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Legal
The Court of Audit's opinion on new pension cuts and its implications According to article 73(2) of the Greek Constitution: “Bills referring to the definite attribution of pensions and to the conditions for such an attribution are only introduced by the Minister of Economics following a Court of Audit’s Opinion respectively (…)”.
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Legal
The SEKAP case and extrajudicial debt restructuring The law (N. 4469/2017) recently adopted by Greek Parliament, which was published on May 3 and introduces the opportunity of extrajudicial debt restructuring for natural and legal persons under specific conditions has been the cause of much discussion.
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Legal
Creating a competitive natural gas market: Legal aspects and investment opportunities Greece recently introduced various laws to create a competitive internal market for its natural gas sector with the aim of strengthening competition and ensuring security of supply.
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Legal
Opening the electricity market and possible introduction of "Small PPC" as part of bailout review Greece will be required to explicitly commit to ''alternative structural measures", as the memorandum with its creditors stipulates, in case the mandatory NOME auctions for selling Public Power Company’s (PPC) electricity products to its competitors do not succeed.
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Legal
EU court ruling leaves margin for change to collective redundancy law A legal issue that has, for obvious reasons, major political significance arose after a request by the Greek Council of State to the CJEU for a preliminary judgment.
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Legal
ECJ decision on PPC’s lignite exploitation rights and future investments The recent decision of the European Court of Justice (ECJ) to reject the appeal by the Public Power Corporation against the Commission decision providing for measures necessary to restore competition on lignite rights, brings back to the fore the issue of PPC’s privatisation.
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Legal
Out-of-court settlement: An important tool to regulate debts to banks and public sector The Greek government intends to pass a law concerning the out-of-court settlement of debts of entities with trading licenses in an effort to regulate the so called “red loans” owed to banks, funds and the government.