ELSA Athens' Summer School

Kyriakides Georgopoulos Law Firm is happy to share its sponsorship of the ELSA Athens' Summer School which will focus on International Investment Law. The Summer School in International Investment Law, organised for a fourth year in a row by ELSA Athens in collaboration with the Center for Public International Law Research at the Law School of Athens and Kapodistrian University of Athens (Athens PIL) under the leadership of Athens PIL, will be held from 18 to 25 August 2019 at the Propylaea of the National and Kapodistrian University of Athens. Notably, this year's Summer School will give students from Europe and the rest of the world the opportunity to explore international investment law, one of the fastest growing areas of international law.

KG Law Firm on EU Geo-blocking Regulation

KG Law Firm’s counsel, Dr. Victoria Mertikopoulou, authored an article on the EU Geo-Blocking Regulation, published in the Greek Law Digest. This article analyses the EU Geo-Blocking Regulation and the ensuing prohibition of Online Sales Discrimination practices, based on customers' nationality, place of residence or of establishment. Prohibiting geo-blocking is one of the pillars of the EU Digital Single Market Strategy. Businesses trading online should comply accordingly. The publication examines the object, scope, main obligations, aspects of non-discrimination related to payment means, passive sales, as well as the e-commerce sector inquiry of the European Commission (2015) and the issuing of a relevant Ministerial Decision in Greece which designates competent enforcement bodies.

Kyriakides Georgopoulos Law Firm Update

Kyriakides Georgopoulos (KG) Law Firm, Greece’s largest law firm and one of the leading commercial, business and litigation law firms in the country, is announcing that following the passing of the firm’s co-founder Leonidas Georgopoulos, the partnership unanimously elects Konstantinos Gr. Vouterakos as his replacement to the Management Committee. John C. Kyriakides, a third generation lawyer, son of the co-founder of the firm Constantine Kyriakides, with a 20-year experience in litigation, arbitration and white collar crime and a member of the firm’s Management Committee since March 2017, will continue to serve the firm through his new role of Managing Partner. Alongside John, the firm will be co-managed by Gus J. Papamichalopoulos who will serve as Chairman of the Management Committee and Konstantinos Gr. Vouterakos as Member of the Management Committee.

KG Law Firm Represented HSBC

Kyriakides Georgopoulos Law Firm represented HSBC as sponsor and listing agent in the tender offer launched by Titan Cement International S.A. to acquire the shares of Titan S.A. leading to a successful relisting of the Titan Group to Euronext Brussels, Athens Exchange, and Euronext Paris. This was a highly innovative and complex process which kept KG’s team busy for more than 12 months, proving its high expertise in domestic and international capital markets and finance transactions.

Kyriakides Georgopoulos Law Firm on Overview on Cross-border Service Provisions

KG Law Firm’s partner, Effie Mitsopoulou and junior associate, Ioanna Chanoumi authored the Greek chapter in the Overview on Cross-border Service Provisions that was prepared by the European Member Firms of the Employment Law Alliance. The team participated in an overview of reporting and retention requirements, as well as other important information in connection with cross-border personnel deployment in Europe.

The Launch of the Central Ultimate Beneficial Owners Register: A New Filing Obligation for Greek Legal Entities

Pursuant to the provisions of Law 4557/2018, recent Ministerial Decision (MD) 67343/2019 (as amended by MD 73900/2019, Government Gazette issues 2443/B/2019 and 2718/B/2019) regulates specific matters regarding the launch and function of the Central Ultimate Beneficial Owners Register for Greek legal entities. Law 4557/2018 on the prevention and combat of money laundering and terrorist funding stipulated that all legal entities whose registered seat is in Greece or which conduct business activity taxed in Greece must collect and submit adequate, accurate and up-to-date information on their beneficial owners, i.e. the individuals who ultimately own or control them, to the national register established for this purpose, the CUBOR

KG Law Firm Sponsors the Greek Team’s Participation in the International Negotiation Competition

Kyriakides Georgopoulos Law Firm is proud to announce that it was a sponsor of the Greek team of the Aristotle University of Thessaloniki which participated in this year’s International Negotiation Competition (INC). The INC took place from 5th to 9th July at Sophia University in Tokyo, Japan. The INC is the oldest and most renowned competition focusing on international legal negotiation for law students from all over the world. It offers a unique educational program for international legal practice.

The Greek Ministry of Health on Conferences, Scientific Events and Educational Activities Applying to Pharmaceutical and Medical Devices Companies

The KG Law Firm’s pharmaceutical team has circulated a News Flash on the Greek Ministry of Health Circular Ref. No. Γ5α/Γ.Π.οικ 46754 in relation to Conferences, Scientific Events & Educational Activities that pertains, inter alia to Pharmaceutical and Medical Devices Companies.

KG Law Firm on Bank of Greece: Obligation of Submission of the Annual Financial Statements

KG Law Firm’s partner Claire Pavlou and junior associate, Aggelos Charalampidis discuss Bank of Greece’s obligation of submission of the Annual Financial Statements. According to Act No 2682 / 03.06.2019 of the Governor of the Bank of Greece, published in the Government Gazette No. 2453 / 21.06.2019, non-financial entities are obliged to submit their annual financial statements with the Bank of Greece.

Limitation Periods for the Hellenic Competition Commission: The Conseil D’ Etat has spoken with a New Ruling

In its much expected decision 582/2019, the Greek Supreme Administrative Court (Conseil d’ Etat), examined once more the issue of limitation periods for competition law violations and the notion of ‘reasonable time’ within which the Hellenic Competition Commission (‘HCC’) can bring cases against undertakings and delivered an ambiguous ruling which deviates from its previous decision on the matter.

Recent Developments on the Greek Strategic Investments Law

The long-awaited new law 4608/2019 re Hellenic Development Bank and Attracting Strategic Investments and Other Provisions includes provisions taking on board recommendations and proposals suggested by the Hellenic Federation of Enterprises in an effort to address non-sustainable investments as a byproduct of the previous framework(s). KG Law Firm’s team provides a complete analysis of the recent developments on the Greek Strategic Investments Law in its latest article available for download.

A Comparative Review of the Split-up Process under Greek Law 2190/1920 and New Greek Law 4601/2019

Kyriakides Georgopoulos Law Firm provides a comparative analysis of the Split-up Process under Greek Law 2190/1920 and New Greek Law 4601/2019 (or the simplification of the Split up process under New Law 4601/2019): New Greek Law 4601/2019 introduces an innovative legal framework systematizing the corporate restructurings of all legal forms of companies. Except for mergers and conversions, Law 4601/2019 also regulates the legal framework of divisions (demergers or “diaspasi” in Greek). According to the Law’s explanatory report, demerger is the act of transfer, with universal succession, of the property of a company which is dissolved without liquidation in at least two existing or newly established companies. The demerger process contributes to the adaptability of companies to new market conditions while ensuring the continuation of business activity. It is noteworthy that, contrary to the previous legal regime, the New Law extends the scope of the demergers to other forms of companies other than Société Anonyme. According to Law 4601/2019 there are three forms of demerger: (i) split up («koini diaspasi» in Greek) (ii) spin off («meriki diaspasi» in Greek) and (iii) hive down («aposchisi kladou» in Greek).