Tax Alert – 2025 Tax Reform Bill Submitted to the Hellenic Parliament
October 2025
Angeliki Miliakou, Partner, and Sofia Kournouti, Junior Associate
Kyriakides Georgopoulos Law Firm
A tax reform bill has been submitted to the Hellenic Parliament for voting and is expected to be adopted in the coming days. The bill introduces a comprehensive set of measures aimed at reducing the tax burden on individuals, supporting families and strengthening the income of young people.
Key amendments introduced by the bill include:
Reduction of Personal Income Tax Rates
The bill introduces reductions in personal income tax across multiple brackets and establishes a new tax…
Greece Transposes EU Directive 2022/2557 (Critical Entities Resilience Directive)
October 2025
Irene Kyriakides, Partner, Natalia Soulia, Counsel, and Terpsithea Papanikolau, Junior Associate
Kyriakides Georgopoulos Law Firm
Introduction
Greece has recently enacted Law 5236/2025, transposing the Critical Entities Resilience Directive (Directive (EU) 2022/2557, “CERD”) into national law. The new regime introduces a comprehensive framework to identify and regulate “critical entities”, namely operators which belong to certain key sectors, such as energy, transport, finance, health, water, waste management, digital infrastructure, space, public administration and food…
KG Law Firm Represented Bally’s Corporation in the Completion of the EUR 2.7 Billion Integration of its Interactive Business into Intralot S.A.
October 2025
Our member firm Kyriakides Georgopoulos Law Firm has announced it has successfully represented Bally’s Corporation in the completion of the EUR 2.7 billion cross-border integration of its Interactive Business into Intralot S.A.
The transaction included a EUR 900 million Senior Secured Notes offering, a EUR 600 million Fixed Rate Notes due 2031 and EUR 300 million Floating Rate Notes due 2031, as well as an equity raise of EUR 429 million.
The KG Law Firm team was led by Theodore Rakintzis, Partner (Capital Markets), along with Apostolos Georgantas, Partner, and Meletios Andrianos,…
Grid-Forming Technologies and their Emerging Role in Greece’s Energy Transition
September 2025
Gus J. Papamichalopoulos, Senior Partner, and Antonis N. Koumpias, Senior Associate
Kyriakides Georgopoulos Law Firm
1. The Grid Bottleneck
Greece is at a pivotal moment in its energy transition. The country has made remarkable progress in deploying renewable energy sources (RES) in recent years; however, grid infrastructure development and battery energy storage system (BESS) adoption have lagged behind. This mismatch stems from delays in approving new grid projects and in establishing a regulatory framework for BESS licensing.
Since August 2022, regulations have become increasingly…
Civil Procedure Reforms Introduced by Law 5221/2025
September 2025
John Kyriakides, Managing Partner, Vasiliki (Vicky) Kriketou, Partner, and Konstantinos Lygkonis, Associate
Kyriakides Georgopoulos Law Firm
On 28 July 2025, Law 5221/2025 was published in the Government Gazette (Issue A’ 133/28.07.2025). The Law introduces key reforms to the Civil Procedure Code ("CPC"), aimed at accelerating the delivery of justice in the Greek courts through targeted legislative measures. Most of its provisions will enter into force on January 1, 2026. The key changes introduced by the Law are as follows:
I. Filing of Lawsuits
Since the introduction of…
CBAM Under the Spotlight: The EU’s Carbon Border Adjustment Mechanism
September 2025
Gus J. Papamichalopoulos, Senior Partner, and Iakovos Koulouris, Senior Associate
Kyriakides Georgopoulos Law Firm
I. Introduction
The Carbon Border Adjustment Mechanism (CBAM) has been established by virtue of the Regulation (EU) 2023/956 of the European Parliament and of the Council (hereinafter the "CBAM Regulation") with the primary objective of preventing carbon leakage by addressing greenhouse gas emissions embedded into certain carbon-intensive commodities imported into the customs territory of the European Union (EU) from non-EU countries. The sectors currently falling…
Initial Guidance Released on the Greek FDI Regime
August 2025
Anastasia Dritsa, Partner, Konstantinos Sidiropoulos, Senior Associate, and Ioanna Markati, Associate
Kyriakides Georgopoulos Law Firm
After a summer of anticipation among businesses and legal practitioners, the Interministerial Committee for the Screening of Foreign Direct Investments on grounds of security or public order ("ICSFDI – Δ.Ε.Ε.Α.Ξ.Ε.") has published its much-awaited initial interpretative guidance ("Guidance") regarding the implementation of Law 5202/2025 ("FDI Law"), which entered into force on 23 May 2025.
