Commercial/Corporate - August 2019

The long-awaited Presidential Decree no. 75 regulating the use of surveillance systems in public spaces has been finally published on 10.9.2020 (G.G. 173/10.9.2020).

Six years after GDPR transformed data protection, artificial intelligence has emerged as the next frontier requiring regulatory intervention.

The Greek AI governance framework is being gradually shaped.

Our Data Privacy, Cybersecurity and Technology Briefing aims to update businesses of this recent development in the field of cybersecurity...

Personal data, Data protection officer, Monitoring, Technology

In a nutshell, the objective of data processing must be clear for data subjects before their personal data is collected.

Greece implemented Directive 95/46/EC with the Law on the Protection of Individuals for the Processing of Personal Data,.

Role of data processors Another notable change introduced by the GDPR is that data processors have direct obligations for the first time.

Over the past two decades, the Greek State has increasingly relied on self-financing techniques for large-scale infrastructure projects, namely concession agreements and public-private...

A number of measures imposing a short-­‐‑term bank holiday and capital controls are put into effect by the Greek legislator.

The Purchasing Companies should at all times maintain a share capital up to 100,000 euros.

Greece has introduced a mandatory Digital Registry for businesses selling or distributing tobacco, alcohol and other non-tobacco products.

Formalities. In order to create an enforceable debt obligation of the obligor to the seller: (a) is it necessary that the sales of goods or services are evidenced by a formal receivables contract; (b) are invoices alone sufficient; and ...

The Greek Ministry of National Economy and Finance has introduced a comprehensive law about Capital Market Enhancement, aiming to modernize and simplify key aspects of financial regulation in Greece.

This draft law will reportedly be submitted to a vote in the Greek parliament in February 2019.

Greek Parliament has passed on 22.5.2016 a voluminous bill with a series of reforms that paved the way for an agreement on bailout loans and debt relief discussions.

Risks potentially entailed for the company's directors/managers and shareholders.

The attorney-client privilege is a fundamental principle in Greek legislation and it is protected by a number of legal provisions.