Latest updates

NOME auctions – enhancing competition in electricity supply market
Rokas Law Firm
  • Energy & Natural Resources
  • Greece
  • November 06 2017

In 2016 Law 4389/2016 introduced the sale by auction of electricity forward products with physical delivery by the Greek vertically integrated Public Power Corporation (PPC) to eligible electricity suppliers. The purpose of these auctions is to reduce the PPC's retail market share in the interconnected system, enhance competition and provide better quality products and lower prices to consumers.

Form and proof of arbitration agreements incorporated by reference under New York Convention
Rokas Law Firm
  • Arbitration & ADR
  • Greece
  • 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 New York Convention, provided that the clause is common and known to those engaged in a particular trade. The Piraeus Single-Member First-Instance Court recently ruled on a dispute regarding the enforcement of an arbitral award in Greece under the New York Convention.

New international hydrocarbons offshore tenders launched for Crete and Ionian Sea
Rokas Law Firm
  • Energy & Natural Resources
  • Greece
  • October 09 2017

Two international tenders granting exploration and exploitation rights for the block areas of Southwest and West Crete, as well as the Ionian Sea, were recently published in the Official Gazette. This publication follows the expressions of interest by the consortium Total-ExxonMobil-Hellenic Petroleum for Southwest and West Crete and Energean Oil and Gas for the Ionian Sea. The expected announcement by the Official Journal of the European Union will also allow other interested stakeholders to submit offers.

Privatisation tender for 66% of Greek gas TSO relaunched
Rokas Law Firm
  • Energy & Natural Resources
  • Greece
  • July 31 2017

Decision 51 of the Government Council for Economic Policy was recently published, approving the process for a new international tender for the acquisition of a 66% stake in the national natural gas transmission system operator. The new tender was launched by the Hellenic Republic Asset Development Fund on June 26 2017 and will remain open to receive respective expressions of interest until August 7 2017.

OnDemand Three's a crowd? Third-party arbitration funding
Rokas Law Firm
  • Greece
  • July 20 2017

Third-party funding is uncommon in Greece and, to date, there is no known or recorded precedent of an arbitration funded by a third party. Although Greece has no specific regulation for third-party funding, it does not prohibit third-party funding in arbitration either. As such, those intending to engage in third-party funding are strongly advised to address potential risks (especially issues of financial interests) in carefully drafted funding agreements and other matters in the arbitration agreement itself.

Draft Law on Energy Communities
Rokas Law Firm
  • Energy & Natural Resources
  • Greece
  • July 10 2017

The Ministry of Environment and Energy recently launched a public consultation on the draft Law on Energy Communities. Given the large range of activities and numerous incentives that the draft law proposes for energy communities, these communities may become an important vehicle for developing business activities and increasing energy efficiency in local communities.

Off-label use of medicine and medical malpractice: court finds ophthalmologist liable for vision loss
  • Healthcare & Life Sciences
  • Greece
  • June 21 2017

The First-Instance Court of Athens recently found an ophthalmologist liable for injury suffered by his patient when the latter lost vision from one eye following the intraocular administration of the medicine Avastin, which had no regulatory approval for intraocular use. This case is special because the off-label use of Avastin is based on financial considerations, a parameter which is not perceived as acceptable by medical or regulatory guidelines in most countries.

Authority to enter into an arbitration agreement
Rokas Law Firm
  • Arbitration & ADR
  • Greece
  • June 15 2017

In a recent case, the Supreme Court held that the requirement that specific authorisation be obtained for the person acting as a legal representative for the valid conclusion of an arbitration agreement refers only to a person acting as a proxy or an agent of the legal entity and does not refer to an organ of the legal entity – the very function of which is to represent the entity, such as the board of directors or its substitute.

Electricity market harmonisation with target model
Rokas Law Firm
  • Energy & Natural Resources
  • Greece
  • March 27 2017

After several years of preparation and analysis of different solutions for the reform of the electricity wholesale market and its harmonisation with the European Union, a new law has been enacted to implement the agreement on fiscal goals and corrective reform. Before the law was enacted, studies of the Greek electricity market were carried out while the Regulatory Energy Agency conducted public consultations on the implementation of the target model.

OnDemand Opposition to energy projects
Rokas Law Firm
  • Greece
  • March 27 2017

The most contentious energy projects have centred on the extraction of lignite and hydrocarbons, the installation of renewable resource power plants and the development of the electricity grid. While the extraction of hydrocarbons has raised questions about the environmental effects of this activity and the consequences of oil extraction, these projects have significant support from local communities, since they promise sizeable increases in employment.

