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 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.

KG Law Firm Sponsored the 3rd WIB Forum on Diversity & Inclusion

Kyriakides Georgopoulos Law Firm proudly sponsored the 3rd WIB Forum, Diversity & Inclusion: Breaking Barriers to Break Through, organised by the American - Hellenic Chamber of Commerce Women in Business (WIB) Committee held on 25 November 2019 at the Athens Hilton.

The Greek Council of State Annuls a Clawback Imposition for the First Time: “The Orphans Case”

By virtue of a recent pioneer decision (1785/2019), the Council of State annulled the imposition of the clawback mechanism on “orphan drugs” on the basis that the imposition of said measure on this particular category of pharmaceutical products and therefore, their equation with other pharmaceutical products, is against the constitutional principles of Equality and Proportionality.

KG Law Firm is Advising HFSF in a Milestone Transaction for the Greek NPL Market

Kyriakides Georgopoulos Law Firm is proud to have acted as a Greek law counsel to the Hellenic Financial Stability Fund in a milestone transaction for the Greek NPL market, contemplating a long-term strategic partnership between Piraeus Bank and Intrum and the establishment of a leading credit management servicer in Greece following the hive-down of the Business Recovery Unit of Piraeus Bank and its contribution to the new servicer. 

KG Law Firm’s Team Participated in the 37th Athens Marathon

Kyriakides Georgopoulos Law Firm’s team participated in the 37th Athens Marathon – The Authentic 2019. The team, comprising of 20 team members, has once again run for a good cause, supporting MDA Hellas, an association for the care and welfare of those with neuromuscular disorders.

KG Law Firm Announced Constantine K. Kyriakides Scholarship Awardee for the Academic Year 2019/2020

It is with utmost pride that Kyriakides Georgopoulos Law Firm announces that Mrs. Maria Eleftheria Tiliakou has been awarded the Constantine K. Kyriakides Scholarship for the academic year 2019/2020.

KG Law Firm Supported the First-ever Secondary PPP Deal in Greece

Kyriakides Georgopoulos Law Firm is proud to have supported the first-ever Secondary PPP Deal in Greece. Greek PPP developer Avax sold an operational school PPP comprising 10 schools to a Swedish social infrastructure and real estate investor, Sterner Stenhus. KG Law Firm, acting for the lenders’ group (EIB/Alpha/NBG), was instrumental in the seamless closing of the transaction. The firm looks forward to reaching more PPP milestones in the Greek market.

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.