Katseli Law: What Changes in Installments, the Damage and the Danger
The Katseli Law, affecting 350,000 debtors and guarantors, is causing significant backlash among private debt managers following a Supreme Court decision that alters the interest calculation method for these loans, making it a global exception in banking credit practices.
Luka Katseli: The Decision of the Supreme Court is Fair and Significant
Former minister Luka Katseli described the Supreme Court's decision regarding the calculation of interest on loans under Law 3869/2010 as positive and fair, stating that interest should now be calculated on the monthly installment rather than the total outstanding principal.
Supreme Court on 'red' loans: Decision in favor of the borrowers of the 'Katseli law' – Interest calculation based on the monthly installment
The Supreme Court decided that interest on loans under the Katseli law will be calculated based on the monthly installment rather than the total amount, favoring borrowers.
Red loans: Supreme Court Plenary's decision on Thursday
The Greek Supreme Court will issue a decision on February 5 regarding the calculation of interest for 350,000 borrowers under the Katseli Law dealing with repayment issues and the management of distressed loans.
In Favor of Borrowers: The Rapporteur in the Plenary of the Supreme Court on the Calculation of Interest on Loans under the Katseli Law
The plenary session of the Supreme Court will hold a closed-door deliberation to determine the method of calculating interest for borrowers covered by the Katseli Law.