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Due diligence in Greece encompasses a careful, documented review of all material facts before a major transaction. In Chalandri, a northern Athens suburb, most real estate and business deals involve legal, financial, and regulatory checks. A Greek lawyer can coordinate with local notaries, tax authorities, and cadastral services to identify risks before you commit.
The goal of due diligence is to reveal hidden liabilities, verify ownership and permits, and confirm the legality of proposed actions. In urban areas like Chalandri, issues often arise with titles, building permits, or tenancy arrangements on older properties. A focused assessment helps you avoid unexpected costs or enforcement actions after signing a deal.
Because Chalandri operates under national Greek law, due diligence follows the same core principles as elsewhere in Greece, but local practices may affect how documents are obtained and interpreted. An experienced legal counsel can tailor checks to Chalandri's zoning rules, municipal records, and local tenancy regimes. This guidance increases your ability to negotiate terms and protect your investment.
Source: gov.gr - official Greek government portal for legal acts and procedures.
When buying property or starting a business in Chalandri, specific, real-world scenarios create clear need for legal support. Below are concrete examples you may encounter locally.
Working with a local attorney in Chalandri ensures you receive guidance on procedural steps, including how to engage notaries, obtain cadastral extracts, and address municipal permits. This reduces the risk of later disputes and delays. The right counsel can also help you negotiate remedies if information turns out to be incomplete or inaccurate.
The Greek legal framework for due diligence spans civil, corporate, and property law. The following named statutes and regulations are central to due diligence in Chalandri, with notes on practical apply and recent emphasis on data protection and cross-border considerations.
Αστικός Κώδικας (Civil Code) - Governs contracts, obligations, and property rights. It provides the baseline rules for evaluating enforceability of agreements, warranties, and liability in every deal vetted in Chalandri. The Civil Code is routinely consulted during real estate and corporate due diligence to assess risk allocation and remedies for breach.
Ν. 2190/1920 περί Ανωνύμων Εταιρειών (Law 2190/1920 on Anonymous Companies) - The primary statute for corporate governance, shareholder rights, and disclosure duties in Greek companies. It informs the due diligence process when reviewing corporate structures, share transfers, and fiduciary duties inside a deal in Chalandri. Amendments over the years have increased transparency requirements for investors and buyers.
Κώδικας Πολιτικής Δικονομίας (Code of Civil Procedure) - Sets out procedural rules for litigation arising from contractual or ownership disputes found during due diligence. It governs how and when disputes can be brought in Greek courts, including any interim measures and evidence rules that may impact a deal in Chalandri.
In addition to these core laws, due diligence increasingly incorporates data protection and privacy considerations under EU rules. Practically, this means handling personal data of tenants, clients, and employees with care during the review process. For cross-border elements, EU-wide norms on disclosure and privacy may apply.
Source: gov.gr - Greek Civil Code and Code of Civil Procedure; EU-law references via EUR-Lex for cross-border matters.
Due diligence is a structured review of all material facts before a transaction. It helps identify risks, verify ownership, and confirm compliance with Greek laws. A thorough check protects you from unexpected liabilities and strengthens negotiation leverage.
Start by assembling a local counsel and a notary for real estate matters. Then gather key documents such as title deeds, tax records, tenancy agreements, and corporate documents if the deal involves a company. Your attorney will coordinate document requests and assess risk areas.
Yes. A local lawyer understands municipal rules, zoning, and permits specific to Chalandri. They can obtain cadastral extracts and verify building permits to avoid border or encroachment issues later.
Essential items include the title deed, current cadastral certificate, building permits, occupancy certificates, and any tenancy agreements. Tax records and outstanding charges with the municipality or AADE should be checked as well.
For straightforward purchases, expect 2-4 weeks. More complex cases with tenancy or permit issues can extend to 6-8 weeks. Your lawyer can provide a timetable after the initial document review.
Costs vary with complexity and document volume. Typical ranges are 1-3% of the property value or a fixed fee plus disbursements. Ask for a written breakdown before starting work.
You can attempt basic checks yourself, but professional input reduces risk significantly. A lawyer ensures compliance with formalities, addresses hidden liabilities, and handles negotiations with competent authorities.
Due diligence is transaction-focused and forward-looking, addressing specific deal risks. A general audit examines ongoing financial statements or compliance, often for ongoing operations rather than a single deal.
Review property tax records with the Greek Tax Authority and municipal charges. Your lawyer can obtain official statements and confirm there are no outstanding arrears tied to the property.
Yes. Due diligence processes that handle personal data must comply with EU GDPR rules in Greece. Your counsel will recommend data minimization and secure handling practices during the review.
Document the defect in a formal report and discuss remedies with the seller or target company. Your attorney can negotiate title cure measures, price adjustments, or contract rescission if needed.
Yes. Tenancy terms, renewal rights, and rent levels can materially affect value and future use. A careful review of lease agreements and consent from landlords is essential in Chalandri.
Depending on the deal structure, you may seek indemnities, price reductions, or contract termination. Your lawyer will help you pursue remedies under the contract and applicable Greek law.
Source: EU legal references and official Greek law portals used for due diligence planning and privacy compliance.
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Disclaimer:
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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