18 December

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Compensation for Fatal Workplace Accidents

Compensation for Fatal Workplace Accidents According to Article 928 of the Greek Civil Code (GCC), when an unlawful act results in the death of an individual, the law provides for compensation claims not only to direct victims but also to individuals indirectly affected by the loss. These compensations include: 1. Medical and Funeral Expenses: Persons legally obligated to cover these costs have the right to claim reimbursement. 2. Loss of Support: Those with a legal entitlement to receive financial support from the deceased may claim compensation for the deprivation of such support. 3. Loss of Services: Individuals entitled to services from the deceased can...

11 December

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Greek Tax Incentive program

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Greek Tax Incentive program In an era of global tax competition, many countries aim to attract not just businesses but also high-net-worth individuals and skilled professionals by offering favorable tax incentives. These incentives benefit host nations by increasing tax revenue while encouraging spending, investment, and economic activity within their borders. Countries such as the UK, Portugal, Italy, and Cyprus have implemented similar measures, with Greece joining the ranks through Law 4646/2019, establishing itself as a competitive destination for individuals seeking tax advantages. Greek Tax Incentive program under Greek Law Greece’s tax regime is structured into three key programs under the Income Tax Code—5A,...

30 November

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the best capital market lawyers in Greece

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the best capital market lawyers in Greece. Capital Market & Securities Legal Services – Economou & Economou law office in Athens Greece Navigating the complex world of capital markets and securities requires expert legal guidance. At Economou & Economou law office, we pride ourselves on being the premier law office in Greece for capital market and stock exchange matters. With a proven track record of excellence, our legal team provides tailored advice and practical solutions to businesses, investors, and financial institutions. Why Choose Economou & Economou law office? 1. Expertise in Capital Markets Law Our lawyers are highly skilled in all aspects of capital...

08 October

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Inheritance Rights of Partners

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Inheritance Rights of Partners Significant changes have been introduced to inheritance law and wills after more than 80 years of the current provisions being in force. These reforms are deemed necessary due to the social and economic changes that have impacted the Greek family and modern asset management needs. The proposed amendments affect key aspects of how assets are inherited, as well as the procedures for drafting and executing wills. Specifically, the new regulations focus on six main areas: 1. Inheritance Rights of Partners: For the first time, inheritance rights are granted to life partners who have cohabited for a long period without...

17 November

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Car customs clearance pitfalls and potential problems

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Vehicle Import Processing - Economou & Economou law office the best customs lawyers in Athens Greece econlaw@live.com (+30) 2103603824

Car customs clearance pitfalls and potential problems As revealed by the ADDE in its annual report, revenue losses from non-payment of VAT and from under-valuation amount to tens or hundreds of millions of euros and indeed the Greek authorities are in cooperation with the authorities of other member states to catch the tax evaders. In addition, in imported used cars, triangular sales for non-refund of VAT, the presentation of false documents and the driving of kilometres by dealers in order to pay a lower Registration Fee at customs are constantly being recorded and are increasing. Also many used car dealers who know...

08 November

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In-Flagrante crime in Greece

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In-Flagrante crime in Greece in-flagrante crime in Greece is a key term in criminal procedure, referring to an offense committed openly or witnessed while in progress. According to Article 242 of the Code of Criminal Procedure, an in-flagrante delicto crime is one where the offender is caught in the act or immediately after committing the offense. This classification aims to promptly activate criminal procedures for the offender’s arrest and detention before they have a chance to escape or cover up the crime. For a crime to be considered in-flagrante crime in Greece, the offender must be apprehended either during the commission of...

12 October

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Participation claim in acquired assets

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Participation claim in acquired assets Participation claim in acquired assets, as defined in Article 1400 of the Civil Code (CC), is a central pillar of family law in Greece. Within this framework, it is recognized that property acquired during the marriage is joint and belongs to both spouses. Significant is the ruling of the Supreme Court (287/2011), which addresses the rebuttable presumption of participation in one-third of the increased assets, providing the legal basis for one spouse's claim against the other. Legal Framework Article 1400, paragraph 1 of the CC states: "If the marriage is dissolved or annulled, and the property of one...

02 January

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The new energy law 5037/2023 for energy in Greece and the changes it brought in the energy sector.

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New energy law 5037/2023 Greece - Economou & Economou law office the best energy law office in Athens Greece econlaw@live.com (+30) 2103603824

The new energy law 5037/2023 for energy in Greece and the changes it brought in the energy sector. a New energy Law 5037/2023 in Greece (Government Gazette 78/28.03.2023, Vol. A) was passed by the Greek Parliament on 20.03.2023, in the context of the European policy to achieve the Union's climate and energy targets for the year 2030 and in the broader context of its substantial long-term goal for a low-carbon economy by the year 2050.The most important changes the new energy law in Greece imposes in the energy sector are the extension of the competences and the renaming of the "Energy...

22 August

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Money Laundering from illegal activities

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Money laundering from illegal activities - Economou & Economou law office the best criminal law office in Athens Greece econlaw@live.com (+30)2103603824

Legal Considerations for Money Laundering – The Legalization of Proceeds from Criminal Activities Money laundering, a crime defined and prosecuted under the legal framework, has seen significant amendments, particularly following the enactment of Law 4816/2021. This law revised Law 4557/2018, which itself was aligned with EU Directive 1673/2018, detailing the criminal offense of money laundering, commonly referred to as the "legalization of proceeds from criminal activities." This offense requires a prior, separate illegal act, known as the predicate offense, from which the property subject to laundering is derived. Predicate offenses, which include but are not limited to, organized crime, bribery, human...

22 August

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Purchasing property via auction

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Purchasing property via auction - Economou & Economou law office the best real estate law office in Athens Greece econlaw@live.com (+30)2103603824

Purchasing property via auction Although the initial bid price in an auction usually corresponds to the property's market value and does not always offer exceptional purchasing opportunities, the transparency of the electronic auction system has increased buyer interest. Financial institutions have created a dedicated website (landea.gr) with more information and search capabilities compared to the official public database (e-auction.gr). However, the alignment of the initial bid price with the property's market value may indicate that there is no significant opportunity, as the forced sale price is typically lower. Risks for the successful bidder remain. Despite the low adjudication price, the new owner...