Law 5178/2024 on gender representation balance in the Board of Directors of the Greek companies was enacted by the Greek Parliament, with effect as of 14 February 2025.Key provisionsListed Companies | Τhe Corporate Governance Code (Law 4706/2020) regulating the governance of listed companies was amended to establish the obligation of participation of the underrepresented gender in the Board of Directors at a percentage of at least 25%.In case of listed companies that meet certain size criteria, i.e., employ at least 250 employees and have an annual turnover of at least €50,000,000 or an annual balance sheet of at least €43,000,000, the participation threshold for the underrepresented gender rises to 33%. To add, if three (3) or more executive directors are seated on the Board of Directors,...

Our Tax Litigation team has successfully defended before the Supreme Court, on behalf of a major pharmaceutical company, the right to deduct and recover the VAT on hospitality expenses incurred in the context of the company’s business activity. Our team was led by Alex Karopoulos, head of our Tax Litigation Practice.From a legal perspective, since the introduction of VAT in Greece in 1987, consistently the Greek VAT Code denied the deduction of VAT on hospitality expenses, even in cases where these expenses were related to the business activity of the taxable persons. This prohibition had as a result, among others, that the cost of business events, like conferences, was increased by the amount of non-deductible VAT.In a landmark ruling, the Supreme Court accepted our argumentation that suc...

Restructuring a business is never just a legal process—it’s a balancing act between corporate strategy, tax implications, and employment considerations.At this week’s Breakfast on Corporate Restructurings, we brought these dimensions together in a dynamic discussion led by our experts:Corporate Law & Compliance and M&A– Athina Skolarikou and Marilisa Myrat, partners, and Nadia Axioti, senior associateEmployment & Labour – Rania Papakonstantinou, partner, and Matina Andrikopoulou, senior associateCorporate Tax & Accounting – Maria Zoupa, Ioanna Tapeinou and Diana Tsourapa, partnersWith Law 5162/2024 reshaping the landscape, we explored the key legal intersections, latest legislative shifts, and practical challenges in corporate restructurings.At Zepos & Yannopoulos, we h...