The Legal 500

Implementation of UCITS IV Directive into Greek Law - Establishment of the Greek SICAV - Implementation of Directive 2010/73/EU amending the Prospectus of the Transparency Directives.

New Law 4072/2012, published in the Greek Government Gazette no. 86/11.04.2012, amended, among others, certain provisions of the pre-insolvency rehabilitation procedure of the Greek Bankruptcy Code (the "GBC"), recently introduced into the Greek legal system pursuant to the innovative provisions of Law 4013/2011 (Gov. Gazette no. 204/15.09.2011).

GDP is expected to shrink 6.7% in 2012 and there is little sign of any improvement. The succession of fiscal austerity measures have plunged the economy into a deep recession, and consequently are extremely unpopular. The outcome of the general elections in Greece has not only left the country in political turmoil, it has also illustrated a massive rejection of the countries austerity measures and has made Greece’s future in the Euro Zone incredibly unclear.

Kelemenis & Co. puts together all key rules governing Greek Société Anonymes. The chapter is intended to provide a single reference tool for the incorporation, shareholding, corporate governance, operation, maintenance and supervision of Greek companies limited by shares.

Kelemenis & Co.

1) minority shareholders rights and shareholders agreements, 2) S.A. taxation, 3) antitrust regulations, cartels and abuse of dominance, 4) state aid, 5) environment & industry, 6) spatial & urban planning, land uses, 7) personal data protection.

M&A activity in Greece for 2010/11. An annual review providing the Greek legal framework and the main market tendencies.                   

Dryllerakis & Associates

The legislative framework in Greece is set out in “Law 703/1977 on the Control of Monopolies and Oligopolies and the Protection of Free Competition”, as amended (“the Competition Law”). Also, as an EU Member State, the provisions of EC Regulations 1/2003 and 139/2004 will also be of relevance to the Greek jurisdiction.

A review of Greek M&A activity during 2007/2008 and the key legal rules governing it

Recent Statute 3461/2006 has introduced new rules on public bids.

(I) Overview of 2006/2007 M&A activity (II) General introduction on the legislative M&A framework (III) Foreign involvement in M&A transactions Significant transactions and Hot industries (IV) Financing of M&A: (VI Employment law (VII) Tax law (IX) Competition law.