Arbitration News – Implied waiver of setting-aside proceedings (Article by Dr. A. Tsavdaridis, published in the Arbitration Newsletter of the ILO on April 23, 2015) In a recent decision the Athens Court of Appeal held that a valid waiver of setting-aside proceedings before an award is rendered can be implied, provided that it is contained...Read More

EU: Commission Sends Statement of Objections to Gazprom for Alleged Abuse of Dominant Position On 22 April 2015 the European Commission sent a Statement of Objections to Gazprom informing it that some of its business practices in Central and Eastern Europe may be deemed as breaching the EU competition law and, particularly, as abusing its...Read More

Capital Markets & Financial Regulation News – Bankruptcy remote regimes (“Bankruptcy remote” regimes:From segregation to portability) “Bankruptcy remote” regimes: From segregation to portability ƒ Segregation aspects Custodian-level segregation Depositary-level segregationŠ “Clearing”- level segregation: CCPs and Clearing Members  CSD- level segregation ƒ Right of asset re-use: “Clients’ consent?” Following Lehman Brothers default case and other relevant...Read More

Energy News – 23rd Issue-Natural Gas Supply Tariff ENERGY MARKETS EU: European Council Supports Commission’s Framework Strategy towards an Energy Union EU: ACER Publishes Recommendation to the European Commission in relation to MiFID II EU/ Energy Community: European Commission and ACER Clarify Conditions for Participation of Energy Community Regulators to ACER Ukraine: Energy Community Secretariat...Read More

Energy News – 22nd Issue-Abolished Cost-Recovery Mechanism ENERGY MARKETS EU: ACER Completes Preparations for the Implementation of REMIT EU: Eurostat and DG ENER Sign a MoU in the Area of Statistics Romania: Competition Council Publishes Report with Preliminary Results of Investigation on the Electricity Market Bulgaria: Commission sends Statement of Objections to BEH and subsidiaries...Read More

Capital Markets & Financial Regulation News – February 2015- Market Abuse The new European legislation The updated regulatory framework comes along with “European” criminal sanctions “…trading on all platforms and of all financial instruments will now be covered by market abuse legislation…” The initial regime set by the Market Abuse Directive 2003/6/EC (“MAD”), transposed into...Read More

Energy News – 21st Issue-RAE Approves Market Coupling at Italian-Greek Borders ENERGY MARKETS EU: Energy Union Package – Ambitious Legislative Reforms EC: Proposal for Establishment of the European Fund for Strategic Investments EU: General Court Upholds Decision of the European Commission on the Austrian Renewable Energy Scheme Energy Community: Policy Guidelines on the Independence of...Read More

Arbitration News – Jurisdiction of courts or tribunals to uphold validity of arbitration agreements (Article by Dr. A. Tsavdaridis, published in the Arbitration Newsletter of the ILO on February 05, 2015) Although the non-existence or invalidity of  arbitration agreements constitute grounds to challenge an arbitral award, it cannot be raised as such if a court...Read More

Physical and Virtual Selective Distribution in the EU Competition Law Selective distribution in the EU Competition Law constitutes a case, in which vertical restraints are imposed in order themanufacturer to promote and sell his products/services in the market. The manufacturer has undoubtedly theleading role setting freely –within the context of the laws regarding competition- his...Read More

Energy News – 20th Issue ENERGY MARKETS Serbia: New Energy Law Adopted in Serbia Greece: Gas Supply Companies are Subject to Competition Law, even when Exercising Public Authority ELECTRICITY Greece: RAE Presents Final Proposal on Revision of Capacity Adequacy Mechanism Greece: PPC Decision on Pricing of Energy Intensive Consumers Greece: Obligations towards Customs Authorities for...Read More