Maria-Christina Raptopoulou

A revised Market Definition Notice has been adopted by the European Commission – Key takeaways

The European Commission adopted on 8 February 2024 the revised Market Definition Notice for the purposes of EU competition law, marking the first update since its adoption 27 years ago. The notice introduces a series of novelties in response to significant economic changes resulting from the rise of digital markets and globalization. The present article provides an overview of the key developments enshrined in the revised Market Definition Notice in relation to, inter alia, innovation-intensive markets, multi-sided platforms, digital ecosystems and global markets. READ FULL ARTICLE

Misleading discounts and unfair profitability: What businesses should know in order to avoid fines (in Greek)

In the past few months, the Hellenic Ministry of Development, together with the Interagency for Market Control (DI.M.E.A.), has conducted a series of inspections that led to the imposition of heavy fines to businesses that were found to have infringed the relevant legislation on misleading discounts and unfair profitability. By doing so, the Ministry of Development aims at responding to inflation pressures exerted on the Greek economy and combatting any profiteering practices exercised by businesses against consumers’ interests and welfare. The present article provides an overview of the relevant legislation in relation to misleading discounts and unfair profitability, as... READ FULL ARTICLE

Foreign Subsidies Regulation is here: What you need to know for M&A

On 12 January 2023, the European Union’s Foreign Subsidies Regulation (“FSR”) entered into force, and it has already started to apply on 12 July 2023. The impact of the FSR will be significant, in particular for M&A transactions, given that it will result in a substantial burden for businesses. In this article we provide an overview of the basic concepts of the FSR and its implications and suggest ways companies can prepare in order to comply with the relevant regulatory burdens. READ FULL ARTICLE

Digital Markets Act: the first six digital “gatekeepers” have been designated

On 6 September 2023, the European Commission designated the first six online platforms as “gatekeepers” under the DMA. This designation entails specific responsibilities for the designated undertakings who must adopt measures to comply with the obligations imposed by the DMA. In order for a digital platform to be designated as a gatekeeper, certain substantive and quantitative criteria must be fulfilled. The article provides an overview of the relevant regulatory framework, the criteria for the "gatekeepers’" designation, their obligations, as well as the European Commission's powers for the enforcement of the DMA READ FULL ARTICLE