The European Commission published an Action Plan on building a Capital Markets Union On 30 September 2015 the European Commission published its Action Plan on building a Capital Markets Union (CMU). The Action Plan describes the benefits of such CMU, the main axes on which its actions towards achieving the CMU will be focused, and...Read More

Energy News – 29th Issue-Self-Supply ENERGY MARKETS EU: Responses to Consultation on a New Energy Market Designother news Energy Community: Annual Implementation Repor EU: CEER Publishes a Position Paper on Well-Functioning Retail Energy Markets EU: ACER Updates REMIT Related Documents and Starts Receiving Data under REMIT EU: Commission Publishes Energy Statistical Pocketbook for 2015 EU:...Read More

Critical Interpretation of article 101 (1) TFEU on an anti – competitive share clients agreement of a Romanian pension fund Following a request for a preliminary ruling under article 267 TFEU from Înalta Curte de CasaĠie úi JustiĠie (High Court ofCassation and Justice of Romania), the Court of Justice of the European Union (Second Chamber)...Read More

Energy News – Strategic Energy Technology Plan Energy Markets EU: Commission Publishes Communication on Integrated Strategic Energy Technology Plan Electricity EU: Member States Approve Network Code on High Voltage Direct Current Connectionsother news:Croatia: Government Adopts Regulation on Amendments to the Electricity Market ActŒGreece: Energy Regulator Publishes Instructions to Electricity SuppliersŒGreece: News on Opening of the...Read More

EU Competition Law Amendments to Procedural Rules On November 2014, the Directive 2014/104/EU of the European Parliament and the Council on certain rules governingactions for damages under national law for infringements of the competition law provisions of the Member States and ofthe European Union was adopted, having the aim to ensure that victims of antitrust...Read More

Arbitration News – New ruling on implied waiver of setting-aside proceedings (Article by Dr. A. Tsavdaridis, published in the Arbitration Newsletter of the ILO on September 3, 2015) The principle that a valid waiver of setting–aside proceedings before an award is rendered can beimplied when it is contained in an agreement ratified by law does...Read More

Prohibition of short selling up to the 30th September 2015 Following the re-opening of the Hellenic Capital Markets, the Hellenic Capital Markets Commission had issued its decision No. 726/03.08.2015, under which, it had prohibited the short selling of shares and the transactions in any financial instrument which would create or increase a net short position...Read More

Reopening of the Hellenic Capital Market After more than one month of suspension of its operation, the Hellenic Capital Market reopened on Monday, 03.08.2015, following a Ministerial Decision dated 31.12.2015, which regulates the operational details, and a decision of the Hellenic Capital Markets Commission dated 03.08.2015. Ministerial Decision (31.12.2015) Lifting of the restrictions of the...Read More

Energy News – Greek Gas Retail Market ENERGY MARKETS EU: Commission Initiates Public Consultation on Assessment of theIntergovernmental Agreements Decision EU: CEER Publishes Response to the European Commission Consultation on OTCDerivatives, Central Counterparties and Trade Repositories EU/Greece: Recent Developments in the Implementation of REMIT by ACER andthe Greek Market Operator Greece: Energy Market Reforms Agreed...Read More

Capital Markets & Financial Regulation News – Bank Holiday-July 2015 “Bank Holiday and Capital Controls in Greece” and “ECB’s OMT Programme is compatible with EU law, according toEuropean Court judgment” From the 28.06.2015 a Bank Holiday has been imposed inGreece by means of a Presidential Legislative Act (PLA) onall credit institutions operating in Greece (Greek...Read More