The evidence provided by the Greek authorities show that Larco's debt to OER (subsequently transferred to the State) had been regularly reported and invoiced, in accordance with the 1998 debt settlement agreement agreed under the 1998 debt settlement agreement.
Sa décision de participer partiellement à l'augmentation de capital était dès lors un moyen de protéger non seulement la valeur de ses investissements mais également sa position en tant que créancier.