Greece Adopts the Long-awaited Law Implementing the 4th EU Anti-Money Laundering Directive

Greek Law 4557/2018, published on 30 July 2018, implements Directive (EU) 2015/849 on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing. Highlights of the new law include: a number of modifications relating to the areas of risk based approach; ongoing monitoring; beneficial ownership; customer due diligence; and politically exposed persons. To learn more, please download the summary of these main features, prepared by SEE Legal’s Greek member KG Law Firm.

KG Law Firm Advises on Financing of Wind Farms in Greece

Kyriakides Georgopoulos Law Firm acted as a joint Greek legal advisor to European Investment Bank and to Alpha Bank A.E. on financing of two wind parks in northern Greece. The financing was structured on a limited recourse project finance basis by means of a long-term facility in the form of a hybrid bond loan governed by the Greek Bond Law No. 3156/2003 and German law, along with relevant Greek law security documents for each Project Company. The European Investment Bank's loan is backed by the EU budget guarantee of the European Fund for Strategic Investments, the financial instrument of the…

KG Law Firm Advises on Financing of the Acquisition of Sbokos Hotel Group

Kyriakides Georgopoulos Law Firm advised Alpha Bank in relation to the financing of the acquisition of Golf Residencies SA owning and operating five major luxury hotels and resorts mainly in Crete belonging to the Sbokos Hotel Group. The acquisition was led by the Vassilakis Group in cooperation with part of the existing shareholders of the Group who retained both their stake and the management of the hotel operations. This deal gave SEE Legal's Greek member the opportunity to assist Alpha Bank once again in a highly demanding and time sensitive transaction, this time leading to a landmark project…

The Long-awaited Reform of the Greek Law on Sociétés Anonymes

It has been common ground that the legislative framework on sociétés anonymes (SAs) originally legislated back in 1920, has been, despite the various reforms since then, to some extent dysfunctional and “old-fashioned”. The limited and fragmental reform to the C.L. 2190/1920 in 2007 through Law 3604/2007 as well as a number of other amendments effected mainly for the purposes of transposing into the Greek jurisdiction company law related EU Directives were not proven sufficient to redress the above. Law 4548/2018, which was passed by the Hellenic Parliament on June 13, 2018 and was published…

Greek Law 4541/2018 brings changes to the legal framework of Limited Liability Companies

By virtue of Law 4541/2018, which has recently passed by the Greek Parliament and was entered into force upon its publication in the Government Gazette on 31.05.2018 (Bulletin A' 93), a number of significant changes are introduced in Law 3190/1955 on Limited Liability Companies (“L.L.C.”). KG Law Firm has prepared a summary of the most important amendments that the new law brings into the legal regime of L.L.C., which can be downloaded here.

Greek Draft Law for the Transposition of Insurance Distribution Directive Published

The much awaited draft law for the transposition of the Directive 2016/97 on insurance distribution (the “IDD”) has been published for consultation on June 21. The consultation period lapses on June 29, given that on July 1st all EU Member States must have their local legal frameworks transposing the IDD in place. Although the bill is still subject to amendments when brought before the Parliament, preliminary conclusions may be drawn with respect to some likely changes it brings for the insurance industry. Read more in this release of KG Law firm.

Updated Chapter “Life Sciences: Product Regulation and Liability in Greece" Published

In cooperation with Lexology and as exclusive contributors for Greece, KG Law Firm has recently launched the updated chapter “Life Sciences: Product Regulation and Liability in Greece”. In it, authors Irene Kyriakides and Nefelie Charalabopoulou examine the Greek authorities’ introduction of health technology assessments to the pharmaceutical sector as a way of assessing the interaction between science and technology in healthcare and disease prevention by July 2018. Read “Life Sciences: Product Regulation and Liability in Greece”.

KG Law Firm Announces the Appointment of Panos Alexandris as Head of the Greek Delegation of the Council of Bars and Law Societies of Europe

KG Law Firm is pleased to announce the appointment of our Partner, Panos Alexandris, as Head of the Greek Delegation of the Council of Bars and Law Societies of Europe (CCBE). Panos is a member of our Litigation and Arbitration practice and has extensive experience in international organisations that deal with European justice.

KG Law Firm's Energy Infrastructure Team Advised the Consortium of SNAM, FLYXUS and ENAGAS

KG Law Firm is happy to announce that its Energy Infrastructure team advised the Consortium of SNAM, FLYXUS and ENAGAS, which has been announced last week as the winner of the Public Gas Transmission System Operator’s privatization, a tender held by the Hellenic Republic Asset Development Fund (HRADF) and Hellenic Petroleum S.A. KG Law Firm is proud that it has been selected to work for this important privatization project given that this is the second most important privatization tender in the energy sector launched so far (the earlier one was the privatization of the Greek Electricity…

KG Law Firm Attended Business Forum and B2B Meetings in Moscow

Partners Gus J. Papamichalopoulos and Elisabeth (Lisa) Eleftheriades took part in the Business Mission and B2B meetings jointly organised by the Hellenic Federation of Enterprises (SEV) and the Russian Union of Industrialists and Entrepreneurs (RSPP) in Moscow on 30 March 2018. Kyriakides Georgopoulos Law Firm was the only Greek law firm participating in the mission.

KG Law Firm Nominated for Law Firm of the Year 2018 by Chambers and Partners Europe

KG Law Firm is honored to be nominated for Law Firm of the Year 2018 by Chambers and Partners Europe. These awards reflect notable achievements over the past 12 months including outstanding work, impressive strategic growth and excellence in client service.