitation period (paragrafi) for civil contractual claims under Civil Code Article 249 is 20 years. However, claims stemming from regular commercial dealings, periodic payments, or professional service fees generally expire after 5 years (Article 250).
Yes, private commercial agreements can be drafted in English or in dual-language formats. However, for official filings before Greek courts, land registries, or public authorities, an official Greek translation certified by a licensed advocate or certified translator is required.
Penalty clauses (poiniki ritra) are valid under Civil Code Article 404 to ensure performance. However, under Article 409, a Greek court has statutory authority to reduce a penalty if the court determines it to be excessively high upon request of the debtor.
International commercial contracts in Greece fall under EU Regulation Rome I (EC No 593/2008). Parties are generally free to choose the governing law and forum, subject to mandatory local rules and public policy limits.
To verify credentials and consult public legal registries in Greece, refer to these authorities:
When seeking contract law representation in Greece, consider these practical steps:
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The information provided on this page is for general informational purposes only and does not constitute legal advice. While we strive to ensure the accuracy and relevance of the content, legal information may change over time, and interpretations of the law can vary. You should always consult with a qualified legal professional for advice specific to your situation.
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