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Press releases and law firm thought leadership

This page is dedicated to keeping readers informed of the latest news and thought leadership articles from law firms across the globe.

If your firm wishes to publish press releases or articles, please contact Shehab Khurshid on +44 (0) 207 396 5689 or


Trademark Law in Greece

Legal Framework

The most important pieces of legislation governing trademarks in Greece are the following:

- the Trademark Law (4072/2012, Part 3), as amended by Law 4155/2013. The new legislation radically changed various aspects of trademark law in Greece and is designed to harmonise the regime with the EU IP Rights Enforcement Directive (2004/48/EC and the Community trademark procedure;

"This article first appeared on World Trademark Review Yearbook 2014/2015, a supplement to World Trademark Review magazine, published by The IP Media Group. To view the publication in full, please go to"

"Olymp" marks held to be confusingly similar

In Galaktoviomichania Larisis AE v I Kesioglou & Sia OE (Opposition No B 2 107 822, December 18 2013), the Opposition Division of the Office for Harmonisation in the Internal Market has upheld in part an opposition against the registration of the trademark OLYMPOS FOODS-OLYMPOS COMMODITIESOLYMPOS MEDITERRANIAN-OLYMPOS ORGANICS-K&K FINANCE.

Scope of protection of famous marks

In LOGO AE v CISA SpA (Decision No 249/2014, January 30 2014, notified only recently), the Greek

Supreme court has held that the famous LOGO mark was not protected against the use of the sign CISA LOGO LINE for non-competing goods. This is a landmark decision which further clarifies the scope of protection of famous trademarks.


"This article first appeared on WTR Daily, part of World Trademark Review, in June 2014. For further information, please go to"

"Vara" shoe buckle recognized as famous trademark

The special IP law chamber of the Athens Multi-Member Court of First Instance has issued its decision in a case involving the famous 'Vara' buckle device, an internationally renowned symbol that has been closely associated with shoe designer Salvatore Ferragamo for more than 30 years.


"This article first appeared on WTR Daily, part of World Trademark Review, in August 2014.  For further information, please go to"

A practical guide to re-domiciliation: Relocating from Greece to Cyprus

In the wake of the fallout from the global financial crisis and subsequent recession, businesses start reassessing their corporate affairs and company re-domiciliation comes as a trend amid escalating corporate tax rates and sweeping regulatory changes. Opting for its re-domiciliation, a company may shift its domicile from one jurisdiction to another by changing the country under whose laws it is registered, without losing its corporate identity.



Lessee vs Lessor: New leasing regulations shift the balance of power

Over the last six years, Greece has been under an austerity restructuring and adjustment programme, receiving extended support from European financial institutions and international creditors, in an attempt to tackle its structural weaknesses, overly high deficits and incessant market stagnation.

Throughout the current financial turmoil, the Greek real estate market has experienced significant contraction and remains subdued, whereas commercial leases, as leases in general, have recorded a large decline in demand, inevitably resulting in excess supply, downward pricing trends and fall in transactions.  Given the slowing economy and tighter credit standards, commercial real estate activity has curtailed, as a result of business financial distress and investment reluctance, creating higher vacancy rates.

Changes in real estate prices and constant demand for downward adjustments of rent have intensified pressure to redefine market values, renegotiate rents and review leasing terms and conditions under a rebased legislative framework, in line with current occupational market needs and developments.

M&As in Greece: Stellar opportunities for profits of emerging markets in the most mature market in..

Lately, domestic and international financial and corporate players are looking closely on the Athens Exchange seeking for safe yet high return investment opportunities in Greece and the wider South East Europe through takeover bids on securities of companies established in Greece and listed on the local exchange with significant presence in the wider region. It is common knowledge that M&As consist the most transparent and efficient way to gain control of the desired "target" company, following a public offer on all or a part of the target's capital. However, this does not seem to be their unique advantage in Greek legal order. The speed of their conclusion, with an average duration of two months, allows the investor to begin with his businesses without considerable waste of time and resources. As of this, he is in position to choose a board of his own preference almost the very following day of the expiry of the public offer's time and to focus on what he primarily intended and is good at - making business.


The impact of the new Criminal and Criminal Procedure Codes on corporate activity in Romania

As of 1st  February 2014, both Criminal and Criminal Procedure Codes were implemented, replacing regulations that have been in force since 1968, drafted at a time when the political status quo in Romania not only discouraged but even forbade private initiative.

Although the previous codes have been subject to several adjustments and substantial case law may have cleared several grey areas, in order to adjust to the realities of modern economy (eg properly defining energy theft, telecommunication resources or internet access, data and the like), the need for new explicit regulation superseded the conservative approach. Despite the fact that the new provisions were initially announced as imposing milder sanctions, it appears that whereas in specific cases some sanctions have decreased, any multiple offence is now sanctioned in a more drastic manner and in some cases sanctions have even increased (for example in competition law crimes).


Impact of the new VAT draft law on foreign investments in Albania

The Government of Albania has issued the final version of the draft law on Value Added Tax. According to the Minister of Finance, once approved by the Parliament, the new VAT law is expected to enter into force on January 1, 2015 and replace the current law on VAT, as well as all respective regulations. The draft law has been prepared with the support of the European Union, setting as its principal aim to harmonize legislation on VAT with the acquis communautaire, in compliance with the Stabilisation and Association Agreement.

Privatisation Alert

The Hellenic Republic Asset Development Fund (the Fund) launches a tender for the sale of the shares of the HELLENIC COMPANY FOR ROLLING STOCK MAINTENANCE S.A. (ROSCO)



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