Energy News – 38th Issue-Updates on the Greek Gas Market ENERGY MARKETS EU: European Parliament Adopts Network Information Security Directive other news: EU: Public Consultation on Network Codes and Guidelines after 2017 EnC: Secretariat takes over Technical Assistance for Eastern Partnership Countries EnC: Kosovo* and Moldova Rectify Compliance Failure Albania: ERE’s Organization, Functions and Procedures...Read More

Parliament approves electricity market reform (Article by Mira Todorovic Symeonides, published in the Energy & Natural Resources Newsletter of the ILO on July 4, 2016) Introduction On May 22 2016 Parliament approved Law 4389/2016 (OJ A 94/2016), entitled “Urgent Regulations for the Implementation of Agreements on Fiscal Targets, Structural Reforms and Other Provisions”, as amended...Read More

Capital Markets & Financial Regulation News – June 2016 Amendments to Greek Laws 3556/2007, and 3401/2005 and transposing the Transparency and Prospectus Directives Amendments recently brought to Greek Laws 3556/2007 and 3401/2005, transposing the Transparency and Prospectus Directives, respectively: Law 4374/2016 (GG A’ 50) has recently entered into force aiming at the alignment of the...Read More

Energy News – 37th Issue-Natural Gas licenses ENERGY MARKETS EU: Agreement on Information Mechanism regarding Intergovernmental Agreements other news: EU: ACER Publishes Recommendation on Independence of Regulatory Authorities Greece: RAE Publishes Report on Written Complaints of Consumers in 2015 ŒAlbania: Commencement of Procedures for Energy Market Rules Montenegro: Regulator Launches Public Consultation on Draft Rules...Read More

Arbitration News – Jurisdiction of arbitral tribunal in state contracts (Article by Dr. A. Tsavdaridis, published in the Arbitration & ADR Newsletter of the ILO on May 12, 2016) When a national legal provision is fixed by means of a stabilisation clause in a concession agreement, it becomes a contractual term of the agreement. Thus,...Read More

Rokas (Skopje) concluded successfully in May, 2016 the project, entrusted to the firm by Alpha Bank – a leading banking institution in Greece – of acting as the vendor’s legal consultant in the sale process of its wholly owned subsidiary in FYR of Macedonia. The project involved the total share capital of Alpha Bank AD...Read More

Energy News – 36th Issue-IGB Pipeline ENERGY MARKETS EnC: ECRB Publishes First Comprehensive Gas and Electricity Market Monitoring Report other news: EU: CEER Publishes Statement of EU and US Energy Regulators EU: CEER’s Position Paper on Early Termination Fees EnC: Secretariat Submits 2016 Infringement Package to the Ministerial Council Albania: ERE Issues Annual Report on...Read More

The levels of Non-Performing Loans NPLs portfolios NPLs in Greece have increased significantly, due to the long-standing crisis, thus negatively affecting the credit supply channel and are causing a worsening of the banking sector financial soundness indicators. Following the latest recapitalization of Greek banks, “cleaning” the banking sector balance sheet became an imperative for new...Read More

Energy News – 35th Issue-Prevention of Environmental Damages ENERGY MARKETS EU: CEER’s Reports on Implementation of TSO and DSO Unbundling Provisions other news: EU: CEER’s Report on Removing Barriers to Entry in EU Retail Energy Markets ŒSerbia: Regulator Adopts Rulebook to Strengthen its Regulatory and Supervisory Role ŒUkraine: Draft Law on Energy Regulator Passes First...Read More

Global Research Project on access to water for irrigation use Rokas’ environmental resources’ law team provided legal assistance to a major global institution (World Bank) with a global project relating to access to water with an irrigation use focus. In this context, various aspects of the use of water for irrigation have been explored and...Read More