Significant developments in EU Sustainability Reporting, Due Diligence Directive, Carbon Border Adjustment Mechanism and EU Taxonomy Regulation.On 26 February 2025, the European Commission has proposed amendments aiming to simplify reporting requirements, reduce administrative burdens and enhance competitiveness and sustainability across the EU. In order to achieve those significant developments, reforms were proposed regarding the European Union's Corporate Sustainability Reporting Directive (CSRD), the Corporate Sustainability Due Diligence Directive (CSDDD), the Carbon Border Adjustment Mechanism (CBAM) and Taxonomy Regulations. Greek companies operating within the EU framework will be affected by these developments.Key Proposed Amendments1. Corporate Sustainability Reporting Directive ...
NIS2 and DORA: Cracking the Code | From Legal Puzzles to Cyber Solutions
Last week, we co-hosted with ADACOM a Cybersecurity Breakfast, for an interactive discussion into the latest cybersecurity regulations, with special guest Michail Bletsas, Governor of the National Cybersecurity Authority of Greece, and speakers Theodore Konstantakopoulos, Head of our TMT & Data practice, and Panagiota Lagou, GRC Director, ADACOM.What’s the impact on businesses? Compliance with NIS2 and DORA is not just a legal necessity—it’s a business imperative. Together, we explored:Key compliance timelines & management liabilityRisk management strategies Supply chain obligations Incident reportingAs businesses navigate the evolving cybersecurity landscape, aligning legal & IT priorities is more critical than ever. At Zepos & Yannopoulos we support businesses ...
A key to equality | New gender representation rules in SA companies
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,...
Supreme Court accepts the deduction of VAT on business hospitality expenses | Landmark win by our Tax Litigation team
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...
5 APRIL 2024
Zepos & Yannopoulos presents its Annual Report for 2023...
2023 was a seminal year for us, as we celebrated our 130-year history; a journey defined by always looking ahead.
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5 APRIL 2024
Zepos & Yannopoulos publishes Our footprint, a report o...
For the third year in a row we are publishing an updated version of our footprint on business and the community. As...