Joint Guidance on Virtual and Hybrid International Medical Congresses

May 2022 Authors: Irene Kyriakides, Victoria Mertikopoulou, KG Law Firm Very recently, the International Federation of Pharmaceutical Manufacturers and Associations (IFPMA), the European Federation of Pharmaceutical Industries and Associations (EFPIA), and the Pharmaceutical Research and Manufacturers of America (PhRMA) published a Joint Guidance on Virtual and Hybrid International Medical Congresses, aiming to specify the parameters and factors that Companies should consider when determining which code and/or label to use as a reference for the Company activities.  The Joint Guidance clarifies,…

HRADF to Launch an International Tender

May 2022 HRADF will launch an international tender to sell a 49% equity stake in Hellenic Electricity Distribution Network Operator (DEDDIE) by the end of the year. PPC will be the seller and the tender will envisage strong rights for the minority shareholder, while all legal-accounting preparations will be implemented by the time the tender will be launched, George Stassis, chairman and CEO of PPC said, predicting strong investment interest for the distribution grid. 

KYRIAKIDES GEORGOPOULOS Law Firm advised Siemens Energy SA & Siemens Gas and Power Holding B.V.

April 2022 KYRIAKIDES GEORGOPOULOS Law Firm advised Siemens Energy SA & Siemens Gas and Power Holding B.V. with regards to the corporate restructuring of the “Greek Energy Business”. In particular, the restructuring of the Greek Energy Business was effected through the spin-off of the “Greek Energy Business” from “Siemens Electrotechnical Projects and Products SA” and its absorption by “Siemens Energy SA”, which was specifically established for the purposes of this transaction. The transaction was completed on 1 April 2022, giving effect to the remainder of the 2020 worldwide…

The State Puts for Sale an Additional 25% of the Equity of the Greek Electricity Transmission System Operator

April 2022 The Greek State will put for sale an additional 25% of the equity of the Greek Electricity Transmission System Operator (ADMHE) through an international tender inviting EU High Voltage Transmission System Operators to participate. The expected date is early 2021. ADMHE’s today shareholding structure is State Grid Europe Limited (24%) and the remaining 76% is controlled by the Greek State by 51% via two companies (ADMIE Holdings 51% and DES ADMHE 25%).

Regulation on Veterinary Medicinal Products and Repealing Directive

February 2022 Life Sciences & Healthcare team at KYRIAKIDES GEORGOPOULOS Law Firm has circulated a Newsletter on the Regulation on veterinary medicinal products and repealing Directive 2001/82/EC that entered into practice on 28 January 2022 in Greece.  The goal of the Regulation is to:  Simplify the regulatory environment and reduce administrative burden for pharmaceutical companies developing veterinary medicines; Stimulate the development of innovative veterinary medicines; Strengthen EU action to fight antimicrobial resistance. The report is available here.   

KYRIAKIDES GEORGOPOULOS Law Firm Contributes to “DLA Piper GDPR fines and data breach survey: January 2022”

February 2022 KYRIAKIDES GEORGOPOULOS Law Firm's Data Protection and Privacy Practice contributed to the “DLA Piper GDPR fines and data breach survey: January 2022”. It covers key GDPR metrics across the European Economic Area (EEA) and the UK, with regard to personal data breaches notified to regulators and the fines imposed.   The Survey includes interesting figures also for the Greek jurisdiction. Greece continues to rank considerably low among the countries covered in terms of the total number of data breaches notified and last in the number of breach notifications per 100,000 population,…

HCC’s Interim Report of the Sector Inquiry Into Fintech

January 2022 Author: Ifigeneia Argyri, Kyriakides Georgopoulos Law Firm On 22 December 2021, the Hellenic Competition Commission (‘HCC’) published the Interim Report[1] of the Sector Inquiry (‘SI’) initiated pursuant to article 40 of Law 3959/2011, on the financial technologies sector[2] (‘FinTech’). This was in cooperation with the Bank of Greece (BoG), further to a public consultation on October 30th, 2020, and the sending of an online questionnaire to 153 companies active in the provision of the financial technologies sector, both traditional (i.e. banks) and start-up providers. Whilst…

KG Advised DESFA in Securing a European Commission Unconditional Phase I Clearance for the Acquisition of a Jointly Controlling Shareholding in Gastra...

January 2022 Authors: Anastasia Dritsa, Fenia Mylonaki, Gus J. Papamichalopoulos, Konstantinos Varelas Kyriakides Georgopoulos Law Firm is delighted to have obtained the unconditional clearance in Phase I by the European Commission of the acquisition of a jointly controlling shareholding by the Hellenic Gas Transmission System Operator (DESFA) in Gastrade which will develop a Liquefied Natural Gas (LNG) Floating Storage Regasification Unit (FSRU) in Alexandroupolis, Northern Greece. The Terminal is considered a Project of Common Interest (‘PCI’) for the EU (2019-2021) and a priority project…

KG acted for EVO Payments, Inc. in Acquiring a Majority Interest in National Bank of Greece Merchant Acquiring Business

January 2022 Kyriakides Georgopoulos Law Firm advised EVO Payments, Inc. (NASDAQ: EVOP) (“EVO”), a leading global provider of payment technology integrations and acquiring solutions, in a transaction involving a long-term strategic marketing alliance with the National Bank of Greece (“NBG”) to provide merchant acquiring and payment processing services. Kyriakides Georgopoulos team led by Partners Konstantinos Vouterakos and Konstantinos Issaias and Competition Partner Anastasia Dritsa assisted EVO throughout the negotiations of transaction documents, the conduct of legal due diligence,…

Health and Food Law Developments in 2021

January 2022 Author: Maria-Oraiozili Koutsoupia 2021 saw an unprecedented wave of regulatory changes in the health and food sectors. While the Covid-19 pandemic mandated most of the agenda, developments extended far beyond.  KYRIAKIDES GEORGOPOULOS Law Firm shares an insight into the changes and developments that happened in 2021 in Greece. Find out more here.

National Cadastre: Commencement of submission of real property statements for Rethymno (Crete) and Cyclades

Authors: Kimon Tsakiris, Katerina Politi In relation to the progress and completion of the project of the National Cadastre, on Wednesday, June 30, 2021, commenced the collection of ownership statements for the areas of Rethymnon. The deadline for submitting declarations for the area of Rethymnon ends on 30.09.2021 for the residents of Greece and on 30.12.2021 for those permanently residing abroad and the Greek State. Also, on Monday, July 5, 2021, the collection of property declarations for the area of the Cyclades islands began. The deadline for submitting declarations for the Cyclades ends…

Hellenic Competition Commission sector inquiry into the provision of private healthcare and related insurance services: The HCC focuses on the interpl...

Authors: Ifigeneia Argyri, Vicky Vlontzou LIFE SCIENCES & HEALTHCARE PRACTICE Hellenic Competition Commission sector inquiry into the provision of private healthcare and related insurance services: The HCC focuses on the interplay between Big Data and the private health care sector   The Hellenic Competition Commission (“HCC”) initiated on 05.07.2021 a sector inquiry (“SI”) into the market of provision of private health care and related insurance services[1]. This comes in the aftermath of the restructuring[2] of the private health care sector over the last five years and increasing…