Legal Framework of Credit

The ICAP - Risk Training Institute and the Centre for Lifelong Learning of the University of Piraeus create for the first time an integrated professional Mastering Credit Risk programme for credit risk managers.
The thematic areas of the "Mastering Credit Risk" training programme, the training method, examinations, and accreditation by the   University of Piraeus  guarantee the provision of essential and practical knowledge, with the sole purpose of upgrading the role of credit management executives, which involves better cash flow, collection, and profitability results for companies.
The Module "Legal Framework of Credit" as a part of the broader training programme "Mastering Credit Risk", offers the opportunity to the participants to attend it as an independent seminar and be awarded the relevant Certificate of Attendance by the Centre for Lifelong Learning of the University of Piraeus.  For the attendance of each module, ECVETs are awarded, while corporate participants can also subsidized by OAED-LAEK.


The purpose of the seminar is to provide essential knowledge about the legal framework of credit, contribute to broadening the understanding of the participants of legal matters and their practical implications on credit provided to existing or new customers-companies, for easier and early risk diagnosis and management by taking the most recommended action, in each case, in order to secure credit transactions.

Target Audience

  • Entrepreneurs
  • Chief Financial Officers
  • Business Management and Marketing Executives

Subject Areas

Means of payment & Underlying Relationship

  1. Business Current Account
  2. Cheque
  3. Bill of exchange
  4. Letters of Guarantee
  5. Stock
  6. Credit Insurance through insurance companies

Β. Assignment of Receivables

  1. Types of Assigned Receivables
  2. Types of Assignment
  3. Type of Assignment
    1 Receivables from Private Individuals
    3.2 Receivables from the Government
  4. Assignment results
C.Special Topics Ι
  1. Assumption of debt
  2. Setting off debt
  3. Writing off debt

D. Securing credit
  1. Consensus
    1.1 Prenotation - Mortgage
    1.2 Security collateral (stocks-shares-movable assets)
    1.3 Registered Pledge
  2. By Litigation - Interim Measures
    2.1 Provisional Order
    2.2 Prenotation
    2.3 Precautionary Seizure
    2.4 Judicial Sequestration

Ε. Collection of receivables

  1. Order to Pay
  2. Mediation
  3. Arbitration
  4. Lawsuit
  5. Provisionally Enforceable
  6. Write-off
F. Special Topics IΙ
  1. Defrauding Creditors
    1.1 Civil Law Section
    1.2 Criminal Law Section
  2. Transfer of Group of Assets
G. Enforced collection of receivables
  1. Seizure of movable & immovable assets
  2. Third party seizure
    2.1 Private individuals
    2.2 Government
  3. Auctioning
  4. Classification & Privileges of Creditors

What you will learn

  • You will become familiar with legal concepts about credit
  • You will better understand the current legal framework of credit
  • You will get a deeper understanding of risks associated with credit
  • You will analyze the requirements and needs, main characteristics, and risks of counterparties in transactions
  • You will improve the ability to forecast and evaluate transactions with your counterparties
  • You will be updated on current trends in jurisprudence about critical market issues regarding credit
  • You will broaden your knowledge of current issues that refer to business practices in the market
  • You will learn ways to secure and collect receivables based on current trends in relevant fields in the credit market
  • You will be able to provide added value to your enterprise or the organization that employs you

Seminar Timetable

1st & 2nd Teaching Hour
3rd & 4th Teaching Hour
5th Teaching Hour
15th of February
18.30 - 20.00
20:00 - 20:15
20.15 - 21.45
22nd of February
18.30 - 20.00
20:00 - 20:15
20.15 - 21.45
24th of February
18.30 - 20.00
20:00 - 20:15
20.15 - 21.45
26th of February
18.30 - 20.00
20:00 - 20:15
20.15 - 21.45

Course Start Date
February 2021

Cost of Attendance

  • 15 Hours
  • Synchronous e-Learning
  • Attendance Certificate
  • Subsidized by LAEK


Lawyer, Head of Rigas & Associates Law Office