Roger Arnold Says The Worst is Behind Us in Greece
The ongoing decline in NPL volumes in 2022 and pivot towards smaller disposals leave European lenders well positioned to withstand adverse economic conditions. Lenders are enjoying the fruits of their labours. Having...more
In this article we discuss the evolving global attention towards a less common theory of harm: common ownership. We conclude by assessing the notably bullish approach taken by the Hellenic Competition Commission (the “HCC”),...more
As the Russian invasion of Ukraine continues, so too does Russia’s isolation from the West. Member nations of the Group of Seven (G7)—the United States (U.S.), Canada, France, Germany, Italy, Japan, and the United Kingdom...more
Greece’s privacy protection authority recently announced it was fining Intellexa, an Israeli cyber tech company, EUR 50,000. The Hellenic Data Protection Authority (HDPA) imposed the fine as part of an investigation it...more
Since the execution of the Maastricht Treaty in 1992 that led to the establishment of the Euro single currency, different European Union countries have faced issues meeting the Treaty’s requirements to maintain the currency,...more
World Law Group member firms recently collaborated on a Global Venture Capital Guide that covers more than 30 jurisdictions on investment approval processes, typical investment sectors and investment structures on Venture...more
EU Council Reviews Travel Restrictions - The EU Council has recently reviewed epidemiological conditions to revise the list of countries from which travel is currently restricted due to the COVID-19 pandemic. ...more
The initiative includes a competition law sustainability “sandbox” in which market participants could team up to work on sustainable business projects. The Greek Competition Authority (HCC) has announced a public...more
A number of regulators across the globe responded to recent market volatility by introducing temporary short selling bans and/or market restrictions. Such bans have since expired as of 18 May 2020. Other regulators (including...more
Despite the strict confinement measures in Greece, the Hellenic Competition Commission (HCC) has initiated several investigations during the current lockdown. ...more
The European Securities and Markets Authority (ESMA) has confirmed the renewal of the emergency restrictions on short selling and similar transactions by the Finanzmarktaufsicht (FMA) of Austria, the Financial Securities and...more
Q1/ Applicable legislation - (a) Have the requirements of the GDPR been addressed by introducing a new law, or by updating existing legislation? Greece has implemented the requirements of the GDPR through new...more
The Hellenic Data Protection Authority (HDPA) recently imposed a EUR 150,000 fine on the international consulting firm PwC for its violations of the new European data protection regulations (the General Data Protection...more
NPLs are a hot topic, high on the European supervisory authorities' agenda. Legislative and prudential requirements to reduce NPLs are rapidly evolving. In March of 2018, the EC published a package of reforms aimed at...more
KEY FACTS OF REAL ESTATE ACQUISITIONS UNDER GREEK LAW - 1. PROCEDURE – MAIN STEPS OF REAL ESTATE ACQUISITION UNDER GREEK LAW. Acquisition of real estate property in Greece includes mainly the following steps: •...more
The US government is officially greenlighting fintech, with both the OCC and the Treasury Department issuing statements yesterday in support of the “emerging corner of the financial sector.” For the OCC, that means welcoming...more
Gas is a key source of energy supply to Europe and plays a fundamental role in Europe’s energy supply mix. Europe is a net importer of gas, which enters in one of two ways: either as natural gas transported via pipeline or...more
This booklet aims to provide an updated framework of the European NPLs market, presenting the last provisions entered into force, together with some papers of national and European Authorities and some observations of our...more
Overview of LNG in Europe - Gas is a key source of energy supply to Europe, and plays a fundamental role in Europe’s energy supply mix. Europe is a net importer of gas, which enters Europe in one of two ways: as natural...more
Maybe it’s because I have been in Europe this past week (Munich at Octoberfest actually – Men in way-too-short leather shorts, dirndls, beer steins the size of a politician’s ego, the most astonishing amount of drinking, etc....more
On December 7, the European Securities and Markets Authority (ESMA) published an opinion agreeing with the Greek regulator, the Hellenic Capital Markets Commission (HCMC), that the ban on short selling shares in five Greek...more
CCSF Lifts Suspensions on Trading in Certain Financial Instruments in Relation to Greece - Following recent developments concerning the situation in Greece, the Commission de Surveillance du Secteur Financier (CSSF) has...more
On August 3, the European Securities and Markets Authority (ESMA) issued an official opinion (Opinion), agreeing to renew for a further four weeks the emergency short selling prohibition originally imposed by the Hellenic...more
SEC Finalizes Rule on Pay Ratio Disclosure - On August 5, the Securities and Exchange Commission adopted the final rule regarding pay ratio disclosure that amends Item 402 of Regulation S-K to implement Section 953(b)...more
Suspension from Trading of Certain Financial Instruments Apropos Greece - Following a decision of the Hellenic Capital Market Commission (HCMC), the competent authority of Greece, to suspend the trading of certain...more