The Guidance is relatively brief but addresses key…
KG Law Firm Advises Major Aviation Investors in Aircraft Acquisitions
August 2025
Aviation law experts of our member firm Kyriakides Georgopoulos Law Firm led by Claire Pavlou, Partner, alongside Amalia Pantazi, Senior Associate, advised ICBC, Dubai Aerospace and Orix Aviation international groups in the sale and lease novation of two Airbus A320 and A321 registered in Greece, and leased to a leading Greek operator.
KG Law Firm's team successfully supported the transactions to completion on demanding timeframes, committed to provide high-quality services in the growing Greek aviation sector.
EU AI Rules Now Apply to General-Purpose AI Models
August 2025
Anastasia Dritsa, Partner, and Io Ligeraki, Junior Associate
Kyriakides Georgopoulos Law Firm
As of 2 August 2025, the European Union’s landmark AI Act has officially entered into application for general-purpose AI (GPAI) models, setting a new global benchmark for transparency, safety and accountability in artificial intelligence.
A GPAI model is defined as one trained using more than 10²³ floating point operations (FLOPs) and capable of generating language (text or audio), text-to-image, or text-to-video outputs. Providers of high-impact GPAI models — those trained with more…
New Greek Law for Strengthening of Greek Capital Market Framework
August 2025
Konstantinos Vouterakos, Senior Partner, Apostolos Georgantas, Partner, Despina Korovesi, Associate, and Aikaterini Bitzanaki, Associate
Kyriakides Georgopoulos Law Firm
Introduction
The new Greek Law 5193/2025 (the “Law”) for the strengthening of the Greek capital market framework has been published. From a broader angle, the new Law aims to address modern needs by introducing provisions facilitating businesses in raising capital, upgrading the supervisory framework on various fields, such as asset management vehicles and crypto-assets and in general promoting sustainable investment…
Update on Μandatory Insurance for Vehicles and Businesses
July 2025
Konstantinos Issaias, Partner, Zaphirenia Theodoraki, Senior Associate, and Vasilianna Karakatsani, Associate
Kyriakides Georgopoulos Law Firm
In June 2025, two Ministerial Decisions, no. 94798 and no. 96806, were issued, addressing implementation matters related to mandatory insurance.
These decisions provide guidance on the newly introduced mandatory insurance coverage against natural disasters. A detailed analysis of the legal framework is available in our previous newsletter, which you can access here.
Ministerial Decision no. 94798 (Gov. Gazette 2706/B/02.06.2025)
This Decision…
KG Law Firm Advises Donkey Hotels SA and the Ioannou Family in Strategic Partnership with Azora Fund
July 2025
Our member firm Kyriakides Georgopoulos Law Firm acted for the Ioannou Family and Donkey Hotels & Resorts in a strategic partnership entered into with funds managed by AZORA Gestión, S.G.I.I.C., S.A.U., forming a close-ended joint venture to own, manage and upgrade the hospitality assets of Donkey S.A., which will be used as the common platform to pursue further investments in Greece and potentially other neighbouring markets.
Theodore Rakintzis, Partner, led the KG team joined by Maria Karampotsiou, Senior Associate, Associates Ioannis Nakis and Rodopi Maniati, and Christos Palimeris,…
