Declaration of readiness for connection of RES station to network (Article by Andriani Kantilieraki and Pavlos-Ioannis Kasselakis – Associates, published in the Energy & Natural Resources Newsletter of the ILO on March 15, 2021) On 20 October 2020 Law 4736/2020 concerning the reduction of the impact of certain plastic products on the environment was published...Read More

ICLG Merger & Acquisition Guide – Greek Chapter Our firm is a contributor of the ICLG Merger & Acquisition Guide – Greek Chapter. Viktoria Chatzara, Junior Partner & Kosmas Karanikolas, Associate, provide information about the current issues and regulations affecting the M&A field in Greece and address major topics and insight on the most common...Read More

New cycle of competitive procedures for operational support (Article by Mira Todorovic Symeonides – Partner and Kosmas Karanikolas – Associate, published in the Energy & Natural Resources Newsletter of the ILO on March 8, 2021) On 7 January 2021 the Regulatory Authority for Energy (RAE) announced the commencement of the competitive procedure for determining the...Read More

Investment Firms: New regulatory regime Investment Firms: New regulatory regime The Investment Firm Regulation1 (IFR), combined with the Investment Firm Directive2 (IFD), introduce a bespoke prudential regime for the vast majority of EU’s investment firms; the latter being currently subject, along with credit institutions, to Basel-derived prudential rules set out in the Capital Requirements Regulation3...Read More

Regulating RES storage (Article by Mira Todorovic Symeonides – Partner, published in the Energy & Natural Resources Newsletter of the ILO on March 1, 2021) On 8 December 2020 the Ministry of Environment and Energy issued a decision (OJ B’ 5619/2020) on the formation of a working group which will prepare a proposal for the...Read More

New Spatial and Urban Planning Law affects onshore and offshore RES projects (Article by Maria Ioannou – Senior Associate, published in the Energy & Natural Resources Newsletter of the ILO on February 22, 2021) Introduction In December 2020 Law 4759/2020 on the Modernisation of Spatial and Urban Planning Legislation and Other Provisions (OJ A’ 245/9.12.2020)...Read More

ESG factors’ paramount importance depicted in EU legislation Regulation (EU) 2019/2088 on sustainability-related disclosures in the financial services sector (Disclosure Regulation, ESG Regulation or SFDR), as well as Regulation (EU) 2020/852 on the facilitation of sustainable investment (Taxonomy Regulation), form part of Commission’s Sustainable Finance Action Plan, linking Environmental, Social and Governance (ESG) factors to...Read More

PEPP. Could it channel an additional road towards viable pensions? Τhe Directive on Institutions for Occupational Retirement Provision (IORPs ΙΙ) regulates a private, voluntary and collective pension scheme, which supplements the state pensions. In September 2015, the Commission presented the fundamental guidelines for a new private and individual pension product, which is the standard Pan-European...Read More

New Licensing Code regulating RES production certificates takes effect (Article by Mira Todorovic Symeonides – Partner, published in the Energy & Natural Resources Newsletter of the ILO on February 15, 2021) Introduction On 1 December 2020 the new Licensing Code, which regulates renewable energy source (RES) production certificates, was published in the Official Journal (B’...Read More

Pissarides’ Committee proposal on the transformation of the supplementary State pensions’ scheme The Pissarides’ Committee aims to provide a solution to the State pensions’ fiery problem, by enhancing the credibility of the Institutions for Occupational Retirement Provision (IORPs), so that the latter will be able to operate as insurance companies and be supervised on a...Read More