Under which circumstances a claimant in Greece can request security measures for his claim?
Under Greek Law, a claimant (foreign or local) can apply to the relevant First Instance Court (Security Measures Section) seeking to obtain an Order freezing the assets (real estate, bank accounts or any other movable things) of his opponent. The relevant application is made “ex parte” and it is possible to obtain a Preliminary Order for freezing the above assets until the time of the main hearing of the application. The security applications very often are filed before the relevant Courts, particularly to secure business claims and normally they are heard within 1 up to 3 months as from their filing.