Burden of proof rules and setting aside arbitral awards
Rokas Law Firm
  • Arbitration & ADR
  • Greece
  • March 09 2017

The Supreme Court recently ruled that a violation of the burden of proof rules did not constitute grounds to set aside an arbitral award. This ruling is consistent with the court's previous stance when deciding whether violations of the res judicata effect could form grounds to set aside an arbitral award. It is also in line with the legislature's clear intention to limit state court control in arbitration in order to enhance its effectiveness and finality.

Court dismisses claim against PI underwriter on basis of pre-contractual communications
Zemberis, Markezinis, Lambrou & Associates
  • Insurance
  • Greece
  • February 21 2017

The Athens First Instance Court recently heard a case involving a law firm which sought to be indemnified from its professional indemnity underwriter. The policy covered a lawyer's professional liability while providing services within Greece and under Greek law. The insured claimed that he was entitled to indemnity not because the policy provided such cover, but rather because, among other things, he had requested such cover and the insurer had failed to include it in the policy.

Recent developments in natural gas sector
Rokas Law Firm
  • Energy & Natural Resources
  • Greece
  • February 06 2017

Unlike in most other EU countries, natural gas became part of the Greek market only recently following the launch of organised commercial import of natural gas at the end of 1996. Until then, gas was mainly used for electricity generation. Although the Greek supply and transmission of natural gas has not yet reached maturity, there have been significant attempts to liberalise the market in the past decade, particularly in the past couple of years.

New support scheme for RES and CHP producers
Rokas Law Firm
  • Energy & Natural Resources
  • Greece
  • November 14 2016

Law 4414/2016, which reforms the renewable resources (RES) and co-generated heat and power (CHP) support scheme, was recently published in the Government Gazette. The law aims to bring the existing support mechanism for RES electricity and CHP into line with EU guidelines and address the insufficient funds in the RES account. Further, it aims to integrate RES electricity and CHP with the interconnected system and develop a sustainable investment environment for the future.

Supreme Court rules on scope of arbitration agreements
Rokas Law Firm
  • Arbitration & ADR
  • Greece
  • November 10 2016

A recent Supreme Court decision held that an arbitration agreement may validly refer to future disputes; in such cases, the agreement must determine the definite legal relationship out of which such disputes will arise, but it is not necessary to refer to specific disputes. Further, the court held that an arbitration agreement does not extend its scope to disputes arising out of a subsequent agreement between the same parties, even if the subject matter concerns the initial agreement.

Takeaways from the 18th Hydra Insurance and Reinsurance Meeting
Zemberis, Markezinis, Lambrou & Associates
  • Insurance
  • Greece
  • November 01 2016

The Hellenic Association of Insurance Companies recently hosted the 18th Hydra Insurance and Reinsurance Meeting. At the meeting, insurers and reinsurers from 24 countries around the world discussed specific concerns and issues that directly affect the industry, including how technological advancements have affected motor and health insurance and may do so in the future and how the vast majority of the population is unprotected against financial losses from catastrophic risks.

Tender for new international airport enters bidding phase
  • Projects & Procurement
  • Greece
  • August 23 2016

The Ministry of Infrastructure, Transport and Networks recently approved and made available to interested bidders the final version of the draft concession agreement for the new international airport in Kasteli, Crete. This bidding phase highlights that the Greek aviation sector is undergoing a significant transformation, one which will result in a major shift in the operation of Greek airports from the public sector to the private sector.

Supreme Court clarifies incidental matters in technical and legal disputes
Rokas Law Firm
  • Arbitration & ADR
  • Greece
  • July 14 2016

Greek courts have consistently held that arbitrators sitting under the rules of the Technical Chamber of Greece do not have jurisdiction to decide non-technical disputes; if they do so, their awards may be set aside for exceeding the jurisdiction that was conferred on them by law. A recent judgment of the Supreme Court qualifies this rule by clarifying the position with respect to incidental matters that are of a legal nature.

Supreme Court affirms validity of 'claims-made' and 'loss discovered' clauses in professional risk cover
Zemberis, Markezinis, Lambrou & Associates
  • Insurance
  • Greece
  • July 05 2016

The Supreme Court for civil matters, sitting in plenary session, has issued a judgment on the validity of 'claims-made' policy clauses. Ending a long period of judicial uncertainty, the Supreme Court ruled that, insofar as insurance contracts covering professional risks are concerned, the claims-made principle is fully valid and enforceable. The insurance market has thus breathed a sigh of relief.

Parliament approves electricity market reform
Rokas Law Firm
  • Energy & Natural Resources
  • Greece
  • July 04 2016

Parliament recently approved a law that introduces significant changes to the Greek electricity market. The law aims to reduce the share of the Power Public Corporation (PPC) in the electricity supply market, unbundle the transmission system operator from the PPC (while partially privatising it) and regulate the temporary capacity mechanism.