The recast Payment Services Directive and its proposed transposition into Greek Law (Hot Topic Article/Chapter for Greece written by Viktoria Chatzara – Senior Associate and Chloe Iordanidou – Associate, published in The Legal 500: Banking & Finance Comparative Guide, February 2018) The recast Payment Services Directive and its proposed transposition into Greek Law Directive 2015/2366/EC,...Read More

Energy News – 57th Issue-Policy Guidelines on Grid Integration of Prosumers RENEWABLES Energy Markets EnC: Transposition of Third Energy Package Network Codes and Guidelines in Electricity and Gas Electricity Bulgaria: Court Rejects Energy Producers’ Appeals Regarding Hourly Production Forecast Schedules Bulgaria: Acquisition of IBEX Croatia: Regulation Adopted to Simplify Grid Connection Procedures Greece: RAE’s Decision...Read More

Energy Exchange operations expected in 2018 (Article by Mira Todorovic Symeonides, published in the Energy & Natural Resources Newsletter of the ILO on January 15, 2018) Introduction In 2016 the government launched a legislative procedureto reform the energy market in compliance with the EU Target Model by passing Law 4425/2016 on the Urgent Regulation of...Read More

Energy News – 56th Issue-Latest decisions of the Energy Community Secretariat ENERGY MARKETSEnC: Latest decisions of the Energy Community SecretariatOn 14 December 2017, during the 15th Ministerial Council of the Energy Community, the Contracting Parties (CPs) adopted the Recommendation 2018/1/MC-EnC on the development of integrated National Energy and Climate Plans (NECPs) (“Recommendation”) that were proposed...Read More

Energy News – 55th Issue-Public Consultation on the Draft Law on Energy Exchange ENERGY MARKETSGreece: Public Consultation on the Draft Law on Energy ExchangeOn 1 December 2017, the Ministry of Energy and Environment launched a public consultation regarding the Draft Energy Exchange Law. The Draft Law regulates the establishment of the Energy Exchange which will...Read More

Energy News – 54th Issue- Gas security of Supply Regulation ENERGY MARKETSENC: Annual Implementation Report for the period 2016 –2017 On 15 October 2017, the Energy Community Secretariat (EnC Secretariat) published its Annual Implementation Report for 2016 – 2017 (“Report”). The Report which covers the period from 1 September 2016 until 1 September 2017, provides...Read More

Form and proof of arbitration agreements incorporated by reference under New York Convention (Article by Dr. A. Tsavdaridis, published in the Arbitration & ADR Newsletter of the ILO on October 19, 2017) In international trade, a general reference is sufficient to validly incorporate an arbitration clause contained in another document under Article II(2) of the […]Read More

Rokas’ Athens and Sofia offices represented a company of the Yannis & Tina Daskalantonakis Group in the management acquisition of the well known Park Inn Hotel in Sofia In May 2017, a company of the Yannis & Tina Daskalantonakis Group, acquired the management of the well known Park Inn Hotel in Sofia, succeeding Rezidor of...Read More

New international hydrocarbons offshore tenders launched for Crete and Ionian Sea Overview During the past few years, the Greek hydrocarbons regulatory sector (prospection, exploration and exploitation) has undergone significant changes resulting from an attempt to improve the existing legal framework. Law 4001/2011 revised the Hydrocarbons Law (2289/1995), which transposed EU Directive 94/22/EC on the conditions...Read More

Energy News – 53d Issue-EU/ ACER – CEER: 2016 Annual Market Monitoring Reports ENERGY MARKETSEU/ ACER – CEER: 2016 Annual Market Monitoring Reports: On 6 October 2017, the ACER-CEER jointlypublished the 2016 Wholesale Market Monitoring Reports. The Annual Reports on the Results of Monitoring the Internal Electricity and Natural Gas Markets consist of four volumes:...Read More