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Data Protection Day
On 26 April 2006, the Council of Europe decided to launch a Data Protection Day to be celebrated each year on 28 January, the date on which the Council of Europe’s data protection convention, known as “Convention 108”, was opened for signature.
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Posted in EMPLOYMENT PRACTICE, News, News for Greece
Subsidy for the conversion of part-time to full-time employment contracts
Incentives are given through the newly introduced Law 4997/2022, to employers for the conversion of part-time employment contracts to full-time employment contracts. The key points are the following…
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Posted in News, News for Greece, Whistleblowing Shield
Planning Your Whistleblower Program: 6 Questions To Ask
Law 4990/2022 transposed EU Directive 2019/1937 into Greek law for the protection of persons reporting breaches of EU law, introducing provisions for the protection of whistleblowers from reprisals, the obligation to appoint an Officer responsible for receiving and handling the reports, and…
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Posted in News, News for Cyprus
Back-to-Back financing arrangements retroactively terminated
The Commissioner of Taxation issued Circular 1/2023, which states that the provisions relating to “back-to-back” financing arrangements are retroactively terminated as of 31 December 2021. Based on the above, the application of the simplification measures on the intra-group “back-to-back”…
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Posted in News for Cyprus, News for Greece, TAX LAW PRACTICE
R&D Incentives Reference Guide
Activities related to research, development, and innovation (R&D&I) are crucial for enterprises. A large proportion of corporations is engaged in research, development, and innovation (R&D&I) activities since an innovative approach is inevitable for long-term success. However, most of them are unfamiliar with the concept of R&D…
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Posted in News, News for Greece, TAX LAW PRACTICE
Central Register of Beneficial Owners: Not in line with the EU Charter of Fundamental Rights
With Law 4557/2018 “Prevention and Suppression of Money Laundering from Criminal Activities and the Financing of Terrorism” (the “Law”) which entered into force on 30.07.2018 as is known, the European Directive 2015/849 was incorporated into the Greek legal order, which provided for the introduction…
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Posted in News, News for Greece, Whistleblowing Shield
Protection of Persons who Report Violations of EU Law
On December 16th, 2019, EU Directive 2019/1937 on the protection of whistleblowers (“persons who report breaches of Union Law”) entered into force. Two years later, the deadline for member states, including Greece, to incorporate the European Directive on the protection of whistleblowers expired.
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Posted in News, News for Cyprus
Clarifications for the imposition of the 0,4% contribution on Cyprus immovable property disposals
A contribution of 0,4% is imposed on the sale of immovable property located in the areas controlled by the Republic and on the sale of shares in a company that owns such immovable property, provided that the buyer takes control of the company. The updated law provides the following clarifications:
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The M&A market in Europe: 2022 and expectations
In 2021, the mergers and acquisitions (M&A) market in Europe exceeded all expectations, setting a record that will be hard to beat.The circumstances were indeed favorable: after a pandemic in which the economy suffered an unexpected halt, factors such as economic growth due
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Posted in CORPORATE & COMMERCIAL PRACTICE, News, News for Greece
The new energy law for the national internal electricity market
The new Law 4986/2022 of the Ministry of Environment and Energy aims to modernize the national legislation on the electricity market and harmonize it with the corresponding legislation of the European Union.
