20 years from the enforcement of Law 2735/1999 on international commercial arbitration in Greece
The present and the future of Greek arbitration legislation
Rokas is delighted to announce that on Tuesday, March 5, 2019, a one-day conference titled “20 years since Law 2735/1999 on international commercial arbitration: Present and Future of the Greek Arbitration Law” took place at the Electra Metropolis Hotel in Athens. Ιt was attended by a full-house, among others distinguished specialists of the law, practicing lawyers as well as academics.
The conference was organized by the ICC – The International Chamber of Commerce Greece, in cooperation with Rokas Law Firm, under the auspices of the Athens Bar Association and the Hellenic Federation of Enterprises, with the participation of leading lawyers, specialising in international arbitration. Indicatively, we are mentioning a few names such as Georgios Petrochilos, Partner at Three Crowns, LLP, Athena Papafeastratiou-Fouchard, Counsel, International Arbitration and Public International Law, Eversheds Sutherland, Katia Giannaka-Small, Counsel in International Law, Arbitrator, Lecturer of Law School Gould, University of Southern California.
We were proud to have received the warmest congratulations from the Chairman of the ICC Greece Petros Doukas and from major stakeholders in the local market, for our contribution to the excellent organization of the event.
The aim of the event was to set the agenda for the forthcoming changes in Greek arbitration law. Crucial issues relating to the status of arbitration law in Greece, 20 years after the adoption by Greece of the UNCITRAL Model Law on International Commercial Arbitration, and the upcoming adaptation of the Greek Law to the 2006 revision of the UNCITRAL Model Law, as well as the required wider changes to Greek arbitration law.
This is a matter of general interest, as it does not only concern the dispute resolution mechanism of large economic value projects, but also involves accelerating justice in Greece by channelling a considerable number of disputes, even of lesser economic value, from the Greek courts to arbitration.
At the end of the conference a round-table discussion took place moderated by the former Prime-minister and President h.c. of the Administrative Supreme Court Mr. Panagiotis Pikrammenos. During this discussion, the need for proper implementation of the provisions of the Greek Law 2735/1999 by the Greek courts was notably stressed, taking also into account the need to follow its uniform interpretation, as formulated by the decisions of the national Courts of dozens of countries that have adopted the UNCITRAL Model Law.
