First instance court orders temporary freeze on more Folli Follie assets

22 October 2018
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An Athens first instance court on Monday afternoon ordered a temporary freeze on the assets – up to the sum of 160,000 euros – of Folli Follie, a legal decision that threatens a rescue plan for the beleaguered multinational.

The injunction came after a request by accepted a request by three investors and a foreign-based company against Athens-based FF Group. The injunction will be in effect until until a full hearing regarding measures against the company.

A first instance court decision has already ordered the freezing of bank accounts, safety deposit boxes and other financial products used by the company and seven former and current board members.

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