Greece: Measures Implemented on National/EU Level in Regulated Markets due to the COVID-19 Pandemic

KG Law Firm’s Banking, finance and capital markets’ team has circulated a NewsFlash on the measures implemented on national/EU level in regulated markets due to the COVID-19 pandemic.

COVID-19 and the Market: The HCC Urges Market Players to Comply with Competition Rules

On 7 March 2020, the Hellenic Competition Commission (HCC) issued a Press Release highlighting that the Authority will protect healthy competition in the market, consumers’ interests and economic growth during the COVID-19 pandemic. Potential intent to increase or maintain companies’ profits or pass-on financial burden to consumers through illegal agreements or unilateral abusive practices jeopardizes the public interest and harms the consumers, without any countervailing benefit for society.

Call for Joint RES Tender - April 2020

The current support scheme for RES and CHP projects in Greece was introduced by virtue of Law 4414/2016 in alignment with the EU Guidelines on State aid for Environmental Protection and Energy 2014 - 2020.

The COVID-19 (Sars-Cov-2) Pandemic and its Effect on the Performance of Contractual Obligations

Due to the socioeconomic consequences of the coronavirus pandemic, many questions have been raised regarding the potential effect of the coronavirus pandemic on the performance of contractual obligations and especially, whether it constitutes a ‘force majeure’ event.

Urgent Response Measures for Greek Employers to the Negative Consequences of Coronavirus COVID-19

New measures for employers were issued on 11 March 2020 by the Greek Government in order to respond to the negative consequences of the occurrence of coronavirus COVID-19.

HCC RunDown 2019

The Hellenic Competition Commission’s (HCC’s) investigatory activity during 2019 was marked by the biggest Dawn Raid carried out to date by HCC’s officials in the banking sector. HCC officials carried out successive unannounced ex officio investigations at the premises of a number of banks and banking associations triggered by complaints filed by market players supporting that the four systemic banks under investigation are alleged to have been involved in anti-competitive horizontal agreements in the provision of banking and payment services.

Draft Ministerial Decision on the Enactment of the Greek Gaming Regulations

On 31 December 2019, a Draft Ministerial Decision on the “Enactment of the Gaming Regulations and the Gaming Regulations Technical Specifications for the organisation and running of online games of chance” was submitted to the European Commission under the Notification Number 2019/0657/GR. The draft text will remain under public consultation for a three-month period, and it paves the way to the long-awaited granting of full online licences.

KG Law Firm Appointed by State Grid International Development Limited (SGID)

Kyriakides Georgopoulos Law Firm is delighted to announce that it has been appointed by SGID as its exclusive legal advisor in Greece, following a competitive negotiation tender process organised by SGID.

Kyriakides Georgopoulos Law Firm Contributed to the Greece Chapter on ICLG to Corporate Tax 2020

The head of KG Law Firm’s Tax Department, Panagiotis Pothos and the junior associate, Emmanouela Kolovetsiou-Baliafa drafted the Greek chapter on ICLG to Corporate Tax 2020, covering common issues in corporate tax laws and regulations – including capital gain, overseas profits, real estate, anti-avoidance, BEPS and taxing the digital economy.

The Rise of Green Bonds: Beneficial for the Environment and for Investors

What is a Green Bond? In general, a green bond is an investment product for the raising of finance for climate change solutions and the promotion of projects with environmental benefits. Practically, it is a debt instrument like any other bond with the following main characteristics: it offers a fixed return and its proceeds are used to finance (or refinance) environmentally friendly projects; it can be issued by a company, a financial institution or even the government for a fixed period; and it finances projects in areas such as energy, transportation, waste management, construction, water and land use.

KG Law Firm’s Co-Managing Partner, John Kyriakides Chaired an Open Discussion on Investment and Justice

Kyriakides Georgopoulos Law Firm’s Co-Managing Partner and Chairman of the AmCham Legislative Reform Committee, John Kyriakides, chaired an open discussion on Investment and Justice at the 30th Annual Greek Economic Summit, hosted by AmCham.

KG Law Firm is a Proud Contributor to the Gambling 2020 guide published by ICLG

Kyriakides Georgopoulos Law Firm is delighted to announce the release of the Gambling 2020 guide, published by ICLG. The guide covers common issues in gambling law and regulations – including relevant authorities and legislation, application for a license, license restrictions, digital media, enforcement and liability, in 39 jurisdictions.