14 Jul 2025 | in ARTICLES, Corporate law, by Vassiliki Nikolaou

New Framework for the Imposition of Fines by the General Commercial Registry – Provisions for Businesses

Ministerial Decision No. 46982/18.06.2025 has entered into force, establishing the regulatory framework for the imposition of administrative sanctions by the General Commercial Registry (G.E.MI.). The decision defines the violations subject to sanctions, the criteria for calculating fines, the enforcement procedure, and the applicable fine amounts, with the aim of promoting transparency, regulatory compliance, and commercial publicity (in Greek). READ FULL ARTICLE

08 Jul 2025 | in ARTICLES, Corporate law, by Vassiliki Nikolaou

New Ministerial Decision on the General Commercial Registry (G.E.MI.) – Digitalization of Procedures

Ministerial Decision No. 36588/2025, implementing Law 4919/2022, introduces a fully digital framework for the General Commercial Registry (G.E.MI.). Key changes include the exclusive electronic issuance of certificates and copies as well as streamlined company publicity procedures. The reform aims to modernize commercial registry operations in Greece, enhancing transparency, legal certainty, and alignment with EU standards (in Greek). READ FULL ARTICLE

04 Jun 2025 | in ARTICLES, Corporate law, by Eleonora Ligoutsikou and Stella Petraki

Amendments of Greek Development Law – Key Reforms

On June 2nd, Law 5203/2025 was enacted, restructuring and amending the existing Development Law 4887/2022. The amendment introduces several key changes, including the establishment of new aid schemes alongside the revision or abolition of existing ones, the introduction of a fast-track licensing incentive and a loan guarantee incentive under specific schemes, the enhancement of evaluation and audit mechanisms for investment plans, and the simplification of operations of collective administrative bodies involved in various procedural stages. In our latest article, you may find an enlightening overview of the recent changes. READ FULL ARTICLE

23 Jul 2024 | in ARTICLES, Corporate law, by Katerina Stathakarou and Vassilis Goulielmos

Adoption of restrictions with regard to Disqualified Directors – Law 5122/2024

By virtue of Law 5122/2024, the provisions of Directive (EU) 2019/1151 relating to “disqualified directors” were transposed in Greek legislation. The newly adopted measures aim to prevent fraudulent or other abusive behavior by refusing the appointment of a person as a director of a company, taking into account the former conduct of that person in their own territory, as well as on the basis of information provided from other Member States. READ FULL ARTICLE

07 Nov 2023 | in ARTICLES, Corporate law, by Vassiliki Nikolaou

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

24 May 2023 | in ARTICLES, Corporate law, by Sergios Charalambous

Submission of annual financial statements by non-financial legal entities to the Bank of Greece (in Greek)

A recent act from the Bank of Greece brought to light the obligation of non-financial legal entities to submit their annual financial statements with the Bank of Greece within a set deadline initiating from their approval by the ordinary General Assembly.READ FULL ARTICLE