Antitrust & Competition

Contact Person

Stamatis Drakakakis

Stamatis Drakakakis

Partner

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OVERVIEW

Our team has a unique focus on the full spectrum of antitrust & competition matters, as well as a long tradition and experience. Since the enactment of the very first Greek Competition Act back in the late seventies, the proliferation of EC (now EU) rules and guidelines, the decentralization of EU antitrust enforcement, the changes in merger control and the development of EU state aid law, we have been at the forefront of specialized services in this field.

The importance of EU and Greek competition law has long been recognized by major domestic clients and international clients doing business in Greece. Competition authorities have significantly increased their powers and investigation activities, whereas private enforcement is gaining more and more attention. In addition to EU courts, the Greek administrative Judge plays an important role in shaping the interpretation of both substantive and procedural rules. We have the requisite in-depth legal knowledge, familiarity with regulatory authorities and market expertise to assist our clients in defining their strategies and navigating through this complex landscape.

Competition law interacts with sector-specific regulation in network industries such as electronic communications, energy and transport, and other areas of law, such as administrative and company law, public procurement, taxation and banking. All major projects (e.g. privatizations and M&As) need to be examined from a competition law perspective. Our Antitrust & Competition experts work across the firm and maximize synergies amongst various practices to deliver optimum and holistic solutions to clients.

Also, conducting day-to-day business entails antitrust risks and, therefore, requires high compliance standards (e.g. regarding exchange of information, vertical relations, rebates or other loyalty schemes). As such, we assist our clients in managing those risks and ensuring the highest level of compliance.

Experience

Our team has the expertise and scale to provide clients with top quality services in all relevant areas such as:

Antitrust

  • Cartel investigations – dawn raids – strategy & policy tools (leniency/settlement) – interface with other jurisdictions
  • Compliance - exchange of information - clean teams
  • Trade associations & compliance
  • Horizontal agreements - cooperative joint ventures and alliances – joint tendering
  • Vertical agreements - distribution systems and agency - franchising - technology transfer
  • Abuse of dominance - pricing and non-pricing abuses - interface with IP rights – interface with exclusive rights (106 TFEU)
  • Sector specific competition rules (e.g. electronic communications, electricity and gas, transport, broadcasting) - ex ante regulation
  • Sector inquiries – public consultations

Merger control

  • Merger filings - full function JVs - multijurisdictional filings
  • Substantive analysis with – where necessary – collaboration with economists
  • Remedies implementation
  • Third interested parties - merger opposition
  • Special sectors (e.g. media, defence) - Foreign Direct Investments rules

State aid rules

  • Individual aid and aid schemes – notifications – complaints
  • Interface with privatization, tax and public procurement matters
  • Implementation of recovery orders

Litigating before Greek and EU courts

  • Actions for annulment against Hellenic Competition Commission’s decisions before the Administrative Court of Appeal of Athens or before the Supreme Administrative Court– interventions
  • Actions for annulment against European Commission decisions before the General Court of EU
  • Referrals to the Court of Justice of the EU for preliminary rulings
  • Actions for damages (or respective defence) before Greek civil Courts for violations of antitrust rules
  • Actions involving state aid grounds (illegal aid) before national courts
  • Actions for damages before Greek administrative courts (illegal state aid cases)

Awards

Chambers Europe Competition 2018

2018

Chambers Europe Competition 2018

Chambers Europe Competition 2017

2017

Chambers Europe Competition 2017