The Legal 500

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.

Presentation of the Greek legal framework on the protection of free competition. As of April 2011, Greece has a new competition law (L.3959/11). The new law does not introduce radical changes and, in its core provisions, it follows articles 101, 102 TFEU and the framework of EU Regulation 1/2003.

Overview of the main recent developments addressing issues of abuse of dominance in Greece. Latest application of article 2 of Law 3959/2011 (equivalent to 102 TFEU) by the Hellenic Competition Commission and the Greek courts.

Presentation of the Greek legal framework on the protection of free competition (L. 3959/11) and its recent enforcement by the Hellenic Competition Commission

Information on recent tax law developments in Greece

An outlook of the Executive Remuneration in the Greece, which covers key points in respect to taxation (income tax and social security contribution), employment law issues, securities law, disclosure and corporate governance.

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.

The Ministry of Interior of the Republic of Cyprus, has decided upon a fast track procedure for granting an immigration Permit to applicants who are from a third country nationals and intend to invest in the Republic of Cyprus.

The Law relating to the statute of limitations for the filing of claims in the Cyprus court will finally come into effect from the 1.7.2012.

The German Federal Court of Justice (Bundesgerichtshof) with its decision X 2r 33/10, announced on August 21, 2012, rejects claims for infringement of MPEG-2 video coding patents by a Greek DVD manufacturer: The DVD, as such, is NOT a means of infringement of the patent claim in dispute.

1. Legal framework