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Insights & Legal Updates

17/09/2020

Amendment of the Law 4557/2018 - The bill for the prevention and suppression of money laundering

The Ministry of Finance submitted for public consultation the law draft entitled: "Amendment of Law 4557/2018 (A '139) on the prevention and suppression of money laundering and terrorist financing - Integration in Greek legislation of Directive (EU) 2018/843 (L 156) and Article...
09/09/2020

The Real Estate industry and the effects of the Pandemic

Since the end of March 2020, most of the countries around the world have been hit, to a lesser or a greater extent, from the COVID 19 pandemic. Facing lockdowns and closed borders, everyone soon realized that this pandemic would seriously affect all the businesses  sectors. One...
17/08/2020

The new Bill regarding teleconference meeting procedures for private legal bodies and the establishment of private capital companies by electronic means.

A. MEETINGS OF COLLECTIVE BODIES OF LEGAL ENTITIES BY ELECTRONIC MEANS On Monday the 27th of July, the Bill of the Ministry of Development and Investments was submitted for discussion and voting in the Plenary Session of the Parliament, which paves the way for the electronic...
24/07/2020

Corporate Governance: The newly published Law 4706/2020

The newly published Law 4706/2020 (Government Gazette A’ 136/17.07.2020) (the “Law”), in respect of Corporate Governance, which transposes the Directive 2017/828/EU into the Greek law system, aims to modernize the internal structure of the listed companies with a view of...
23/07/2020

The Greek 'Golden-Visa' Opportunity

Over the past couple of years, the Greek real estate market showed undeniable signs of recovery after the hit it took since the onset of the economic crisis. The privileged position and the beauty of Greece along with the friendlier stance adopted by the government towards non-...
09/07/2020

Greek RES licensing process – A long anticipated reform finally in place?

The Greek Government recently passed a new law (Law 4685/2020, GG A’ 92/07.05.2020), aiming to reform environmental and RES licensing process. As regards RES projects, the acceleration of the licensing process has been the continuous demand of market participants and investors...
02/07/2020

Conviction of Greece by the European Court of Human Rights: Violation of the right of access to Court

In the recent ruling on the “Kandarakis” case, the European Court of Human Rights condemned Greece, on the basis of article Article 6 of the Convention. The applicants were lawyers registered with the Athens Bar Association. After representing a number of clients in three sets...
25/06/2020

Foreign Direct Investment Regimes in the time of Covid-19

Undoubtedly, the outbreak of Covid-19 along with the corresponding stringent public health measures, supply chain disruptions, declining demand and bleak financial prospects arising from it, has struck down significantly the Foreign Direct Investment (hereinafter “FDI”) flows...
22/06/2020

Amendment of Public Contracts due to Covid-19 / Opinion 53/2020 of the Legal Council of the State

The Covid 19 pandemic constitutes an unprecedented challenge of a crucial socio-economic magnitude, part of which relates its effect on the smooth performance of public contracts already set in place. The lockdown and the special conditions imposed by the Greek Government made...
16/06/2020

COVID-19-Litigation first results over business interruption insurance claims

On May 22nd, 2020, the Commercial Court of First Instance of Paris, France issued what appears to be the first worldwide court ruling to grant insurance compensation on COVID-19 related business interruption revenue losses (Maison Rostang vs AXA France IARD). After deeming both...

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