Som led i privatiseringsproceduren besluttede den græske stat, at ELVO skulle sælges fritaget for alle skatte- og afgiftsforpligtelser, som var kendt før gennemførelsen af salget, og at enhver skatte- og afgiftsforpligtelse, som måtte opstå før salget, men først ville forfalde til betaling senere, skulle påhvile den græske stat. Disse vilkår indgik i udbudsbetingelserne og var kendt af alle deltagerne (hvis bud afspejlede deres forventning om, at denne gæld ville blive slettet).
As part of the privatisation process, the Greek state decided that ELVO should be sold free of all tax obligations known before the sale was completed, and that any tax obligations that would arise before the sale but become due only later should fall to the Greek state. These conditions were part of the terms of the tender procedure and known to all bidders (whose bids consequently reflected their expectation that these debts would be written off).