Firm Profile > VAINANIDIS ECONOMOU & ASSOCIATES LAW FIRM > Athens, Greece

VAINANIDIS ECONOMOU & ASSOCIATES LAW FIRM
10 MOUROUZI STREET
10674 ATHENS
Greece

EU and competition Tier 4

VAINANIDIS ECONOMOU & ASSOCIATES LAW FIRM handles competition matters in the pharmaceuticals, hotel, construction, cosmetics, food and industrial sectors. Merger clearances and antitrust compliance work are also areas of expertise for the department, which is also experienced in handling HCC investigations relating to horizontal and vertical agreements and abuse of dominance issues. Aida Economou serves as practice head.

The firm: This year, 2020, the firm celebrates its 33rd anniversary. Through the high-quality work of its people the firm has gained the trust of international companies and distinguished international law firms.

Areas of practice: Competition law: The firm is extensively involved in competition law. Its practice includes investigations brought by the Hellenic Competition Commission regarding horizontal and vertical agreements, as well as abuse of dominance cases. It has assisted firms in dawn raids, cleared  mergers and has been successful in the rejection of complaints brought before the Commission.

The firm advises businesses on a wide range of commercial transactions and related competition law matters. Its thorough knowledge of the pharmaceutical, hotel, food and industrial products industries contributes to the provision of efficient advice on a variety of issues, including pricing and sales strategies. It assists clients in educating their employees through compliance antitrust seminars .

The firm represents clients in antitrust damages litigation and appeals before the civil courts, the administrative courts and the Council of State. Vainanidis Economou & Associates is currently involved in cases before the Competition Commission and the courts relating to  pharmaceuticals, cosmetics,  towage services and heating & cooling systems. 

 Privacy law: The firm has a consolidated experience in privacy and data protection law.  It has assisted its clients in understanding and implementing GDPR requirements.

Corporate and M&A: The wave of legislative reforms in Greek company law in recent years has created new types of companies, new mechanisms of companies’ transformations and, naturally, new challenges. The firm’s creative approach and its embedded practice of prior consultation with the competent administrative authorities have led to practical solutions and shorter periods of implementation regarding the creation of entities for the undertaking of special projects and M&A.

Commercial law and litigation: The added value offered by the firm to its clients, which allows them to move faster in an increasingly complex legal environment, is its swift and efficient reaction to requests for legal advice on a wide range of business issues, daily operations matters, corporate matters, debt collection, relations with the banks with the aim of obtaining or restructuring finance, granting of securities, etc.

With respect to dispute resolution, the firm views strategy, innovative thinking and in-depth research as the key factors to successful litigation. Disputes between shareholders, claims for loss of profits, disputes arising from insolvency and bankruptcy proceedings, objections against participation in public tenders, claims for damages relating to defective products and accidents resulting from use of equipment, claims related to distribution and agency agreements and their termination are some of the matters typically handled by the firm before the Greek courts and in international arbitration.

Employment law: The firm assists clients on all kind of matters which may arise from the moment of hiring of their employees until their dismissal, including related litigation. The economic crisis in Greece in the last years has forced many companies to restructure or even close their Greek operations and the firm has actively assisted in the implementation of these plans.

