Constructions’ Cartel – €22 million fine imposed by the HCC overturned by seminal decision of Appellate Court

Xenophon Paparrigopoulos and team (including, notably, Athanasios Taliadouros) successfully defended a Spanish major construction company against a €22 million fine imposed by the Hellenic Competition Commission (HCC) in the context of the constructions’ cartel investigated by the HCC. In a seminal judgment, the Athens Administrative Court of Appeals quashed the HCC’s decision on grounds pertaining, amongst others, to the lack of parental liability and the lack of demonstration of the single and repeated nature of the alleged infringement. It is one of the largest fines ever imposed by the HCC and overturned by the Appellate Court.

Successful representation in DIS arbitration

In 2020, Konstantinos Papadiamantis & Theodora Souma, along with German Counsel, successfully represented a company active in the news and media sector in DIS arbitration proceedings in Munich, Germany. The dispute involved a monetary claim brought by a former executive, for an amount exceeding EUR 3,6 mil., under a phantom shares bonus scheme governed by Greek law.

Employment litigation for reinstatement following spin – off

Alexios Papastavrou and his team successfully defended employers in 8 different petitions for reinstatement by employees who had transferred following spin-offs.

Implementation and scope of a branch collective bargaining agreement

Alexios Papastavrou and his team successfully defended an employer against claims of application of a branch collective bargaining agreement to a different branch.

Spin off and automatic transfer of employees

Alexios Papastavrou and his team advised one of the largest employers in Greece on employment law – related matters generated by the largest spin-offs in Greece, including the automatic transfer of employees.

Joint Venture of a Greek plant bakery with a Belgian family-owned company active in baking sector

George Bersis and team acted as legal advisors to one of the most specialized plant bakery in Greece for the production of part-baked frozen bakery items, for the creation of a joint venture with an international bakery group with regard to Greece, Cyprus, North Macedonia and Albania

Sale of the majority holding in a company listed on ATHEX, to a private equity fund

George Bersis and team acted as legal advisors to the seller for the sale of the majority holding in a company listed on ATHEX, active in the carton packaging industry, to a private equity fund. The transaction was completed on 31.12.2021 and also involved the sale of minority holdings, with a total consideration of approx. € 28m.

Reverse merger of five holding companies through absorption by the operating companies

George Bersis and his team advised the leading investor in leisure hotels in southern Europe, on the reverse merger of five holding companies via absorption by their subsidiaries, which are companies operating hotels in Greece.

Sublease of two five-star hotels, by a leading international travel and tourism group

George Bersis and team acted as legal advisors to a leading international travel and tourism group for the sublease of two five-star hotels in Syvota and Lemnos. The transaction was completed on 30.12.2020.