Pour the olive oil into a Dutch oven (or a large saucepan) and place it over medium-high heat.
Add the garlic and onion once the oil is ready, then saute until they soften.
Add the beef pieces and cook until no longer pink, stirring regularly.
Add liver spread and chili flakes, then mix, coating the beef with the liver spread in the process.
Pour in the stock, then add the crushed tomatoes and bay leaves.
Cover, bring to a soft boil, then lower the heat and simmer until the beef becomes tender --- typically 1 & ½ to 2 hours.
Add the chopped potatoes, carrots, and bell peppers, then continue simmering until the vegetables are soft.
Add the green peas and mix.
Taste and adjust seasoning by adding salt, ground black pepper, and (more) chili flakes.
Place the lid back, cook for a couple more minutes, then take it off the heat.
Transfer into serving plates and enjoy!