Table of Contents
XII
Greek Business Law
A Handbook for Businesses and Legal Practitioners
3.4. Taxation of real property
............................................................................................................................. 8
3.4.1. Taxes imposed on the transfer of property
............................................................................. 8
3.4.2. Real estate tax
...................................................................................................................................... 9
3.4.3. Special tax on real estate
................................................................................................................ 9
3.4.4. Extraordinary duty on real estate (E.E.T.I.D.E. or E.E.T.A)
.................................................10
3.4.5. Capital gains tax
...............................................................................................................................10
3.5. Restrictions in real estate property
.....................................................................................................10
3.6. Recordation of property transactions
................................................................................................11
3.7. Real estate investment companies
......................................................................................................12
4. Security Rights
...............................................................................................................................................12
4.1. Types of collateral
..........................................................................................................................................12
4.2. Perfection and priority
...............................................................................................................................13
4.2.1. Hypothec on immoveable property
.........................................................................................13
4.2.2. Hypothec pre-notation on immoveable property
............................................................13
4.2.3. Preferred ship mortgage and ship hypothec
.......................................................................14
4.2.4. Pledge on moveable tangible property
.................................................................................14
4.2.5. Pledge of a negotiable instrument
...........................................................................................14
4.2.6. Pledge of receivables and intangible property
...................................................................14
4.2.7. Guarantee
............................................................................................................................................14
4.3. Priority of liens
................................................................................................................................................14
4.4. Steps for foreclosing on and selling collateral
..............................................................................15
4.4.1. Foreclosure
...........................................................................................................................................15
4.4.2. Sale
..........................................................................................................................................................15
PART II: ISSUES IN COMMERCIAL LAW
5. Merchants and Non-Merchants
......................................................................................................17
6. Agency and Commercial Representation
..............................................................................17
6.1. Commercial agents
.......................................................................................................................................17
6.2. Distributors
.......................................................................................................................................................18
6.3. Franchising
........................................................................................................................................................19
7. Commercial Papers
....................................................................................................................................20
7.1. Bills of exchange
............................................................................................................................................20
