Moreover the Greek authorities and the beneficiary argue that the two subordinated loans of EUR […] million and EUR 54,8 million that Cosco granted to PCT in order to start its investments in the port of Piraeus were not subject to stamp duty according to the generally applicable rules, as: (a) they were executed outside Greece; (b) they were paid into a bank account of PCT opened with a bank outside Greece; (c) they were repaid by PCT through a money transfer from its bank account outside Greece.
Par conséquent, en vertu du principe de territorialité consacré à l'article 8 du code sur les droits de timbre, tel qu'interprété par les juridictions grecques, les conventions de prêt en cause auraient dû donner lieu au paiement de droits de timbre selon les règles généralement applicables.