Zepos & Yannopoulos wins arbitration award before the Arbitration Tribunal on Uniform Real Estate Property Tax

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Spyros Maratos

Spyros Maratos

Partner

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Dimitris Gialouris

Dimitris Gialouris

Partner

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Our firm advised and represented a leading energy group, before the Arbitration Tribunal in seeking an arbitration award. The dispute related to Uniform Real Estate Property tax assessments, for the tax years 2014 – 2019, of a total amount of approx. €1,7 M. The company sought to confirm the validity of a tax exemption that was granted by virtue of special provisions of a concession agreement ratified by law. The Arbitration Tribunal ruled that said exemption prevails as lex specialis over the general provisions of the Uniform Real Estate Property Tax.

Zepos & Yannopoulos team was led by Spyros Maratos, partner, assisted by Dimitris Gialouris, partner.