“Obligation for conclusion of business insurance for partial coverage of material damages caused by fire, flood, or earthquake, classified as natural catastrophes, applicable to businesses and vehicles” (Article drafted by Mara Vasileiou, Associate & Andreas Papastathis, Partner for Lexology on July 29, 2025) Law 5116/2024 introduces a landmark shift in Greece’s approach to managing natural...Read More

Greece – Insurance Regulatory and Market Update (July 2025) (Contribution by Alkistis Christofilou, Partner and Xenia Kretsovali, Associate, published in Thomson Reuters, Regulatory Intelligence, Country update – Greece: Insurance, July 2025)   We are pleased to announce the publication of the Greece Country Update – Insurance on Thomson Reuters, released in July 2025 and prepared by...Read More

Law 5215/2025: A Bold Reset for Landmark Investments in Renewable Energy, Innovation & Competitiveness (Article drafted by Mara Vasileiou & Eva Kotzairaki, Associates for Lexology on July 24, 2025)   Greece has introduced Law 5215/2025, amending Law 4684/2021, to enhance the national framework for “Landmark Investments of Outstanding Significance.” The new legal framework is designed...Read More

Data Centers: The Legal Imperative for Renewable Integration and Energy Storage (Article drafted by Ioanna Toufexi, Associate, and Kosmas Karanikolas, Senior Associate for Lexology on July 18, 2025)   Introduction: Data centres, as core infrastructure of the digital economy, have grown rapidly due to cloud computing, AI, IoT, and big data, but they also pose...Read More

“Law 5202/2025: New Legal Framework for Foreign Direct Investment (FDI) in Greece” (article by Α. Chlampoutaki – Senior Associate, published on Lexology, June 13, 2025) Law 5202/2025 (Government Gazette A 84/23.05.2025), incorporating Regulation (EU) 2019/452, introduces a national mechanism for evaluating and controlling Foreign Direct Investments (“FDI”) that take place within Greek territory or may have...Read More

New Publication: In-Depth – Insurance and Reinsurance Law (chapter drafted by Dr Dimitrios Chatzimichael, Partner, Xenia Kretsovali and Xenia Lymperopoulou,  Associates for Lexology-in Depth on June 2, 2025) We are pleased to share that Dr. Dimitrios Chatzimichael (Partner), Xenia Kretsovali, and Xenia Lymperopoulou (Associates) have contributed to the latest edition of Lexology In-Depth: Insurance and...Read More

“AI in insurance industry: applications, risks, and legal considerations” (article by M. Katsioti, and X. Kretsovali, Associates published on Lexology, May 6, 2025) AI in Insurance: Transforming Operations with Innovation, Regulation, and Trust Artificial Intelligence (AI) is rapidly reshaping the insurance industry. Over the past three years, it has evolved from a buzzword into a...Read More

Beneficiaries of insurance claims and beneficiaries of insurance money Two notions with an identical meaning The ambiguous notion of insurance money under Greek Law As early as 2001, EU law (Directive 2001/17 on the reorganization and winding-up of insurance undertakings, which has  been incorporated into Directive 2009/138) provided the definition of the concept of “insurance...Read More

“The importance of the participation of electricity storage plants in the balancing system” (Article drafted by Panagiota Maragkozoglou, Associate, and Andriani Kantilieraki, Senior Associate for Lexology on May 1, 2025) Greece is rapidly expanding its renewable energy (RES) sector and sees electricity storage as essential to effectively integrate RES into the national energy system. While...Read More

Regulatory Innovation: Mystery Shoppers to Safeguard Consumers in the Financial Sector By virtue of a recently introduced provision (art. 77 of Law no. 5193/2025), the Bank of Greece (BoG), in its capacity as the supervisory authority of enterprises of the financial sector (credit institutions, insurance companies) was empowered to use the technique of “mystery shopping”...Read More