KG Law Firm's Vicky Kriketou - Speaker at the Compliance and Transparency Conference for Life Sciences

Kyriakides Georgopoulos Law Firm’s counsel, Vicky Kriketou participated as a speaker at the Compliance and Transparency Conference for Life Sciences, which was held on 26th and 27th September 2019 in Amsterdam. The conference gave recognition to the best practices and offered a platform for open discussion and exchange of ideas on how to overcome the present-day challenges that compliance professionals in the life sciences industry are facing. Vicky contributed to the conference with a presentation on “Life Sciences Litigation and Risk Management”.

State Aid: European Commission Approves EUR 300 Million Public Co-Finance for the Greek Ultrafast Broadband Scheme

According to the Digital Economy and Society Index 2019 (DESI 2019), Greece ranks 26th amongst EU countries in fast broadband coverage per household. In particular, only 66% of homes have access to fast internet of above 30 Mbps, far below the EU coverage of 83%, and less than 1% have access to ultrafast broadband of at least 100 Mbps. The European Commission has recently approved as compatible State Aid €300 million of public support for Greece's Ultrafast Broadband Infrastructure Scheme (publication of decision pending - case number SA.53135). The scheme will bring ultrafast broadband services to approximately 2.400.000 customers in areas with insufficient connectivity in Greece.

The Second Round of Technology Specific (PVs & WPs) RES Tenders for 2019

The next round of two technology specific tendering processes for wind (WP) and photovoltaic (PV) parks of capacities of 287,11 and 225,45 MW respectively, are set for 12 December 2019. The applications are to be submitted until 4 November 2019.

Greece Enters Officially the GDPR Era by Implementing Law 4624/2019

Greek Parliament finally adopted the long-awaited New Data Protection Law 4624/2019 “on the Greek Data Protection Authority, the implementation of Regulation 2016/679 and the transposition of Directive 2016/680” (Government Gazette A/137/29.08.2019). The territorial scope of the new Law extends to Greek Public authorities, as well as private entities, which either: i. have an establishment in Greece or ii. process personal data within the territory of Greece or iii. process personal data of Greek citizens. Such new Law, structured mainly on the German Data Protection Law (DSAnpUG-EU) aims to adapt Greece's current data protection law to the General Data Protection Regulation (GDPR) by making use of opening clauses in order to complement the GDPR, to transpose the Law Enforcement Directive into Greek law and to regulate the establishment and functioning of the competent supervisory authority.

Capital Controls: The Last Act

The Greek Government proceeded to the lifting of the remaining capital controls restrictions as a bold sign to international markets that Greece is now back to normality while aiming to enhance the positive trends on the investment climate following the recent change in government.

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.