Almost five years after the European Commission submitted its first proposal on the reformation of the data protection landscape, a new General Data Protection Regulation (GDPR) has finally been adopted, designed to harmonize data protection across EU Member States. The GDPR will be directly applicable in all Member States as of May 25, 2018, placing, in the interim, all interested businesses in a race against time to observe all the compliance obligations it imposes.
Turunc provided Turkish legal advice and the Kyriakides Georgopoulos Law Firm acted as Greek legal advisor to Israel's Rivulis Irrigation Ltd. in relation to its acquisition of 100% of the shares in the Greek company Eurodrip SA from US fund Paine Schwartz Partners, LLC. Israel's Naschitz, Brandes, Amir & Co. was lead counsel for the buyers, while Freshfields Bruckhaus Deringer and A. S. Papadimitriou & Partners advised the sellers.
31 May - 01 June 2017, Vienna - Austria Trend Hotel Park Royal Palace
Drakopoulos has advised Yalco, a major Greek distributor of household goods and hotel equipment listed on the Athens Stock Exchange, on the EUR 1.9 million sale of its 100% Romanian subsidiary to a Cypriot purchaser.
Holman Fenwick Willan and Zivkovic Samardzic have advised Serbian industrial conglomerate MK Group on the proposed acquisition by its subsidiary AIK Banka of Alpha Bank A.E.'s Serbian subsidiary. Alpha Bank was advised by White & Case and Drazic, Beatovic & Stojic on the transaction. Financial details were not disclosed.
Past and recent records of litigation proceedings before first instance courts in Greece reflect an unfortunate reality: severe delays in case trials, most of the times coming as a result of lengthy hearings and an ever-expanding caseload, as well as many consensual or disputed trial adjournments or ex officio adjournments due to fortuitous circumstances (strikes, elections, etc.).
The firms of the SEE Legal network are reporting that they worked alongside Skadden Arps in advising BA Glass I – Servicos de Gestao e Investimentos S.A. (the parent company of BA Vidro S.A.) on its acquisition of substantially all of the Yioula Glassworks SA glass container business from Yioula Glassworks SA and its subsidiary Yalos Holdings (Overseas) Limited. Yioula Glassworks was supported on all legal issues by Winston & Strawn.
Ince & Co has advised longstanding client GasLog Ltd., an international owner, operator, and manager of liquefied natural gas (LNG) carriers, on a sale and purchase agreement to acquire a 20% shareholding in Gastrade S.A. A.S. Papadimitriou in Athens provided Greek law advice to GasLog, and Norton Rose Fulbright advised Gastrade.