In the case of borrowers of legal entities with an Annual Turnover during the last three (3) fiscal years on an Average Term of more than €1,000,000, the provisions included in Section C of Chapter 1 of the revised Code of Ethics are compulsorily applied.
In the said cases of borrowers, as the most appropriate procedure for out-of-court negotiation and seeking to resolve the relevant delays, it is considered appropriate – due to the more complex requirements of negotiation with the interests of more than one, as a rule, creditors – to follow the respective provisions of the relevant legislation (Law 4469 /2017 or article 99 of N. 3588/2007 (Government Gazette A΄ 153), as they apply from time to time.