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Mar.2020
Newsletter
Tax practice – Landmark Decision of Council of State No 320/2020 (pilot tax trial) concerning “tax compliance certificate”.

We successfully represented a leading Greek betting and gaming company before the Administrative Supreme Court (Council of State – “CoS”) at a model (“pilot”) tax trial, on which a landmark Decision under No. CoS 320/2020 was issued. The Court accepted our arguments and annulled the tax assessment acts.  In particular, it ruled that, for tax years 2011-2013 and as concerns the right of the Greek State to make a tax audit, article 82 (5) of Law 2238/1994 (former ITC) and the implementing Ministerial Decision (“MD”) Νο 1159/2011 provide for a valid settlement/closure of the relevant tax cases after a 18-month period, following the issuance of a “clear” tax certificate. Such a settlement is a valid tax regime in accordance with the Greek Constitution.

Feb.2020
Newsletter
Our firm has advised a consortium of Greek Banks

Our firm has advised a consortium of two Greek banks in the negotiation, signing and subscription of a €15mn bond loan issued by EVROFARMA S.A., a listed in ASE corporation, leader in the dairy industry market.

Jan.2020
Newsletter
Tax practice-Principle of retroactive application of the more lenient law in the domain of tax penalties

We successfully represented a high-net-worth individual before the Administrative Supreme Court (Council of State, major 7-member composition, CoS Decision No 2691/2019). The Court accepted our arguments concerning the implementation of the principle of retroactive application of the more lenient law in the domain of tax penalties.

Jan.2020
Newsletter
Our firm has advised a consortium of Greek Banks

Our firm has advised a consortium of four Greek banks in the negotiation, signing and subscription of a €41mn bond loan issued by A&G PAPER S.A., a leading corporation in the paper industry market.

Dec.2019
Newsletter
Our firm has advised Piraeus Bank

Our firm has advised Piraeus Bank in the negotiation, signing and subscription of five bond loans of a total value of €140mn issued by TERNA ENERGY S.A., a corporation listed to the ASE, and four of its subsidiaries.

Sep.2019
Newsletter
Our firm has advised a consortium of Greek banks

Our firm has advised a consortium of Greek banks in the negotiation, signing and subscription of a €6,5mn bond loan issued by a subsidiary of AKRITAS SA, a corporation listed to the ASE active in the wood products sector, within the framework of the latter’s bank debt restructuring.

Jun.2019
Newsletter
Our firm has advised Alpha Bank in the negotiation and signing of a €100mn facility agreement with EIB which aims at financing eligible projects promoted by SMEs and MidCaps.
Jun.2019
Newsletter
Our firm has advised a leading Greek venture capital company in its investment in a b2b travel platform that connects Online Travel Agents (OTA) with in-destination services providers.
May.2019
Newsletter
Tax practice – Landmark Decision of Council of State No 732/2019 (pilot tax trial) concerning “statutory limitation period in the event of late tax return filing”

We successfully represented a high-net-worth individual before the Administrative Supreme Court (Decision No CoS 732/2019 - Council of State) at a model (pilot) tax trial concerning the statutory limitation period of the Greek State to impose taxes, and, in particular, the duration of the limitation period in the event of late tax return filing.

Jan.2019
Newsletter
Tax practice – Annulment of stamp tax imposed to intra-group cash pooling agreement

We successfully represented before the Court of Appeal a Greek member-company of major automobile multinational group at a stamp duty tax dispute (Decision No 4661/2018). The Court annulled the tax assessment acts on the basis that the cash pooling agreement was both signed and executed abroad; therefore, no obligations were executable within Greek territory in order for the stamp duty to be due.

Nov.2018
Newsletter
Tax practice - Capital concentration tax

We successfully represented before the Court of Appeal a major football Societe Anonyme at a capital concentration tax (“CCT”) dispute of EUR 0,85 m (Decision No 2860/2018). The Court ruled that CCT is triggered by the decision of the Board of Directors certifying the payment of the capital increase and not by the decision of the GM resolving upon the increase.