Department Name Email Telephone
Antitrust and competition Aida Economou +30.210.36.34.287
Antitrust and competition Costas Vainanidis +30.210.36.34.287
Data protection Evita Vainanidis +30.210.36.34.287
Employment Anna Kazantzidou +30.210.36.34.287
Hotels and leisure Aida Economou +30.210.36.34.287
Hotels and leisure Anna Kazantzidou +30.210.36.34.287
Pharmaceuticals Costas Vainanidis +30.210.36.34.287
Pharmaceuticals Aida Economou +30.210.36.34.287
Corporate and M&A Anita Vainanidis +30.210.36.34.287
Corporate and M&A Costas Vainanidis +30.210.36.34.287
Litigation and arbitration Aida Economou +30.210.36.34.287
Litigation and arbitration Marianna Rapti +30.210.36.34.287
Public procurement Costas Vainanidis +30.210.36.34.287
Public procurement Dimitris Katsaounis +30.210.36.34.287
Debt collection Anna Kazantzidou +30.210.36.34.287
Real estate Anita Vainanidis +30.210.36.34.287
Real estate Katerina Tolia +30.210.36.34.287
Distribution and agency Aida Economou +30.210.36.34.287
Restructuring and insolvency Dimitris Katsaounis +30.210.36.34.287
Restructuring and insolvency Costas Vainanidis +30.210.36.34.287
Photo Name Position Profile
Dr Aida Economou  photo Dr Aida Economou
 Evita Vainanidis  photo Evita Vainanidis
Number of lawyers : 10
English
French
German
Greek
Italian
Japanese
Association of European Lawyers
TAGLaw
European Competition Lawyers Forum
Contact : Dr Aida Economou (Partner, aidaeconomou@ve-legal.gr)

COMPANY/FIRM: from The Legal 500 2018 edition
TESTIMONIAL: “Vainanidis Economou & Associates Law Firm’s excellent practice provides a very high level of service. Practice head Aida Economou is a real support in negotiations.”


COMPANY/FIRM: from The Legal 500 2019 edition
TESTIMONIAL: “The competition practice is led by the very efficient and to-the-point Aida Economou.”

Aida Economou, Ph.D., Managing Partner

Aida Economou, Ph.D., Managing Partner Aida Economou talks about the effect of the Greek economic crisis on the legal business.

What do you see as the main points that differentiate vainanidis economou & associates from other law firms?

In challenging times businesses need legal guidance more than ever. Within the framework of the draconian austerity measures aiming to restructure the public sector, control public spending, open markets and eventually, lead to the path of growth, the Greek legal order has experienced in the past 7 years an unprecedented wave of legislative reforms.

Vainanidis Economou and Associates have supported their clients to find the desired direction in this complex and ever changing environment.

Businesses need practical advice, sometimes in a very limited time span. A decision may have to be taken quickly in view of the imminent insolvency of a customer or a supplier or a bank’s decision to request additional securities to maintain a line of credit.

The understanding of the client’s business together with the experience accumulated over the years and our innovative thinking constitute the key elements which generate the necessary thrust directed to problem solving.  These characteristics are expressed in our motto as a “dynamic high-quality law firm”.

Which practices do you see growing in the next 12 months? What are the drivers behind that?

The substantial legislative reforms in company law in the recent years has created new types of companies, new mechanisms for the transformation of companies and, naturally, new challenges for economic operators.

The firm’s creative approach and its embedded practice of prior consultation with the administrative authorities have led to practical solutions and shorter periods of implementation in creating entities for the undertaking of projects and in M&A transactions.

There is significant potential in this field. We also anticipate a growth in the field of competition law both because of the Hellenic Competition Commission’s increasing activity in the enforcement of competition law and the upcoming implementation in the Greek legal order of the Damages Directive.

What’s the main change you’ve made in the firm that will benefit clients?

Since our establishment 31 years ago, we have progressed due to the hard work of our people and their investment in the building of a relation of mutual trust and respect with our clients. Because of these, the firm has gained recognition from distinguished international law firms and international companies. It is on the basis of the same principles that we shall proceed in the future.

Can you give us a practical example of how you have helped a client to add value to their business?

The firm advises businesses on a wide range of commercial transactions and, very frequently, on antitrust matters. Its deep knowledge of the pharmaceutical, hotel, food and industrial products industries contributes to the provision of efficient advice. The firm has a consolidated experience in privacy and data protection law which currently constitutes a topic of broad interest due to the recent General Data Protection Regulation.

Are clients looking for stability and strategic direction from their law firms – where do you see the firm in three years’ time?

As mentioned, the Greek economic crisis has made clients regard law firms as an indispensable compass for business. This has increased our firm’s responsibility in providing good and swift advice.

 

EU AND COMPETITION

Vainanidis Economou & Associates is a dynamic law firm with offices in Athens providing high level services to national and international clients. Its practice covers multiple areas of law and a variety of business sectors.