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News & Insights

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...
10/06/2020

Beat appealed to Hellenic Competition Commission

Beat - a transportation networking company, part of the FREE NOW group, the ride-hailing joint venture of BMW and Daimler[1] - appealed to the Hellenic Competition Commission requesting its opinion regarding the alignment of Law 4530/2018 with the EU competition laws. Further to...
05/06/2020

The newly enacted Law 4690/2020 (Art.31) : Employment support mechanism

The newly enacted Law 4690/2020 (Art.31) establishes an employment support mechanism for the enterprises/employers of the private sector. The said mechanism, which shall be applicable for the period 15.06.2020 - 15.10.2020, is in the form of a short-term financial assistance by...
03/06/2020

Billable Hour Initiative

We stand together with 'Save the Children’ and ‘Billable Hour’ organisations, regarding their great initiative to support children in need during these difficult times of the pandemic. We have donated a sum equivalent to our Billable Hour, in order to help train local health...
02/06/2020

The new Law regarding the Environmental Policy of the Greek State

A new law regarding the environmental policy of the Greek State was recently published (Law 4685/2020, GG A’ 92/07.05.2020). The new law introduced some important amendments of the environmental legislation. The main aspects are summarized as follows:  a)   Extension of the...
30/05/2020

New bill voted - Drastic measures against the negative effects of the Covid-19 pandemic

Last night, the Parliament voted a new bill, which includes some drastic measures against the severe and continuing negative effects of the Covid-19 pandemic. The most important ones and those of a most urgent nature are outlined below: 1. The -generous- 40% reduction of monthly...
28/05/2020

From Lufthansa to Aegean Is State Aid the appropriate solution? Should other airlines like Aegean follow suit?

There is no doubt that one of the sectors that was hit the most due to the COVID-19 outbreak was the aviation sector. Due to the dramatical profit decrease caused by border restrictions imposed by states, Lufthansa diagnosed its inability to look for capital endorsement from the...
26/05/2020

German Constitutional Court’s Judgement on PSPP: How stable are the EU’s foundations? Are we at the brink of a Constitutional crisis?

On 5 May 2020 Germany’s Federal Constitutional Court, based on Karlsruhe, came to a groundbreaking decision, ruling for the first time ever, among others, that both Germany’s Government and Legislator violated its Constitution by not properly supervising the European Central...
18/05/2020

AKL Attorneys and Practices Highly Ranked in The Legal 500 Europe, Middle East and Africa 2020

LEGAL 500: https://www.legal500.com/firms/14635-alexiou-kosmopoulos-law-firm/19265-athens-greece/#rankings We are very pleased to announce that our firm has been ranked among the top law firms in Greece by “Legal 500”,  with our people receiving some exceptional comments and...
16/05/2020

Privatization of four Greek regional Ports

We are pleased to announce that Alexiou – Kosmopoulos has been appointed as legal advisor of the Hellenic Republic Asset Development Fund (HRADF/ ΤΑΙΠΕΔ) jointly with Your Legal Partners and Dracopoulos & Vassalakis LP, regarding the upcoming privatization of 4 Greek...

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