23 Nov 2023 | in ARTICLES, Tax law, by

New Decision of the Independent Authority for Public Revenue (IAPR) Links Tax and Business Registries (in Greek)

On October 10, 2023, the Independent Authority for Public Revenue (IAPR) published Decision 1151/2023 for the interconnection of the Tax and Business Registries. From 11 October 2023, the IAPR registry will be automatically updated in relation to a number of company changes of Sociétés Anonymes registered in the General Commercial Registry (GEMI). This article offers an overview of the aforementioned Decision and its impact on data integration. READ FULL ARTICLE

07 Nov 2023 | in ARTICLES, Corporate law, by

Single-member Sociétés Anonymes and Shareholder disclosure obligations (in Greek)

The Ministry of Development has recently issued circular no. 82772/18.09.2023 providing clarifications regarding the disclosure requirements of single-member Sociétés Anonymes. This article provides an overview of these requirements, focusing on the obligation of single-member Sociétés Anonymes to publish the details of their sole shareholder in the General Commercial Registry ("G.E.MI."), and the respective formalities that should be observed on a case-by-case basis. READ FULL ARTICLE

19 Oct 2023 | in ARTICLES, Public law – Public procurement, by

Civil liability of public authorities in the context of a RES investment as per recent judgment of the Council of State

The civil liability of a municipality in the context of lawsuit proceedings stemming from the cancellation of a RES investment due to unlawful acts and omissions of said public authority was examined by the Council of the State in its recent judgement no. 460/2023. Τhe court’s interesting reasoning particularly regarding indemnification of lost profit is briefly explored in this interesting article. READ FULL ARTICLE

09 Oct 2023 | in ARTICLES, Competition law, by and

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

06 Oct 2023 | in ARTICLES, Employment law, by and

A Comprehensive Review of the Provisions in Employment Law 5053/2023

Law 5053/2023, which entered into force on 26.09.2023, introduces important reforms in relation to employment relationships under Greek law and certain relevant administrative procedures. Apart from the transposition of Directive (EU) 2019/1152 on transparent and predictable working conditions, the Law regulates among others for the first time the on-demand employment, modifies key provisions for the probation period, enables parallel employment and work on Saturdays under certain conditions, and simplifies certain declaration obligations related to Information System ERGANI II. In this article, you can find a brief yet enlightening review of the issues above. READ FULL ARTICLE

11 Sep 2023 | in ARTICLES, Competition law, by and

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

27 Jul 2023 | in ARTICLES, Personal data protection - Intellectual Property, by and

The European Commission’s New Adequacy Decision for EU – US data flows

The European Commission has recently adopted a new Adequacy Decision on the EU-US Data Privacy Framework (DPF) in relation to data transfers to the US. The adoption of this Adequacy Decision follows years of negotiations between the EU and the US, after the invalidation of the Privacy Shield. Ιn this article, you may find the new provisions of the EU-US DPF and its implementation. READ FULL ARTICLE

19 Jul 2023 | in ARTICLES, Litigation & Arbitration, by

5 Key features and challenges of the new Law 5016/2023 for International Commercial Arbitration

In February 2023, Greece passed its new International Commercial Arbitration Law 5016/2023 that marks the culmination of a collective effort over several years. The legislative text that emerged fundamentally revisits the prior regime (L. 2735/1999), reflects, and indeed goes beyond the 2006 version of the UNCITRAL Model Law, being at the vanguard in many important respects. Five key novel features of the 2023 Law are briefly explored in the attached article. READ FULL ARTICLE

22 Jun 2023 | in ARTICLES, Banking & Finance, by and

A brief overview of the Markets in Crypto-Assets Regulation – why the fuss?

The long-awaited piece of the Digital Finance Strategy legislation puzzle, the Markets in Crypto-Assets Regulation 2023/1114 (MiCAR), has at last been published into the EU Official Journal, establishing a specific regulatory framework for specific crypto-assets: asset-referenced tokens, e-money tokens and other Crypto-Assets, not already regulated by other EU legislative acts on financial services. READ FULL ARTICLE

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