Our practice is a market leader, with a history dating back to Greece’s accession to the EU and a successful track record of advising in landmark competition and antitrust matters, including merger control cases, cartel investigations and related litigation, concerted and restrictive practices, market and sectoral investigations, abuse of dominance and State aid cases. Our main clients are Greek, foreign and multi-national corporations.
exceptionally good professionals … team has business acumen and understanding … results-oriented, competence and clarity … offers great value to businesses
The Legal 500 EMEA 2021
successful in getting things done very fast … they know our business and have a holistic approach to cases
Chambers Europe 2021
strong international experience and knowledge of competition law issues … high expertise ... strong experience not limited only to the Greek legal environment
The Legal 500 EMEA 2020
consistent quality ... very thorough
Chambers Europe 2020
a superb reputation
The Legal 500 EMEA 2019
great clientele ... can ensure good quality
Chambers Europe 2018
what really differentiates the team is that it consistently applies the same ethical values as our company
Chambers Europe 2017
We have also advised government bodies on the implementation of the directives liberalising State monopolies and represented Greece in negotiations with the EU on State aid granted to Greek industries.
Our team has a long-running expertise in cases involving cartels and anticompetitive agreements, representing clients in dawn raids and settlement procedures, as well as preparing applications for leniency. We have been involved in the first case where settlement proceedings were instituted before the Hellenic Competition Commission. We are experienced in antitrust investigations and damages claims, including abuse of dominance cases. We regularly represent clients before the Hellenic and European Competition Authorities in merger filings. We also represent clients before the Administrative Courts on appeals against the Hellenic Competition Commission’s decisions. We have a strong track record in developing merger control and compliance strategies and preparing for merger clearances and State aid approvals. We also have experience in submitting appeals before the European Courts against State aid infringement decisions of the European Commission. We regularly advise on possible antitrust and competition law issues arising in the context of commercial arrangements, including exclusive and selective distribution, franchising, internet sales and information exchange and help clients successfully structure and shape their sales and service networks.
A significant part of our EU, Competition & Antitrust practice is dedicated to assisting clients on an ongoing basis on risk and strategy assessment and regulatory compliance. We advise on compliance strategies and run training programs for investigations by the competition authorities tailored to the individual requirements of our clients. These include designing reaction policies and offering on-site assistance in dawn raids as well as running mock-dawn raids.
We also work extensively with the Firm’s M&A and Privatisations groups in advising on the EU, competition and antitrust aspects of cross-border and cross-section transactions. Our specialisation extends to sector specific experience across a number of industry sectors including banking, insurance, energy, automobile, food and drink, cosmetics & health care products, pharmaceuticals and life sciences, construction, real estate, retail, software and computer services, electronic communications, media, transport, telecommunications, consumer protection, gaming, travel and leisure and public procurement.
Competition Dispute for Alleged Collusion
We represent a major oil company before the Athens Administrative Court of Appeals in its appeal against the Hellenic Competition Commission’s (HCC) decision relating to its alleged collusion with a company operating in the same sector to fix ratios of discounts offered to petrol station owners on wholesale prices of unleaded petrol, and enforcement proceedings initiated by the HCC and Tax authorities.
Skroutz SA Strategic Minority Stake Acquisition Clearance
We successfully represented CVC before the Hellenic Competition Commission in the acquisition by SAIGA Sàrl, a company invested in by funds managed or advised by CVC, of a strategic minority stake, granting it negative sole control, in Skroutz SA, the leading e-commerce platform in Greece.
D Marinas Hellas Acquisition Clearance
We successfully represented CVC before the Hellenic Competition Commission in the acquisition by Venilia Investments Sàrl, a company invested in by funds managed or advised by CVC, of sole control over D Marinas Hellas active in the Greek marinas market, part of the overall acquisition of the Greek, Croatian and the United Arab Emirates (UAE) businesses of D-Marin, a leading operator of premium yacht marinas in the Mediterranean and UAE, from the Doğuş Group, a leading Turkish conglomerate.
Andromeda Group Sole Control Clearance
We successfully represented Andromeda Group which already solely controlled Nireus SA and Selonda SA, two major Greek fish farming companies with an international presence, before the Hellenic Competition Commission in its acquisition of sole control over Perseus Specialty Foods Products SA, a company specialising in fish feed production.
COSCO Acquisition of Joint Control
We successfully represented Ocean Rail Logistics SA, a member of the COSCO Group, before the Hellenic Competition Commission in its acquisition of joint control over PEARL Group, involving the markets for freight forwarding, rail freight transport and container liner shipping services, and advised on the antitrust aspects of the transaction.
Annulment Action against State Aid Decision before the European General Court
We are acting for a leading company in the food and agricultural business sector in the context of an action filed before the European General Court for the annulment of a European Commission State aid infringement decision and are advising in relation to possible recourses of action nationally.
AIG Acquisition Clearance
We successfully represented the AIG Group before the Hellenic Competition Commission in relation to the acquisition of sole control over AIG Greece SA, the Group’s Greek branch’s sole legal representative in Greece.
Media-Saturn-Holding and Olympia Group Ltd Joint Venture
We advised Media-Saturn-Holding GmbH on the competition law aspects of their proposed merger with Olympia Group Ltd of the operations of Media Saturn Electronics Hellas Commercial and Holding AE with Retail World SA into a new joint venture company to operate the Media Markt and Public retail stores in Greece, including advising on the competition law aspects of the transaction documents and carrying out a merger control assessment of potential implications from an antitrust perspective.
