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Jul 2017

Bernitsas Law advises on Hellenic Petroleum Finance notes issue

Bernitsas Law acted as Greek counsel to Hellenic Petroleum (HP) and Hellenic Petroleum Finance Plc (HPF) in connection with the offering of €74.5 million principal amount of new notes issued by HPF and guaranteed by HP to institutional investors, including the Black Sea Trade and Development Bank and the European Bank for Reconstruction and Development, […]

Jul 2017

July 2017 Monthly Tax Briefing

Council Directive 2016/881/EU on mandatory automatic exchange of information is transposed, Circulars provide guidelines on the tax treatment of foreign trusts and foundations and the proper implementation of the Voluntary Disclosure Program and the Council of State opines on the tax liability of natural persons in cases of mergers by absorption.

Jul 2017

Bernitsas Law advises on the successful placement of a 20% stake in Grivalia Properties REIC

Bernitsas Law acted as Greek law counsel to Eurobank Ergasias SA on the successful placement of its 20% stake in Grivalia Properties REIC to international and domestic institutional investors through an accelerated bookbuilding process at a total consideration of c.€180 million (Placement). The transaction completed on 6 July 2017 with the majority of the shares placed […]

Jul 2017

June 2017 Monthly Tax Briefing

Recent Developments in Tax Legislation and ECJ Decision on Exchange of Information. Circulars clarify the position on Tax Treatment of Bad Debts, the Solidarity Contribution, Shipping Dividends and Limitation Periods. The ECJ issues a decision on the Exchange of Information between Member States and the Union Customs Code is amended.

Jul 2017

June 2017 Tax Alert

The Supreme Administrative Court (in Plenary Session) Judgement No. 1738/2017: On 27 June 2017, the Supreme Administrative Court ruled on the legality of provisions extending the limitation period within which audits may be carried out by the tax authorities.