New European Anti-Money Laundering Regulation
December 2024
Konstantinos Vouterakos, Senior Partner, Apostolos Georgantas, Partner, Despina Korovesi, Associate, and Aikaterini Bitzanaki, Associate
Kyriakides Georgopoulos Law Firm
Introduction
Combating money laundering and terrorist financing is a top priority for the European Union. Recent revelations about money laundering networks and the growing threat of financing terrorist organizations have shown that the issue remains particularly relevant. As a result, the need for a coordinated and stringent approach at EU level appears more imperative than ever. In that context, on 31 May 2024,…
Adoption of Law 5164/2024 Transposing the CSRD into Greek Law
December 2024
Irene Kyriakides, Partner, Victoria Mertikopoulou, Partner, and Vassiliki Vlontzou, Associate
Kyriakides Georgopoulos Law Firm
On 12.12.2024, the Directive (EU) 2022/2464 as regards corporate sustainability reporting ("CSRD") has been transposed into Greek law with Law 5164/2024 (Government Gazette A 202/12.12.2024) ["Law 5164/2024"].
Covered Entities
Entities covered are:
All large companies as well as SMEs, except micro-undertakings, which are public interest companies;
Companies, which are parent companies of large groups;
Non-EU companies with a turnover of more…
Mandatory Insurance Against Natural Disasters: Latest Amendments
December 2024
Konstantinos Issaias, Partner, Zaphirenia Theodoraki, Senior Associate, and Vasilianna Karakatsani, Associate
Kyriakides Georgopoulos Law Firm
On December 5th, 2024, Law 5162/2024 was published, introducing significant amendments to Law 5116/2024 concerning mandatory insurance against natural disasters.
The amendments are two-fold: On the one hand the scope of mandatory insurance against natural disasters is extended to include smaller-scale businesses, while, on the other hand, mandatory private insurance against natural disasters is introduced for the first time for private-use…
DORA in Action: Insurance and Finance Enhancing Digital Resilience
November 2025
Konstantinos Issaias, Partner, Zaphirenia Theodoraki, Senior Associate, Vasilianna Karakatsani, Associate
Kyriakides Georgopoulos Law Firm
Introduction
With the increasing dominance of digitalization in the operation of Insurance and other financial institutions, Information and Communication Technology (ICT) risk has become integral to their risk profile. It is not strange therefore that it has drawn the attention of international, European and national regulatory authorities with a view to strengthening operational resilience. Nonetheless, divergent legislative frameworks as…
Greece Makes the First Step in Implementation of the AI Act
November 2024
Irene Kyriakides, Partner, Natalia Soulia, Senior Associate, Terpsithea Papanikolaou, Junior Associate
Kyriakides Georgopoulos Law Firm
The Greek AI governance framework is being gradually shaped.
Pursuant to Article 77 (2) of Regulation 2024/1689 (AI Act) the Ministry of Digital Governance published today the list of the national authorities and bodies designated to supervise or enforce the respect for fundamental rights, including the right to non-discrimination, in relation to the high-risk AI systems used for the following purposes:
biometrics;
law enforcement;
migration,…
Kyriakides Georgopoulos Law Firm Acted as Greek Legal Advisor to Becton, Dickinson and Company
November 2024
Our member firm, Kyriakides Georgopoulos Law Firm, acted as Greek legal advisor to Becton, Dickinson and Company ("BD"), a leading global medical technology company, in the local acquisition of the Critical Care business of Edwards Lifesciences. This transaction was completed as part of BD’s USD 4.2 billion global acquisition of Edwards Lifesciences' Critical Care product group, a global leader in advanced monitoring solutions. The deal unlocks new opportunities for value creation and enhances BD's portfolio of smart, connected care solutions.
The KG Law Firm project team was…
Greek Draft Law Transposing the NIS 2 Directive on Cybersecurity Open for Public Consultation
October 2024
Irene Kyriakides, Partner, Natalia Soulia, Senior Associate, Eleni Kyratzi, Associate, Terpsithea Papanikolaou, Junior Associate
Kyriakides Georgopoulos Law Firm
On October 19th, 2024, the Ministry of Digital Governance released for public consultation the draft Law transposing into Greek legislation Directive 2022/2555 (NIS2 Directive) on measures for a high common level of cybersecurity across the EU. The proposed draft Law aims to address the gaps identified in the NIS1 Directive, which is repealed by NIS2.
More specifically, both the NIS2 Directive and the draft Law apply to…
Kyriakides Georgopoulos Law Firm Advised General Atlantic on a Mandatory Tender Offer to EPSILON NET S.A.
October 2024
KG Law Firm advised General Atlantic, a global growth equity platform, on a mandatory tender offer to “EPSILON NET S.A.”, an IT and digital transformation services group, listed on the Main Market of ATHEX. Following a demanding and complex transactional road map, the tender offer was successfully completed, followed by the exercise of a squeeze-out right that led to the delisting of “EPSILON NET” from ATHEX.
KG project team comprised various internal teams to address the needs of the varied workstreams and was led throughout the long process by Konstantinos Vouterakos,…
KG Law Firm Supported Grimaldi Group on the Completion of the Heraklion Port Authority Privatisation
October 2024
Our Greek member firm, Kyriakides Georgopoulos Law Firm, supported Grimaldi Group on the successful completion of the privatisation project of Heraklion Port Authority. Upon the closing of the transaction, Symmetoches Limenos Irakliou S.A., a Grimaldi Group company, wholly owned by Grimaldi Euromed S.p.A. and Minoan Lines S.A., acquired a majority interest (67%) of Heraklion Port Authority S.A., the Heraklion port concessionaire until 2063, for the total consideration of EUR 80 million.
More information about the transaction can be found here.
New European Regulation on Instant Payments
October 2024
Konstantinos Vouterakos, Senior Partner, and Despina Korovesi, Associate
Kyriakides Georgopoulos Law Firm
Introduction
In 2017, European payment services providers agreed on a framework for instant credit transfers in euro under the auspices of the European Payments Council. Despite their undisputable practicality and their contribution in facilitating transactions, until today, the uptake of instant credit transfers in euro at EU level has not been high enough to meet the real needs of the market. For this reason, it is considered that a widespread and rapid increase in such…
KG Law Firm's Contributed to the 2024 Chambers & Partners Renewable Energy Guide for Greece
October 2024
Our Greek member firm, Kyriakides Georgopoulos Law Firm, contributed to the 2024 Chambers & Partners Renewable Energy Guide for Greece, covering both the Law and Practice and Trends and Developments sections. In this publication, Gus J. Papamichalopoulos, Senior Partner, Senior Associates Antonis N. Koumpias and Iakovos Koulouris, and Melina Kolovetsiou, Associate, provide an in-depth analysis of the legal framework and key developments in Greece’s renewable energy sector.
Learn more about the regulatory and market trends shaping the renewable energy landscape in Greece…
Battery Energy Storage Systems in the Greek Electricity Market
October 2024
Gus Papamichalopoulos, Senior Partner, Konstantinos Varelas, Senior Associate, and Iakovos Kouloris, Senior Associate
Kyriakides Georgopoulos Law Firm
In view of the increasing interest by national and international stakeholders in the developing market of the Battery Energy Storage Systems (hereinafter “BESS”) in Greece, KG Law Firm’s Energy practice breaks down the major elements related to the compensation of BESS projects.
Q: Is the BESS market developed in Greece?
A: In view of the state of the Greek energy landscape (grid congestion, high penetration of PVs), during…