Attica Group Merger Clearance
We have successfully represented the Attica Group, a leader in the provision of international ferry services in the Eastern Mediterranean Sea, with respect to the merger clearance procedure before the Hellenic Competition Commission (HCC) of its acquisition of sole control over Hellenic Seaways, the biggest merger in the maritime sector to have taken place in Greece.
Representation of CVC in Merger Clearance Procedures
We have successfully represented CVC before the Hellenic Competition Commission in its acquisitions of control, through funds advised or managed by it, of Hygeia SA and IASO General active in the private healthcare sector.
Competition Investigation and Antitrust Damages Litigation
We have advised the Greek subsidiary of an international clothes and apparel manufacturer in relation to competition law matters arising in the operation of their distribution network, including currently representing the client in relation to an ongoing investigation by the Hellenic Competition Commission for alleged anticompetitive conduct, as well as in relation to a parallel antitrust damages action before the Civil Courts.
BMW Hellas Competition Law Compliance Advice
We advise BMW Hellas in relation to the structuring and operation of its distribution and service network in Greece, including the compliance of its commercial policy with competition rules and the competition law issues arising in its day to day operations.
Advice to Kosmocar
We advise Kosmocar SA, the official importer of VW, Audi and Skoda automobiles and Ducati motorcycles to Greece in relation to competition law matters arising from the operation of its distribution and repair network in Greece.
Application of Antitrust Rules in Electronics Sector
We provide a market leader in electric and electronic devices with ongoing regulatory and compliance advice, including with respect to the application of antitrust rules to supply issues, pricing and discount policies and assessing the compliance of commercial agreements with competition rules, as well as running a mock dawn raid as part of their overall antitrust awareness and compliance strategy.
Advice on Antitrust Compliance of Distribution Network
We advise a natural cosmetics company on competition law issues on an ongoing basis, including the operation of its distribution network in Greece in accordance with antitrust rules taking into account EU legislative and case-law developments.
Competition Advice to International Watch Manufacturer
We advise an international watch and jewellery manufacturer and its local subsidiary on competition law and antitrust compliance issues, including providing on-site training and support to the local subsidiary. We are currently representing the client in the context of an ongoing investigation by the Hellenic Competition Commission for alleged anti-competitive practices as well as in relation to parallel antitrust damages litigation proceedings before the Civil Courts.
European Commission Studies
We have worked with the European Commission as a correspondent law firm in a number of studies including the harmonisation of the sanction systems in the road transport sector, the compensation mechanisms for economic loss suffered by ports and other bodies as a result of accommodating ships in distress, and passenger rights in urban public transport, passenger transport by taxi, hire car with driver and ridesharing, the application of EC Directive 1999/44 on certain aspects of the sale of consumer goods and associated guarantees (CSGD) in Greece and the liability of carriers of passengers by sea in the event of accidents.
Competition and Antitrust Advice to Global Biopharmaceutical Company
We advise a global biopharmaceutical company on competition, antitrust and regulatory issues relating to pharmaceutical legislation on an ongoing basis.
Competition Advice to International Cosmetics Corporation
We have successfully represented the subsidiary of an international cosmetics corporation in appeal proceedings before the Athens Administrative Court of Appeals, which overturned the Hellenic Competition Commission’s prior decision imposing a fine on the company for alleged anticompetitive conduct and continue to advise on competition law issues since 2006 on an ongoing basis.
Competition Advice on Cross-Border Merger
We advised a tobacco company on the competition law aspects of a major cross border acquisition transaction.
Trans Adriatic Pipeline AG (TAP) Project
We advised a consortium of international financing institutions including the European Investment Bank (EIB) and European Bank for Reconstruction and Development (EBRD), on the regulatory, EU & competition law issues arising in the context of the project financing of TAP’s development of a c.871km gas pipeline connecting to the Trans-Anatolian Natural Gas Pipeline from the Greek Turkish border and running through Greece and Albania to Italy, connecting with the Italian natural gas distribution system near San Foca under the sponsorship of AzTap GmbH, Snam Spa, BP Gas Marketing, Fluxys Europe, Enagas Internacional, SLU and Axpo Trading.
Dawn Raid Procedures
We advised the local subsidiary of a US-based multinational biopharmaceutical company with respect to local dawn raid procedures, including drafting and providing instructions and guidelines.
Competition Aspects of Tender for Privatisation of TRAINOSE and ROSCO
In the context of the privatisations of TRAINOSE and ROSCO, we advised the Hellenic Republic Asset Development Fund (HRADF) on the regulatory framework applicable to the rail sector, in particular with regard to the unbundling of the railway sector in the context of the Second Railway Legislative Package enacted by the EU and relevant procurement and competition law issues.
Competition Aspects of Broadband Infrastructure
We advised a leading construction company on the competition and State aid aspects of its proposed construction and grant of wholesale access to a broadband (NGA) infrastructure in Greece.
Competition Advice to International Group
We have represented a leading international group in relation to proceedings before the Hellenic Competition Commission concerning alleged antitrust infringements in the context of public works tenders, including representing them during the first settlement procedure introduced in 2016 in Greece, resulting in no fine being imposed on the client. This was the first case where the settlement procedure was initiated.