Wednesday, April 1, 2020
The Greek government labors under an ongoing attempt to provide for the adverse effects of a situation which the World Health Organization characterized as a pandemic. The measures have as primary target the public health and the Greek economy at large.
Friday, March 20, 2020
Dear Clients & Friends, The Covid-19 pandemic is affecting us all in varying degrees and will continue to do so for some time. Reactions and restrictions around the world have neither been systematic nor coordinated and this results in and will continue to cause both confusion and prolongation of the crisis management measures taken.
Friday, March 20, 2020
The new set of supporting measures which was announced by the Greek Government, aiming to moderate the severe results of the corona virus epidemic on country’s struggling economy, consisted of a series of State aid tools concerning enterprises and professionals who have been harmed by the current crisis, even though they have not been directly submitted to an obligatory business lockdown.
Thursday, March 19, 2020
A new set of supporting measures was announced yesterday, by the Greek Ministry of Finance, in order to limit the effects of the corona virus epidemic on the economy. These guidelines are included in a general package of governmental initiatives to tackle the challenges that have emerged due to the spread of COVID-19 epidemic.
Friday, December 13, 2019
Vertical agreements in the motor vehicle aftermarket are governed by Motor Vehicle Block Exemption Regulation 461/2010 (MVBER), for the application of which the Commission has issued its Supplementary Guidelines (MVGL). In light of the upcoming date of expiry of MVBER on 31 May 2023, the Commission has launched a two-phase review (evaluation phase followed by an impact assessment phase) in order to determine whether it should be prolonged, revised or allowed to lapse. Based on the feedback provided by 33 respondents prior to the initiation of the public consultation, we provide below an overview of the main elements that have been outlined.
Thursday, November 28, 2019
Ballas, Pelecanos & Associates LPC, sponsored and participated through Senior Partner Gregory Pelecanos, in the 3rd Balkan and East Med Energy Forum (Athens Nov.28, 2019)
Thursday, November 21, 2019
I. INTRODUCTION In 2010 the Commission abolished the sector specific (vertical distribution in the motor vehicle sector) MVBER 1400/2002 and adopted the Vertical Block Exemption Regulation 330/2010 (VBER), which defines vertical agreements for which it can be assumed with sufficient certainty that
Thursday, November 7, 2019
In a whirlwind of activity through October 2019 , Ballas, Pelecanos & Associates LPC, was present as speaker and contributor in four conferences and one consultation.
Wednesday, November 6, 2019
The 2 nd International Arbitration Forum in Athens, discussed the general theme “ Prevailing principles of fairness, finality and public policy in International Commercial Arbitration”. Gregory Pelecanos was invited to comment on Prof. S. Brekoulakis’ (Kings College London, Chair in International
Wednesday, September 11, 2019
The Supreme Court of Greece has handed down decision No. 716/2019 in favour of Leidos Inc., definitively rejecting the Hellenic Republic’s lawsuit to annul the ICC Award (2013) in Case 16394/GZ/MHM (see below News item “Ballas Pelecanos &Associates LPC named in Global Arbitration Review”).
Tuesday, September 10, 2019
Athens Court of Appeal Decision No. 669/2019 (Injunctive Proceedings) and No. 3248/2019 (Main Set-Aside Proceedings)
In decisions handed down in February (Injunctive Proceedings) and July 2019 (Main Set-Aside Proceedings), the Athens Court of Appeal (ACoA) reinforced the enforceability of an ICC Award, in a case where the ICC Arbitral Tribunal had made a finding of corruption
Thursday, December 6, 2018
Court of Appeal annuls an € 84.500.000 fine for alleged “smuggling”, ruling that no transfer pricing violation and no “tricks” negate a finding of “smuggling” through artificially lowering wholesale prices and a Ministerial Decision requiring the “benefit” from lower wholesale prices to be passed on downstream to consumers is illegal.