Drakopoulos is representing Hellenic Shipyards in ICC arbitration proceedings against the Hellenic Republic.
In an attempt to lighten the heavy burden on the Greek judicial system, articles 178 to 206 of Law 4512/2018 on Arrangements for the Implementation of the Structural Reforms of the Economic Adjustment Programs and Other Provisions provide guidelines for new mediation procedures in civil and commercial matters. This alternative extrajudicial dispute resolution method seeks to provide an attractive and expeditious solution in the form of an executed agreement that is immediately enforceable.
Scaling the Summit: On the 7th of June, less than eight hours after saying final good-byes to the private practitioners attending the Deal of the Year Awards Banquet, CEE Legal Matters greeted the hundred plus in-house counsel attending the fourth annual regional General Counsel Summit, located this year at the Congress Center of Prague’s Czech National Bank.
With less than a month before it eventually rolls out across the EU, the GDPR is still treated by many businesses as a complicated piece of legislation triggering serious debate between professionals and regulators and imposing a heavy compliance burden for large organizations. However, the GDPR implementation date – May 25, 2018 – should be looked at more as a starting line rather than a hard deadline, providing organizations with the opportunity to map – through their search to identify any personal data processing – both their entire corporate life and their day-to-day operations.
The European Union’s General Data Protection Regulation is, according to the EU-hosted GDPR website, “the most important change in data privacy regulation in the past 20 years.” The Act, which was approved by the EU Parliament on April 14, 2016 and will become fully effective on May 25, 2018, was designed “to harmonize data privacy laws across Europe, to protect and empower all EU citizens’ data privacy, and to reshape the way organizations across the region approach data privacy.”
The western Balkan countries of Albania, Bosnia and Herzegovina, Kosovo, Montenegro, Serbia, and the Republic of Macedonia share the desire to join the European Union. Two of these countries — Albania and Macedonia — are particularly close to accession. we spoke to several lawyers to learn more about how accession could affect the business landscape and the work of lawyers in the two countries.
Despite the severe economic crisis Greece has been facing over almost a decade, the country’s performance in dragging in foreign investment throughout the years has established a rather impressive track record. So far, 2017 has definitely been a year of increased economic, commercial, and corporate activity, and of gradually improving financial circumstances.
On Thursday, November 30th, leading legal practitioners from across Central and Eastern Europe gathered in Prague to help CEE Legal Matters celebrate its fourth successful year as the leading chronicle of the legal industry in the region, participating in an expert Round Table conversation about the year just concluded and enjoying an evening of dinner, drinks, and bonhomie.
Things seem to be picking up a bit in Greece, according to Drakopoulos Managing Partner Panagiotis Drakopoulos — but he knows better than to relax. "I’m much more hopeful than I was last year,” he says, “but you have to adapt to the environment. You can only hear so many times that 'now things are changing.’ We’ve heard this for three or four years, but things don’t, in fact, change. The same thing happened in 2014 — things picked up a lot, and then the crisis hit again.” He sighs. “We definitely have more work than last year, but I don’t see a clear path to the light at the end of the tunnel, so it’s hard to be too confident about how things will develop.”
Drakopoulos Greece has advised Hellenic Petroleum Group of Companies with respect to the group’s compliance with the General Data Protection Regulation.