Initial Guidance Released on the Greek FDI Regime
August 2025
Anastasia Dritsa, Partner, Konstantinos Sidiropoulos, Senior Associate, and Ioanna Markati, Associate
Kyriakides Georgopoulos Law Firm
After a summer of anticipation among businesses and legal practitioners, the Interministerial Committee for the Screening of Foreign Direct Investments on grounds of security or public order ("ICSFDI – Δ.Ε.Ε.Α.Ξ.Ε.") has published its much-awaited initial interpretative guidance ("Guidance") regarding the implementation of Law 5202/2025 ("FDI Law"), which entered into force on 23 May 2025.
The Guidance is relatively brief but addresses key…
New Development in Public Procurement of Medicines
July 2025
Miha Stravs, Partner
Selih & partnerji
In June 2025, the European Commission initiated infringement proceedings against Slovenia (INFR(2025)4011) for alleged non-compliance with Directive 2014/24/EU on public procurement. The trigger? An amendment to the Pharmaceutical Activities Act ("ZLD-1"), which permits public pharmacy institutions to procure medicines without resorting to standard public procurement procedures.
The Commission asserts that the new regulation does not meet the conditions for exceptions allowed by the European directive, thereby violating fundamental EU law…
New Measures Regarding Crypto Assets
July 2025
The Capital Markets team of our member firm Kolcuoglu Demirkan Kocakli has recently issued a client alert “New Measures Regarding Crypto Assets”.
You may read the firm’s new client alert here.
Revised Code of Ethics issued by the Hellenic Association of Pharmaceutical Companies
June 2025
Irene Kyriakides, Partner, Dr. Victoria Mertikopoulou, Partner, and Aithra Valentina Antoniadou, Associate
The Hellenic Association of Pharmaceutical Companies (“SFEE”) has recently published on its website the revised version of its Code of Ethics, which will enter into force on 1 July 2025. The most noteworthy changes of this revised Code of Ethics may be summarized as follows:
Enrichment and amendments to the Definitions section.
Addition of a new section regarding the origin and value of self-regulation.
Possibility of incorporating the Summary of Product Characteristics…
The Hellenic Telecommunications and Post Commission (EETT) Publishes First Annual Digital Services Report under the Digital Services Act - 2024
June 2025
Anastasia Dritsa, Partner, Dr. Victoria Mertikopoulou, Partner, and Io Ligeraki, Junior Associate
Kyriakides Georgopoulos Law Firm
As of February 17, 2024, the EU Regulation (EU) 2022/2065 on Digital Services (Digital Services Act – DSA) is fully in force across all EU member states. The DSA aims to tackle illegal and harmful online content while reinforcing the protection of fundamental rights for all users by imposing new obligations on intermediary digital service providers such as online marketplaces and social media platforms. These obligations include, but are not limited to,…
Greece’s New Foreign Direct Investments Screening Regime
May 2025
Our member firm Kyriakides Georgopoulos Law Firm has recently published an in-depth analysis of the first comprehensive Foreign Direct Investment screening mechanism in Greece, aligning with EU Regulation 2019/452.
The full publication can be accessed here.
Amendments to the Capital Movements Circular
May 2025
The Banking and Finance team of our member firm Kolcuoglu Demirkan Kocakli has recently issued a client alert “Amendments to the Capital Movements Circular”.
You may read the firm’s new client alert here.
New Circular on Scientific Events
April 2025
Irene Kyriakides, Partner, Victoria Mertikopoulou, Partner, and Aithra Valentina Antoniadou, Associate
Kyriakides Georgopoulos Law Firm
On April 16th, 2025, the National Organization for Medicines (“EOF” as per its Greek acronym) issued and published on its website the highly anticipated new Circular on scientific events under prot. no. 45560/16.04.2025. The new Circular amends the relevant regulatory framework and provides for an exhaustive list of scientific events categories and restrictions. The most noteworthy provisions are summarised as follows.
Specific periods of…
BOYANOV & Co. advised NewMed Energy Balkan on the Acquisition of Interest in a Black Sea Gas Exploration License from OMV Offshore Bulgaria
March 2025
Our member firm BOYANOV & Co. advised NewMed Energy Balkan, a subsidiary of the Israeli company NewMed Energy, on the acquisition from OMV Offshore Bulgaria, a subsidiary of OMV Petrom, of a 50% interest in the oil and gas exploration permit for the 1-21 Khan Asparuh Block, located in the exclusive economic zone of Bulgaria in the deep Black Sea.
The transaction was completed on 12 March 2025 by the Ministry of Energy of Bulgaria singing the relevant agreement with the two parties after approval of the Bulgarian Council of Ministers.
NewMed Energy is Israel’s leading energy…
New Framework in Greece to Combat Falsified Medicines and Protect Public Health
March 2025
Irene Kyriakides, Partner, Victoria Mertikopoulou, Partner, Aithra Antoniadou, Associate, and Anastasia Iliopoulou, Associate
Kyriakides Georgopoulos Law Firm
Background
The rise of falsified medicines in the European Union presents a serious threat to public health. These counterfeit drugs may have incorrect packaging, labeling, or ingredients — or even falsified distribution records making their way into the market not just through illegal channels but also within the legal supply chain.
To enhance safeguards, the EU introduced Commission Delegated Regulation (EU) 2016/161…
Council of State Ruling on Reclassification of Expropriated Properties for Public Utility to Buildable Areas
March 2025
Constantinos Kavadellas, Partner, Georgia Panagopoulou, Counsel, Myria Kotrotsiou, Junior Associate, and Katerina Renieri
Kyriakides Georgopoulos Law Firm
According to recent case law from the Council of State, a property can legally be reclassified as a buildable area after its designation as a public utility area is removed.
In Decision No. 276/2025, the Council of State ruled that lifting urban expropriation and reclassifying a property from an area designated for school construction to a buildable area is lawful.
The legal criteria supporting such a reclassification include:
The…
A Year in Review – The Activity of the National Environment Guard in 2024
January 2025
Madalina Vasile, Managing Associate (Head of the Environment Practice), and Teodora Roman, Associate
Nestor Nestor Diculescu Kingston Petersen
On January 21, 2025, the National Environment Guard („NEG”) published a press release¹ on the institution’s activity report for 2024.
The press release of NEG included, among other things, a retrospective of its inspection and control activities, the key areas subject to verification, an analysis of trends compared to the previous year, as well as the outlook for 2025.
Statistics for inspection and control activities
In…
